CS LALIT RAJPUT

He has contributed in ICAI, ICSI and MCCI and other various Newsletters. He is also a speaker at various platforms including seminars / webinars.

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AGM Extension: Draft Board Resolution

Draft Board Resolution for Extension of AGM EXTRACTS OF THE MINUTES OF THE  ………… (no. of meeting) MEETING OF THE BOARD OF THE DIRECTORS OF ……………………… LIMITED (THE COMPANY) HELD ON ………….DAY, ……………(date) AT …………(time) AM/PM AT THE REGISTERED OF THE COMPANY AT …………………………… The Chairman informed the Board that as our company having (mention …

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Income Tax: CBDT issued fresh guidelines under section 194S (6)

Income Tax: CBDT issued fresh guidelines under section 194S (6)– Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (TPL Division) File No. F. No. 370142/29/2022-TPL (Part-I) vide Income Tax Circular No. 13 of 2022 dated 22nd June, 2022 has released “Circular regarding Guidelines for removal of difficulties under sub-section …

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RBI Clarification on new MSME definition

Reserve Bank of India (RBI) vide Circular No. RBI/2022-23/52 FIDD. MSME & NFS.BC.No.7/06.02.31/2022-23 dated 19th May, 2022 has issued notification related to “New Definition of Micro, Small and Medium Enterprises – Clarification”. New Definitions – Enterprises-  (effective from 01.07.2020): Type (s) of Entity Criteria Micro enterprises where the investment in Plant and Machinery or Equipment …

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SEBI Nomination Scheme details for Mutual Fund

In order to bring uniformity in practices across all constituents in securities market, protect the interests of investors in securities and to promote the development of, and to regulate the securities market Securities and Exchange Board of India (SEBI) vide Circular No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82 dated 15th June, 2022 has issued notification related to Nomination for …

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SEBI Modified Cyber Security and Cyber resilience framework of Mutual Funds and AMCs

In order to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, Securities and Exchange Board of India (SEBI) vide Circular No. SEBI/HO/IMD/IMD-I/DOF2/P/CIR/2022/81 dated 09th June, 2022 has issued notification related to Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management …

SEBI Modified Cyber Security and Cyber resilience framework of Mutual Funds and AMCs Read More »

We are delighted to share our 79th E-Newsletter “Weekly Taxation Newsletter” dated 21st June, 2022 from 13st June, 2022 to 20th June, 2022 with you. This E - Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc.

Weekly Taxation Newsletter- latest tax news including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc

We are delighted to share our 79th E-Newsletter “Weekly Taxation Newsletter” dated 21st June, 2022 from 13st June, 2022 to 20th June, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, …

Weekly Taxation Newsletter- latest tax news including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc Read More »

Today’s MCA Tech Update- AO codes for PAN and TAN are different and can be found at links below

💡Today’s MCA Tech Update 🧾AO codes for PAN and TAN are different and can be found at links below. Please do not affix or suffix zeros to AO codes.💡AO Codes for PAN https://www.tin-nsdl.com/services/pan/pan-aocode.html💡AO Codes for TAN https://www.tin-nsdl.com/services/tan/tan-ao-code.html Example: AO code for PAN for Dilshad Garden area in Delhi is DEL W 64 1 while AO …

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Govt. Clearance is must for appointment as directors in Indian Companies

Govt. Clearance is must for appointment as directors in Indian Companies   Ministry of Corporate Affairs (MCA) vide Gazette Id no. CG-DL-E-01062022-236214 & F.No.1/22/2013-CL-V dated 01st June, 2022 has issued “the Companies (Appointment and Qualification of Directors) Amendment Rules, 2022” further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, in exercise of …

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MCA Amends Strike-off of Rules

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 Ministry of Corporate Affairs (MCA) vide circular / notification dated 09th June, 2022 has issued “Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022” further to amend the Companies (Removal of Names of Companies from the …

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STATUTORY TAX COMPLIANCE TRACKER – FOR JUNE, 2022

Statutory Tax Compliance Tracker –  for JUNE, 2022

1. Compliance requirement under Income Tax act, 1961   Sl.   Compliance Particulars   Due Dates   1 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month (May, 2022). 07.06.2022 2. ​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of April, 2022 …

Statutory Tax Compliance Tracker –  for JUNE, 2022 Read More »

CBDT: Functionality under section 206AB and 206CCA of the Income-tax Act, 1961

Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (TPL Division) vide Income Tax Circular No. 10 of 2022 dated 17th May, 2022 has released “Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961, which were inserted into the act by the Finance Act, …

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GST: Annual Aggregate Turnover (AATO) Functionality is live

The Goods and Service Tax Network (GSTN) vide a notification dated 02nd May, 2022 has enabled the functionality of Annual Aggregate Turnover (AATO) for the FY 2021-22 on taxpayers’ dashboards. Turnover, in common parlance, is the total volume of a business. The term ‘aggregate turnover’ has been defined in GST law as under: “aggregate turnover” …

GST: Annual Aggregate Turnover (AATO) Functionality is live Read More »

SEBI Simplifies of procedure and formats for issuance of duplicate securities certificates

SEBI Simplifies of procedure and formats for issuance of duplicate securities certificates In order to to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, Securities and Exchange Board of India (SEBI) on notification no. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 dated 25th May, 2022 has released issued a circular …

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SEBI released Consultation Paper on framework related entities having listed debt securities only

Securities and Exchange Board of India (SEBI) on 20th May,2022 has released Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’, The term, ‘arrangements’ has been defined as amalgamation, merger, demerger, etc. which are different from those filed under the Insolvency and bankruptcy code inasmuch that …

SEBI released Consultation Paper on framework related entities having listed debt securities only Read More »

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws

We are delighted to share our 75th E-Newsletter “Weekly Taxation Newsletter” dated 23rd May, 2022 from 15th May, 2022 to 22nd May, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, …

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws Read More »

Appointment of Cost Auditor – Quick Process

Cost audit applicability provisions are contained under rule 4 of the Companies (Cost Records and Audit) Rules, 2014. Section 148 of the Companies Act, 2013 contains provisions relating to the cost records and cost audit applicability under the Companies Act. The primary goal of cost audit is to ensure that the cost relating to production …

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COMPLIANCE MANUAL FOR PRIVATE LIMITED COMPANIES

COMPLIANCE MANUAL FOR PRIVATE LIMITED COMPANIES Quick E – Referencer !! Vol. 01/2022 Private Limited Companies in India are the most common type of legal entity that is preferred by millions of Indian Entrepreneurs and are governed by the Companies Act, 2013 under the Ministry of Corporate Affairs, widely known as MCA. The liability of …

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MANDATORY TO MENTION FSSAI LICENSE/REGISTRATIONNUMBER ON RECIEPTS/INVOICES/CASH MEMO/BILLS

Food Safety Regulations Circulars- Updates Compliance Management for May, 2022

Food Sector / Industry  in India The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. Food is as essential for living as air is for breathing. But food security means something more than getting two square meals. In India, the food sector has emerged as a …

Food Safety Regulations Circulars- Updates Compliance Management for May, 2022 Read More »

TODAY’S compliance income-tax and gst

Compliance requirements for the Month May, 2022 under various Statutory Laws,Compliance rules and regulations

About Article: This article contains various Compliance requirements for the Month of May, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ …

Compliance requirements for the Month May, 2022 under various Statutory Laws,Compliance rules and regulations Read More »

Statutory Tax Compliance Tracker –  for May, 2022

Statutory Tax Compliance Tracker –  for May, 2022 Compliance requirement under Income Tax act, 1961   Sl.   Compliance Particulars   Due Dates   1 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.   07.05.2022 2. Due date for issue of TDS Certificate for tax deducted under section 194-IA, …

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Guidance Note on disclosure of Related Party Transactions

Guidance Note on disclosure of Related Party Transactions

Guidance Note on disclosure of Related Party Transactions FAQs on RPT by SEBI Q1. What does ‘Where a transaction is undertaken between members of the consolidated entity (between the listed entity and its subsidiary or between subsidiaries), it may be reported once’ in point 2 of notes in new SEBI format, mean? Answer: All related …

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ESI Filings & Contribution due date Extended

Keeping in view the problems faced by employers, is now providing relaxation of time limit for depositing & filing ESI Contribution. Employees State Insurance Corporation (Ministry of Labour & Employment Govt. of India), Circular No. P-l l/12/Misc./l/2019(M)-Rev.II dated 13.04.2022 has decided to provide the Relaxation of time limit for depositing and filing ESI Contribution. Applicable …

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20% FDI in LIC without Approval – GOI Approved

20% FDI in LIC without Approval Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation under the ownership of Government of India. At present the Government holds 100% stake in LIC. The LIC is going for an offer for sale (OFS), i.e. IPO, by the Government of India. The Govt. …

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Partnership Deed Format- Word and PDF

FORMAT OF DRAFT PARTNERSHIP DEED in India This Deed of Partnership is executed on this the ………day of ………, 20……. by and amongst:- …………………….. S/o  ………………………..R/o ……………………………………..  (hereinafter referred to as party of the first part); AND ………………………… S/o  ………………………………R/o …………………… (hereinafter referred to as party of the second part). WHEREAS the parties above named …

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INCOME TAX RAID in Bengaluru

Income tax: 5 cash transactions that can attract INCOME TAX notice

Income tax: 5 cash transactions that can attract INCOME TAX notice This is in reference to the update regarding Income tax: 5 cash transactions that can attract I-T notice. The same is for your information purpose. One needs to remain alert while doing any kind of high value cash transaction because the Income Tax Department has become …

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TC VIP Users Premium Weekly Taxation Newsletter

Weekly Taxation Newsletter Period: 30.03.2022 to 10.04.2022 Weekly Taxation Newsletter Let’s Build Something Together Upcoming Due Dates WeeklyDepartmental updates Important Notifications & Circulars Important Case-laws International Taxation Corner (ITC) Knowledge bucket for NRI Brain Bites- Do you Know?