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Reverse Charge Mechanism (‘RCM’) in case of purchase from unregistered supplier

July 28, 2020 82896 Views 4 comments Print

The provision that has gathered maximum attention for its ability to create significant stress and nuisance would clearly be Section 9(4) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’). Before we go to that, we should understand Reverse Charge Mechanism. Reverse Charge Mechanism (RCM). Normally, the supplier of goods or services pays […]

Financial year & First AGM of newly incorporated Company

July 26, 2020 195720 Views 4 comments Print

Financial year and First Annual General Meeting (AGM) of newly incorporated Company. Under the Companies Act, 1956 (‘Old Act’), it was open to the Companies to determine any period as their financial year (for example- 1st April to 31st March or 01st January to 31st December). However, the Companies Act 2013 (‘New Act’) did not give this leverage as New Act […]

New Consumer Protection Act, 2019- False & Misleading Advertisements

July 25, 2020 32175 Views 0 comment Print

The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New Act will come into force on such date as the Central Government may so […]

Power to declare any terms of contract as ‘null & void’ under New Consumer Protection Act, 2019

July 25, 2020 7434 Views 0 comment Print

The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New Act will come into force on such date as the Central Government may so […]

Inclusion of E-commerce under New Consumer Protection Act, 2019

July 24, 2020 7737 Views 0 comment Print

The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New Act will come into force on such date as the Central Government may so […]

Effective dates of provisions related to Consumer Protection Act, 2019

July 24, 2020 3294 Views 0 comment Print

–Notification No. S.O. 2351(E) dated 15th July 2020. -Notification No. S.O. 2421(E) dated 23rd July 2020. The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). […]

New Consumer Protection Act, 2019- Product Liability & Penal Consequences

July 24, 2020 9084 Views 0 comment Print

The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New Act will come into force on such date as the Central Government may so […]

Form PAS-6 Half Yearly Reconciliation of Share Capital Audit Report

July 20, 2020 2394 Views 0 comment Print

In the year September 2017, the Ministry of Corporate Affairs (‘MCA’) had struck off 2,00,000 Companies from the record of Registrar of Companies (‘ROC’) that were suspected to be ‘shell companies’ and also directed banks to restrict the operation of bank accounts of these companies by the directors or their authorized representatives. It is crucial to […]

Detailed Analysis of The Consumer Protection Act, 2019

July 19, 2020 36237 Views 4 comments Print

The Consumer Protection Act, 2019 (New Act) Notification No. S.O. 2351(E) dated 15th July 2020  The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The […]

File Form PAS-6 till 13th September, 2020

July 17, 2020 4326 Views 0 comment Print

Be ready to file Form PAS-6 [Reconciliation of Share Capital Audit Report (half-yearly)] till 13th September, 2020 The Ministry of Corporate Affairs (MCA) has introduced a new form i.e. Form PAS-6 [Reconciliation of Share Capital Audit Report (half-yearly)] which is basically used for the reconciliation of the share capital audit report on the half-year basis. […]

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