Ten (10) Amendments – Companies Act, 2013 Effective from 01st April 2021 F.Y. 2021-22 In this editorial author shall discuss all the amendment under Companies Act, 2013 which came into effect from 01st April 2021 and impact financial year 2021-22. Many amendments has been made by MCA and Govt in last financial year I.e. 2020-21. […]
Ministry of Corporate Affairs has issued a Notification on March 05, 2021 as Companies (Management and Administration) Amendment Rules, 2021, Chapter VII of the Companies Act, 2013. These rules came into effect from March 05, 2021. Amendment in Rule 11 i.e. “Annual Return”: in rule 11 sub rule 1 has been substituted: Old Rule: Every […]
Extended Due Dates Companies Act, 2013 In this editorial author shall discuss all the extended due dates by Ministry of Corporate Affairs due to CoVID 19 and other amendments under Companies Act, 2013 S. No. Particular Extended Due Dates/ Effective Date A. EGM – through Video Conferencing 30th June, 2021 B. Passing of Resolution restricted in […]
The second wave of COVID-19 pandemic, has transformed the socio-economic construct of the world to a considerable extent and we are gradually inching towards a new normal. What is the economic impact? How long will it stay? What is the recovery trajectory? We hope that this phase will also pass on and we overcome with […]
Bullion trader cannot use the Input Tax Credit (ITC) balance available in the electronic credit ledger legitimately earned on the inputs/raw-materials/inward supplies meant for outward supply of Bullions, towards the GST liability on ‘Castor Oil Seed’ procured from agriculturists and subsequently meant for onward supply, as there is no nexus/connection between the inputs and final product since the inputs are not used or intended to be used in the course or furtherance of the business of supply of ‘Castor Oil Seeds’.
Export trade is regulated by the Directorate General of Foreign Trade (DGFT) and its regional offices, functioning under the Ministry of Commerce and Industry, Department of Commerce, Government of India. Policies and procedures required to be followed for exports from India are announced by the DGFT, from time to time. We are aware that, for […]
NPS (National Pension System) : Tax provisions on investment & Withdrawal Investment Deduction: –Section 80CCD (1): Employee Contribution up to Rs. 1.5 lac under Sec 80CCE -Section 80CCD (1B): Employee Contribution Rs. 50,000 over and above the deduction of Rs. 1.5 lakh -Section 80CCD (2): Employer Contribution up to 10% of salary (Basic + DA), without any monetary limit Withdrawal […]
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 The Central Government in exercise of its powers under Section 460 read with Section 403 of the Act and the Companies (Registration Offices and Fees) Rules, 2014 (Fees Rules) has decided, vide MCA General Circular No. 07/2021 […]
Dear friends, in past few months GST Department has Suo Moto cancelled GST Registration of many dealers which creates a very harsh situation for MSME Sector which are already struggling with cash crunch and other business-related problem created by National lockdown due to Covid situation. There are many reasons due to which GST Registration of […]
Change in name of the company as per SEBI LODR 2015 AND Companies Act, 2013 During the tenure of the company there are many reasons for change in name of the company like change in object clause or convert itself from one form of company to other form, rectification of name of the company or […]
