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Circulars

e-Communication of Gatepass & OoC Copy of BoE to Custom Brokers/Importers

April 13, 2020 13641 Views 0 comment Print

The Final eOoC copy of BoE and eGatepass copy will be emailed to the concerned Customs Broker and/or importer, if registered, once the Out of Charge is granted. The eGatepass copy will be used by the Gate Officer or the Custodian to allow physical exit of the imported goods from the Customs area.

MCA further clarifies on passing of ordinary & special resolutions- COVID-19

April 13, 2020 21054 Views 0 comment Print

Further Clarification vide General Circular No 17/2020 on passing of ordinary and special resolutions by companies under the Companies Act, 2013 and rules made thereunder on account of the threat posed by COVID-19

MCA allows filing of IEFF e-forms till 30.09.2020 without additional fees

April 13, 2020 2898 Views 1 comment Print

General Circular No. 16/2020 File No. 16/01/2018-IEPFA (Vol. II) Investor Education and Protection Fund Authority Ministry of Corporate Affairs Government of India Ground Floor, Jeevan Vihar Building, 3, Parliament Street, New Delhi-01, Dated: 13th April, 2020 To All Stakeholders, Nodal Officers (IEPF) of Companies, All Regional Directors and Registrar of Companies Subject: Filings under section […]

Prudent management of financial resources of insurers amid Covid-19

April 13, 2020 714 Views 0 comment Print

The global macroeconomic outlook for current financial year 2020-21 has been adversely affected by COVID-19 pandemic which has impacted majority of countries in the world across the continents. The pandemic has cast its shadow across various economic activities with massive dislocation in global production, supply chains and trade.

Sovereign Gold Bond Scheme (SGB) 2020-21- Series I, II, III, IV, V, VI

April 13, 2020 7476 Views 0 comment Print

The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above

Tax Rate Option exercise by Employee for TDS on Salary & by Business

April 13, 2020 9684 Views 1 comment Print

An employee, having income other than the income under head profit and gains of business or profession and intending to opt for the concessional rate under section 115BAC of the Act, may intimate the deductor, being his employer, of such intention for each previous year and upon such intimation, the deductor shall compute his total income, and make TDS thereon in accordance with the provisions of section 11513AC of the Act. If such intimation is not made by the employee, the employer shall make TDS without considering the provision of section 115BAC of the Act.

Short deduction of TDS/TCS due to increase in rates of surcharge

April 13, 2020 4341 Views 1 comment Print

Several cases have come to the notice of the Central Government wherein deductors/ collectors were held to be an assessee in default for short deduction of TDS/short collection of TCS in cases where final transaction was done before laying of the Finance (No.2) Bill, 2019 in the Parliament, i.e. 5th July, 2019.

Maintain record of Clearance of goods without original hard copy of CoO: CBIC

April 11, 2020 843 Views 0 comment Print

iImport consignments, where a preferential treatment of goods under a Free Trade Agreement has been claimed but the original hard copy of CoO has not been submitted or only digitally signed copy or unsigned copy of CoO is submitted, may be assessed and cleared provisionally in terms of section 18 of the Customs Act, 1962. The final assessment may be done subsequently on submission of the original COO certificate by the importer.

COVID-19 related FAQs on Corporate Social Responsibility by MCA

April 10, 2020 10857 Views 1 comment Print

MCA vide General Circular No. 15/2020 dated 10th April 2020 has issued and published COVID-19 related FAQs on Corporate Social Responsibility (CSR). Major Update: ‘Chief Minister’s Relief Fund’ or ‘State Relief Fund for COVID-19’ is not included in Schedule VII of the Companies Act, 2013 and therefore any contribution to such funds shall not qualify […]

MCA allows companies to hold EGMs through VC or OAVM

April 8, 2020 47382 Views 1 comment Print

MCA allows  companies to hold Extraordinary General Meetings (EGMs) through VC or OAVM complemented with e-Voting facility/simplified voting through registered emails.

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