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Special Economic Zones (Amendment) Rules, 2018

September 19, 2018 31443 Views 0 comment Print

(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

Extend due date of AGM and Annual E-forms for Kerala Companies: ICSI

September 19, 2018 2679 Views 0 comment Print

As you are kindly aware, under the provisions of Companies Act 2013, every company is required to hold an Annual General Meeting in each year within a period of six months from the date of closing of financial year, which in majority cases, falls in September, 2018.

The Power Sector: Cable fault!

September 19, 2018 906 Views 0 comment Print

Indias beleaguered power sectors financial problems have been making the headlines of late. On February 12, 2018, the RBI in its revised guidelines for resolution of stressed assets mandated banks to complete insolvency resolution proceedings within 180 days of default, classifying the loan as a special mention account with even a one-day delay in repayment.

Dematerialisation of Securities (Depositories Act, 1996)

September 19, 2018 6414 Views 2 comments Print

CS Rohit Verma As per Ministry of Corporate Affairs new amendment notification dated 10th September 2018 requiring Admission for Unlisted Company for offering the facility of dematerialisation to shareholders. In this regard, we wish to inform you that the Issuer may establish electronic connectivity with registrar and transfer agents (RTA).  Company has to submit the following […]

IRCON IPO: Listing to Delisting and to Listing again

September 19, 2018 3756 Views 0 comment Print

IRCON International is Mini-Ratna public sector company which is set to hit Indian stock exchanges with an initial listing of its 10.53% equity shares, by Ministry of Railways acting in behalf of President of India. While the company is primarily into engineering and construction businesses specializing in infrastructure projects, railways, highways, bridges etc.

Extend due date to submit Tax Audit Reports & ITR: ICAI requests 3rd time

September 18, 2018 240522 Views 256 comments Print

ICAI has for the third time in less than a month made a request for Extension for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018. Earlier ICAI has made representation dated 31st August, 2018 and 10th September, 2018. Read ICAI 1st Representation on […]

TDS provisions Under The GST Act- All About It

September 18, 2018 6504 Views 1 comment Print

The concept of TDS is simple concept. The recipient deducts tax at the notified rate from the payment due to the supplier and deposits the tax into the government treasury on behalf of the supplier. When the supplier files return, he can claim credit of the tax paid by the recipient on his behalf. Section 51 of the CGST Act deals with the issue of TDS.

NAA penalises Builder for not passing GST Input credit Benefit to customers

September 18, 2018 4248 Views 0 comment Print

Shri Sukhbir Rohilla & 108 Ors Vs M/s Pyramid Infratech Pvt. Ltd. (National Anti-Profiteering Authority) Authority under Rule 133 (3) (a) of the CGST Rules, 2017 orders that the Respondent shall reduce the price to be realized from the buyers of the flats in commensurate with the benefit of ITC received by him as has […]

Bank of Baroda, Vijaya Bank & Dena Bank to be merged

September 18, 2018 3306 Views 0 comment Print

Govt. decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. The envisaged amalgamation will be the First-ever three-way consolidation of banks in India, with a combined business of Rs. 14.82 lakh crore, making it India’s Third Largest Bank.

Online E-com module for SEIS to be available to exporters from 03.10.2018

September 18, 2018 759 Views 0 comment Print

In view of changes in the rates of incentives mid year during the Mid Term review of the FTP, some minor modifications and further testing of the module is in process. The new online E corn online module of the SEIS will be available to the exporters from 03.10.2018. Therefore, the exporters/ members of trade are requested to apply in the online module for SEIS only after 03.10.2018.

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