Company Law Fresh Settlement Scheme Question: Whether there is any extension in Due Date of DPT-3? As per the Companies Act, 2013, the Due Date of filing of DPT-3 is June 30, 2020 on an annual basis. However, due to CoVID-19 pandemic, many Companies cannot file this form until June 30, 2020. Therefore, Ministry of […]
Company Law Fresh Settlement Scheme Question: Whether the e-Form CFFS-2020 required to be filed for the forms which have been filed within due dates during the vouge of the scheme? Ministry of corporate Affairs (MCA) had in the circular dated 24 March, 2020, provides for a moratorium on delay in filing of form till September […]
Note on Section 115BAC & Income Tax Notification No. 38/2020 dated 26.06.2020 Sec 115BAC – Tax on income of individual and Hindu undivided family is introduced in Finance Act, 2020 which is applicable to financial year commencing from 1.4.2020. This section gives an option to an individual assesse to get it assessed under this section […]
Standard operating Procedure case of Trading Member / Clearing Member leading to default. Relevant Circular: SEBI Circular No. SEBI/HO/MIRSD/DPIEA/CIR/P/2020/115 dated 01.07.2020 To Protect the of non-defaulting clients of a Trading members/Non defaulting Clients/TMs of the Clearing Members in the likely event of default by TM/CM, there is a need for Standard Operating System or procedure. […]
The Government issue various ordinances which become the law for time being in force. However, there is, mostly, confusion in the mind that for what time the ordinance will remain in force. Whether it will remain in force for six weeks or six months.? Now, in this Article, we will discuss the Ordinance making power […]
New criteria for classification of Micro, Small and Medium Enterprises – GAZETTE NOTIFICATION – 26th June, 2020 The Government has always been in favor of providing benefits to Micro, Small and Medium Enterprises (MSMEs). There are many benefits of MSME registration in India, which can be only availed if the business had registered itself as […]
The Ministry of Micro, Small and Medium Enterprises (MSME) vide its Notification dated 26th June, 2020 has notified certain criteria for classification of an enterprises in MSME category. Under this classification, an enterprises shall be classified as Micro Enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and […]
The GST was launched at midnight on 1 July 2017 by the President of India, and the Government of India. The launch was marked by a historic midnight (30 June – 1 July) session of both the houses of parliament convened at the Central Hall of the Parliament. We have completed three years of implementation. […]
Blocking of Input Tax Credit in Terms of new Rule 86A of the CGST Rules With Effect from 26.12.2019 Rule 86A was inserted in the Central Goods and Service Tax Rules, 2017(herein after defined as CGST Rules) which was notified through Notification (Central Tax ) No 75/2019, stating the condition to use Input Tax Credit […]
Dear Professionals Hope you all are doing well there! As already mentioned in the Tagline that you cannot afford to miss this write up if you are planning to be a Practising Professional. Many of us from a fraternity of Company Secretary are struggling today to get even a single client to begin their career […]
