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Archive: December, 2021

Posts in December, 2021

List of Members elected for 25th Central Council of ICAI

December 22, 2021 48501 Views 1 comment Print

List of Members elected for 25th Central Council of ICAI from Western India Regional Constituency, Southern India Regional Constituency, Eastern India Regional Constituency, Central India Regional Constituency and Northern India Regional Constituency. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIANEW DELHI – 110 002 Dated: 22nd December, 2021 NOTIFICATION(Chartered Accountants) No. 54-EL(1)/13/2021. – In Pursuance of Rule […]

Mandatory Aadhaar authentication for registered person under GST

December 22, 2021 8709 Views 0 comment Print

The Central Government vide Notification No. 38/2021-CT dated 21.12.2021 has notified January 1, 2022 as the implementation date for Rule 10B of CGST Rules, 2017. In the said rule, it is mandatory for the registered person to undergo Aadhaar authentication for the below purposes, Filing of application for revocation of cancellation of registration in FORM […]

Summary of GST Notifications No. 38 & 39/2021-Central Tax dated 21.12.2021

December 22, 2021 33615 Views 2 comments Print

Couple of notifications have been issued on 21st December, 2021 to bring into force certain changes with effect from 1st January, 2022. Notification No. 38/2021 – Central Tax Dated: 21st December, 2021 It seeks to bring into force certain sub-rules of Rule 2 of the Central Goods and Services Tax (Eighth Amendment) Rules, 2021, introduced […]

GST: Govt notifies sections 108, 109 & 113 to 122 of Finance Act, 2021 wef 01.01.2022

December 22, 2021 105750 Views 0 comment Print

Government notifies provisions of sections 108, 109 and 113 to 122 of Finance Act, 2021 (FA, 2021) wef 1st day of January, 2022 vide Notification No. 39/2021–Central Tax | Dated: 21st December, 2021. Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi Notification No. 39/2021–Central Tax | Dated: 21st […]

IRDAI penalises ‘Angel Financial Advisors’ for Solicitation by group company

December 22, 2021 1854 Views 0 comment Print

The M/s. Angel Financial Advisors Pvt. Ltd. (CA) submission that the case under the observation is a one off case is not tenable as similar cases of solicitation by Angel Broking is covered under Charge No.1. The CA is cautioned for following sales practice of engaging the group company Angel Brokering. Considering this particular case […]

SEBI restores validity period of observation letter issued by SEBI to 6 months to launch NFOs

December 22, 2021 888 Views 0 comment Print

Based on consultation with stakeholders, it has been decided to restore the validity period of observation letter issued by SEBI to six months to launch NFOs as specified in SEBI circular SEBI/IMD/CIR No.5/126096/08 dated May 23, 2008.

SEBI allows meetings of unitholders till 30.06.2022 through VC/OAVM

December 22, 2021 3753 Views 0 comment Print

It has been decided to extend the facility to conduct annual meetings of unitholders in terms of Regulation 22(3) of SEBI (REIT) Regulations, 2014 and Regulation 22(3)(a) of SEBI (InvIT) Regulations, 2014 and meetings other than annual meeting, through VC or OAVM till June 30, 2022.

Significance of Commencement of Business

December 22, 2021 4542 Views 0 comment Print

Before commencing the business the director needs to file a declaration to commence the business and exercise borrowing powers as stipulated under Section 10A of the Companies Act, 2013 within 180 days of the incorporation of the Company.

Provisions levying interest under GST Act are incomplete & ineffective

December 22, 2021 3768 Views 0 comment Print

The provisions for levying interest under GST Act are incomplete and hence ineffective. Here we will discuss on the provisions laid down under GST Act for levying interest and its inapplicability as on date. Section 50 of the Goods and Service Tax Act deals with provision for levying interest. Interest can be levied at 18% […]

Maharashtra Real Estate Regulatory Authority (General) (Amendment) Regulations, 2021

December 22, 2021 19767 Views 0 comment Print

(1) These regulations may be called the Maharashtra Real Estate Regulatory Authority (General) (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

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