IRDAI (Regulatory Sandbox) Regulations, 2019 Introduction To carve out a safe and useful space to experiment with Fin-Tech solutions, and where the consequences of failure can be contained. In light of the same, the Insurance Regulatory and Development Authority of India (IRDAI) notified IRDAI (Regulatory Sandbox) Regulations, 2019 to create a Regulatory Sandbox (RS) whose […]
Section 151- Income Tax Act, 1961 The Assessing Officer has to take approval from higher authorities before issue of notice u/s 148 of the Act. How important is application of mind by the Assessing Officer to record the reasons and more important is grant of approval u/s 151(1)&(2), of the Act with full application of […]
Article explains Compliance Requirement related to E-Form INC-20A, Holding Board Meetings, Appointment of Auditor, Statutory Audit of Accounts, Statutory registers requirement, Filing of Annual Return (Form MGT-7), Filing of Financial Statements (E-Form Form AOC-4), Holding Annual General Meeting, Preparation of Directors’ Report, E-Form INC-22A Active compliance, DIR-3 KYC, E-Form DPT-3, E-Form BEN-2 and E-Form MSME. […]
C. Incorporation of Nidhi Company: A Person (or an Association of Persons), desirous of incorporating a Nidhi Company has to make an application for the purpose, with the Registrar within whose jurisdiction the registered office of the company is proposed to be situated, in e-Form No. INC-32 (SPICe). All the documents which are required to […]
Government e Marketplace (GeM) facilitates online procurement of common use Goods & Services required by various Government Departments / Organisations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money.
Arjun, for breaking the Dahi Handi taxpayers are required to overcome 10 difficulties i.e. 10 layer pyramid. These layers are as follows: To have a stable pyramid, a strong foundation is required. The biggest hurdle of forming this in GST is calculation of net liability through Annual return and Audit Report, as both the forms provides no information regarding it.
Sabka vishwas (Legacy resolution dispute scheme 2019) and its procedure by Notification 05/2019 of Central Excise, NT dt 21.08.19 Introduction- It was announced in the Finance Budget 2019, for cases pending during Pre-GST regime in adjudication or appeal at any forum, this scheme offers a relief of 70 per cent from the duty demand if […]
Introduction: Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 was introduced by the Finance Act 2019 which has now come into force vide Notification No. 05/2019 Central Excise-NT dated 21st August, 2019. By this Notification, government made Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 which shall be effective from 1st day of September, 2019 onwards. […]
Corporate Governance aimes at creating an organization which maximizes the wealth of shareholders. It envisages an organization in which emphasis is laid on fulfilling the social responsibilities towards the stakeholders in addition to the earning of profits.
The Vicious Circle of Setting up of Over-Ambitious Revenue Collection Targets – Revenue Authorities Over-Reaching Taxpayers- Withholding of Refunds!! With a view to provide the much needed stimulus and push to the falling GDP growth rate and the currently prevailing slow-down in economy, the Hon’ble Finance Minister (FM) Smt. Nirmala Sitharaman, in a press conference […]
