We have sent out quiet a few mailers intimating you about the daily penalty imposed by the regulator for delay in Annual filings which will result in a huge financial burden on the company. We now want to highlight a few more practical issues faced in the process. Requirements for Annual Filings as per the …
Daily Penalty Imposed For Delay In Annual Filing and Consequences For Non-filing Read More »
The Hon’ble President has given his assent for promulgation of the Companies Amendment (Ordinance), 2018 with effect from Friday 2nd November, 2018 with a dual objective of promoting ease of doing business and better corporate compliance. The key highlights of Companies (Amendment) Ordinance, 2018 for Corporates are as summarised below. The amendments mainly aim to bring about: …
Companies (Amendment) Ordinance, 2018 – Highlights Read More »
DCS /COMP / 28 / 2016-17 – March 30, 2017 :- MANDATORY FILING OF FINANCIAL RESULTS IN XBRL MODEBSE has vide its Circulars dated November 30, 2015, March 11, 2016, March 16, 2016 and January 18, 2017 intimated the listed companies regarding mandatory filing of information with the exchange in electronic mode. BSE has now with …
RBI/2016-17/316 – A. P. (DIR Series) Circular No.47 – Issuance of Rupee denominated bonds overseas.RBI has laid down framework for issuance of Rupee denominated bonds overseas (Masala Bonds). With a view to harmonize various elements of the ECB framework, it has been decided that any proposal of borrowing by eligible Indian entities by issuance of …
General Circular 04/2017- Clarification regarding applicability of section 16(1)(a) of the CA 2013 with reference to cases under corresponding provisions of Companies Act, 1956.It has been clarified that the applications that were rejected by Regional Directors under section 22(1)(ii)(b) of the Companies Act,1956, on the ground that such applications were made after the requisite period …
Hello Everyone, GST- The Game changer for E-Commerce sector has paved its way for implementation from 1st July 2017. Migrating to Goods and Services Tax (GST) is a time to revisit the taxation policies and remove the anomalies. Goods and Services Tax (GST) is expected to provide the much-needed stimulant for economic growth in India …
INSOLVENCY AND BANKRUPTCY CODE, 2016The Insolvency and Bankruptcy Code, 2016 (“Code”) offers a uniform comprehensive insolvency legislation to Corporations, Firms and Individuals (other than financial firms).One of the fundamental features of the Code is that it allows creditors to assess the viability of a debtor as a business decision, and agree upon a plan for …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5th May 2017 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th May 2017 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th May …
National Company Law Tribunal (NCTL), Hyderabad Bench, ADMITTED THE PRESENT PETITION with certain declaration/directions pursuant to Section 140 of the Companies Act, 2013 (“the Act”) read with Rule 78 of the National Company Law Tribunal Rules, 2016. (Re: [2017] 138 CLA 188 (NCLT) in CP No. 21/140/HDB/2016 19 of 2013). Parties to the Case:SPC & …
Non – Ratification/ Removal Of The Auditor Without Prior Notice Read More »
The Ministry of Statistics and Programme Implementation (“MOSPI”) came into existence as an Independent Ministry on 15.10.1999 after the merger of the Department of Statistics and the Department of Programme Implementation. The Ministry has two wings, one relating to Statistics and the other Programme Implementation. The Statistics Wing called the National Statistical Office (NSO) consists …
The Collection of Statistics Act 2008- A Bird’s-Eye View Read More »
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