Corporate Compliance Calendar For The Month of April, 2021 contains Compliance Requirement Under Income Tax Act, 1961, Goods & Services Tax Act, 2017 (GST), Other Statutory Laws, Foreign Exchange Management Act, 1999 (FEMA), SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015, SEBI (Depositories and Participants) Regulations 2018), SEBI Takeover Regulations 2011, SEBI (Prohibition of Insider Trading) Regulations, 2015, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Buyback of Securities) Regulations, 2018, Companies Act, 2013 (MCA/ROC and LLP Compliance), Due dates of LLP Return Filing, Due dates of ROC Return Filings, Mutual Fund related updates, Insolvency and Bankruptcy Board of India (IBBI) Updates, NCLT & NCLAT Updates, MSME Key Updates and Investor Education and Protection Fund.

If you think compliance is expensive, try non compliance

1. Compliance requirement under Income Tax act, 1961

Sl. Compliance Particulars Due Dates
1 Due date for deposit of Tax deducted by an office of the government for the month of March, 2021. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan 07-04-2021
2 Due date for deposit of Tax deducted by an office of the government for the month of March, 2021. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan 07-04-2021
3 Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of February, 2021 14-04-2021
4 Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of February, 2021 14-04-2021
5 Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of February, 2021 14-04-2021
6 Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending March, 2021 15-04-2021
7 Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March, 2021 30-04-2021
8 30 April 2021 -Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of March, 2021 has been paid without the production of a challan 30-04-2021
9 Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of March, 2021 30-04-2021
10 Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of March, 2021 30-04-2021
11 Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194M in the month of March, 2021 30-04-2021
12 Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2021 30-04-2021
13 Due date for e-filing of a declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2020 to March 31, 2021 30-04-2021
14 Due date for deposit of TDS for the period January 2021 to March 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H 30-04-2021

Notes:

1. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has extended due dates for compliance falling during the period from 20-03-2020 to 31-12-2020. Readers are requested to please check the relevant documents from below links:

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. Click here
Notification No. 88/2020 [F. No. 370142/35/2020-TPL] / SO 3906(E) dated 29 October, 2020. Click here
  • Importatnt updates:

1. TDS, TCS rates on interest, dividend, other non-salary payments effective April 1, 2021

In May 2020, the government reduced TDS and TCS rates for interest income, dividend income, rent payments and other non-salary payments by 25%. This was done to increase liquidity in the hands of individuals, especially those going through financial hardships caused by the coronavirus-induced lockdown. The reduction in TDS and TCS rates on non-salary payments came into effect on May 14, 2021, and will be applicable till March 31, 2021.

Thus, effective from April 1, 2021, the TDS and TCS rates on these non-salary payments will be back to their original (higher) levels.

2. Due date extension by CBDT beyond 31st March, 2021

  • Date for issue of notice under section 148 of Income-tax Act,1961, passing of consequential order for direction issued by the Dispute Resolution Panel (DRP) & processing of equalization levy statements also extended to 30th April, 2021.
  • Central Government extends the last date for linking of Aadhaar number with PAN from 31st March, 2021 to 30th June, 2021, in view of the difficulties arising out of the COVID-19 pandemic.
  • introduces Emergency Credit Line Guarantee Scheme (ECLGS) 3.0 for enterprises in Hospitality, Travel & Tourism, Leisure & Sporting sectors. Also extends ECLGS 1.0 & 2.0 up to 30.6.2021.

3. ITR forms for FY 2020-21 notified by the govt

ITR-1 has to be filed by individuals whose total income does not exceed Rs 50 lakh in a financial year. The income sources for ITR 1 include income from salaries, one house property, other sources such as interest income etc. and agriculture income up to Rs 5,000.

The government has notified the income tax return filing forms for the financial year 2020-21 via a notification dated March 31, 2021. As per the notification, some of the new elements in the forms are: ITR-1 cannot be used by an individual for whom income tax is deferred on ESOPs; if the return is being filed in response to any tax notice then DIN has to be mentioned; the ITR forms also ask the filer to specify the tax regime – new or old- for which he/she has opted.

ITR-1 cannot be used by an individual who is either a director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted under section 194N of the Income-tax Act, 1961. TDS under section 194N is deducted for cash withdrawal exceeding Rs 1 crore in a financial year from a bank account.

ITR-2 form has to be used by an individual having income/losses from capital gains, or having more than one house property. However, this form cannot be used by an individual who has income from profits and gains from business and profession. The ITR-2 also asks for the DIN number if the ITR-2 is filed in the response to any tax notice from the tax department.

4. The Finance Act, 2021

The Finance Bill, 2021 has received the assent of the President, Shri Ram Nath Kovind, on 28th March, 2021. The Finance Act, 2021 (No. 13 of 2021) contains 172 Sections impacting more than 20 Acts. This Act shall enforce various provisions with effect from 01-02-2021 (i.e., taxation of ULIPs, discontinuation of settlement commission, etc.), some provision shall come into force from 01-04-2021 (i.e., new income escaping assessment procedure, Section 194P, etc.)

  • Important Circular/Notifications – For the month of March – 2021:
S. No. Title Notification No. Date
1. Approval for manual issue of notice u/s 148 without DIN-Reg F. No. Pr. CCIT/MP & CG/Tech/148/2020-21 31/03/2021
CBDT replaces expression National e-Assessment Centre with National Faceless Assessment Centre Notification No. 27/2021-Income Tax/S.O. 1439(E) 31/03/2021
Faceless Appeal (Amendment) Scheme, 2021 Notification No. 26/2021-Income Tax/S.O. 1438(E) 31/03/2021
CBDT notifies Prescribed Income-tax Authority’ under Section 143(2) for Returns Notification No. 25/2021-Income-tax [S.O. 1437(E).] 31/03/2021
CBDT notifies Jurisdiction of PCIT (ReFAC)(VU) & Addl. CIT(ReFAC)(VU) Notification No. 24/2021-Income-tax [S.O. 1436(E).] 31/03/2021
CBDT notifies Jurisdiction of Income-tax Authorities of ReFACs Notification No. 23/2021-Income-tax [S.O. 1435(E).] 31/03/2021
Jurisdiction of Income tax Authorities of National Faceless Assessment Centre Notification No. 22/2021-Income-tax [S.O. 1434(E).] 31/03/2021
CBDT notifies ITR Forms for AY 2021-22 Notification No. 21/2021-Income Tax/G.S.R. 242(E) 01/04/2021
PAN Aadhaar linking & section 148 notice issue date extended (Read Notification) Notification No. 20/2021-Income Tax [S.O. 1432(E)] 31/03/2021
CBDT re-designated posts due to change in nomenclature of NeAC & ReACs Office Order No. 85 of 2021 31/03/2021
CBDT set-up National Faceless Assessment Centre (NaFAC) Office Order No. 01 31/03/2021
Faceless Assessment Scheme applies mutatis mutandis to Section 144B Assessment F No. 187/3/2020-ITA-I 31/03/2021
Faceless Assessment: Assigning role of Pr.CCsIT of region & Pr. CCIT (NaFAC) F No. 187/3/2020-ITA-I 31/03/2021
CBDT specifies cases for section 144B Assessment F No. 187/3/2020-ITA-I 31/03/2021
CBDT Set up Regional Faceless Assessment Centre (ReFAC) F.No.187/3/2020 ITA-I/Office Order -2 31/03/2021
President Assents Finance Act 2021 No. 13 OF 2021 28/03/2021
Potential cases for issue of Section 148 Notice- Central Charges Information F.No.225/40/2021/ITA-II 27/03/2021
Section 148- Instructions on handling of Non-PAN cases flagged by DRI Notification No. 225/40/2021/ITA-11 26/03/2021
CBDT notifies New Income Tax Rules & Forms for Trust & NPOs Notification No. 19/2021-Income Tax/G.S.R. 212(E). 26/03/2021
CBDT Defers GST & GAAR reporting till 31.03.2022 Circular No. 05/2021-Income Tax 25/03/2021
Allotment of one PAN to two or more taxpayers- resolution ITBA-PAN Instruction No. 9 25/03/2021
Clarifications on provisions of Direct Tax Vivad se Vishwas Act Circular No. 04/2021-Income Tax 23/03/2021
Lok Sabha Passes Finance Bill 2021 (Read Bill) Bill No. 15-C of 2021 23/03/2021
CBDT notifies CIT (Appeals) for cases under Black Money Act 2015 F.No. 279/Misc./M-44/2018-ITJ 23/03/2021
CBDT promotes 94 officers to the grade of Pr. CIT Office Order No. 68 of 2021 19/03/2021
CBDT notifies New Form 15E and rule 29BA Notification No. 18/2021-Income Tax/G.S.R. 194(E) 16/03/2021
Income-Tax Authorities- Amendment in Notification No. 66/2014 [Notification No. 17/2021/F. No. 279/Misc./66/2014-SO(ITJ)(Pt.)] [S.O. 1225(E)] 16/03/2021
Cases to be considered as Potential cases for section 148 notice F. No.225/40/2021/ITA-II 15/03/2021
Handling of non-responsive Income Tax cases for physical verification F.No. CIT(NeAC)/2020-21/802 12/03/2021
CBDT clarifies on potential cases for issue of Section 148 notice F. No.225/40/2021/ITA-II 12/03/2021
CBDT notifies reporting of Capital Gain, Dividend, Interest Income in SFT Notification No. 16/2021-Income Tax/G.S.R 175(E) 12/03/2021
CBDT notifies Head-quarter of PCIT/CIT (Central), Guwahati wef 03.01.2020 Notification No. 14/2021-Income Tax/S.O. 1160(E) 11/03/2021
CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q Notification No. 15/2021-Income Tax [G .S. R. 170(E)] 11/03/2021
4th FAQs on LTC Cash Voucher Scheme Notification No.12(2)/2020/E-II.A 10/03/2021
Income escaping assessment | Action to be taken | AY 2013-14 to 2017-18 F.No.414/132/2018-IT (Inv. I)(Part I) 09/03/2021
CBDT approves ‘Bennett University’ for Scientific Research – Section 35(1) Notification No. 12/2021-Income Tax [S.O. 1069(E).] 09/03/2021
CBDT amends Rule 10V – Guidelines for application of section 9A Notification No. 13/2021-Income Tax [G.S.R. 162(E).] 09/03/2021
TDS on Cash Withdrawal above Rs. 20 lakh Notification No. SB Order No. 05/2021 09/03/2021
Corrigendum to Income Tax Jurisdiction Order F. No. Pr. CCIT(IT)/Delhi/Juris./ Eq. Levy /2020-21/1414 03/03/2021
CBDT prescribes rules for determination of Annual accretion Notification No. 11/2021-Income Tax/G.S.R. 155(E). 05/03/2021
Instructions for issue of Section 148 notice for Reassessment/Reopening F. No.225/40/2021/ITA-II 04/03/2021
AO can pass consequential orders under Vivad se Vishwas: CBDT Circular No. 03 of 2021-Income Tax 04/03/2021
Civil Services Examination Rules-2021 F. No. 13018/05/2020-AIS(I) 04/03/2021
CBDT clarifies on Residential status & Issues new NR Form Circular No. 2 of 2021 03/03/2021

2. Compliance Requirement under GST, 2017

Filing of GSTR –3B

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
March, 2021 20th April,

2021

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
March, 2021 22nd April,

2021

Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep

C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from
March, 2021 24th April, 2021
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

D. Filing Form GSTR-1:

Tax period Due Date Remarks
Monthly return (March, 2021) 11.04.2021 Taxpayers having an aggregate turnover of More than Rs. 1.50 Crores (> Rs 1.50 Cr) or opted to file Monthly Return
GSTR-1 (Jan-Mar, 2021) 13.04.2021 GSTR-1 for Jan – Mar 2021 under QRMP Scheme.

E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No. Compliance Particulars Timeline Due Date
GSTR-5 & 5A Non-resident ODIAR services provider file Monthly GST Return 20th of succeeding month 20.04.2021
GSTR -6 Every Input Service Distributor (ISD) 13th of succeeding month 13.04.2021
GSTR -7 Return for Tax Deducted at source to be filed by Tax Deductor 10th of succeeding month 10.04.2021
GSTR -8 E-Commerce operator registered under GST liable to TCS 10th of succeeding month 10.04.2021

F. GST Refund:

Form No. Compliance Particulars Due Date
RFD -10 Refund of Tax to Certain Persons 18 Months after the end of quarter for which refund is to be claimed
  • Key UPDATE(s):

Quarterly taxpayers are able to see the GSTR3B tile for Jan, Feb and Mar 21. They are requested to file GSTR3B for the quarter Jan-Mar, 21 using tile for Mar, 21. The tile for Jan and Feb is being removed.

2. Significant Changes from 1st April 2021

A. E-invoicing will be mandatory

The Central Board of Indirect Taxes and Customs (CBIC) notified that e-invoicing will be mandatory for business to business (B2B) transactions for taxpayers having turnover of over Rs 50 crore from April 1, 2021.

E-invoicing replaces the physical invoice and will soon replace the existing e-way bill system, and taxpayers will not have to generate separate e-way bills. The government expects e-invoicing to have also other major advantages, such as improving the payment cycle for industry and giving boost to invoice-based lending to MSMEs.

B. HSN Code (Harmonized System of Nomenclature)

  • Taxpayers to mandatorily declare HSN codes in GST Tax Invoices from 1st April, 2021.
  • The Taxpayers whose aggregate Turnover is up to Rs. 5 crores in the preceding Financial Year HSN code of 4 digits is mandatory for all the B2B tax invoices and optional for B2C tax invoices on the supplies of Goods and Services.
  • The Taxpayers whose aggregate Turnover is more than Rs. 5 crores in the preceding Financial Year HSN code of 6 digits is mandatory for both B2B and B2C tax invoices on the supplies of Goods and Services.

C. Important system changes need to be integrated in your e waybills, Delivery challans, Tax invoices, GSTR 1 reporting, Shipping bills, GST refund applications and further note that options available for non reporting under Table 17 and Table 18 would be done away from FY 2021-22 positively.

3. CBIC extends customs duty and integrated GST exemptions till March 31, 2022

The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday extended the basic customs duty and integrated goods and service tax exemptions for export-oriented units, by a year till March 31, 2022.

The Board also made it mandatory for a GST taxpayer having turnover of more than Rs 5 crore in the preceding financial year,to furnish 6 digits HSN Code on invoices issued for supplies.

4. Ready to discuss bringing petrol, diesel under GST at next Council meet: FM Nirmala Sitharaman

For instance, taxes make up for 60 per cent of the present retail price of petrol of Rs 91.17 a litre in Delhi. Excise duty constitutes 36 per cent of the retail price. Over 53 per cent of the retail selling price of Rs 81.47 a litre for diesel in Delhi is made up of taxes. As much as 39 per cent of the retail price comprises central excise.

Amidst outcry over high taxes on motor fuel, Finance Minister Nirmala Sitharaman on Tuesday said she would be “glad” to discuss the suggestion of bringing petrol and diesel under the ambit of the Goods and Services Tax at the next meeting of the GST Council. State levies and central excise duty account for more than half of the retail selling prices of petrol and diesel.

  • GST UPDATES from 01.03.2021 to 31.03.2021:
S. No. Title Notification No. Date
B2C QR code compliance exemption extended till 30th June 2021 Notification No. 06/2021–Central Tax 30/03/2021
E-Way Bill limit increases to Rs. 1 Lakh in Rajasthan Notification No. F.17(131-Pt.-II)ACCT/GST/2017/6672 30/03/2021
Few changes in Customs & GST to come into effect shortly: CBIC Chairman Notification No. D.O.No.60/CH(IC)/2020 29/03/2021
SOP for implementation of provision of suspension of GST registrations Circular No. GST-18/2020-21 15/03/2021
GST refund issues & calculation of Adjusted Total Turnover clarified Circulars No. GST-20/2020-21 26/03/2021
Applicability of Dynamic Quick Response Code on B2C invoices Circular No. GST-19/2020-21 26/03/2021
View e-Way Bill Blocking/Un-Blocking History Advisory No: 03/2021 02/03/2021
Quarterly Return Monthly Payment Scheme Reg Circular No. GST-17/2020-21 15/03/2021
Application of GST Rule 36(4) for the months of February 2020 to August 2020 Circular No. GST-16/2020-21 15/03/2021
Nagpur & Gurugram DGGI makes big cases relating to fake invoices D.O. No. 58/CH(IC)/2020 15/03/2021
GST ITC Mismatch and How to apply for ITC verification No.F.16 (100) Tax / CCT / 14-15 /2656-2663 12/03/2021
Clarification on GST refund & Adjusted total turnover calculation Circular No. 147/03//2021-GST 12/03/2021
GST e-Invoicing turnover limit reduced to ₹ 50 Crores wef 01.04.2021 Notification No. 05/2021–Central Tax [G.S.R. 160(E).] 08/03/2021
CGST Gandhinagar detects 68 fake firms & fraudulent ITC of Rs. 720 Cr Notification No. D.O.No.57/CH(IC)/2020 08/03/2021
Advisory on tracking of Legacy Arrears using Form GST DRC-07A & Form GST DRC-08A Advisory No. 02/2021 03/03/2021
Fake invoices with a face value of Rs. 3308 crore unearthed D.O.No.54/CH(IC)/2020 01/03/2021

3. Compliances under FEMA / RBI

Applicable Laws/Acts Due Dates Compliance Particulars Forms / (Filing mode)
FEMA ACT 1999 15 July every year Annual Return on Foreign liabilities and assets.

The FLA return is required to be submitted by the companies who have received Foreign direct investment (FDI) and/or made Foreign direct investment abroad in the previous year(s) including the current year

FLA Return through Flair Portal: Click here
FEMA ACT 1999 Monthly Basis External Commercial Borrowings Borrowers are required to report all ECB transactions to the RBI on a monthly basis through an AD Category – I Bank in the form of ‘ECB 2 Return’. ECB 2 Return
FEMA ACT 1999 Not later than 30 days from the date of issue of Capital instrument FC-GPR is a form filed when the Indian company receives the Foreign Direct Investment and the company allots shares to a person resident outside India. Form FC-GPR
FEMA ACT 1999 With in 60 days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier.  

Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.

The onus of reporting shall be on the resident transferor/ transferee.

Form FC-TRS.
FEMA ACT 1999 within 30 days from the date of receipt of the amount of consideration. A Limited Liability Partnership receiving amount of consideration and acquisition of profit shares is required to submit a report in the Form FDI LLP-1 Form FDI LLP-I
FEMA ACT 1999 within 60 days from the date of receipt of funds in A Limited liability Partnership shall report disinvestment/ transfer of capital contribution or profit share between a resident and a non resident (or vice versa) Form FDI LLP-II
FEMA ACT 1999 within 30 days from the date of allotment of capital instruments The domestic custodian shall report the issue/ transfer/ of sponsored/ unsponsored depository receipts Downstream statement -Form DI & reporting at FIFP too
  • Procedure for submission of previous year’s FLA return:

In case of submission of FLA returns for previous years, the reporting entity need to take approval from RBI. Visit https://flair.rbi.org.in/fla → Login to FLAIR → Go to “Menu” (upper left corner) → Go to “Multiple Year CIN Enable Screen” → select year 2019 (2018,2017,… 2012,2011). Click “→” then Click “Request”. After sending request to RBI through FLA portal, entities need to wait for at least one working day for approval. Entities can check the status of their request in “Multiple Year CIN Enable Screen” under menu on the left corner. Once approved by RBI, the entity can submit FLA return for the requested previous year”.It may be noted that for example if FLA return for 2020 is not submitted then submission of previous year FLA 2019 and prior years, will not be allowed.

  • Important Updates, March-2021:

1. RBI Has Released New Rules For Card Payments To Come Into Effect From April 1st, 2021

Reserve Bank of India has issued a new set of rules for payments made automatically from a user’s account for mobile, utility, e-commerce, OTT platforms and other bills. These automatic payments are likely to be disrupted from April 1st, 2021 as the new mandates will come into effect from the first of April. The RBI has issued that there will be a requirement of an additional authentication for recurring transactions using credit cards, debit cards, UPI or other prepaid payment instruments (PPIs).

2. Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

“It is mandatory for all banks to participate in the special clearing operations on March 31, 2021.” Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year.

To facilitate accounting of all the government transactions for the current financial year 2020-21 by March 31, 2021, it has been decided to conduct special clearing exclusively for government cheques across the three CTS grids on March 31, 2021.

RBI Circulars / Notifications: March, 2021

S. No. Title Notification No. Date
1 RBI extends timeline for processing of recurring online transactions Press Release: 2020-2021/1326 and Circular No. RBI/2020-21/118 CO. DPSS. POLC. No.S34/02-14-003/2020-2021 31/03/2021
2 RBI extends timeline for Payment Aggregators till December 31, 2021 Circular No. RBI/2020-21/117 CO.DPSS.POLC.No.S33/02-14-008/2020-2021 31/03/2021
RBI notifies Limits for FPI investment in Corporate bonds for FY 2021-22 RBI/2020-21/116 A.P. (DIR Series) Circular No. 14 31/03/2021
National Bank for Financing Infrastructure and Development Act, 2021 No. 17 of 2021 28/03/2021
Special Clearing operations by Banks on March 31, 2021 RBI/2020-21/114 DPSS.CO.RPPD.No./SUO 28065/03.01.02/2020-21 26/03/2021
FETERS – Cards: Monthly Reporting RBI/2020-21/113 A.P. (DIR Series) Circular No.13 25/03/2021
Banks to keep branches open on 31.03.2021 for government transactions Notification No. RBI/2020-21/112 DGBA.GBD.No.S212/42.01.029/2020-21 25/03/2021
Non-centrally cleared derivatives exposures will remain outside Large Exposures RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 23/03/2021
RBI (Amalgamation of Urban Co-operative Banks) Directions, 2020 RBI/DOR/2020-21/75 Master Direction DOR.MAM.No.49/09.16.901/2020-21 23/03/2021
Amendment to Master Direction (MD) on KYC Procedure for Implementation of Section 51A of Unlawful Activities (Prevention) Act, 1967 Notification No. RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 23/03/2021
National Bank for Financing Infrastructure & Development Bill, 2021 introduced in Lok Sabha Bill No. 76 of 2021 22/03/2021
Review of FDI Policy on downstream investments made by NRIs Press Note No. 1 (2021 Series) 19/03/2021
Reporting & Accounting of Central Govt transactions of March 2021 RBI/2020-21/108 DGBA.GBD.No.S-140/42.01.029/2020-21 18/03/2021
Extension of Cheque Truncation System across all bank branches RBI/2020-21/107 DPSS.CO.RPPD.No.SUO 21102/04.07.005/2020-21 15/02/2021
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures RBI/2020-21/106 DoR. FIN. REC. 46/20.16.056/2020-21 12/03/2021
RBI notifies qualified financial market participants & Contracts Notification No. FMRD.DIRD. 2/14.03.043/2020-21 09/03/2021
Financial Action Task Force High risk & other monitored jurisdictions Press Release: 2020-2021/1176 01/03/2021

4. Compliance under Other Statutory Laws

Applicable Laws/Acts Due Dates Compliance Particulars Forms / (Filing mode)
EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952) 15.04.2021 PF Payment ECR
ESIC (Employees’ State Insurance Act, 1948) 15.04.2021 ESIC Payment ESI Challan
Contract Labour (Regulation & Abolition) Act, 1970 Within 15 Days of commencement/ completion of contract work Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer Form VI-B
Payment of Gratuity Rule Within 30 Days of applicability of the Act & any change Notice of applicability of the Act & any change Form A or B
The Apprenticeship Act 1961 15.04.2021 Half Yearly Return March Ending Form APP-2
The Employment Exchange (CNV) Act 1959 & Rules 30.04.2021 Quarterly Return For Quarter Ended 31st March ER-1 Rule 6
  • Key Update:

1. From 15th Feb.,2020, new Companies registered through MCA Portal, www.mca.gov.in need not comply with provisions of ESI Act till they reach threshold limit of ESI coverage or initial 6 months whichever is earlier. For further details login to ‘ www.esic.in . Submission of Mobile Number and Bank Account details (Bank Name, Branch Name & IFSC) shall be mandatory for registration of New employee. For more updates: Click here

2. Govt. defers implementation of Labour Codes due to Covid-19 Outbreak

Reason behind deferment of New Labour Codes: Resurgence of Covid-19 cases in major industrial states have raised apprehensions that economic recovery seen so far could be stalled or even reversed if the cases continue to go up.

Crux about New Labour Codes: The labour ministry had amalgamated 29 labour laws into four Codes to significantly reduce compliance burden, improve the ease of doing business, greater ease of hiring and firing of workers and enhanced flexibility to employers in terms of work hours.

Key Highlights:

  • The government has deferred implementation of labour codes beyond April 1, citing delay on the part of states to finalise Rules.
  • The move is expected to give more time and bandwidth to companies to retweak their salary structures and other human resource (HR) policies as certain provisions of the Code would have led to increase in employee cost for the companies.
  • The government wants at least some industrial states to notify rules across four labour codes along with the Centre to avoid any legal void.
  • Only Jammu and Kashmir has notified Rules for the codes while states of Uttar Pradesh, Bihar, Uttarakhand and Madhya Pradesh have put up draft Rules for two Codes while Karnataka has put it up for one Code.

5. SEBI – Securities Exchange Board of INDIA

Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015

FILING MODE(s) :

  • For BSE : BSE LISTING CENTRE
  • For NSE : NEAPS Portal
  • Quarterly Compliance
Regulation reference Timeline For the quarter ended March
Regulation 31 (1) (b)- Shareholding Pattern Within 21 days from the end of the quarter By 21-April
27(2)(a) – Corporate Governance Report Within 15 days from the end of the quarter. By 15-April
Regulation 33 (3) (a) – Financial Results along with Limited review report/ Auditor’s report : Within 60 days from the end of the FY. 30th May, 2021
Reconciliation of Share Capital Audit Report: (Reg. 76 – D & P Reg.) Within 30 days from the end of the quarter. By 30-April
Regulation 13 (3) – Statement of Grievance Redressal Mechanism Within 21 days from the end of the quarter. By 21-April
  • Half year Compliances
Sl. Compliance Particulars Timeline
1 Regulation 7 (3) – Compliance Certificate certifying maintaining physical & electronic transfer facility Within one month of end of each half of the financial year.
2 Regulation 40 (9) – Certificate from
Practicing Company Secretary.
Within one month of the end of each half of the financial year.
3 Regulation 23(9) Submission of disclosure on Related party transactions under The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges.
  • Regular / Annual Compliance
REG NO REGULATION NO PARTICULARS TIMELINE
47 Advertisements in Newspapers. 47 (3) Advertisements in Newspapers Financial results at 47 clause (b) of sub-regulation (1), shall be published within 48 hours of conclusion of the meeting of board of directors at which the financial results were approved. 48 HOURS
23 Related party transactions. Reg 23(9) Related party transactions The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website 30 days
24A Secretarial Audit. Red 24A Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by a company secretary in practice, in such form as may be specified with effect from the year ended March 31, 2019. (within 60 days from the Closure of FY) 60 days from the Closure of FY
36 Documents & Information to shareholders. 36(1) The listed entity shall send annual report referred to in sub-regulation 36(1), to the holders of securities, not less than twenty-one days before the annual general meeting 21 days before AGM
46 Website 46(2)(s) The listed entity shall disseminate the following information under a separate section on its website separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year, uploaded at least 21 days prior to the date of the annual general meeting which has been called to inter alia consider accounts of that financial year.] 21 days prior 1 days prior to the date of AGM

COMPLIANCE ON IMPACT OF COVID 19:Reg 4(2)(e),30,33,51

Advisory on disclosure of material impact of COVID-19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Link

Quarterly compliance which included half year compliance except FR

REG NO REGULATION NO PARTICULARS TIMELINE
Intimation Reg 29 read with Reg 33 intimation regarding item specified in clause 29(1) (a) to be discussed at the meeting of board of directors shall be given at least five days in advance (excluding the date of the intimation and date of the meeting), and such intimation shall include the date of such meeting of board of directors at least 5 working days in advance, excluding the date of the intimation and date of the meeting
Intimations and Disclosure of events or information to Stock Exchanges. 87B: Intimations and Disclosure of events or information to Stock Exchanges. READ WITH PART E OF Schedule III The listed entity shall first disclose to stock exchange(s) of all events or information, as specified in Part E of Schedule III, as soon as reasonably possible but not later than twenty four hours from occurrence of the event or information: 24 HOURS
Valuation, Rating and NAV disclosure. 87C(1) (iii) An issuer whose security receipts are listed on a stock exchange shall ensure that: the net asset value is calculated on the basis of such independent valuation and the same is declared by the asset reconstruction company within fifteen days of the end of the quarter. 15 Days

♦ Event based Compliances

30 Disclosure of events or information. 30(6) AND Part A of Schedule III The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information 24 HOURS
30 Disclosure of events or information. 30(6) AND sub-para 4 of Para A of Part A of Schedule III The listed entity shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting held to consider the following:
a) dividends and/or cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched;
b) any cancellation of dividend with reasons thereof;
c) the decision on buyback of securities;
d) the decision with respect to fund raising proposed to be undertaken
e) increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched;
f) reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to;
g) short particulars of any other alterations of capital, including calls;h) financial results;i) decision on voluntary delisting by the listed entity from stock exchange(s).
30 MINUTES
31A: Conditions for re-classification of any person as promoter / public 31A(8) The following events shall deemed to be material events and shall be disclosed by the listed entity to the stock exchanges as soon as reasonably possible and not later than twenty four hours from the occurrence of the event:
(a) receipt of request for re-classification by the listed entity from the promoter(s) seeking re-classification;
(b) minutes of the board meeting considering such request which would include the views of the board on the request;
(c) submission of application for re-classification of status as promoter/public by the listed entity to the stock exchanges;
(d) decision of the stock exchanges on such application as communicated to the listed entity;
24 HOURS
34 Annual Report. 34(1)(b) in the event of any changes to the annual report, the revised copy along with the details of and explanation for the changes shall be sent not later than 48 hours after the annual general meeting.] 48 HOURS
44 Meetings of shareholders and voting 44(3) The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board. 48 HOURS
47 Advertisements in Newspapers. 47 (3) Advertisements in Newspapers The listed entity shall publish the information specified in 47(1) in the newspaper simultaneously with the submission of the same to the stock exchange(s). The same is reproduced below
47(1) (a) notice of meeting of the board of directors where financial results shall be discussed (c )statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report;
(d) notices given to shareholders by advertisement
Simultaneously
SCHEDULE III PART PART A 7(A) resignation of the auditor of the listed entity, detailed reasons for resignation of auditor, as given by the said auditor, shall be disclosed by the listed entities to the stock exchanges as soon as possible but not later than twenty four hours of receipt of such reasons from the auditor 24 HOURS
SCHEDULE III PART PART A 7(B) In case of resignation of an independent director of the listed entity, within seven days from the date of resignation, the following disclosures shall be made to the stock exchanges by the listed entities:
i. Detailed reasons for the resignation of independent directors as given by the said director shall be disclosed by the listed entities to the stock exchanges.
ii. The independent director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided.
iii. The confirmation as provided by the independent director above shall also be disclosed by the listed entities to the stock exchanges along with the detailed reasons as specified in sub-clause (i) above.]
7 days from the date of resignation
7 Share Transfer Agent. Reg 7(4) & (5) Share Transfer Agent. The listed entity shall intimate any change or appointment of a new share transfer agent, to the stock exchange(s) within seven days of entering into the agreement. 7 DAYS
29 Reg 29(1) The intimation required under 29 (1), shall be given at least two working days in advance, excluding the date of the intimation and date of the meeting Reg 29(1) is reproduced below: (b) proposal for buyback of securities ; (c) proposal for voluntary delisting by the listed entity from the stock exchange(s); (d) fund raising by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, debt issue, preferential issue or any other method and for determination of issue price:
Provided that intimation shall also be given in case of any annual general meeting or extraordinary general meeting or postal ballot that is proposed to be held for obtaining shareholder approval for further fund raising indicating type of issuance. (e) declaration/ recommendation of dividend, issue of convertible securities including convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of dividend. (f) the proposal for declaration of bonus securities where such proposal is communicated to the board of directors of the listed entity as part of the agenda papers:
at least 2 working days in advance, excluding the date of the intimation and date of the meeting
31 Holding of specified securities and shareholding pattern. Reg 31 (1)(a) The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time –
one day prior to listing of its securities on the stock exchange(s);
1 day prior to listing of its securities on the stock exchange(s
31 Reg 31 (1 (c) within ten days of any capital restructuring of the listed entity resulting in a change exceeding two per cent of the total paid-up share capital: within 10 days of any capital restructuring
31A Conditions for re-classification of any person as promoter / public Reg 31A an application for re-classification of a promoter/ person belonging to promoter group to public to the stock exchanges has to be made by the listed entity consequent to the following procedures and not later than thirty days from the date of approval by shareholders in general meeting 30 days from the date of approval by shareholders in general meeting
37 Draft Scheme of Arrangement & Scheme of Arrangement. 37(1) Draft Scheme of Arrangement & Scheme of Arrangement before for obtaining Observation Letter or No-objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Board or stock exchange(s) from time to time. Before filling the same with any court or tribunal
39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities. 39(2) The listed entity shall issue certificates or receipts or advices, as applicable, of subdivision, split, consolidation, renewal, exchanges, endorsements, issuance of duplicates thereof or issuance of new certificates or receipts or advices, as applicable, in cases of loss or old decrepit or worn out certificates or receipts or advices, as applicable within a period of thirty days from the date of such lodgement. 30 Days
39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities 39(3) The listed entity shall submit information regarding loss of share certificates and issue of the duplicate certificates, to the stock exchange within two days of its getting information. 2 days of its getting information.
40 Transfer or transmission or transposition of securities. 40 (3) On receipt of proper documentation, the listed entity shall register transfers of its securities in the name of the transferee(s) and issue certificates or receipts or advices, as applicable, of transfers; or issue any valid objection or intimation to the transferee or transferor, as the case may be, within a period of fifteen days from the date of such receipt of request for transfer. 15 days
40 Transfer or transmission or transposition of securities. 40 (3) the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode within seven days after receipt of the specified documents: 7 Days
40 Transfer or transmission or transposition of securities. 40 (3) the listed entity shall ensure that transmission requests are processed for securities held in physical mode within twenty one days after receipt of the specified documents: 21 Days
SCHEDULE VII: TRANSFER OF SECURITIES (PART B (1)) In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities:
(a) the listed entity shall promptly send to the first transferor(s), via speed post an intimation of the aforesaid defect in the documents and inform the transferor(s) that objection, supported by valid proof, is not lodged by the transferor(s) with the listed entity within fifteen days of receipt of the listed entity’s letter, then the securities shall be transferred
15 Days
42 Record Date or Date of closure of transfer books. 42(2) The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to stock exchange(s) of record date specifying the purpose of the record date: 7 working days advance intimation excluding the date of the intimation and date of the meeting
42 Record Date or Date of closure of transfer books. 42(2) in the case of rights issues, the listed entity shall give notice in advance of atleast three working days (excluding the date of intimation and the record date).] 3 working days advance intimation excluding the date of the intimation and date of the meeting
42 Record Date or Date of closure of transfer books. 42(3) The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose. 5 working days advance intimation excluding the date of the intimation and date of the meeting
46 Website 46 (3)(b) The listed entity shall update any change in the content of its website within two working days from the date of such change in content. 2 working days
50 Intimation to stock exchange(s). 50(1) The listed entity shall give prior intimation to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable. 11 working days
50 Intimation to stock exchange(s). 50(3) The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non convertible debt securities or any other matter affecting the rights or interests of holders of non convertible debt securities or non convertible redeemable preference shares is proposed to be considered. 2 working days advance intimation excluding the date of the intimation and date of the meeting
52 Financial Results. 52 (4) & (5) The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents 7 working days
52 Financial Results. 52 (4) & (8) The listed entity shall, within two calendar days of the conclusion of the meeting of the board of directors, publish the financial results and statement referred to in reg 52 (4), in at least one English national daily newspaper circulating in the whole or substantially the whole of India. two calendar days of the conclusion of the meeting
57 Other submissions to stock exchange(s). 57(1) The listed entity shall submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of interests or principal obligations or both in respect of the non convertible debt securities within 2 days
60 Record Date 60(2) The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the stock exchange(s) may agree to or require specifying the purpose of the record date. 7 working days advance intimation excluding the date of the intimation and date of the meeting
78 Record Date. 78(2) The listed entity shall give notice in advance of at least four working days to the recognised stock exchange(s) of record date specifying the purpose of the record date notice in advance of at least 4 working days
82 Intimation and filings with stock exchange(s). 82(2) The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of trustees, at which the recommendation or declaration of issue of securitized debt instruments or any other matter affecting the rights or interests of holders of securitized debt instruments is proposed to be considered. 2 working days in advance, excluding the date of the intimation and date of the meeting,
82 Intimation and filings with stock exchange(s). 82(3) The listed entity shall submit such statements, reports or information including financial information pertaining to Schemes to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time:
Provided that where periodicity of the receivables is not monthly, reporting shall be made for the relevant periods.
within 7 days
87 Record Date. 87(2) The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the Stock Exchange may agree to or require specifying the purpose of the record date 7 working days advance intimation excluding the date of the intimation and date of the meeting
87E Record Date. 87E(2) The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the stock exchange(s) of the record date or of as many days as the stock exchange may agree to or require specifying the purpose of the record date. 7 working days advance intimation excluding the date of the intimation and date of the meeting

SYSTEM DRIVEN DISCLOSURE

FOR SAST AND PIT REG: Listed entities shall follow System Driven Disclosure by designating 1 Depository as Designated Depository and uploading the Formation of promoter. Promoter Group ,Designated Person, Directors, Employees not below 2 level (till 30/09/2020)

The Key Summary of System Driven Disclosure of Sep 9, 2020 (Link) is reproduced below:

“→. Listed company shall provide the information including PAN number of Promoter(s) including member(s) of the promoter group, designated person(s) and director(s) (hereinafter collectively referred to as entities) as per PIT Regulations to the designated depository (selected in terms of SEBI circular ref. no. SEBI/HO/CFD/DCR1/CIR/P/2018/85 dated May 28, 2018) in the format and manner prescribed by the Depositories. For PAN exempt entities, the Investor’s Demat account number(s) shall be specified by the listed company. The information shall be provided within 10 days from the date of this circular.

→. The designated depository shall share the information received from the listed company with other depository.

→. In case of any subsequent update in the details of the entities, the listed company shall update the information with the designated depository on the same day. The designated depository shall share the incremental changes with the other depository on the day of receipt from the listed company.”

Below is summary of circulars issued in this regards.

Date Title
Sep 23, 2020 System-Driven Disclosures (SDD) under SEBI (SAST) Regulations, 2011
Sep 09, 2020 Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures
May 28, 2018 System-driven Disclosures in Securities Market
Dec 21, 2016 System-driven disclosures in Securities Market
Dec 01, 2015 Introduction of system-driven disclosures in Securities Market

6. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DCR1/ CIR/P/2020/49 issued and publish dated 27th March 2020, has published Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic.”.

Sl. No. Regulation No. Compliance Particular Compliance Period (Due Date)
1 Regulation 30(1) Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise 25% or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the 31st day of March, in such target company in such form as may be specified. The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the end of each financial year to;

  • every stock exchange where the shares of the target company are listed; and
  • the target company at its registered office
2 Regulation 30(2) The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may
3. Regulation 31(1) read with Regulation 28(3) of Takeover Regulations

AUGUST 7, 2019 CIRCULAR

https://taxguru.in/sebi/disclosure-reasons-encumbrance-promoter-listed-companies.html

The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company, within 2 (two) working days
4. Regulation 31(4) Disclosure of encumbered shares Promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the 31st March, in such target company in such form as may be specified

7. SEBI (Prohibition of Insider Trading) Regulations, 2015

Sl. No. Regulation No. Compliance Particular Compliance Period (Due Date)
1 Regulation 7(2)

“Continual Disclosures”

Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees (10,00,000/-) or such other value as may be specified; Every company shall notify; within two trading days of receipt of the disclosure or from becoming aware of such information

8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Sl. No. Regulation No. Compliance Particular Compliance Period (Due Date)
1 Schedule XIX – Para (2) of ICDR Read with Reg 108 of SEBI LODR “The issuer shall make an application for listing from the date of allotment, within such period as may be specified by the Board from time to time, to one or more recognized stock exchange(s)”.

In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from the date of allotment within 20 days (unless otherwise specified).

Within 20 days from the date of allotment
2 Regulation 162 The tenure of the convertible securities of the issuer shall not exceed eighteen months from the date of their allotment. Within 18 months from date of allotment
3 SEBI CIRCULAR Aug 19, 2019

https://taxguru.in/sebi/non-compliance-provisions-sebi-issue-capital-disclosure-requirementsregulations2018-icdr-regulations.html

Application for trading approval to the stock exchange Listed entities shall make an application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s. Within 7 working days from grant of date of listing approval
4 Regulation 76

Application for rights issue

The issuer along with lead managers and other parties related to the issue shall constitute an optional mechanism (non-cash mode only) to accept the applications of the shareholders to apply to rights issue subject to ensuring that no third-party payments shall be allowed in respect of any application.
5. Regulation 77

Service of Documents

In case if the company fails to adhere to modes of dispatch through registered post or speed post or courier services due to Covid-19 conditions it will not be treated as non-compliance during the said period. The issuers shall publish required & necessary documents on the websites of the company, registrar, stock exchanges and the lead managers to the rights issue.
6 Regulation 84

Advertisement

Issuer has the flexibility to publish the advertisement in additional newspapers above those required in Regulation 84. The advertisement should also be made available on:

A. Website of the Issuer, Registrar, Lead Managers, and Stock Exchanges.

B. Television channels, radio, the internet, etc. to spread information related to the process.

9. SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)

Sl. No. Regulation No. Compliance Particular Compliance Period

(Due Date)

1 Regulation 11 and 24(iv) Extinguishment of equity shares in connection with Buyback The particulars of the security certificates extinguished and destroyed shall be furnished by the company to the stock exchanges where the shares or other specified securities of the company are listed within seven days of extinguishment and destruction of the certificates 7 days of extinguishment and destruction of the certificates
2 Regulation 24(i) (f) Minimum time between buy back and raising of funds Temporary relaxation in the period of restriction

provided in Regulation 24(i)(f) from “one year” to “six months”

Applicable up to December 31, 2020 only

10. SEBI (Depositories and Participants) Regulations 2018)

Sl. No. Compliance Particulars Due Date
1. Regulation 76 (Quarter, January – March 2021) Reconciliation of Shares and Capital Audit 30.04.2021
2. Regulation 74 (5): Processing of demat requests form by Issuer/RTAs – Certificate Received from Registrar Within 15 days of receipt of the certificate of security

11. STAMP DUTY RATES W.E.F. 1ST JULY 2020 & AIF UPDATE

The amended provisions of the Indian Stamp Act, 1899 brought through Finance Act, 2019 and Rules made thereunder shall come into force w.e.f 1st July, 2020. The stamp duty rates being implemented through the Amended Indian Stamp Act w.e.f 01/07/2020 are:

Instruments Rate
Issue of Debenture 0.005%
Transfer and Re-issue of debenture 0.0001%
Issue of security other than debenture 0.005%
Transfer of security other than debenture on delivery basis; 0.015%
Transfer of security other than debenture on non-delivery basis 0.003%
Derivatives–
(i) Futures (Equity and Commodity) 0.002%
(ii) Options (Equity and Commodity) 0.003%
(iii) Currency and Interest Rate Derivatives 0.0001%
(iv) Other Derivatives 0.002%
Government Securities 0%
Repo on Corporate Bonds 0.00001%

REFER FAQ ON STAMP DUTY: LINK

AIFs, where RTAhave not been appointedso far, shall appoint RTA, at the earliest, butnotlater than July 15, 2020 to enable collection of applicable stamp duty on issue, transfer and saleof units of AIFs in compliance with the applicable provisions of the Indian Stamp Act, 1899 and the Rules made thereunder: CIRCULAR : LINK

  • SEBI Circulars Tracker: 01.03.2021 to 31.03.2021
S. No. Title Notification No. Date
1. SEBI reduces time for refund of share application money to Investors Notification No. SEBI/HO/CFD/DIL1/CIR/P/2021/47 31/03/2021
2. Guidelines pertaining to Surrender of FPI Registration Circulars No. SEBI/ HO/ IMD/ FPI&C/ CIR/ P/ 2021/ 045 30/03/2021
3. SEBI (Underwriters) (Repeal) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/15 30/03/2021
4. SEBI (Stock Brokers) (Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/14 30/03/2021
5. SEBI (Merchant Bankers) (Amendment) Regulations, 2021 Notification No. SEBI/LAD-N RO/GN/2021/13 31/03/2021
6. Transfer of business by SEBI registered intermediaries to other legal entity Circular No. SEBI/HO/MIRSD/DOR/CIR/P/2021/46 26/03/2021
7. Transfer /transmission of shareholding in case of intermediary Notification No. SEBI/HO/MIRSD/DOR/CIR/P/2021/42 25/03/2021
8. SEBI direction on Combating Financing of Terrorism SEBI/HO/MIRSD/DOP/CIR/P/2021/36 25/03/2021
9. SEBI reviews Innovators Growth platform framework & other 10 issues Press Releases No. 15/2021 25/03/2021
10. SEBI on on Transfer /transmission of shareholding in case of intermediary Notification No. SEBI/HO/MIRSD/DOR/CIR/P/2021/42 25/03/2021
11. Sending Bulk SMS? Comply with TCCCP Regulations, 2018- SEBI Press Release No. 14/2021 23/03/2021
12. SEBI amends delivery default norms Circulars No. SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 23/03/2021
13. Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN12021112 23/03/2021
14. SEBI announces modified framework for BCP and DR Circulars:- SEBI/HO/MRD1/DTCS/CIR/P/2021/33 22/03/2021
15. Clarification on valuation of bonds issued under Basel III framework Circular No. SEBI/HO/IMD/DF4/CIR/P/2021/034 22/03/2021
16. Measures to prevent repeat of Trading halt at NSE Press Releases No. 13/2021 22/03/2021
17. Streamlining process of IPOs with UPI in ASBA & redressal of investor grievances Circular No.: SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M 16/03/2021
18. SEBI (Investment Advisers) (Second Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/11 16/03/2021
19. SEBI (Portfolio Managers) (Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/10 16/03/2021
20. SEBI (Research Analysts) (Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/09 16/03/2021
21. SEBI (Annual Report) Rules, 2021 G.S.R. 176(E)/ [F. No. 2/8/2019-RE] 12/03/2021
22. SEBI: Rollout of Legal Entity Template Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2021 /31 10/03/2021
23. SEBI reviews Norms of Investment in Instruments having Special Features Notification No. SEBI/HO/IMD/DF4/CIR/P/2021/032 10/03/2021
24. UCC & PAN for trading on commodity derivative exchanges SEBI/HO/CDMRD/DNP/CIR/P/2021/30 08/03/2021
25. SEBI Guidelines for votes cast by Mutual Funds Notification No. SEBI/HO/IMD/DF4/CIR/P/2021/29 05/03/2021
26. SEBI Circular on modifications in Mutual Fund Regulations Notification No. SEBI/HO/IMD/DF2/CIR/P/2021/024 04/03/2021
27. SEBI Code of Conduct & Institutional mechanism for prevention of Fraud or Market Abuse Circular SEBI/HO/MRD/DCAP/CIR/P/2021/23 03/03/2021
28. Master Circular on Surveillance of Securities Market SEBI/HO/ISD/ISD/CIR/P/2021 /22 01/03/2021
29. SEBI issues Consultation paper on ‘Review of Regulatory Provisions related to Independent Directors’ Press Release No. 10/2021 01/03/2021

12. Compliance Requirement UNDER Companies Act, 2013 and Rules made thereunder;

Applicable Laws/Acts Due Dates Compliance Particulars Forms / Filing mode
Companies Act, 2013 Within 180 Days From The Date Of Incorporation Of The Company

(one time compliance only)

As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC. MCA E- Form INC 20A

(one time compliance)

Companies Act, 2013 First declaration within 90 days from the date of notification Dt. 08.02.2019 A person having Significant beneficial owner shall file a declaration to the reporting company

https://taxguru.in/company-law/companies-significant-beneficial-owners-amendment-rules-2019.html

i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019

In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.

Form BEN-1 Draft Format available at

LINK

Companies Act, 2013 within 30 days of acquiring beneficial interest Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.

(the date of receipt of declaration in BEN-1 )

CLICK HERE

Form BEN – 2

(e-form deployed by Ministry (ROC)) on 01.07.2019

Companies Act, 2013 One time Compliance Filing of the particulars of the Company & its registered office.

(by every company incorporated on or before the 31.12.2017.)

Active Form INC -22A
Companies Act, 2013 Annual Compliance *DIN KYC through DIR 3 KYC Form is an Annual Exercise.

Last date for filing DIR-3 KYC for Financial year 2020-21 is 30th September, 2021

Annual Exercise: CLICK HERE

Penalty after due date is Rs. 5000/-(one time)

E-Form DIR – 3 KYC

(Web Based and E-form)

Companies Act, 2013 Within 270 days from the date of deployment of this Form Annual Return To Be Filed By Auditor With The National Financial Reporting Authority

CLICK HERE

CLICK HERE

Click Here

Note on NFRA -2 Click Here

NFRA-2

(NFRA-2 e-Form live since 9th December 2019.)

Companies Act, 2013 Within 30 days of the board meeting Filing of resolutions with the ROC regarding Board Report and Annual Accounts. The details of the resolutions passed should be filed. MGT-14

(Filing of resolution with MCA)

Companies Act, 2013 Within 60 (sixty) days from the conclusion of each half year. Reconciliation of Share Capital Audit Report (Half-yearly)

Pursuant to sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities) Rules, 2014

To be filed all unlisted companies, deemed public companies

Till further clarification to be filled in GNL-2

E-Form PAS – 6
Companies Act, 2013 For half year period ‘October to March’ – 30th April All Specified Companies (i.e. Companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed 45 days from the date of acceptance or the date of deemed acceptance of the goods or services as per section 9 of the Micro, Small and Medium Enterprises Development Act, 2006) to file details of all outstanding dues to Micro or small enterprises suppliers existing on 22nd January, 2019 within thirty days. Form MSME -1

New MCA E-form Introduced: CSR related Compliance

CSR -1 : Filing of Form CSR-1 with the Registrar of Companies (MCA) for registration of entities for undertaking CSR Activities:

Form CSR-1 is required to be filed pursuant to Section 135 of the Companies Act, 2013 and Rule 4 (1) and (2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended/substituted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

  • KEY UPDATES:

1. MCA DEFERS SOFTWARE WITH AUDIT TRAIL BY 1 YEAR till 01.04.2022

Ministry of Corporate Affairs (MCA) vide notification dated 01st April 2021 has deferred mandating Companies to use Software with an Audit Trail of each Transaction till 01st April, 2022.

Kindly note that:

The MCA had earlier notified that every company which uses accounting software for maintaining its books of account shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.

Now, this notification now shall come into force with effect from the 1 April, 2022 only.

Source: Click Here and / Click Here

  • Important Updates
  • MCA Monthly UPdate Calendar: March, 2021
Title Notification No. Date
Amendment to Schedule III of Companies Act 2013 wef 01.04.2021 G.S.R. 207(E) 24/03/2021
MCA broaden scope of reporting by Auditors in Audit report G.S.R. 206(E) 24/03/2021
Companies mandates to use software with audit trail of each transaction G.S.R. 205(E) 24/03/2021
MCA notifies amendment in section 124 & 247 of Companies Act, 2013 S.O. 1303(E) 24/03/2021
MCA establishes Central Scrutiny Centre for carrying out scrutiny of STP e-forms Notification No. S.O. 1257(E). 18/03/2021
MCA notifies amendment in Section 149 & 197 of Companies Act 2013 Notification No. S.O.1255(E) 18/03/2021
Remuneration Limit for non-executive/independent director notified Notification No. S.O. 1256(E) 18/03/2021
MCA enables Aadhar authentication for GSTIN on Company Incorporation G.S.R.158(E) 05/03/2021
MCA mandates new Form & MGT-7 & MGT 7A for OPC & small companies Notification No. G.S.R. 159(E). 05/03/2021
MCA notifies amendment in Section 92 of Companies Act 2013 S.O. 1066(E). 05/03/2021

13. IBBI Updates {Insolvency and Bankruptcy Board of India}

  • IBC will be back in full force from March 25, 2021.

Bankruptcy filings can resume; govt working on ‘pre-pack’ resolutions to clear backlog, new cases. With the economy returning to normalcy, the Centre has, as widely expected, allowed the IBC suspension valid till Wednesday (March 24) to lapse. The Insolvency and Bankruptcy Code will be back in full force from Thursday, 25.03.2021.

By not extending beyond March 24 the suspension of insolvency proceedings i, the Corporate Affairs Ministry (MCA) has indicated that time has come for the IBC to resume rescue of the corporate debtor through resolution and failing that through liquidation. Stakeholders are bracing themselves for the normal functioning of the IBC ecosystem.

Pre-pack mechanism : With the IBC suspension now revoked, the government is now working towards introduction of a ‘pre-pack’ insolvency mechanism for which certain legislative changes are required, official sources said. Indications are that pre-packs will initially be available for MSMEs and the legal changes wll be introduced in the ongoing Budget session of Parliament itself either through an amendment Bill or even an Ordinance.

  • Budget Allcation for IBBI

As per the Budget document, the Insolvency and Bankruptcy Board of India (IBBI) has been allocated Rs 39 crore.

  • Important Notifications and Circulars Tracker (March, 2020)
S. No. Title Notification No. Date
1. IRDAI permits Insurers to classify investments in Preference & Equity Shares as Approved Investment Ref. No: IRDAI/F&I/CIR/INV/065/03/2021 31/03/2021
2. Govt notifies Amendments to Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 Notification No. S.O. 1420(E) 31/03/2021
3. Enhanced 74% FDI in Insurance provisions applicable from 01.04.2021 Notification No. S.O. 1426(E) 31/03/2021
4. Maharashtra Govt notifies Appellate Authorities under Industrial Employment (Standing Orders) Act, 1946 Notification No. Misc -2021 /CR – 47/Lab-3. 31/03/2021
5. 1% lesser stamp duty for property purchased by Women in Maharashtra Order No.Mudrank-2021/110R.12/CR.107/M-1 (Policy) 31/03/2021
6. Copyright (Amendment) Rules, 2021 Notification No. G.S.R 225(E) 30/03/2021
7. Clarification on full & final settlement of claims pertaining to LTC Special Cash Package Scheme Office Memorandu, No. 12(2)/2020-E.II(A) 30/03/2021
8. Mines and Minerals (Development and Regulation) Amendment Act, 2021 Notification No. 16 of 2021 28/03/2021
9. The National Commission For Allied And Healthcare Professions Act, 2021 No. 14 OF 2021 28/03/2021
10. Maharashtra Issues New Lock down Guidelines- Imposes Night Curfew Order No: DMU/2020/CR. 92/DisM-1 27/03/2021
11. States/UTs to take measures to regulate crowds during upcoming festivals Notification No. 40-34/2020-DM-I(A) 26/03/2021
12. Extension of Validity of documents related to Motor Vehicles Notification No. RT-11036/35/2020-MVL 26/03/2021
13. Medical Termination of Pregnancy (Amendment) Act, 2021 Notification No. 8 of 2021 25/03/2021
14. Insurance (Amendment) Act, 2021- FDI limit increased to 74% No. 06 of 2021 25/03/2021
15. PFRDA (Employees’ Service) (Amendment) Regulations, 2021 Notification No. PFRDA/12/RGL/139/11 24/03/2021
16. IRDAI extends exemption from Physical Insurance Proposal form till 30.09.2021 Ref. No: IRDAI/NL/CIR/MISC/064/03/2021 and Ref. No. IRDAI/HLT/REG/CIR/062/03/2021 24/03/2021
17. IRDAI Advisory- Fraudulent messages / unsolicited commercial messages Ref. No: IRDA/IT/CIR/MISC/063/03/2021 24/03/2021
18. Extension of timelines for sale & renewal of Covid policies Ref. No: IRDAI/HLT/REG/CIR/061/03/2021 24/03/2021
19. Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 introduced in Lok Sabha Bill No. 77 of 2021 24/03/2021
20. MHA Guidelines for effective control of COVID-19 No. 40-3/2020-DM-I(A) 23/03/2021
21. Dispensing with physical signatures on Life Insurance proposal form allowed Ref: IRDAI/Life/Cir/Misc/055/03/2021 23/03/2021
22. Modification of Guidelines on Standard Personal Accident Insurance product Ref: IRDAI/HLT/REG/CIR/058/03/2021 23/03/2021
23. Conditional exemption from issue of Physical copy of Electronic Policies till 30.09.20201 Ref. No: IRDAI/Life/Cir/Misc/056/03/2021 23/03/2021
24. Handbook on Ethics for Insolvency Professional Press Release No. IBBI/PR/2021/07 19/03/2021
25. Health Insurance Claims Settlement Ref: IRDAI/HLT/CIR/MISC/053/03/2021 19/03/2021
26. FSS (Food Products Standards and Food Additives) Second Amendment Regulations, 2021 Notification No. F. No. Stds/O&F/Notification (5)/FSSAI-2017. 21/03/2021
27. Supreme Court Legal Services Committee (Amendment) Rules, 2021 Notification No. G.S.R. 198(E) 18/03/2021
28. Notice for Inviting applications for Engagement of retired PPS/PS/PA from Central Government as Consultants in NFRA Notification No. NF-12042/3/2021-ESTT-NFRA 18/03/2021
29. Supreme Court Judges (Amendment) Rules, 2021 Notification No. G.S.R.200(E). 18/03/2021
30. Reporting of Status of Ongoing CIRPs Through Form CIRP 7 Notification No.: IBBI/CIRP/41/2021 18/03/2021
31. Modified guidelines on product filing in health insurance business Ref. No: IRDAI/HLT/REG/CIR/049/ 03/2021 16/03/2021
32. Lockdown Guidelines amenmded in Maharashtra on 15.03.2021 Order No: DMU/2020/CR. 92/Dish-1 15/03/2021
33. Work from home extended till 30.06.2021 for SEZs in Maharashtra Order No. SEEPZ-SEZ/ADMN/GI/588/2020-21/04325 15/03/2021
34. IBBI (Insolvency Resolution Process For Corporate Persons) (Amendment) Regulations, 2021 Notification No. IBBI/2020-21/GN/REG070 15/03/2021
35. IBBI found IP guilty of violating CIRP and IP Regulations Order No. IBBI/DC/69/2021 15/03/2021
36. Sewing Machines (Quality Control) Order, 2021 Notification No. S.O. 1239(E). 15/03/2021
37. Mines and Minerals (Development and Regulation) Amendment Act, 2021 Introduced in Lok Sabha Bill No. 65 of 2021 15/03/2021
38. National Institute of Pharmaceutical Education and Research (Amendment) Bill, 2021 introduced in Lok Sabha Bill No. 54 of 2021 15/03/2021
39. Insurance (Amendment) Act, 2021 introduced in Rajya Sabha BILL NO. XX OF 2021 15/03/2021
40. Government of National Capital Territory of Delhi (Amendment) Bill, 2021 introduced in Lok Sabha Bill No. 55 of 2021 15/02/2021
41. Juvenile Justice (Care & Protection of Children) Amendment Bill, 2021 introduced in Lok Sabha Bill No. 56 of 2021 15/03/2021
42. Marine Aids to Navigation Bill, 2021 introduced in Lok Sabha Bill No. 60 of 2021 15/03/2021
43. Flux Cored (Tubular) Electrodes (Quality Control) Order, 2021 Order No. S.O. 1203(E) 12/03/2021
44. Unmanned Aircraft System Rules, 2021 Notification No. F. No. AV-11012/4/2019-DG 12/03/2021
45. IBBI ask Registered Valuer to take reasonable care & due diligence Notification No. IBBI/Valuation/Disc/4/2021 12/03/2021
46. Arbitration and Conciliation (Amendment) Act, 2021 Notification No. 03 of 2021 11/03/2021
47. ASHA & MGNREGA workers be treated as pertaining to Rural & Social Sector category: IRDAI Ref. No: IRDAI/Life/MISC/Cir/046 /03/2021 11/03/2021
48. Timely payment of retirement benefits to the retiring employees No. 3(6)/2021-P&PW(H)-7083 09/03/2021
49. IRDAI imposes Penalty on ‘Chola MS General Insurance Company’ Ref: IRDA/NL/ORD/MISC/039/03/2021 08/03/2021
50. FSS (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2021 No. Stds/SP-15/T[T(IMST)]. 08/03/2021
51. IBBI Invites comments on Pre-packaged Insolvency Resolution Process File No. 30/20/2020-Insolvency Section 08/01/2021
52. MAHARERA: Standardized formats for Legal title report & consent of flat buyers Circular No. 28/2021 08/03/2021
53. GSTIN Not Mandatory for MSME Udyam Registration Notification No. S.O. 1055(E) 05/03/2021
54. IBBI bar IRP for Outsourcing his work to EY Order No. IBBI/DC/68/2021 05/03/2021
55. FSS (Food Products Standards and Food Additives) First Amendment Regulations, 2021 F. No. 1-116/Scientific Committee/Notif.27/2010-FSSAI(E) 04/03/2020
56. IBBI (Liquidation Process) (Amendment) Regulations, 2021 Notification No. IBBI/2020-21/GN/REG069 04/03/2021
57. Civil Services Examination Rules-2021 F. No. 13018/05/2020-AIS(I) 04/03/2021
58. Legal Metrology (General) (Amendment) Rules, 2021 Notification No. G.S.R. 149(E). 03/03/2021
59. Facilitation by Insurers for COVID-19 vaccination for policyholders Ref: 502/IRDAI/HLT/MISC/COVID-19/2020-21 03/03/2021
60. Insurance Ombudsman (Amendment) Rules, 2021 G.S.R. 147(E) 02/03/2021
61. CCI (Meeting for Transaction of Business) Amendment Regulations, 2021 F. No. R-40007/6/ Reg-Meeting/Noti/2021-CCI 02/03/2021
62. Monthly Pension Adaalat reg No. Pension-1/1(5)/2021/Pension Adaalat 02/03/2021
63. IRDAI release formats for collection of Rural Insurance data Ref. No: IRDAI/NL/CIR/MISC/033/2021 02/03/2021
64. Code on Wages (Central Advisory Board) Rules, 2021 G.S.R. 143(E) 01/03/2021
65. Health insurance policy Information to be given to policyholders Ref: IRDAI/HLT/REG/CIR/038/03/2021 01/03/2021
66. Government notifies cricket events of national importance Notifications No. S.O. 975(E) 01/03/2021
67. Government notifies sporting events of national importance Notifications No. S.O. 975(E) 01/03/2021
68. Extradition Treaty between India & Afghanistan Notification No. S.O. 977(E) 01/03/2021
69. Advisory on Covid Vaccination In R/O Echs Beneficiaries B/49762/AG/ECHS/2021 01/03/2021

This article is updated till 31st March, 2021 with all Laws / Regulations and their respective amendments.

*******

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

“Books may be the most valuable treasure of knowledge, but it is the human mind, that turns that knowledge into wisdom.”Abhijit Naskar

(Republished with Amendments)

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23 Comments

  1. Ravi T R says:

    Could you please help to understand from where we will get MSME master list. As the transaction done with MSME is need to give in notes to accounts of financials everyyear, identifying MSME parties often difficult, hence requested. Thanks

  2. Does it correct?

    GST, Act, 2017 18.02.2020 Return filed by composition dealer statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for a given quarter.
    (October 2019 to December 2019)

    CMP – 08

  3. manognt says:

    Mr Lalit due date for filing GSTR ANNUAL RETURNS (9,9A & 9C) for Financial Year 2017-18 is already extended from 31.08.2019 to 30.11.2019. Already GSTN portal is confusing now by updating as 30.10.2019 and you have added one more confusion by giving another due date as 30.09.2019 which is base less.

  4. laura says:

    A Geo Spa pampers adults with wellness treatments based on local traditions, while children are made to feel special with the Kids For All Seasons programme. With Langkawi’s rich natural environment conveniently at its doorstep, be prepared to explore the outdoors with a resident naturalist, or on your own at the Geopark Discovery Centre where Langkawi’s diverse ecosystems and natural attributes are showcased. Or, simply pull up a deck chair and lounge lazily on the 1.5 km stretch of white, sandy beach.

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