ROC

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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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LLP Form 8 Due Date Extended

LLP Form 8 Due Date Extended

Ministry of Corporate Affairs (MCA) vide General Circular No. 16/2021 dated 26.10.2021 has issued notification / circular and provided Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021. Notification text: This Ministry has received a representation seeking …

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Govt ‘not willing to interfere’ in affairs of NFRA and ICAI

Breaking- It is Not Within the Purview of NFRA to Recommend that Audit of Certain Categories of Companies is Not Required: ICAI President

In today’s message to members of ICAI, ICAI President has said that as per Companies Act 2013 and NFRA Rules, it is not within the purview of NFRA to recommend that audit of certain categories of companies is not required. He further stated that we are not communicated of any such thought process in the …

Breaking- It is Not Within the Purview of NFRA to Recommend that Audit of Certain Categories of Companies is Not Required: ICAI President Read More »

Vacancy At National Financial Reporting Authority (NFRA) https://www.livelaw.in/job-updates/legal-jobs-managerassistant-manager-vacancy-at-national-financial-reporting-authority-nfra-187092

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs)

A preliminary analysis has been done by National Financial Reporting Authority (NFRA) on the key financial parameters of the companies registered in India from their MCA-21 filings and it is found that the fees paid to auditors by a large majority of Micro, Small and Medium Companies (MSMCs) are way below what an audit, when …

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs) Read More »

Tax Concept

Team Tax Concept’s Initiative to Help India to Overcome Second Wave of COVID-19 Pandemic

Team Tax Concept’s Initiative to Help India to Overcome Second Wave of COVID-19 Pandemic: Make a donation to any organisation for COVID Relief and send us the proof of donation. In exchange, you can ask any legal queries related to Income Tax, GST and MCA. Please send the proof of donation at 7232812677 (Tax Concept) …

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Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

The Competition Commission of India (CCI) approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation. The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. …

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation Read More »

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

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 …

Tax Concept’s CA Heer Gajjar and CS Lalit Rajput Launches 23rd Edition of Weekly Taxation Newsletter. Readers Says This is Best Ever Edition Read More »

Tax Concept is Inviting Ideas/ Suggestions/ Proposals from Professionals Across the Country

Tax Concept is Inviting Ideas/ Suggestions/ Proposals from professionals across the country, so that we can submit these suggestions etc. to the Ministry of Finance on behalf of the Professional Community for the Union Budget 2021-22. The last date for the same is 25th November, 2020 (11.00 PM). To submit suggestions etc., please fill the …

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Corporate Compliance Calendar for the m/o August, 2022

Corporate Compliance Calendar – Nov. 2020 (Track due dates)

Corporate Compliance Calendar – Nov. 2020  (Track due dates) About Article : This article contains various Compliance requirements for the Month of November, 2020 under 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 …

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SEBI SETTLEMENT SCHEME

SEBI SETTLEMENT SCHEME 2020

SEBI Settlement Scheme 2020- One – time Settlement Scheme Securities Exchange Board of India (SEBI) vide Public notice dated 27thJuly, 2020 has issued Public notice in respect of SEBI-Settlement Scheme 2020 to provide one time settlement opportunity to the entities that have executed trade reversals in the stock options segment of BSE during the period …

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Corporate Tax in Dubai : An Overview

CORPORATE TAX IN DUBAI : AN OVERVIEW

Corporate Tax in Dubai : An Overview Dubai, a major business center in the Middle East has been treated as a tax haven for the Investors / Businessmen. The Taxation system is very satisfactory for the Businessmen and Investors. The corporate tax is set at a maximum rate in the oil and bank sectors in …

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HIGHLIGHTS OF "AATMA NIRBHAR ECONOMIC PACKAGE" : PART-5

HIGHLIGHTS OF “AATMA NIRBHAR ECONOMIC PACKAGE” : PART-5

Highlights of “Aatma Nirbhar Economic Package” : Part-5 KEY HIGHLIGHTS : Today’s steps will focus on these seven areas : > MGNREGA > Health and Education > Businesses and Covid > Decriminalization of Company’s Act > Ease of doing business > Public Sector Enterprises and related matters > State governments and resources related to state …

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TAX DEFAULTERS BE ALERT

TAX DEFAULTERS BE ALERT : TAX DEPARTMENT IS NOT ON LEAVE

Tax Defaulters Be Alert : Tax Department is Not on Leave Key highlights > Tax department is not silent during COVID-19 ; > CBDT asked officers to not issue notices for now ; > Collect data that will help settle pending litigation ; > Using the lockdown to build stronger cases against defaulters. Overview Due …

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SUGGESTIONS ON “HOW TO REVIVE POST COVID-19 INDIAN ECONOMY”

I am contributing my suggestions on “How to Revive Post COVID-19 Indian Economy” : 1.) The Government has to take strong measures to boost liquidity in the Market. 2.) To start stabilizing the economy, there should be gradually lifting of the lockdown. 3.) Invite Foreign Companies to invest and to start their units in India …

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MEASURES TO REVIVE INDIAN ECONOMY FROM CORONA VIRUS (COVID-19) IMPACT

Coronavirus outbreak was first reported in Wuhan, China on 31 December, 2019 and spread throughout world by the end of March 2020 with the number of COVID-19 cases leaning dangerously more than 29,00,000 and the worldwide death toll crossing more than 2,00,000 till the date of writing of this article. The World Health Organization (WHO) …

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COMPARISON BETWEEN CARO 2016 AND CARO 2020

I’m presenting my first article on the topic “Comparison between CARO 2016 and CARO 2020” I’ve briefly specified the subject matter of each clause and the corresponding clause, of that respective matter, in CARO 2016. I’m attaching the link at the end for detailed differences between the both. I hope this article would be of …

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MCA

DECODING MCA RELAXATION ON HOLDING OF AGM BY COMPANIES

Overview : > Holding of annual general meetings by companies whose financial year has ended on 31st December, 2019. > Ministry of Corporate Affairs vide General Circular No. 18/2020, F. No.2/4/2020-CL-V dated 21st day of April, 2020 has issued Clarification on Holding of annual general meetings by companies whose financial year has ended on 31st …

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MCA

MCA ISSUES COVID-19 RELATED FAQs ON CSR CONTRIBUTION

The Ministry of Corporate Affairs vide General Circular No. 15/2020, F. No. CSR-01/4/2020-CSR-MCA dated 10th April, 2020 has issued and published COVID-19 related Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR). Major Update : “‘Chief Minister’s Relief Fund’ or ‘State Relief Fund for COVID-19’ is not included in Schedule VII of the Companies Act, …

MCA ISSUES COVID-19 RELATED FAQs ON CSR CONTRIBUTION Read More »

GOVT. TO ISSUE INCOME TAX AND GST REFUNDS IMMEDIATELY

Government of India Ministry of Finance Department of Revenue New Delhi, the 08th April, 2020 In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would …

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COMPLIANCE RELIEFS IN THE WAKE OF COVID-19 PANDEMIC

To ease the compliance related to Taxation/MCA, our Hon’ble Finance Minister of India Smt. Nirmala Sitharaman has announced major relevant measures, on 24th March, 2020, to fight against the COVID-19 pandemic. Let’s begin with it. COVID-19 The Invest India Business Immunity Platform is launched to help businesses and investors withstand COVID-19, by getting real-time updates …

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MCA

RE-ACTIVATION OF DEACTIVATED DIN AND ACTIVE NON-COMPLIANT COMPANIES WITHOUT PENALTY

MCA update for Non Active Director due to non filing of DIR-3 KYC Dated : 31.03.2020 DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification (ACTIVE) eform are encouraged …

RE-ACTIVATION OF DEACTIVATED DIN AND ACTIVE NON-COMPLIANT COMPANIES WITHOUT PENALTY Read More »

RELAXATION IN TAXATION, MCA DUE TO COVID-19

INCOME TAX (1.) Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. (2.) Aadhaar-PAN linking date to be extended from 31st March, 2020 to 30th June, 2020. (3.) Vivad se Vishwas scheme – no additional 10% amount, if payment made by June 30, 2020 (4.) Due …

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RAJASTHAN LOCKED DOWN TILL 31st MARCH TO PREVENT COVID FROM SPREADING

Rajasthan Chief Minister Ashok Gehlot on Saturday directed a “complete lockdown” in the state, except for essential services, till March 31. There will be a “complete lockdown”, barring essential and medical services, in Rajasthan from March 22 till March 31 to contain the spread of novel coronavirus and keep people safe, Ashok Gehlot said in …

RAJASTHAN LOCKED DOWN TILL 31st MARCH TO PREVENT COVID FROM SPREADING Read More »

MCA

ALERT : MCA AMENDS PROVISIONS RELATED TO NIDHI COMPANIES

 OVERVIEW : Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). WHY AMENDED : > To make regulatory regime for Nidhi Companies more effective and > Also to accomplish the objectives of transparency & > Investor friendliness in corporate environment of the country. Define …

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INITIATIVE TO BOOST MSMEs BY THE MINISTRY OF MSME

Ministry of Micro, Small and Medium Enterprises (MSME) vide press release dated 16.03.2020 and Release ID: 1606525 addressed issues related to delayed payments of Micro, Small and Medium Enterprises (MSMEs). Following steps has been taken by the Ministry : (1.) Setting up of MSEFCs : Micro and Small Enterprises Facilitation Councils (MSEFCs) have been set …

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CORONA : THE COLLAPSE OF ECONOMY

Have you heard a saying by Vladimir Lenin which says that, “There are decades where nothing happens and there are weeks where decades happens.” We all cannot deny that the past few weeks have witnessed a downfall in the global economy, Can we? The outbreak of COVID-19 has undoubtedly created a dent in the global …

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