The Delhi Assembly on Friday, 30th July, 2021, passed the Delhi Goods and Services Tax (Amendment) Bill, 2021, which the government claimed is aimed at smoothening the taxpaying process, strengthening accountability and minimizing room for tax evasions. Small changes have been made in 15 sections of the Delhi GST Act. These have been incorporated on the basis of experiences […]
SEBI Updates: Bankers to an Issue, Infrastructure Investment Trusts & Real Estate Investment Trusts SEBI (Bankers to an Issue) (Amendment) Regulations, 2021 SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2021 *SEBI Notification No. SEBI/LAD-NRO/GN/2021/26, 27 & 28 Dtd. 30th July, 2021 The SEBI has notified three sets of amendment […]
The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide exemption to listed PSUs.
*IBBI Notification No. IBBI/2021-22/GN/REG077 Dtd. 22nd July, 2021 The Insolvency and Bankruptcy Board of India (IBBI) has notified a new set of regulations to amend the existing IBBI (Insolvency Professionals) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette. Sr. No. Amendment Effect 1 Substitution– Regulation 5(c)(iii) (Qualification […]
*MCA Notification No. G.S.R. 503(E). & S.O. 2904(E). Dtd. 22nd July, 2021 I. Companies (Incorporation) Fifth Amendment Rules, 2021: The MCA has notified a new set of rules to amend the existing Companies (Incorporation) Rules, 2014 which shall come into force w.e.f. 1st September, 2021. The Ministry has inserted: new rule i.e., Rule 33A Allotment of a new name […]
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer for any foreign remittance.
What should be the minimum age of a person to get directorship in a Company and the maximum age until which he can serve? Certainly, this is one of those questions which we often ignore, especially in case of Private Companies. However, it is pertinent to have conceptual clarity regarding the same. Now, let’s have […]
Form MGT- 7 or Form MGT-7A? As we all are well aware that the Ministry vide its notification no. G.S.R. 159(E). dtd. 05th March, 2021, amended Rule 11(1) of Companies (Management and Administration) Rules, 2014 and introduced a new form of annual return exclusively for OPC and Small Companies. The amended rule states that: “Every […]
Notification No. IBBI/2021 22/GN/REG075 Dtd. 14th July, 2021 The Insolvency and Bankruptcy Board of India (IBBI) has notified a new set of regulations to amend the existing IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette. Applicability: These regulations […]
Annual Return on Foreign Liabilities and Assets (FLA) Foreign Liabilities and Assets (FLA) Return is an Annual Return which is required to be submitted by those entities which have received FDI and/or made overseas investments in any of the previous years including the current year i.e., entities which have Foreign Assets or Liabilities in their […]
