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Archive: 19 April 2022

Posts in 19 April 2022

CBDT notifies Sharada Institute of Indian Management Research Foundation Trust U/s. 35(1)(iii)

April 19, 2022 636 Views 0 comment Print

CBDT notifies Sharada Institute of Indian Management Research Foundation Trust under section 35(1)(iii) read with rules 5C and 5E of the Income-tax Rules, 1962 vide Notification No. 33/2022-Income Tax Dated- 19th April, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 19th April, 2022 Notification No. 33/2022-Income Tax S.O. 1875(E).—In […]

Startup India Scheme

April 19, 2022 8640 Views 0 comment Print

In order to boost entrepreneurship in India, the Startup India campaign was announced for the first time on 15th August 2015 by the Prime Minister of India, Shri Narendra Modi. However, the action plan of the Startup India Scheme was unveiled on 16th January 2016. Notably, Startup India Scheme is one of the flagship initiatives […]

PFRDA (Registration of Pension Funds) Guidelines, 2021

April 19, 2022 873 Views 0 comment Print

1. INTRODUCTION A. Regulation 9 (3) (a) of the PFRDA (Pension Fund) Regulations, 2015, as subsequent amendments thereto reads that “a certificate of registration granted to a pension fund shall remain valid unless suspended or cancelled by the Authority”. B. Accordingly, these guidelines are being issued with the objective of opening ‘on tap’ registration of […]

MCA registers highest ever 1.67 lakh companies in FY 2021-22

April 19, 2022 774 Views 0 comment Print

During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh company incorporations as compared to 1.55 Lakh companies during FY 2020-21. The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The incorporations during FY 2021-22 are […]

MCA issues V3 Login FAQs

April 19, 2022 14718 Views 5 comments Print

USER AND REGISTRATION Q. 1. I am new user of MCA system. How can I register? Ans. New User refers to a person who does not have an existing User Account on MCA system in any version of MCA 21 (either V-1 or V-2). Thus, a ‘New User’ is the one who will be doing […]

Valuation under Ind AS

April 19, 2022 6939 Views 0 comment Print

Under the Indian GAAP, assets and liabilities were required to be recorded at their book values. However,  under  Indian Accounting Standards (Ind AS), certain assets and liabilities are required to be recorded at a fair  value on  each reporting date. This has opened up new opportunities for valuers in India. However, it is imperative for […]

Nidhi (Amendment) Rules, 2022

April 19, 2022 45075 Views 0 comment Print

On and after commencement of Nidhi (Amendment) Rules, 2022, public company desirous to be declared as a Nidhi shall apply, in Form NDH-4, within a period of one hundred twenty days of its incorporation for declaration as Nidhi

SEBI (Ombudsman) Regulation 2003

April 19, 2022 8271 Views 0 comment Print

Ombudsman is a concept which was invented in sweden and thereafter was adopted in India. Ombudsman in literal sence means an independent person who is appointed to hear and act upon citizen’s complaints about government services . For example any bank , insurance company or any other organisation can appoint ombudsman for their customers Same […]

10 Income tax Act Provisions You must know

April 19, 2022 36075 Views 2 comments Print

Discover the lesser-known provisions of the Income Tax Act and enhance your understanding of income tax law.

IFSCA (Fund Management) Regulations, 2022

April 19, 2022 5598 Views 0 comment Print

(1) These regulations shall be called the International Financial Services Centres Authority (Fund Management) Regulations, 2022. (2) These regulations shall come into force on the thirtieth day from the date of its publication in the Official Gazette.

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