Follow Us:

Archive: August, 2022

Posts in August, 2022

Critical Questions on Auditor Appointment and Vigil Mechanism

August 25, 2022 4356 Views 2 comments Print

Understand the critical questions surrounding auditor appointment and vigil mechanism. Learn about the complexities and challenges of compliance with the Companies Act.

Filing of 9 forms in MCA21 Version-3.0 to go live from 01.09.2022

August 25, 2022 2112 Views 0 comment Print

09 company forms (CHG-1, CHG-4, CHG-6, CHG-8, CHG-9, DIR-3 KYC, DIR-3 KYC WEB, DPT-3 and DPT-4) to go-live on 01.09.2022 in MCA21 Version-3.0

Physical Company registered office Address verification by ROC

August 25, 2022 5982 Views 0 comment Print

MCA has added a new Rule i.e. 25B- Physical verification of Registered office of Company. Rule completes Section 12(9) of Companies Act, 2013

Advancement of any other object of ‘General Public Utility’ would not be a charitable purpose

August 25, 2022 7596 Views 0 comment Print

Advancement of any other object of general public utility would continue to be a charitable purpose, if the activity in the nature of trade, commerce, or business is undertaken in the course of actual carrying out of such advancement of any other object of general public utility and the aggregate receipts from any activity in the nature of trade, commerce or business, or any activity of rendering service in relation to any trade, commerce or business does not exceed 20% of the total receipts of the trust or institution undertaking such activities, for the previous year.

Threshold Limits- Companies Act, 2013

August 25, 2022 25732 Views 0 comment Print

Learn about the various threshold limits under Companies Act, 2013. From small company criteria to filing annual returns, understand the regulations.

Gangavaram Port Designated as Customs Port for Unloading & Loading of Goods

August 24, 2022 930 Views 0 comment Print

CBIC issued Notification No. 01/2022 (Customs) (NT) (VSP) on August 24, 2022, declaring Berth No.: 9 at Gangavaram Port as a proper place for unloading imported goods and loading export goods, including empty containers and containerized goods. This amendment expands the customs area at Gangavaram Port, facilitating smoother import and export operations. Read more for a detailed analysis of the notification and its implications.

Mobilization advance given to corporate debtor is operational debt

August 24, 2022 1707 Views 0 comment Print

Held that the mobilization advance given by the Appellant to the Corporate Debtor is clearly an Operational Debt and the Adjudicating Authority committed error in rejecting the claim of the Appellant as an Operational Debt.

Arbitral award set aside as passed by ineligible arbitrator

August 24, 2022 1920 Views 0 comment Print

Held that qualification of the arbitrator as per the arbitration agreement is pre-requisite for eligibility to be appointed as an appointed as an arbitrator. Arbitrator not satisfying the qualification is ineligible and arbitral award passed by such ineligible arbitrator cannot be sustained in the eyes of law.

Furnishing of supporting evidence mandatory to claim TDS credit in absence of TDS certificate

August 24, 2022 3258 Views 0 comment Print

Held that in absence of TDS certificate, assessee has to furnish any other evidence to support deduction of tax at source by the payer of income. TDS credit denied for failure to furnish any other supporting evidence

Non-Ind AS Revised Schedule III Financial Statements for Companies for FY 21-22 Onwards

August 24, 2022 18966 Views 5 comments Print

Ensure compliance with the new reporting requirements under the Companies Act 2013. Learn about the revised schedule III financial statements for companies from FY 21-22 onward.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031