It is important to note that the industry was waiting for definition change in MSME for quite a long time. As there was fear among MSME that if they grow in terms of number, they might lose the title of being MSME and lose benefits of Government provided for MSME.
[ACIT v. Padma Logistics &Khanij (P.) Ltd. – In present case, Kolkata Tribunal ordered that the intimation issued u/s 143(1) of the Act does not preclude the assessee from filing a revised return of income.
Relaxation for conducting of board meeting through video conferencing (VC) or other audio-visual means (OAVM) till 30th September, 2020 [MCA Notification No. G.S.R. 395(E) dated 23th June, 2020] No doubt, there are lots of matters in any company which required board decisions immediately or frequently. However, Due to COVID-19 outbreak and lockdown situation prevailing in […]
COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) [MCA General Circular No. 12/2020 dated 30th March, 2020] The Ministry of Corporate Affairs (‘MCA’) had, in the Circular No. 11/2020, dated 24th March, 2020, inter alia other relaxations / special measures provided in view of the Covid-19 pandemic, indicated regarding providing immunity to the Companies and LLPs with […]
