MCA: Extension of time given to hold AGM for FY 2019-20
On September 8, 2020, the Ministry of Corporate Affairs (MCA) gave a major sense of relief to about 12 lakhs Companies by extending the...
SEBI: Issued Circular on Provision regarding Segregation of Portfolios in the Covid-19 pandemic state
Because of the Covid-19 pandemic situation which the country is facing, the Securities Exchange Board of India (SEBI) released a circular regarding the Provisions...
MCA: Released Notification for Companies are not required to attach extract of Annual Return.
Ministry of Corporate Affairs released a notification on August 28, 2020, for making amendments in the Companies (Management and Administration) Rules, 2014 which should...
Ind AS’s New Compendium released by ICAI.
The Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) released a notification on 25th August 2020 which notified some critical...
RBI: Extension for 3 months given to UCBs for Submission of Returns.
Reserve Bank of India released a notification on August 26, 2020, which stated that the date for Submission of returns by the primary (urban)...
M.C.A. Amends Schedule VII of Companies Act, 2013.
On Monday the Ministry of Corporate Affairs (MCA) amended the Schedule VII of Companies Act, 2013 which included that more entities engaged in research...
RBI: Clarifies New Definitions of Micro, Small and Medium Enterprises
The Reserve Bank of India (R.B.I.) on August 21, 2020, released a notification to clarify some issues for which IBA and bank's representation approached...
CBIC: Deferred Import Duty payment without Intimation Benefit is available for Eligible Importers
On 19th August 2020, the Central Board of Indirect Taxes And Customs (CBIC) released a notification No.79/2020-Customs (N.T.) which notified the Deferred Payment of...
UIDAI’s Aadhar Authentication Service undertaken by 24 Insurance Companies notifies Govt.
On Wednesday the Central Government released a notification which notified the reporting entities to comply with standards of privacy and security under the Aadhaar...
Framework for Authorisation of Pan-India Umbrella Entity for Retail Payments released by RBI
Reserve Bank Of India (RBI) on Tuesday published the framework for authorisation of pan-India Umbrella Entity for Retail Payment Systems. RBI in its draft...
RBI releases a Review of Guidelines for Core Investment Companies.
Reserve Bank of India (RBI) on Thursday released a Review of Guidelines for Core Investment Companies which talks about risk management, corporate governance and...
Updates that Matter (UTM – No. 42)
We are pleased to update you vide UTM’s (Key Update Alerts). Please find hereunder our “Updates that Matter (UTM # No. 42)”,
A. GST –Guajarat...
10 Major Changes in CARO, 2020 vs CARO, 2016 in Fastrack Summary
As you would be aware, Companies (Auditor’s Report) Order 2020 or CARO 2020 has been notified by MCA, applicable with effect from 25th February, 2020....
Independent Director Registration – A Detailed Guide on Step by Step Process, Law and...
{UPDATE ALERT} MCA Relaxed Examination Criterion for Experienced Director's vide Notification Dated 28th Feb, 2020 - For Details read Comment Box Below the Post.
With...
Government allows 100% FDI in coal mining
Union Minister of Railways and Commerce Piyush Goyal announced the approval of 100 per cent Foreign Direct Investment (FDI) in coal mining and associated infrastructure while...
New CSR Amendment 2019 – No More Comply or Explain, It is Comply or...
On 31 July 2019, the Companies (Amendment) Act 2019 (Amendment) received assent of the President of India. On the one hand, the Amendment retains...
How Long Books of Accounts Must be Preserved In India
Books of Accounts are required to be maintained mandatorily in several cases viz, if you a company registered under companies act or you are...
Why DPT-3 Due Date ’30th June’ is not as per Companies Act?
As per Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 : A return in Form DPT-3 on or before the 30th day of...
Why A LLP Not Allowed to DO Manufacturing Business by MCA?
UPDATE - 17th APRIL, 2019 - MCA HAS WITHDRAWN THE OFFICE MEMORANDUM (MENTIONED BELOW) W.E.F 17TH APRIL, 2019 THEREBY GIVING END TO CONFUSION.
So we...
MCA Extends DPT-3 Due Date and Reporting Period
As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 "every company other than Government company shall file a onetime return...
Government Bans Unregulated Deposits – High Impact Ordinance
The Government has issued The Banning of Unregulated Deposit Schemes Ordinance 2019 on 21.02.2019. Pursuant to this ordinance now any Individual or group of individuals...
Big Relief for Disqualified Directors by Gujarat HC
Quick Case Summary {Gaurang Balvantlal Shah vs Union of India} Section 164(2) which had come into force from 1-1-2014 would have prospective and not retrospective...
ICSI Releases Guidance Note on Dividend
The Institute of Company Secretaries of India has released a Guidance Note on Dividend. This Guidance note sets out the explanations, procedure and practical...
New Companies Act will Allow ROC At Your Doorstep & ERA of Commencement Procedure...
Section 12 (9) to be inserted vide Companies (Amendment) Bill, 2018 currently tabled at Lok Sabha says that:- "If the Registrar has reasonable cause...
AOC-4 & MGT-7 Due Date Extended to 31.12.2018
AOC-4 & MGT-7 Due Date Extended to 31.12.2018
The Due Date for Annual Return under ROC i.e. AOC-4 and MGT-7 has been duly extended to...
New Financial Reporting Format of NBFC’s
SCHEDULE III OF THE COMPANIES ACT, 2013 - BALANCE SHEET - AMENDMENT IN SCHEDULE III
NOTIFICATION , DATED 11-10-2018
In exercise of the powers conferred by sub-section...
NFRA – The Auditor’s BOSS Active w.e.f 24th October, 2018
Vide Notification dated 24th October, 2018, the Ministry of Corporate Affairs has activated the provisions of Section 132 pursuant to which the National...
How To File For Condonation of Delay Scheme, 2018 For Disqualified Companies / Directors...
How To File For Condonation of Delay Scheme, 2018 For Disqualified Companies / Directors - Come Out Clean or Repent !
Whereas, companies registered under the Companies Act,...