OPC Annual Compliance Form and Due date AOC-4 : Within 180 days from the closure of financial year i.e., 27th September of every year. MGT-7A : Within 60 days from the date of entry (signing) of resolution served by the member to adopt the financial statements in the minutes book. [deemed date of AGM as […]
CBIC has notified CGST (Eighth Amendment) Rules, 2021 to amend the existing CGST Rules, 2017, which shall come into force as on the date of its publication in the Official Gazette (except provided otherwise).
Finally, the update for which we all were waiting is here. The Ministry has released an Office Memorandum on 23rd September, 2021 regarding the extension of due date of AGM by 2 months. Accordingly, the MCA has advised the ROCs to release order for their respective jurisdictions, providing for extension of due date of AGM […]
Food Safety and Standards (Approval for Non-Specified Food and Food Ingredients) Amendment Regulations, 2021 The FSSAI has notified a new set of Draft Regulations vide notification No. F. No. Std/EC/T(NSF–01) dated: 22.09.2021 to amend the existing Food Safety and Standards (Approval for Non-Specified Food and Food Ingredients) Regulations, 2017. For that matter, the Authority has […]
The concept of One Person Company (OPC) is well understood by all of us and doesn’t need any introduction. We all are aware of the privileges enjoyed by an OPC in comparison to other forms of companies, like non-requirement of holding general meeting, non-requirement of holding board meeting (in case there is only one director), […]
Food Safety and Standards (Labelling and Display) First Amendment Regulations, 2021 *FSSAI F. No. Std/SP-08/A-1.2019/N-02. Dtd. 10th September, 2021 The FSSAI has notified a new set of Regulations to amend the existing Food Safety and Standards (Labelling and Display) Regulations, 2020. These amendments are set to come into force w.e.f. the date of its publication […]
NEW VS OLD DEFINITION OF SMALL COMPANY As the annual filing season is coming along the way, it is pertinent to have a clear understanding about the applicability of definition of small company. For that matter, let’s have a look at some of the important points of consideration. – In the Union Budget 2021, Hon’ble […]
Understand the TDS/TCS exemption on the transfer of capital assets/goods from Air India. Learn about the specific income tax notifications under the Income Tax Act, 1961.
The CBDT has notified Income-tax (28th Amendment) Rules, 2021 to amend Rule 11UAC of the existing Income-Tax Rules, 1962. The notification shall come into force from 1st April, 2022 and shall be applicable from A.Y. 2022-23 onwards. Vide this notification, the CBDT has inserted the following new clause in Rule 11UAC: “(4) any movable property, […]
Rate of interest, if any, payable on the advance payment shall not exceed 100 basis points above the London Inter-Bank Offered Rate (LIBOR) or other applicable benchmark as may be directed by the Reserve Bank, as the case may be
