Introduction: Ministry of Corporate Affairs vide a notification dated 20.02.2020 conveyed and strongly advised to all the Companies and LLPs to put in place an immediate plan to implement ‘Work from Home’ Policy in their headquarters and field offices. > MCA has came up with a new web based form CAR (Companies Affirmation of Readiness […]
Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional) (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC), 2016 MINISTRY OF CORPORATE AFFAIRS vide General Circular No. 08/2020 dated 06.03.2020, has issued clarification for statutory compliances in respect of companies under Corporate Insolvency Resolution Process […]
In its efforts to improve the ease of doing business, SEBI today launched a Mobile Application for the convenience of investors to lodge their grievances in SEBI Complaints Redress System (SCORES).
CARO 2020 would necessitate enhanced due diligence and disclosures on the part of auditors of eligible companies and has been designed to bring in greater transparency in the financial state of affairs of such companies.
MINISTRY OF CORPORATE AFFAIRS vide notification dated 22nd February 2020, published Companies (Incorporation) Amendment Rules, 2020 in exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013) to amend the Companies (Incorporation) Rules, 2014 Applicability: Companies (Incorporation) Amendment Rules, 2020 shall come into force […]
Employees State Insurance Corporation vide notification No. N-12/13/1/2016-P&D dated 24.01.2020 released the draft regulation on Employees’ State Insurance (General) Amendment Regulations, 2020 to further amend Employees’ State Insurance (General) Regulation, 1950. The Employees State Insurance Corporation proposes to make in exercise of the powers conferred by Section 97 of the Employees’ Insurance Act, 1948 (34 […]
In re Clay Crafts India Pvt. Ltd. (GST AAR Rajasthan) Clay Craft India Pvt Ltd has filed an application before the Rajasthan bench of the AAR to sought clarification on Whether GST is payable under Reverse Charge Mechanism (RCM) the salary paid to Director of the company who is paid salary as per contract and […]
ROC Annual filing Process: (in-connection with AGM): 1. Hold a Board Meeting: To Authorize the auditor for the preparation of financial statements. To Authorize the Director / Company Secretary for preparation of Board Report and Annual Return and other relevant drafts. 2. Hold another Board Meeting To approve the draft financial statements, Board Report and […]
Sole Proprietorship Business is a A business that is owned and managed by a single person. There is no such thing as registration with any statutory Law like Company Law / LLP Law / Partnership Act etc.; Proprietorships are recognized by other registrations, such as a Service Tax registration or GST or MSME or Shop […]
Definition of Foreign Company: ♦ As per definition given under Section 2 (42) of the Companies Act, 2013; “foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conducts any business […]
