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Section 179 Freezing bank accounts of director without issuing notice is invalid

May 22, 2019 5115 Views 0 comment Print

K. Chandrasekaran Vs TRO (Madras High Court) The present impugned order is put to challenge mainly on three grounds. The first ground raised is that the petitioner was not put on notice before passing the impugned order. When such contention is specifically raised by the petitioner, it is the duty of the respondent to place […]

An entity requires only one RCMC from its relevant EPC : DGFT

May 22, 2019 1368 Views 0 comment Print

(i) An entity requires only one RCMC from its relevant EPC as per Appendix-2T. It can keep on adding any number of businesses afterwards and RCMCs from other EPCs will be optional only. (ii) If an entity, having RCMC for goods from a particular EPC/FIEO, exports services subsequently, there is no need to obtain second RCMC from SEPC(membership with SEPC in such a case is merely optional).

Framework for accreditation of investors for Innovators Growth Platform

May 22, 2019 1035 Views 0 comment Print

Accredited Investors (AIs) for the limited purpose of Innovators Growth Platform, are investors whose holding in the Issuer Company, is eligible for the computation of at least 25% of the pre-issue capital in accordance with Regulation 283.(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018

SEBI Discussion Paper on Review of Rights Issue Process

May 22, 2019 2319 Views 0 comment Print

The objective of this discussion paper is to seek comments / views from the public and market intermediaries on Review of Rights Issue Process.

e- Tutorial on Online TDS / TCS Challan Correction

May 22, 2019 16908 Views 1 comment Print

Important Information on Online Correction of TDS / TCS Challan All type of corrections like Personal information , Deductee details and Challan correction can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRACES does not […]

Online Correction- Add/delete salary details in TDS/TCS Statement

May 22, 2019 46827 Views 2 comments Print

Important Information on Online Correction- Add/delete salary details All type of corrections like ‘Personal information, Deductee details and Challan correction’ can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction. This feature is extremely useful as it is : Free of Cost : TRACES does not charge any […]

How to add Challan to TDS / TCS statement Online

May 22, 2019 124941 Views 1 comment Print

Important Information on Online Correction All type of corrections like “Personal information , Deductee details and Challan correction” can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRACES does not charge any fee for doing […]

CBDT releases draft New FORM No. 10B and rule 17B

May 21, 2019 77886 Views 0 comment Print

Rule 17B of the Rules provide that said report of audit of the accounts of a trust or institution shall be in Form No. 10B. The Form No 10B besides providing the Audit Report provides for filing of Statement of particulars as Annexure.

HC instructs to consider extension of time for filing of GST Tran-1

May 21, 2019 987 Views 0 comment Print

Without going into the issue as to whether the time for the purpose can be extended, as the petitioner has moved the aforesaid application, the Assistant Commissioner/Commissioner GST may consider the above application and pass appropriate order in accordance with law.

SEBI permits mutual funds to participate in ETCDs

May 21, 2019 1596 Views 0 comment Print

The participation of mutual funds in ETCDs would be subject to the following: Mutual funds are permitted to participate in ETCDs in India, except in commodity derivatives on ‘Sensitive Commodities’ as defined vide SEBI circular no. SEBI/HO/CDMRD/DMP/CIR/P/2017/84 dated July 25, 2017.

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