The concept of Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders / members of the Company to discuss the future of the Company and also company’s…
NOTIFICATIONS Amendment in Rule 67A of the CGST Rules, 2017 to include GSTR-1 filing through SMS Rule 67A of the CGST Rules, 2017 has been amended to include GSTR-1 within the facility of filing returns through SMS. Now, both GSTR-1 and GSTR 3B (when Nil)…
These days many of the Start-Up Companies are being incorporated and they might forget to Pay Stamp Duty on the Shares Issued to its subscriber or further allotment of shares if they have a professional hired they might get this done but if not they…
SEBI (Investment Advisers) (Amendment) Regulations, 2020 Securities Exchange Board of India (SEBI) vide Press Release No. PR No.37/2020 dated 03rd July, 2020 has come out with Amendments to SEBI (Investment Advisers) Regulations, 2013 with an aim to strengthen the regulatory framework for investment advisers. In January, 2020, SEBI…
NOTIFICATIONS Extended time period allowed to issue removal of difficulty order Time limit to issue removal of difficulty order, to remove any difficulty arising in giving effect to any provisions of the CGST Act, 2017, in terms of Section 172 of the Act has been…
Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year if return for the month of May, June and July 2020 is not furnished by due date but furnished by 30th September 2020 then Maximum Late Fess: shall be…
MCA prescribes the format of indemnity bond for application for striking off name of a Government Company Ministry of Corporate Affairs vide notification dated 29th June, 2020 has amended the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 to provide…
What is contravention and compounding of contravention? Contravention is a breach of the provisions of the Foreign Exchange Management Act (FEMA), 1999 and rules/ regulations/ notification/ orders/ directions/ circulars issued there under. A voluntary process by which an entity committing a contravention can make an…