Financial creditors realise 221% of liquidation value and 51% of admitted claims through corporate insolvency resolution process As per inputs received from the Ministry of Corporate Affairs (MCA), corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC), was initiated by banks in the 12 large accounts that were referred by the […]
More than 3.82 lakh companies struck off till financial year 2020-21 in Special Drives taken by Registrar of Companies Under the Special Drives taken by Registrar of Companies, 3,82,875 number of companies ware struck off u/s 248 (1) of the Companies Act till the financial year 2020-21. This was stated by Union Minister of State for […]
To mitigate the hardship of the students who are sitting in the aforementioned examinations and simultaneously pursuing Chartered Accountants Foundation Course Examination, May 2022, it has been decided to re-schedule the dates of Foundation Course Examination, May 2022.
Central Board recommended 8.10% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2021-22. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into its subscribers’ accounts.
CCI disposes off 1046 cases out of 1180 cases received under Sections 3 & 4 as on 28.02.2022 The Competition Commission of India (CCI) has received cases against companies (including e-commerce companies) for alleged abuse of dominant position and anti-competitive practices. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit […]
The Department of Pharmaceuticals extends the date of receipt of applications for the vacant slots under Production Linked Incentive (PLI) scheme for Bulk Drugs till the end of March 2022 from the previous deadline of 13.03.2022 Under two rounds of inviting applications, a total 49 projects have been approved so far for 33 critical APIs […]
GST reduced from 18% to 5% for domestic Maintenance, Repair and Overhaul (MRO) services The average number of the passenger carried in the pre-Covid financial year (2019-20) was around 4 lakh per day. On 6th March 2022, domestic airlines in India carried around 3.7 lakh passengers. The number of daily air passengers may cross pre-COVID […]
Certain Stakeholders have raised concerns over Associating DSC in V3. They are advised to follow the below simple steps: (1) You can associate your DSC as a Business user in V3. (2) Login using your credentials. (3) Go to MCA Services ->FO LLP Services – >Associate DSC (4) Download & run ’embridge’ – 2nd option […]
MCA FILING UPDATE 1. In Google Chrome, the MCA site crashes. 2. Instead of using Internet Explorer, please utilize Firefox. 3. There are a few bugs in Associate DSC. 4. Please raise tickets right once if you find any errors. 5. In the event of challan issues, save the form, then go to Track SRN, […]
KSCAA has made a Representation on Challenges in Income Tax Related to Rectification Proceedings, Order Giving Effect, Delay in Processing Of Refund, Delay In Processing Lower Deduction Certificates and Delay in Tax Residency Certificates (TRC) with possible solutions to Principal Chief Commissioner of Income Tax, Karnataka & Goa. Date: 10th March, 2022 To, The Principal Chief […]
