As per Companies Act, 2013 every Company have to file e-form MGT-7 within 60 from the date of Annual General Meeting AGM and AOC-4 required filing with ROC within 30 from the date of AGM. Below we will discuss the consequences of non filing or delay in filing of e-form MGT-7 (Annual Return) and e-form AOC-4 (Filing of Financial statement).
Company have to file un-audited/provisional financial statement within 30 days of AGM and have to file audited financial statement once such statement is approved by the shareholders in the adjourned AGM.
GST is a destination based consumption tax which is a major departure from existing origin based taxation system. Under destination based taxation system broadly tax will accrue to the location/state which is determined as place of supply under GST.
It is seen that upon receipt of certified copies of answer books, some candidates notice that in some papers, marks awarded to them on the answer books are at variance with those on the statement of marks issued to them and seek clarifications.
17.10.2016 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board – (17-10-2016) 1. The Council of the Institute of Chartered Accountants of India had issued Accounting Standard (AS) 21 ‘Consolidated Financial Statements’ which was subsequently notified as a part of the Companies (Accounting Standards) Rules, 2006 […]
During last 5 decades law relating to works contract is driven more by judicial pronouncements & GST is opportunity for legislature to end uncertainty.
Ashok Kumar Chopra The 101 Constitutional Amendment Bill 2016 which is very popularly known as 122nd Constitutional Amendment Bill as passed by Rajya Sabha on 3rd August 2016 after waiting for more then a year when it was sent to it for passage. Certainly this day has become a red letter day in the history […]
Article explains Excel SUMIFS function in 5 different scenario from basic to advance. SUMIFS formula extends abilities of SUMIF function
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988. The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org.
Senior BJP leader Subramanian Swamy declared on Twitter that if government not removes private companies from Goods Services Tax Network (GSTN) than he would go ahead with a Public Interest Litigation (PIL) against the Central Government. Swamy tweeted on his twitter Handle @Swamy39 that, he will wait till October 31 for the government to act, failing which he will go ahead with a PIL to challenge the government in allowing ownership of private companies in the Goods Services Tax Network (GSTN).
