Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Fema / RBI : The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with fle...
Company Law : The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% addition...
Goods and Services Tax : IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility ...
Income Tax : The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value,...
Finance : The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regula...
Corporate Law : The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, ...
Corporate Law : The ruling clarifies that digital processes are encouraged but not mandatory, ensuring workers rights are protected even through p...
Company Law : The law removes sector-based exclusions and extends minimum wage protection to all employees. It confirms universal coverage acros...
Corporate Law : The FAQs explain the uniform wage definition and the 50% allowance cap across all Codes. Gratuity applies prospectively from 21 No...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
Goods and Services Tax : ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior yea...
SEBI : The notice outlines detailed guidance on filing financial results under Regulation 33, covering timelines, disclosure norms, and r...
Q.1 When was Consumer Protection Act 2019 enacted? Ans. The Consumer Protection Act 2019 was notified on August 9th 2019. However, it came into effect from July 20th 2020. Q.2 What are the main features of Consumer Protection Act 2019? Ans. While retaining certain old provisions, the New Act has certain new provisions that tightens […]
Is the Limited Insolvency Examination mandated under any law, for what purpose? The Limited Insolvency Examination (examination) is mandated under regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory conditions for registration as an insolvency professional.
USER AND REGISTRATION Q. 1. I am new user of MCA system. How can I register? Ans. New User refers to a person who does not have an existing User Account on MCA system in any version of MCA 21 (either V-1 or V-2). Thus, a ‘New User’ is the one who will be doing […]
Aadhaar: FAQs on Offline verification process of Aadhaar and role of Offline verification seeking entities (OVSEs) Q.1 What is offline verification Ans. Offline verification is the use of Aadhaar for identity verification and KYC locally, without sending data to and receiving response from UIDAI online. In offline verification resident directly submits the Aadhaar number and associated […]
Introduction about LEI: Legal Entity Identifier India Limited is a registered company having CIN U74900MH2015PLC268921 and is a Wholly Owned Subsidiary of The Clearing Corporation of India Ltd. LEI acts as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers in India “LEIL has been recognized by the Reserve Bank of India as an […]
Grievance Redressal Mechanism Q.1 What are the grievance redressal channels in UIDAI? Ans. UIDAI has setup a multi-channel grievance handling mechanism for resident’s queries and grievances related to Aadhaar Enrolment, Updation and other services. Resident can reach UIDAI through multiple channels viz. Phone, Email, Chat and Web Portal. For quick disposal of complaints resident must […]
Q.1 How would I know that DBT funds have come to my account? Ans. If you have availed SMS alerts facility from the concerned bank where your DBT account is opened, then the bank will send out SMS alerts when you get DBT funds in account. Alternatively, you can also check your account balance using […]
Q. 1 I have Enroled for Aadhaar number but I am yet to receive the Aadhaar number, Can I still file my Income tax return? Ans. Yes, you can quote the EID number mentioned on Acknowledgement/ EID slip provided by the enrolment centre at the time of enrolment while filing the Income Tax return. Q.2 […]
Q.1 Can an NRI apply for Aadhaar? Ans. YES. An NRI (whether minor or adult) with a valid Indian Passport can apply for Aadhaar from any Aadhaar Kendra. Q.2 Can my passport be used for Aadhaar update of my spouse? Ans. If your passport has the name of your spouse, then it can be used […]
Q.1 Can the resident’s data be purged from Aadhaar database? Ans: As is the case with the other services availed from the government, there is no provision for purging the data of the resident from the database once he has obtained his Aadhaar. The data is also required as it is used for de-duplication of […]
