Companies (Specification and definitions details ) 2nd Amendment Rules 2021
New Definition of “listed company” The private or public company which do not have equity shares listed on recognized stock exchange but have other securities listed by way of private placements are kept out of preview of listed company status The public company has equity listed in Foreign jurisdiction but do not have equity shares…
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All about Section 8 Company Eligibility to Apply for Section 8 Company
An individual or an association of individuals are eligible to be registered as Section 8 Company if it holds below-mentioned intentions or objectives. The objectives have to be confirmed to the satisfaction of the Central Government. There is no minimum or maximum prescription for Directors in section 8 company. When the company intends to promote…
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MCA Update for LLPs
Stakeholders are hereby informed that the Central Government, in Ministry of Corporate Affairs, under section 67(1) of LLP Act, 2008 will be extending. Sub- sections (1) to (11) of section 90-Register of significant beneficial owners in a companySub- sections (1) and (2) of section 164-Disqualifications for Appointment of Director/DPSub-sections (1) and (3) to (6) of…
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Over Rs 26k crore MSME dues cleared during May-Dec 2020 but govt can’t force buyers to pay: MoS Finance
Credit and Finance for MSMEs: 4,72,035 invoices involving Rs 10,285 crore were discounted via TReDs platform from April till December 2020. TReDs allows MSMEs to discount their invoices and raise short-term credit from banks to tide over their delayed payment issue. Central ministries and central public sector enterprises (CPSEs) have cleared MSME dues worth Rs…
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Tax Concept’s CA Heer Gajjar and CS Lalit Rajput Launches 23rd Edition of Weekly Taxation Newsletter. Readers Says This is Best Ever Edition
Tax Concept’s CA Heer Gajjar and CS Lalit Rajput Launches 23rd Edition of Weekly Taxation Newsletter. Readers Says This is Best Ever Edition On 15th February, 2021, CA Heer Gajjar and CS Lalit Rajput launches 23rd edition of Weekly Taxation Newsletter for ease of understanding of professionals. This newsletter contains relevant taxation due dates, tax…
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MCA Relaxations due to covid-19 Pandemic
MCA amended Companies Act 2013 to mitigate blow by COVID-19 pandemic
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New Central Sector Scheme titled ‘Formation and Promotion of 10,000 Farmer’s Produce Organisation launched
The Ministry of Agriculture has said that the government has launched a new Central Sector Scheme titled ‘Formation and Promotion of 10,000 Farmer Produce Organizations (FPOs)’ and it has committed resources in this regard with a budgetary provision of Rs 6,865 crore. The Ministry in a statement said that FPOs are to be developed to…
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Various schemes launched by Government during COVID-19 pandemic for companies
The Ministry of Corporate Affairs (MCA) administers the provisions of the Companies Act, 2013 (herein after called as the Act) and the Limited Liability Partnerships (‘LLPs’) Act, 2008 and the Insolvency and Bankruptcy Code (IBC), 2016. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a…
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Analysis of Proposed Amendments in Union Budget 2021-22
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for Aatma Nirbhar Bharat, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. She said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others.
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