You are well aware that the companies are required to make certain disclosures pertaining to the vendors registered under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. However, we would like to marmorise flashback of changes made in the MSMED Act and requirement of Form MSME-I.
Every company required to file Form INC-20A shall file the same within 180 days of its incorporation. Non filling of Form INC 20A allows Registrar of Companies (‘ROC’) one additional ground to strike off the name of your Company from its Register.
E-Form Dir-3-Kyc for Financial Year 2018-19 & 2019-20 Can Be Filed Till 31st December, 2020 [Ref: “Companies Fresh Start Scheme, 2020 (CFSS-2020)” vide Circular No. 12/2020 dated 30th March, 2020 and General Circular No. 30/2020 dated 28th September, 2020] Filing of e-form DIR-3-KYC for each financial year is mandatory even for person who has already […]
Currently, in view of large-scale disruption caused by COVID-19 Pandemic, MCA vide General Circular No. 30/2020 dated 28th September, 2020 has extended the CFSS-2020 till 31st December, 2020. Therefore, e-form ACTIVE (E-Form INC – 22A) can be filed without any additional fee.
♦ Introduction to Section: -Section 206C of the Income Tax Act provides for the collection of Tax at Source (TCS). –TCS is collect on specified goods like Alcoholic Liquor for human consumption, tendu leaves, scrap etc. -In order to widen and deepen the tax, a two new sub-section (1H) is inserted with effect from 1.10.2020. […]
Ministry of Corporate Affairs had issued Companies (Auditor’s Report) Order, 2020 (hereinafter “CARO 2020”) vide Order no. S.O. 849(E) dated 25th February, 2020 in place of the existing Companies (Auditor’s Report) Order, 2016 (“CARO 2016”) dated 29th March 2016. Initially, CARO 2020 was effective for the financial years commencing on or after the 1st April, […]
Q.1 What are the Provisions applicable to MSME-1 Form? Ans. Order 2 and 3 dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013 Q.2 What is the Objective of MSME-1 Form? Ans. furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises
ARE YOU SELECTING RIGHT.? In this article features different investment products have been elaborated along with the comparison of returns according to the investment tenure. This will help the investor to decide for himself to choose the correct product comparing Time, Returns & Taxability each of them. INVESTMENT FOR A LONGER TENURE PPF NPS * […]
The following are the Disclosures under Regulation 10(5), 10(6) and 10(7) – Intimation/reporting to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 Regulations 1. Under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, […]
Starting one’s own business is a dream for many. If we talk only about India, According to a Randstad Workmonitor survey, 83 per cent of Indian workforce would like to be an entrepreneur. This is higher than the global average of 53 per cent. 56 per cent said that they are considering leaving current Jobs […]
