The lush green garden laden with a variety of plants and shrubs, fruit bearing trees and flowering plants of various hues seems history now. As I sit in my drawing room overlooking the stretch that was once a soft Mexican grass lawn, I feel sad. There is rubble, brick and mortar, soil and sand, logs of wood, electrical wires, tiles and many such inanimate things spawn all around. While many pots and holders were shifted out to safer places, many others couldn’t be saved. The guava tree, chikoo tree, coconut tree and several other older and stronger ones have survived the onslaught of the ongoing construction and continue to stand tall. Braving their lives are the rexora flowers, colourful hibiscus, the wilting rose creepers and the cheerful crotons. All crying out ‐ WE ARE DOWN BUT NOT UNDER !
Resource Center Archives
- Rules on strike-off of Companies – Amended
- IND AS Amendment Rules
- Extension for filing and additional fee relaxation for forms rolled out in MCA V3 – Feb 07, 2023
- Extension for filing and additional fee relaxation for forms rolled out in MCA V3 – Feb 21, 2023
- Submission of forms in physical mode to RoC
- Mega amendment notifications
- 15 days extension for filing and additional fee relaxation for 45 forms rolled out in MCA V3
- Form GNL-2 and MGT-14 can be physically submitted
- Roll out of forms on MCA V3
- Companies (Registered Valuers and Valuation) Rules, 2017 – Amended
- CSR Rules – Amended
- Definition of Small Companies – scope widened
- Clarification on Sch III amendments and AOC-4 filing
- DIR-3KYC verification – due date extended
- Books of Accounts in Electronic Mode
- Physical verification of Registered Office by ROC
- Notice for Strike off of Companies
- MCA21-V3 for Companies Forms
- Contribution to “Har Ghar Tiranga” campaign – eligible CSR activity
- Security clearance required for appointment of Director or for DIN application
- One more resubmission available for Form STK-2
- Restoration of name in ID Data Bank
- No additional fees for event based LLP Forms and LLP Form 11
- Due date for filing Form CSR-2 – extended upto 30.06.2022
- Companies (Share Capital and Debentures) Amendment Rules, 2022
- Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022
- Clarification for holding of AGM through VC up to 31.12.2022
- Clarification for Holding of EGM through VC up to 31.12.2022
- Companies (Incorporation) Second Amendment Rules, 2022
- Form 11 LLP- Relaxation of additional fees
- Personal information from Registers and Return made unavailable for inspection and extracts
- Extension of due date – CSR-2 and implementation of accounting software with audit trail
- Nidhi (Amendment) Rules, 2022
- Banking Companies exempted u/s 77 from filing Form CHG-1 in certain cases
- LLP (Second Amendment) Rules, 2022
- Ind AS standards amended as part of Annual Improvements to Ind AS (2021)
- Guidelines on LEI – applicability revised
- LLP Amendment Act, 2021 – notified
- LLP (Amendment) Rules, 2022
- Certain sections of CA2013 made applicable to LLPs
- Report on Corporate Social Responsibility in Form CSR-2
- Relaxation on levy of additional fee for annual filing
- Applicability of higher additional fee [Notification No. S.O. 147(E) dtd. 11.01.2022]
- Applicability of higher additional fee [Notification No. S.O. 148(E) dtd. 11.01.2022]
- Higher additional fees for delayed filing of Forms w.e.f. 01.07.2022 [Notification No. G.S.R. 12(E) dtd 11.01.2022]
- Relaxation on levy of additional fees for Annual Filing Forms
- Clarification for holding of AGM through VC up to 30.06.2022
- Clarification for holding of AGM through VC up to 30.06.2022-2
- Clarification for Holding of EGM through VC up to 30.06.2022
- DINs disqualified from Nov 2016 de-flagged by MCA
- IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021
- Relaxation of additional fee for Annual filing forms
- Relaxation of additional fee for filing FORM-8 for LLPs
- Extended due date for filing form CRA-4
- Extended due date for filing form CRA-4
- Extended period for holding AGM till 30th November
- Requirement criteria for completion of online proficiency test for IDs – revised
- Annual Report on Capacity Building of Independent Director
- FAQs on CSR
- COVID-19 vaccination for non-employees eligible as CSR expenditure
- Exemptions for foreign Cos in IFSCs located in SEZs
- Exemptions for foreign Cos in IFSCs located in SEZs
- Rectification of name of Company – No more fine for default
- New name allotted by CG – Default u/s 16
- Relaxation of levy of additional fee upto 31.08.2021
- Relaxation of time for filing Charge forms (creation or modification)
- Increased threshold limits for SMCs – Companies (Accounting Standards) Rules, 2021
- The Companies (Indian Accounting Standards) Amendment Rules, 2021
- EGMs through VC/OAVM – extended till 31.12.2021
- Fee for renewal of name in ID data bank
- No restriction on matters that can be dealt with in VC / OAVM BMs
- Registration for Shops & Establishment Act to form Part of Incorporation
- Clarification on offsetting the excess CSR spent for FY 2019-20
- MCA 3.0
- Relaxation of levy of additional fee upto 31.07.2021
- Relaxation of time for filing Charge forms (creation or modification)
- Time gap between 2 Board Meetings – extended by 60 days
- Eligible CSR Activities
- Eligible CSR Activity to include setting up of COVID care facilities
- Accounting software capable of maintaining edit log – applicable from 01.04.2022
- Accounting software capable of maintaining edit log – applicable from 01.04.2022
- Broadened scope of reporting by auditors in audit report
- Reduced offer period for Rights Issue
- Definition of listed companies – Amended
- Producer Companies Rules, 2021
- Producer Companies Rules, 2021
- Penalty sections applicable to LLPs
- Small Company – Definition amended
- OPCs made more attractive
- Merger / amalgamation of Small companies and start ups – now allowed
- GMs through VC / OAVM – Extended
- GMs through VC / OAVM – Extended
- VC Board Meetings for all agendas – Extended upto 30.06.2021
- Awareness campaigns for COVID-19 vaccination programme – Valid CSR expense
- Form CFSS-2020
- Companies (Amendment) Act, 2020 – decriminalisation provisions effective
- Additional fee for extended validity for Name Reservation
- Relaxation in proficiency test for ID
- e-form SH-7 revised
- CARO 2020 deferred to 01.04.2021
- Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020
- Revised guidelines for issuing DSCs
- LLP Settlement Scheme- Extended
- Offer / invitation of securities to QIBs
- Companies (Amendment) Act, 2020
- Companies FreshStart 2020 (filing of e-forms additional filing fee)
- LLP Settlement Scheme, (filing of e-forms without additional filing fee)
- Charge Scheme (filingforms for creation and modification of charge without filing fee)
- EGMs through VC / OAVM
- BM through VC/ OAV (for all agendas)
- Registration as ID on IICA data bank
- Creation of Deposit Repayment Reserve for 20% of deposits maturing during the FY 2020-21 Deposit Repayment Reserve for 20% of deposits maturing during the FY 2020-21
- To invest or deposit at least 15% of amount of debentures maturing in specified methods of investments
- Due date for submission of Cost Audit Report & filing of Form CRA-4 – Extended
- CNs – can be repaid / converted into equity shares within 10 years now!
- Extension for holding AGM for FY 2019-20 up to 31.12.2020
- No extension of time for holding AGM unless applied for
- No extension of time for holding AGM unless applied for!
- CSR contribution to AYUSH, CSIR & R&D projects
- Amendments to CSR Rules, 2014
- Amendments to IND AS
- Amendments to IND AS
- Extension of due date – Form NFRA-2
- Amendments to Schedule VII – CSR contribution
- Extension of names reserved and resubmission of forms
- Strike off of Government Co.- Indemnity Bond
- Amendments to MSMED Act
- Relaxation of time for filing Charge forms (creation or modification)
- Amendments to MSMED Act
- Extension of names reserved and resubmission of forms
- Extension of due date- creation of DRR and to invest / deposit amount debentures
- Inclusion of name in data bank for Independent directors – extended
- VC Board meetings can now be held for all agendas upto 30.09.2020
- EGMs through VC or OAVM – Extended
- Relaxation of time for filing Charge forms (creation or modification)
- Sweat Equity and Debentures issue – Amendments
- Extended time for Name reservation and re-submission of Forms
- Addition of “PM CARES Fund” to Schedule VII of Companies Act, 2013
- Inclusion of name in data bank for Independent directors
- Extension of due date – Form NFRA-2
- AGM through VC or OAVM
- Note on AGM through VC or OAVM
- Extension of names reserved and resubmission of forms
- Extension of due date for holding AGM – Companies having FY ended 31.12.2019
- EGM through VC or OAVM
- EGM through VC or OAVM Note
- Eligibility of CSR expenditure for COVID related activities
- Relaxation of additional fee for various IEPF filings
- LLP Settlement Scheme, 2020 – Modified
- Companies fresh start scheme, 2020
- Special measures for companies and LLPs
- VC Board meetings can now be held for all agendas
- Extension of due date for Annual filing – UT of J&K and Ladakh
- PM CARES – CSR funds for COVID-19
- LLP Settlement Scheme
- Exemption to Government companies
- Protection from proceedings against ID and NEDs
- Clarification for certain MCA filings under IBC, 2016
- Extension of due date – Form NFRA-2
- Companies (Appointment and Qualification of Directors) Amendment Rules, 2020
- CARO, 2020
- MCA filings by IPs, IRPs and RPs
- NIDHI companies
- Companies (Accounts) Amendment Rules, 2020
- Nidhi (Amendment) Rules, 2020
- Extension of due date- Form AOC-4 and MGT-7 for UT of J&K and Ladakh
- NCLT (Amendment) Rules, 2020
- Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020
- Condonation of delay for LLPs
- SPICe+ – comprehensive form for Company incorporation & other registrations
- Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020
- Extension of due date- Form BEN-2 and BEN-1
- Companies (Winding Up) Rules, 2020
- Extension of due date- AOC-4 NBFC (Ind AS) and AOC-4 CFS NBFC (Ind AS)
- Highlights of the announcements by the Finance Minister – 13.05.2020
- Highlights of the announcements by the Finance Minister – 13.05.2020 – (containing revised TDS & TCS rates)
- Note on Highlights of the announcements by the Finance Minister – 13.05.2020
- FEM (Non-debt Instruments) (Second Amendment) Rules, 2020
- FDI from China and other countries under Approval route
- FDI from China and other countries under Approval route
- Extended time line for keeping Small accounts operational
- Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Amendment) Rules, 2020
- E- filing under DRT
- Formulation of price bands for the first day of trading pursuant to IPO, re-listing etc. in normal trading session
- Advertisement code for RAs and IAs
- Usage of Brand Name / Trade Name by IAs or RAs
- Operational Guidance on amendments to SEBI Buy-Back Regulations
- Book closure and record date reporting on NEAPS
- Additional disclosures in Annual Secretarial Compliance Report (ASCR) by PCS
- Master Circular on Takeover Regulations
- Issue Summary Document – introduced
- Extension of relaxation for sending hard copies of documents
- Amendments to LODR
- Foreign Investment in AIFs
- Updated Operational Circular- Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper
- Clarification on Scheme of Arrangement by NCD/NCRPS listed entities (‘debt listed entities’)
- Amendments to LODR
- Amendments to SEBI (AIF) Regulations
- Applicability of SEBI (PIT) Regulations extended to Mutual Funds
- Governing Council for SSE
- Maintenance of status after reclassification – Extended
- Framework for Social Stock Exchange
- FTP (2015-20) extended for 6 months
- SEBI Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/106 dtd August 04, 2022
- SEBI Circular no. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dt August 05, 2022
- SEBI Circular no. SEBI/HO/AFD-1/PoD/CIR/P/2022/108 dt August 17,2022
- Social Stock Exchange – new chapter inserted in ICDR Regulations
- New chapter in LODR Regulations for Social Enterprises
- Extension of timeline
- Levy of GST on fees payable to SEBI
- SEBI (Collective Investment Schemes) (Amendment) Regulations, 2022
- Annual report to shareholders
- Annual report to holders of Non-Convertible Securities
- Simplification and Standardization of process for Transmission of Securities
- Streamlining the process of Rights Issue
- Revised format of security cover certificate, monitoring and revision in timelines- Non-Convertible Securities
- Clarification on validity of omnibus shareholders’ approval for material RPTs under LODR
- “Asset Cover” replaced with “Security Cover” under LODR
- Clarification on RPT by NSE
- Revised procedure for transmission of shares
- Separation of Roles of CEO/MD and Chairperson
- Formats for RPT disclosures for high value debt listed entities
- Compliance Certificate under ICDR can be issued by Practicing CS
- Amendments to LODR Regulations
- Extension of timeline for conducting Annual Meeting and other meetings for REITs and InvITs through VC
- SEBI Circular to Registrar & Share Transfer Agents
- SEBI Circular to Merchant Bankers for issuance in primary markets by REITs and InvITs
- SEBI Circular to Debenture Trustees
- SEBI Circular to Stock Brokers
- SEBI Circular to Alternate Investment Funds
- SEBI Circular to Mutual Funds
- SEBI Circular to Portfolio Managers
- SEBI Circular to Research Analysts
- SEBI Circular to Investment Advisers
- SEBI Circular to Merchant Bankers in connection with Private Placement of units by InvITs
- SEBI Circular to Custodians and Designated Depository Participants
- Revised Penal provisions for Non-Compliance of Continual Disclosures
- More stringent norms for RPT disclosure
- Additional disclosure to AC and shareholders for RPTs
- Additional disclosures w.r.t. filing of Scheme of Arrangement
- Online SCORES mechanism for obtaining login credentials
- Revised Audit Report and Limited Review Report formats
- Revised formats for financial statements
- Submission of reports in XBRL mode by Debt issuers
- Applicable LODR disclosures for NCSLC’s
- Amendments approved in SEBI Meeting
- Open Notification No. SEBI/HO/CFD/CMD/CIR/P/2021/616. dtd. 13.08.2021
- SEBI (LODR)(Third Amendment) Regulations, 2021
- SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- Extension of time AGM – top 1000 listed entities
- Additional disclosure to SE by Cos undergoing CIRP
- SEBI BM Press release
- Revised Framework for Regulatory Sandbox
- Minimum vesting period of ESOPs and SARs – relaxed in case of death of employees
- System Driven Disclosures now applicable for debt securities as well
- Compliance Report on Corporate Governance
- Increased overseas investment limits – Mutual Funds
- Increased limit for overseas investment by AIFs/VCFs
- Business Responsibility And Sustainability Reporting
- SEBI (LODR) – Amendments
- Extended due dates under LODR
- SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021
- Non- cash mode for Rights Issue available till 30.09.2020
- Revised disclosures under PIT Regulations
- Amendment to SEBI (AIF) Regulation, 2012
- Master Circular on Scheme of Arrangements by Listed Entities
- Single login for e-voting
- UPI added as payment mode
- Uniform fine structure – non-compliance of continuous disclosure- NCRS & NCDs
- Investor Grievance Redressal Mechanism
- SCORES- promoter to replace promoter group
- Creation of Recovery Expense Fund by issuers of debt securities
- SEBI (LODR) (Third Amendment) Regulations, 2020
- EGMs through VC/ OAVM for unit holders of REITs and InvITs- Extended
- Timeline for listing of securities issued on Private Placement
- FPIs can now write off unsold shares!
- System driven disclosures under PIT Regulations – Amended
- Re-lodgement of transfer requests for shares – extended up to 31.03.2021
- System driven disclosures under PIT Regulations – Amended
- Re-lodgement of transfer requests for shares – extended up to 31.03.2021
- Handling SCORES complaints and SOP for non-redressal
- Clarifications for MSME registration
- Extension of due date – submission of quarterly / half yearly / annual
- SEBI (Prevention of Insider Trading) (Amendment) Regulations
- SEBI (Prevention of Insider Trading) (Amendment) Regulations
- Exit opportunity for dissenting unit holders – Infra InvITs & REIT
- Exit opportunity for dissenting unit holders – Infra InvITs & REIT
- Listing of NCDs, NCRPs & CPs – financials older than 6 months permitted
- Relaxations w.r.t. Takeover and Buy back – Extended
- Relaxations for Rights Issue under ICDR regulations – Extended
- RTA – “collecting agent” of stamp duty on issue, transfer & sale of units of AIFs
- AGM through VC or OAVM for InvITs and REITs
- Extension of due date – submission of Annual Secretarial Compliance Report
- Extension of due date – filing of quarterly and half year financials
- 120 days gap between 2 Board/Audit Committee meetings – Relaxed
- Extension of due date – Regulatory filings for AIFs & VCFs
- Extension of due date – NCDs, NCRPS, CPs
- Faster Track FPO – Amendments
- Relaxations w.r.t. Takeover and Buy back
- LODR disclosure based on application of materiality guidelines
- Relaxation of penal action against non-compliance of MPS
- SEBI (LODR) Relaxations – COVID-19
- Relaxations for Rights Issue under ICDR regulations
- Relaxations for Rights Issue under ICDR regulations
- Reduced restriction period for raising capital after buy back
- Extended validity of SEBI observations & increased threshold for filing of fresh offer document
- SEBI (LODR) relaxations
- Extension of due date for holding AGM – Companies having FY ended 31.12.2019
- Delay in payment of interest principal due to lockdown not a default
- Extension of timeline for compliances
- Extension of due dates- SEBI
- Equity shares with superior rights issued to promoter
- Disclosure Standards for AIFs
- SEBI (LODR) (Amendment) Regulations, 2020
- Rights Issue by InvITs and REITs
- Streamling the process of Rights Issue
- Non- compliance of Listing Regulations
- Reporting deviation or variation Ц usage of NCDs and NCRPs
- Updating Information on BSE website
- Accidental omission of Notice of General Meeting – Sreeni
- Approval of Forms on FIRMS Portal – Mechanism changed
- Sovereign Green Bonds included under FAR
- Inclusion of GST Network as Financial Information Provider under Account Aggregator Framework
- Classification in middle layer – multiple NBFCs of a group
- RBI Notification No. FEMA 400/2022-RB dtd. August 22,2022
- Notification No. G.S R 646(E). dtd August 22, 2022
- RBI Master Direction- RBI/2022-2023/110 dtd August 22, 2022
- Liberalisation of Forex flows
- Restriction on storage of actual card data – timeline extended
- Discontinuation of return on details of guarantee availed and invoked from non-resident entities
- Valuation Certificate for transfer of shares should not be older than 90 days
- ECB/TC- Transition from LIBOR to Alternative Reference Rate (ARR)
- Legal Entity Identifier for Cross Border Transactions
- Prompt Corrective Action (PCA) Framework for Non Banking Financial Companies (NBFCs)
- Restriction on storage of actual card data [i.e. Card-on-File (COF)]
- Explanation added to indirect foreign investment definition
- Trading included in MSME definition
- Extended time for Udyam Registration
- Declaration of dividends by NBFCs
- Resolution Framework 2.0 – revision in threshold for MSMEs
- Restrictions on Account Operations for Non-compliance – Relaxed
- Credit to MSME Entrepreneurs
- Resolution Framework 2.0 for COVID-19 stress – Individuals and Small Businesses
- Extended period for parking of unutilised ECB proceeds
- Export Facilitation measures by RBI
- No restrictions on opening of current account as stipulated by regulators
- No dividend payments by banks for FY ended 31.03.2020
- 24×7 availability RTGS System
- Compounding of Contraventions under FEMA, 1999
- Foreign law firms barred from setting up office in India
- MSME – Restructuring of Advances
- AIFs to replace VCFs in Master Direction on Exemptions
- RBI aligns with SEBI for finalisation of B/S by NBFCs
- Extended time for import payments and export credit – 23.05.2020
- Extended time for import payments and export credit – 22.05.2020
- More time for export realisation
- COVID-19 start up assistance scheme
- Video based Customer Identification Process
- Revised format for filing application of CIRP online
- Proforma for Reporting Liquidator’s Decision(s) different from the Advice of SCC
- Start up definition aligned with DPIIT definition – fast track corporate insolvency resolution process
- IPs to disclose their fiduciary relationship
- Complaint handling procedure – amended
- Open Notification No. IBBI/2022-23/GN/REG087 dtd.14.06.2022
- Open Press Release
- Withdrawal of Circular dtd 26th August, 2019
- Temporary surrender of professional membership – ceases to exist
- IBBI (IRP for Corporate Persons) (Amendment) Regulations, 2022
- Guidelines for Recommendation of IP to acts as IRPs, Liquidators, RPs and Bankruptcy Trustee
- Online Educational Course by IPAs and RVOs- valid till 31.03.2022
- Monetary Penalty to be credited to Fund
- Amendments to IP Regulations
- Consideration of matters by the CoC on request by members
- Introduction of Pre-packaged Insolvency Resolution Process
- Introduction of Pre-packaged Insolvency Resolution Process
- Introduction of Pre-packaged Insolvency Resolution Process
- Retention of documents of CIRP by IP
- IBC suspended upto 25th March, 2021
- Clarification on computation of fee payable
- List of Creditors to be filed with IBBI and displayed on the website
- IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020
- Suspension of initiation of CIRP – Extended for another 3 months
- Amendments to IBBI (Application to Adjudicating Authority) Rules, 2016
- Amendment to Liquidation process and Voluntary Liquidation Process Regulations
- Amendment to Liquidation process and Voluntary Liquidation Process Regulations
- Amendments w.r.t. ARs in committee of creditors
- Amendment to IBBI (IP) Regulations, 2016 – IPE objective
- No CIRP for defaults arising for 6 months from 25.03.2020
- Exclusion of lockdown period for any activity in liquidation process
- Additional fee for certain forms
- Threshold of default by Corporate Persons
- IBC (Amendment) Act, 2020
- 21 lockdown not to be counted in time line for any CIRP activity
- Chennai gets NCLAT bench
- Affordable and Middle-Income Housing Investment Fund I
- Transfer of Membership of RVs
- IBBI (Liquidation Process) (Amendment) Regulations, 2020
- Time limit for reporting Invoices on the IRP Portal
- No restriction for GST Registration for professionals on residential address
- GST dept to scrutinise I-T, MCA data to identify entities not paying taxes
- Advisory for the taxpayer wishing to register as “One Person Company” in GST
- SOP for cancellation of GST registration & repository of non-genuine taxpayers
- Maharashtra Amnesty Scheme
- Clarifications on refunds in case of inverted duty structure
- ITC and amendment to invoices – allowed till 30 November
- SC directs GSTN to open portal for filing of TRAN-1 and TRAN-2
- Effective date – Sec 100-114 of the Finance Act, 2022
- Amendment to the CGST Rules
- CBIC Notification no. 17/2022-Central Tax dtd August 01,2022
- CBIC Circular no. 178/10/2022-GST dtd August 03,2022
- CBIC Circular no. 177/09/2022-TRU dtd August 03, 2022
- Mandatory Aadhaar verification
- Certain provisions effective from 01.01.2022
- Restaurant service through e-commerce operators
- Clarification on rates of GST charged
- Scope of intermediary
- Exemption of certain registered persons from the requirement Aadhar authentication
- Clarifications under various heads
- Clarification w.r.t export of services
- CGST 8th Amendment Rules
- GST Audit by CA or Cost accountant exempt from 01.08.2021
- CGST (6th Amendment) Rules, 2021
- Exemption for filing GSTR-9
- Applicability of Dynamic Quick Response (QR) Code on B2C
- Article on Tax Updates-Amendments, extensions of due dates etc under GST laws
- CGST (Fourth Amendment) Rules, 2021
- Waiver of penalty for non-compliance of QR Code provisions
- Extended due date – Form GSTR-9 & 9C
- CGST (Amendment) Rules, 2021
- Amendments to CGST Act, 2017 & Rules, 2017 become effective
- Amendments to CGST Act, 2017 & Rules, 2017 become effective
- CGST (Thirteenth Amendment) Rules, 2020
- E-invoicing mandatory w.e.f. 01.01.2021
- Electronic cash & credit ledger
- Filing of Form GSTR-3B
- Filing due date – Form GSTR-1
- CGST (Thirteenth Amendment) Rules, 2020
- CGST (Twelfth Amendment) Rules, 2020
- HSN Code to be mentioned w.e.f. 01.04.2021
- CGST (Twelfth Amendment) Rules, 2020
- Extended due dates
- GSTR-1 for aggregate turnover up to 1.5 Crores
- GSTR-1 for aggregate turnover above 1.5 Crores
- GSTR-9 / GSTR-9A
- GSTR-9C
- E-invoicing
- Due date for filing GSTR-4 – Extended up to 31.10.2020
- Extended due date- GSTR-4 for FY 2019-20
- Extended due date for compliances w.r.t. goods take out of India
- Additional fee waived for Form GSTR-10 filed between 22.09.2020 and 31.12.2020
- Payment of interest on Net Tax Liability w.e.f. 01.09.2020
- Option of Aadhar authentication for obtaining GSTIN – now available
- New Form GST INV-1 to replace the existing form
- Applicability of E-invoicing
- Extension of due date – Form GSTR-4
- Nil return in Form GSTR-3B can be filed via SMS
- New Form GST INV-1 to replace the existing form
- Due date for GST refund – extended for period 20.03.2020 – 30.08.2020
- Late fee capped at Rs.500 for delayed filing of Form GSTR 3B
- Nil return in Form GSTR-3B can be filed via SMS
- One time amnesty and conditional fee waiver- FORM GSTR-3B
- Lowered interest rate for tax period February-July, 2020 for delayed filing of Form GSTR 3B
- Late fees waived – delayed filing of Form GSTR-1
- One time amnesty and conditional fee waiver- FORM GSTR-3B
- Lowered interest rate for tax period February-July, 2020 for delayed filing of Form GSTR 3B
- Forms GSTR-3B & GSTR-1 can be filed through Electronic Verification Code
- Applicability of GST on remuneration paid to IDs and WTDs
- Extension of due date for filing Form TRAN-1
- Extension of due date – Form GSTR-9 and GSTR-9C
- Extension of validity of e-way bills
- RPs & IRPs to be treated as Distinct Persons
- Form GSTR-3B – filing through e-verification code & SMS based OTP
- CBIC has clarified the queries raised
- IRP & RPs to be treated as a distinct person
- Form GSTR-1 not required in certain cases
- E-invoicing
- Due dates for filing of return in Form GSTR-3B
- Clarification w.r.t RCM on renting of motor vehicle
- Extension of due dates
- Consequences of not linking Aadhaar with PAN
- Clarification on selection of new regime / old regime
- Cost Inflation Index for FY 2023-24
- CBDT notifies ITR forms for AY 2023-24
- Mobile app, namely, ‘AIS for Taxpayer’
- Extension for compliances till March 31, 2023
- Condonation of delay – Form No. 10A
- Extension of due date for filing various Audit Report for AY 22-23 till 7 November 2022
- Cost inflation index for FY 22-23 notified
- Clarification on Form 10AC
- Reporting of certain transactions by Banks/Post Office to IT Dept
- Amendment to certain forms under IT
- Amendment to Rule 44E- Application for advance ruling
- Computation of Capital Gains under section 45(1B) of Income Tax Act related to ULIP
- E-advance rulings by Board for Advance Rulings
- ITR filing due date – extended
- Clarification on carry forward of losses
- Authentication by Electronic Verification Code
- Applicability of rates under safe harbour rules
- The Taxation Laws (Amendment) Act, 2021
- Income-tax (24th Amendment) Rules, 2021
- Extension of due dates
- Relaxation in filing of forms 15CA & 15CB
- Capital gains on Goodwill with depreciation
- Guidelines u/s 45 and 9B of IT Act
- Extended due dates for various compliances under Income Tax Act
- Extension of due dates
- Income-tax (16th Amendment) Rules, 2021
- GAAR & GST reporting in Tax Audit Report – extended upto 31.03.2022
- Income tax (9th Amendment) Rules, 2021
- Extended ITR due dates
- Taxation and other Laws (Relaxation and Amendment of certain Provisions) Act, 2020
- IT relief for Real-estate Developers and Home Buyers
- Amendments to TDS Rules
- Perquisites & allowances – Section 115BAC
- Introduction of Rule 11UAD – unquoted shares
- Extension of due dates
- SHR now applicable to AY 2020-21
- Section 269SU not applicable for B2B transactions
- Relaxations in Residential status
- CBDT has clarified the queries
- CBDT has clarified the queries
- Concessional tax option under Sec. 115BAC
- Exemptions from Capital Gains
- Union budger 2020-21
- Introduction of Form 10-IC and Form 10-ID
- Failure to intimate Aadhar number will render PAN inoperative
- IT (2nd Amendment) Rules, 2020
- Amnesty Scheme for one time settlement of default in export obligation
- PMLA (Maintenance of Records) Amendment Rules, 2023
- PMLA (Amendments to KYC Directions), 2016
- De-activation of IECs not updated
- Safe custody of digital tokens, documents, scrips etc.
- Electronic Filing of Registration Cum Membership Certificate (RCMC)
- Extension of FTP 2015-2020 till March, 2022
- Extended due date – IEC updation for FY 2021-22
- Issue of benefits / scrips on hold
- DFIA online scrips
- New e-EPCG Committee Module
- COVID-19 Helpdesk
- Foreign Trade Policy 2015-20 extended upto 30.09.2021
- Annual updation of IEC through online system – no filing fee applicable
- Online filing of request for closure of advance authorisation
- Modification of IEC
- Extension of FTP-2015-2020
- Foreign Trade Policy 2023
- Open Karnataka Startup Policy
- FCRA Guidelines relating to Foreign Hospitality
- FAQs on Social Stock Exchange by BSE
- FAQs on Social Stock Exchange
- Enhanced Guidelines for Debenture Trustees and Listed Issuer Companies on Security Creation and Initial Due Diligence
- Clarification on GST Rates & exemption
- Open FAQS on Cyber Security Directions of 28.04.2022
- Extended time for Udyam Registration
- Recognition to Company Secretaries in the Direct Selling segment
- New e-TRQ System for Imports
- RBIA now applicable to NBFCs and UCBs
- FCRA (Amendment) Rules, 2020 (Article)
- FCRA (Amendment) Rules, 2020
- Amendments to Consumer Protection Act
- Amended Patent Rules (1st Amendment Rules)
- Amended Patent Rules (2nd Amendment Rules)
- Due date for submission of documents for fulfilment of EO – Extended
- Offer / invitation of securities to QIBs
- Amendments to SEBI LODR, ILDS & Debenture Trustee Regulations
- Foreign Contribution (Regulation) Amendment Act, 2020
- Foreign Contribution (Regulation) Amendment Act, 2020 -(Article)
- Article on Stamp Duty – Levy, Rates and Validity
- The Code on Wages Draft Rules
- Amendments to Consumer Protection Act
- Amendments to Consumer Protection Act
- Amendments to Consumer Protection Act
- Consumer Protection (E-Commerce) Rules, 2020
Amendment to the definition of a small company
The Ministry of Corporate Affairs (MCA), vide a notification dated 15th September,2022 has amended The Companies (Specifications of Definitions Details) Rule, 2014, whereby the definition of small company has been amended. The thresholds determining a small company have been enhanced. ➢ The threshold limit for paid-up share capital has been enhanced to Rs. 4 Crores.... Read More
Analysis of Scheme for condonation of delay in filing Charge forms
MCA, vide General Circular No. 23/2020 dated 17.06.2020 has introduced the “Scheme for relaxation of time for filing forms related to creation or modification of charges under Companies Act, 2013”.... Read More
Analysis of certain provisions of the Companies (Amendment) Act, 2020
The intent of the Parliament to pass the Companies (Amendment) Bill, 2020 is majorly to decriminalize the provisions of the Companies Act, 2013 (CA, 2013). While the intent has been achieved, the Amendment Act has.... Read More
Amendments to Corporate Responsibility (CSR)
Section 135 of the Companies Act, 2013 mandates that companies having a net worth of INR 500 crore or more/ turnover of INR 1000 crore or more/ net profit of INR 5 crore or more during the immediately.... Read More
Decriminalisation of offences under Companies (Amendment) Act, 2020
The Company Law Committee (CLC) was constituted on 18.09.2019 to make recommendations to the government on further re-categorisation of certain criminal offences under the Companies Act, 2013 (the Act).... Read More
Stamp Duty on securities – Levy, Rates and Validity
The Parliament vide the Finance Act, 2019 amended the India Stamp Act, 1899 (Act) to bring in various changes as well as additions to Sec. 2 of the Act i.e. definitions provision w.e.f 1st July, 2020. Furthermore,.... Read More
Forfeiture of Shares – Handle with care
Whenever I hear about non-payment of call money, recourse which comes to my mind is “Forfeiture of shares”. Forfeiture may be a common phenomenon in listed companies but it is not so in private.... Read More
AGM through VC or OAVM
In view of the continuing restrictions due to COVID-19, MCA has notified (General Circular No. 20/2020 dated. 05.05.2020) that for the year 2020, companies can hold their AGM through Video Conference (VC) or other audio visual.... Read More
Transmission of Securities
“Transmission of Securities” means transferring the title / ownership of securities to legal heirs or successor or nominee or surviving joint holder, in case of death of a security holder, insolvency, inheritance or lunacy of the member by operation of law..... Read More
Accidental Ommission of Issuing General Meeting Notice
The intention of this article is to sensitize the readers on the importance of issuing notice of a General Meeting to all those persons who are entitled to receive it as well as to understand what accidental omission is.... Read More
Corporate Borrowings and Lending – Companies Act, 2013
Borrowing is one of the important sources of money for any business. Be it a long-term loan or a short-term loan or a working capital limit or even a simple corporate credit card, companies have to depend on Banks and Financial Institutions or look at Loans from Directors..... Read More
Section 212 of Companies Act, 1956 and IFRS – An analysis
Section 212 (1) of the Companies Act, 1956 requires that there shall be attached to the balance sheet of holding company having a subsidiary or subsidiaries at the end of the financial year as at which the holding company’s balance sheet is made out, the.... Read More
Illustrative agenda items for Boad Meeting and Shareholders Meeting
Entrepreneurs and CEOs responsible for governance are often intrigued by the question – what needs to be placed before the Board for approval? which matter requires Board deliberations/decision ? What needs to be taken to the Shareholders for approval?.... Read More
Shareholding in a new corpotaye entity
Given the conducive business environment more and more new entrepreneurs are emerging in the corporate sector. Among all the business entities, the most conducive business entity/organization is a corporate entity incorporated under the provisions of the Companies Act, 1956..... Read More
Who is a promoter in control of a Company
The term ‘Promoter’ is common in the corporate sector and also common parlance. However it is to be noted that the term ‘Promoter’ has not been defined under the Companies Act, 1956 (Act) and other legislations relating to corporate affairs. It is also to be noted that although the term is used under various provisions.... Read More
Sweat Equity(SE) and Employee Stock Option Schemes (ESOP) in Unlisted Private Companies
When a company is newly formed or starts a new line of business, the company engages the best executives and employees available, who bring in their know-how, skill and expertise with them which adds great value to the growing enterprise..... Read More
Amendments in Unlisted Public Companies (Preferential Allotment) Rules, 2003 – An analysis
Background: During the last week of November, 2011, SEBI had issued an order restraining two entities of the Sahara group as well as certain promoters and directors from accessing the capital markets..... Read More
Apostile
Many times we come across the situation where documents issued in one country need to be used in or presented to another country. These documents must be authenticated or legalized before the other country will recognize those documents and give the documents the legal import given in the jurisdiction of origination.... Read More
Forms of Business Venture
There has always been a slight confusion in the minds of first time entrepreneurs on the distinction between a proprietorship firm, a partnership firm and a company. Invariably, most entrepreneurs who have established their business as proprietorship concerns or partnership firms refer their entity as companies. They are not clear why they want a.... Read More
Charter Documents for a Corporate Entities
Articles of Association of a company has always been recognized as part of the Charter Documents of any company of whatever nature incorporated under the provisions of the Companies Act, 1956 (Act). The Charter Documents of a company are the Memorandum of.... Read More
Buy back of shares in Private Limited Companies
The concept of “buy back of securities” is just over a decade old and is normally resorted to reorganize the capital structure. It means buying the shares allotted to shareholders at a predetermined price. Buy back results in cancellation of capital leading to an improved EPS in.... Read More
Independent Director
An Independent Director is a non-executive director who apart from receiving the director’s remuneration does not have any material/ pecuniary relationship or transaction with the company, its promoters, its directors, its senior management or its holding company, its subsidiaries and associates, which in judgment of the Board may affect independence of judgment of the Director.... Read More
Payment of remuneration to non-executive directors in case of absence or inadequacy
Under Section 197 of the Companies Act, 2013 as it stood prior to the amendment made thereto by the Companies Amendment Act 2020, non-executive directors including independent directors could be paid remuneration in normal circumstances only by way of sitting fees for attending meetings of the Board and Committees of which they are members.... Read More
OPCs made more attractive for startups
The One Person Company (OPC) was a new corporate structure which was introduced in India through the Companies Act, 2013. The OPC structure was derived from the single member company concept from the UK’s Companies Act, 2006. The structure allows the corporatization of sole proprietor businesses. Further, it provides the limited liability advantage to these.... Read More
Payment to Directors against professional services rendered
It is not uncommon for a company to seek out the services of its directors in their professional capacity for carrying out specific assignments for which they may be paid remuneration, which would be over and above what they are entitled to in their capacity as directors. Alternatively the director concerned may also be engaged.... Read More
Section 186 of the Companies Act, 2013 – Some food for thought
Section 186 of the Companies Act, 2013 (hereinafter referred to as “the Act”) corresponds conceptually to Section 372A of the predecessor Act i.e. Companies Act, 1956. In reality, it raverses a path which is much wider than its predecessor and its tentacles extend much wider than perhaps was intended by the legislature. Further, it is.... Read More
Preservation and Retention of Documents under Companies Act, 2013
Introduction: Corporate documents are essential resources of a company as they are referred to by various users within the organization as well as externally. They hold evidentiary value in many instances. Therefore, preservation of documents becomes necessary, and it is the duty of the management of every company to ensure documents are preserved in easily.... Read More
Amendment to the definition of a small company
The Ministry of Corporate Affairs (MCA), vide a notification dated 15th September,2022 has amended The Companies (Specifications of Definitions Details) Rule, 2014, whereby the definition of small company has been amended. The thresholds determining a small company have been enhanced. ➢ The threshold limit for paid-up share capital has been enhanced to Rs. 4 Crores.... Read More
Note on Downstream Investment (DI)
Foreign Direct Investment received by a Company is required to be reported on the FIRMS Portal of RBI in terms of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 read with Foreign Exchange Management (Mode of Payment and Reporting of Non.... Read More
Establishment of joint ventures (JV) wholly owned subsidiary (WOS) Abroad / overseas offices by India Firms/ Companies
In the globalised scenario where the Indian business houses export/import products and/or execute projects abroad, it is inevitable for them to have their presence in foreign countries. The Indian firms and companies may open branch offices abroad or even post a representative.... Read More
Real Time Gross Settlement System ( RTGS)
Real Time Gross Settlement System (RTGS) is a fund transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis..... Read More
Note on Merchanting Trade
In common parlance, international trade denotes import by a buyer in one Country from a seller in another country and re-sale in his own country or export to a buyer in a third country, involving movement of goods as shown in the diagram below :.... Read More
Foreign Inward remittance Certificate (FIRC)
Foreign Inward Remittance Certificate (FIRC) is a document that provides proof of inward remittance to India. It is treated as documentary evidence by most of the statutory authorities for confirming the validity of the foreign money received by the beneficiary..... Read More
The Andhra Pradesh Micro Finance Institutions ( Regulation of Money Lending) Ordinance, 2010
The Micro Finance Sector was conceived with the main objective of ensuring financial inclusion of the sub prime sector of the Society. In other words, banks and financial institutions did not and do not address the requirements of the economically backward.... Read More
FDI Compliances Under FEMA
Investment from NRIs in Indian Companies is subject to specific compliances under FEMA (Foreign Exchange Management Act). Though the guidelines are clear, the actual process somehow is not easy in our experience and does not conform to “Ease of doing business”..... Read More
Export Facilitation measures by RBI
COVID has dealt a death blow to the importers & exporters. To help them to deal with the challenges posed by pandemic as well as enhance India’s export competitiveness in the global market, the RBI through its Statement on Development and Regulatory Policy (part of Bi-monthly Monetary Policy Statement) has brought in certain changes to.... Read More
Foreign Contribution (Regulation) Amendment Act and Rules, 2020
The Foreign Contribution (Regulation) Amendment Act, 2020 (the “Act”), has been notified by the Ministry by Home Affairs on the 29th of September, 2020 to amend certain provisions of the Foreign Contribution (Regulation) Amendment Act, 2010 (“FCRA”).... Read More
Law relating to related party transactions tweaked again by SEBI-Implications
Vide Notification dated November 9, 2021, SEBI has introduced amendments to the SEBI (LODR)Regulations, 2015 in respect of related party transactions. The amendments made are prospective and come into force from April,1, 2022.Some changes become effective from April 1, 2023..... Read More
Enforcement of Transparency and disclosure requirements through SEBI Regulations – A Study
There are kaleidoscopic hues that surround the concept of corporate governance. One can articulate on the concept until the cows come home and yet fail to arrive at a universally acceptable definition to the term. James D.Wolfensohn, the former President of the World Bank, succinctly defined Corporate Governance as” a concept which promotes corporate fairness,.... Read More
Amendments to SEBI LODR, ILDS & Debenture Trustees Regulations
During the quarter ended September, 2020, many companies who have listed their Non-Convertible Debt on the stock exchanges have defaulted on their interest payments to their NCD holders. One of them being an NBFC. The Securities Exchange Board of India (SEBI) with an intent to protect the investors as well as enhance the duties of.... Read More
An Insight into Social Stock Exchanges and its Regulations
The general understanding of a stock exchange is that it is a marketplace where for-profit companies propose to list their securities to raise funds and provide liquidity to the existing shareholders of the company. The concept of social stock exchanges has emerged in the recent past wherein not-forprofits(“NPOs”) or for profit-making social enterprises(“FPSEs”) are able.... Read More
Conversion of a LLP to a Company
This article focuses on the conversion of a LLP to a Company in the context of the changes brought to the Companies Act 2013 (CA2013) read with the Companies (Authorised to Register) Rules, 2018 vide Companies (Amendment) Act of 2017 (CA2017)..... Read More
Winding Up of Limited Liability Partnership (LLP)
Of late we have witnessed emergence of a new form of business entity named Limited Liability Partnership which is a hybrid of a company and a partnership firm and is governed by Limited Liability Partnership Act, 2008 (Act). Whereas all the procedures for.... Read More
A Limited Liability Partnership (LLP)
Commercial ventures are established invariably as a partnership firm, incorporated entities, unincorporated business ventures or as proprietorship firm. A new concept which is a hybrid between a partnership firm and a company incorporated under the.... Read More
LLP (Limited Liability Partnership) – A Tax Efficient Vehicle
LLP is a new corporate form that enables professional expertise and entrepreneurial initiative to combine, organize and operate in an innovative and efficient manner. It is becoming popular day by day. When it was introduced in 2009 there were so many.... Read More
Note on registration and non registration of a partnership firm
In terms of the Indian Partnership Act, 1932, (Act), the only criterion to commence business as a partnership is the finalization and execution of a Partnership Deed between the Partners. The Act does not require the.... Read More
Coversion of Partnership Firm
In most instances commercial ventures are started amongst friends and associates in an adhoc manner and invariably as a Partnership firm. As the business grows the Partnership firm is unable to cope and then there is a necessity for a corporate entity to.... Read More
Analysis of the recent amendments – LLPs
The structure of Limited Liability Partnership (LLP) was introduced in India over a decade ago as an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The advantages of this business model are:.... Read More
Convertible Note – “A boon for Start-ups”
Of late, we have heard that a Convertible Note is a boon for Start-ups. Let’s try and understand what it exactly is..... Read More
Mediation for Start Ups
Two friends A and B started an IT related service company to provide some innovative software solutions to the IT industry in Bangalore. They had worked in the software industry for a few years and decided to start a company on their own. They had some brilliant ideas and worked.... Read More
Angel Tax Analysis
16th January, 2016 marked a significant milestone for startups in India, with the Government of India announcing the “Startup India Action Plan” amidst much fanfare in the presence of the Prime Minister Mr. Narendra Modi, some of his.... Read More
Let’s Understand the Draft Code on Wages Rules
All of us are aware that the Government of India has initiated the process of “Labour Reforms” with the intention to simplify the legislations by consolidating the existing large number of legislations. In this connection, 4 Codes have been drafted out of which one is.... Read More
Engagement of people – Diverse Models
The business world today, is highly dynamic and challenging with fast changing technology and innovations. Hence corporates need to explore opportunities through expansion, diversification, re-organization, restructuring and other varied methods or systems to succeed in the industry. Digitalization is on the offing.... Read More
Tips for drafting Employment Contracts
In the previous Articles, we had discussed about various clauses in the Employment Contract namely, Non-Compete, Non-disclosure, Confidentiality, Protection of Intellectual Property Rights (IPR), claim on damages – liquidated, un-liquidated, penalty for breach etc..... Read More
Non-Disclosure Agreement and Confidentiality clause
In the previous article restrictive or negative covenants in an Employment Agreement and Noncompete clause were discussed. In this article, we shall discuss other important clauses in an Employment Agreement namely; nonsolicitation, non-disclosure, confidentiality and breach of Intellectual Property..... Read More
Non- compete Agreement
In this Article, we will discuss the later part of Non-Compete clause/ agreement. A company may depute an employee to undergo special skill training either within India or abroad or depute to a collaborator to study the technical inputs. The company may also commit to offer a permanent position in the company on completion of.... Read More
Employment Contracts
In the previous Article1, a mention was made about contracts “Opposed to Public Policy” while discussing the legal enforceability of “Contracts” before any Court of Law. To start with, it is essential to understand the conceptual meaning and enlightened views of various Courts including the Supreme Court of India and the House of Lords..... Read More
Essentials of Employment Contracts
All Corporates engage people suitable to any position based on Technical and soft skills with expertise in respective areas. The engagement is based on an “Employment Contract” normally captioned as “Letter of Appointment”. The Employment Contract may be a simple one or may incorporate certain conditions like – non-compete, non-solicitation, non.... Read More
Labour Reforms – Code on Wages, 2019-Part-III
This write up is the third one in the series, dealing with Payment of Bonus. The last series concluded with the definition of “Contract worker” highlighting the principles of “Contract of Service & Contract for Service”. It is considered important to briefly explain the principles since they are of high significance to any business..... Read More
Labour Reforms – Code on Wages, 2019-Part-II
The 1st article on Code on Wages, 2019 (Code) dealt with Payment of Minimum Wages. In this 2nd article, the focus is on understanding and analysing the definition of “Wages” and “Contract Labour”.... Read More
Labour Reforms – Code on Wages, 2019-Part -I
For the last three decades, the Indian Industry has been continuously prevailing upon the Central Government to bring in Labour Reforms to address the highly dynamic & volatile global business, where the labour laws are stagnant but technology is changing at a lightning speed. An unfortunate.... Read More
IBC (Amendment) Act, 2020
Following are the key changes brought about by the Insolvency Bankruptcy Code (Amendment) Act, 2020:.... Read More
Highlights of the announcements by the Finance Minister – 13.05.2020
On 13.05.2020 the Honorable Finance Minister Nirmala Sitharaman announced measures for relief and credit support to businesses and MSMEs to support Indian Economy’s fight against COVID-19. Highlights of the same are as follows:.... Read More
Proposed GST System in India
You all are aware that the new Indirect tax system namely Goods & Services Tax (GST) would replace the present Central Excise Duty, Service Tax at the Central level and State VAT, Central Sales Tax, Entry Tax at the State Level, in the near future (exact date of implementation of GST is yet to be.... Read More
Checklist for Registration under various Enactments
Note: The above is as applicable for a sole proprietor (i.e. an individual running his own business). In case of Partnerships and Companies, additional documents such as partnership deed, incorporation certificate, Memorandum & Articles of Association etc. will be required, depending on the type of entity..... Read More
Angel Tax Analysis
16th January, 2016 marked a significant milestone for startups in India, with the Government of India announcing the “Startup India Action Plan” amidst much fanfare in the presence of the Prime Minister Mr. Narendra Modi, some of his.... Read More
Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Interest payable for delay in payment of Income tax(e.g. advance tax, TDS, TCS), Equalization Levy,Securities Transaction Tax (STT), Commodities Transaction Tax (CTT).... Read More
GST Updates
Section 50 of the CGST Act, 2017 levies interest on delayed payments of tax. Originally the interest was being collected on the ‘gross’ amount of tax due. It is now amended retrospectively from 01.07.2017 on ‘Net Cash’ basis..... Read More
Income Tax Updates
CBDT has notified rules for LTC (Leave Travel Concession) Cash Voucher Scheme [Section 10(5)] vide Notification No. 50/2021-Income Tax Dated: 5th May, 2021. The brief particulars of the scheme are as follows:.... Read More
Union Budget 2021-22
Sec. 10: Interest on Recognized Provident Fund balance: Effective date: 01.04.2022 Interest income accrued during the previous year in the account of the person to the extent exceeding Rs. 2,50,000 in a previous year in the PF, would be taxable from 01.04.2022..... Read More
Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Interest payable for delay in payment of Income tax (e.g. advance tax, TDS, TCS), Equalization Levy, Securities Transaction Tax (STT), Commodities Transaction Tax (CTT).... Read More
Article on GST – 278
1. Rate Notification 5/2022 dated 13 July 2022 regarding RCM on residential dwelling unit: Services by way of renting of residential dwelling to a GST registered person for either residential or commercial purpose, shall attract GST and is to be paid under Reverse Charge Mechanism (RCM) in the hands of the GST Registered person who.... Read More
Shareholders Agreement
Every business or commercial venture undertaking in whatever form would require additional funding at one point of time or the other. Additional funding invariably cannot be generated by the promoters of the commercial venture and external funding must be procured which also makes better business sense for.... Read More
Non Disclosure / Confidentiality
In the world of today’s commerce all information relating to business of such entity is specific and to be exploited by the commercial entity owning the specific information. Any disclosure of such confidential specific information would enable any third party to.... Read More
Lease Agreement
All of us at one point of time or another have entered into some kind of Lease agreement/arrangement for a residential, commercial, business and other purposes. Most of us enter into a adhoc lease agreements without really examining the implications.... Read More
Charter Documents for a Corporate Entity
A Corporate entity is incorporated under the Companies Act, 1956 (Act) and is governed by the provisions of the Act. Notwithstanding the binding force of the Act, every corporate entity be it private limited company, public limited company or the recently.... Read More
Understanding the latest Karnataka Land Reforms Ordinance
Karnataka Land Reforms (Amendment) Ordinance, 2020 was passed on July 16th 2020i bringing certain agrarian land reforms that took Karnataka from being the most regulated to the most liberalised regime for farmland transactionsii ..... Read More
NRI investment in Real Estate
When one thinks of investment the primary investment is in real estate. Non Resident Indians (NRI) are always on the look out to establish their link with the country of their origin, India by acquiring real estate. The Regulations for such acquisition and transfer of.... Read More
Gifts under Transfer of Property Act, 1882
Any moveable or immovable property can be conveyed by way of Gift. The Transfer of Property Act, 1882 provides for the rules and conditions governing such Gifts..... Read More
Demystifying Title Scrutiny
Any immovable property, rural or urban, must be scrutinized as to its ownership before purchasing the same. The title of the owner is derived from various deeds relating to the property. The title deeds vary from property to property, depending on whether it is.... Read More
Title to Immovable Property
An immoveable property can be residential, commercial or any other property including buildings thereon. The person who is the owner of the immoveable property derives his ownership for the property from various documents and.... Read More
Sexual Harassment at work place
In India, till date, we do not have a legislation to deal with Sexual Harassment at work place. There have been many instances of sexual harassment at workplace which have gone into oblivion as a clear definition as to what amounts to sexual harassment has not.... Read More
Sexual Harassment of women at workplace act- The “WHOs” & “WHATs”
THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013 (the “Act”) at the outset makes it clear that the driving force behind the legislation are Articles 14 and 15 of the Constitution of India which guarantee Right to Equality and also.... Read More
Amendments to MSMED Act, 2006
The Hon’ble Finance Minister of India, Ms. Nirmala Sitharaman had announced certain measures to help the country cope during the COVID-19 pandemic. The announcements included various matters w.r.t. MSMEs like change in the criteria for classification of MSMEs, introduction of a composite.... Read More
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 (MSMED)
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which came into effect from October 2, 2006 with the intention of facilitating the promotion and development as well.... Read More
Consumer Protection (E-Commerce) Rules, 2020 – Part II
In Part I of the Article on the Consumer Protection (ECommerce) Rules, 2020, we looked at the meaning of ecommerce, the important definitions such as E Commerce Entity, Platform, Ranking, Marketplace E-Commerce Entity and Inventory E-Commerce Entity. We also discussed Rule 4 i.e. the duties of e-commerce entities..... Read More
Consumer Protection (E-Commerce) Rules, 2020 – Part I
The Department of Consumer Affairs, under the Ministry of Consumer Affairs, Food and Public Distribution is responsible to ensure safeguarding of consumers’ interests, effective administration and timely settlement of consumer disputes. Keeping the same in mind, the Department of Consumer Affairs.... Read More
Family Business Disputes and Mediation
Family run businesses are an important part of the Indian economy. According to a report by Credit Suisse, India has the third largest number of family run businesses in the world after US and China.1 Family run businesses have a presence across the spectrum – from the biggest conglomerate in.... Read More
Mediating Partnership Disputes
Many of the partnerships in India are formed based on informal structure and understanding. Most of them are not registered and have very simple partnership agreements. These agreements are drawn up by the partners themselves and do not clearly specify the roles and responsibilities of the.... Read More
Mediation in Motor Accident Cases
Every day we come across news relating to some ghastly road accident in which either people have lost their lives or some have survived but maimed for life. What is the remedy for these people? What options do the victims themselves or the families have to get an award of.... Read More
Mediation in Bankruptcy Cases
Discourage litigation. Persuade your neighbours to compromise whenever you can. Point out to them how the nominal winner is often the real loser — in fees, and expenses, and waste of time. As a peace-maker the lawyer has a superior opportunity of being a good man. There.... Read More
Mediation in Income Tax
It is said that an “ounce of Mediation is worth a pound of Arbitration and a ton of Litigation”. Mediation is a part of the Alternative Dispute Resolution (ADR) family. It is a voluntary and confidential process where a neutral third party (called the mediator).... Read More
Mediation in Commercial Disputes
Commercial disputes both big and small constitute a reasonable chunk of our adversarial dispute resolution mechanism (Court cases). The economic development, with increased commercial activity not only between organisations / entities in India but also cross border has added to the spike in commercial disputes. The government.... Read More
Workplace – Mediation
Workplace dispute is imminent in any work situation, whether service sector or manufacturing. In any company or organisation, conflicts are bound to be there either between the management and the employees or between two employees or between different groups of employees..... Read More
Impasse in Mediation
Impasse has been defined by Oxford dictionary as a “situation in which no progress is possible, especially because of disagreement, a deadlock”. Mediation is a voluntary process where the parties decide to participate and explore options for.... Read More
Mediation in Medical Negligence Cases
We frequently come across news relating to medical negligence cases, where some patient has not been treated properly by some hospital or the negligence has proved fatal to the patient.... Read More
Mediation in Real Estate Disputes
A substantial chunk of disputes in India relate to real estate. Nature of such disputes relate to delayed possession, defective construction, delay in refund of advances, interest payments, kind of amenities provided, size of the plot or apartments, lopsided agreements etc..... Read More
Mediation for Start Ups
Two friends A and B started an IT related service company to provide some innovative software solutions to the IT industry in Bangalore. They had worked in the software industry for a few years and decided to start a company on their own. They had some brilliant ideas and worked.... Read More
Mediator’s Neutrality
Mediation is a process where a neutral third party called the Mediator, whom the parties trust, assists the parties to amicably resolve their disputes through structured negotiation. A Mediator is a neutral third party selected by the parties..... Read More
Myths on Mediation – Part II
Continuing our series on debunking some of the Myths associated with mediation. We shall debunk some more myths in this part. Myth 4 : Lawyers Do Not Have Any Role in Mediation Mediation being a process driven by parties and settled by the parties, leads to an impression that lawyers do not have any.... Read More
Myths about Mediation
In India, Mediation is at a very nascent stage and there are now a few legislations which mandate mediation as a first step in the dispute resolution process..... Read More
Qualifications and Skills of Mediator
Mediation is a dynamic process in which a neutral third party, the Mediator, facilitates the resolution of dispute between the parties. The mediator helps parties to communicate with each other, identifies the real underlying issues and helps parties explore and generate resolution options.... Read More
Mediation – Preferred mode of ADR
In most countries of the world, especially the developed countries, over 90 per cent of cases are settled out of court. In these countries, the dispute between parties is legally allowed to go to trial only when there is a failure to reach a resolution through Alternative dispute resolution mechanisms..... Read More
Roadblocks and Challenges to Mediation in India
The biggest roadblock that confronts any party that is desirous of exploring mediation is the inherent lack of autonomy in deciding whom to approach. In arbitration and conciliation proceedings, parties have the option to approach ad-hoc arbitrators or undertake arbitration under the auspices of any of the recognised arbitration institutions..... Read More
Stages in the Mediation Process
Mediation is a flexible process, which means strict rules of evidence and formal rules of procedure do not apply as compared to a court procedure. Typically, a Mediation has several stages which are followed by the mediator during the process of mediation..... Read More
Legal recognition of mediation in India
The concept of mediation received legislative recognition in India for the first time in the Industrial Disputes Act, 1947. The formal legality to mediation was given by the Indian Parliament when it passed the Amendment Act of 1999.... Read More
Introduction to Mediation
In 1842, the then Prime Minister of Britain, Mr William E. Gladstone had rightly stated that “justice delayed is justice denied” and these words of wisdom couldn’t be more appropriate in describing the current situation of the Indian Judiciary..... Read More
Entrepreneur's World
- Volume 35/2018 – Article on conversion of a LLP to a company Final
- Volume 34/2018 – Angel Tax Analysis
- Volume 33/2018 – Fdi Compliances Under Fema.
- Volume 32/2017 – Closure of Defunct Companies
- Volume 31/2015 – Sexual Harassment Act, 2013.
- Volume 30/2015 – Secretarial Standards on Meetings of Shareholders (SS2).
- Volume 29/2015 – Secretarial Standards on Board Meetings (SS1).
- Volume 28/2014 – Meetings of the Board through VC .
- Volume 27/2014 – Incorporation of Company.
- Volume 26/2014 – Allotment of Securities Under Private Placement.
- Volume 25/2014 – Corporate Social Responsibility (CSR) under the New Companies Act, 2013.
- Volume 24/2014 – Types of Companies under the New Companies Act, 2013.
- Volume 23/2013 – One Person Company (OPC)
- Volume 22/2013 – Accounting for Fixed Assets – Accounting Standard 10 (AS-10)
- Volume 21/2012 – INTERIM DIVIDEND
- Volume 20/2012 – Bond and Business
- Volume 19/2012 – As – 06 (Depreciation Accounting)
- Volume 18/2012 – As – 07 ( Construction Contracts)
- Volume 17/2012 – As – 05 ( Net Profit or Loss for the Period, Prior Period Items and Changes In Accounting Policies)
- Volume 16/2012 – As – 04 (Contingencies and Events after Balance Sheet Date)
- Volume 15/2012 – Management Information System
- Volume 14/2012 – As – 03 (Statement of Cash Flows
- Volume 13/2012 – Business Plans
- Volume 12/2012 – As – 09 (Revenue Recognition)
- Volume 11/2012 – As – 01 (Disclosure of Accounting Policies)
- Volume 10/2012 – Accounting Standards – An Introduction
- Volume 09/2012 – Budget 2012 – What it means to Entrepreneurs?
- Volume 08/2012 – Chart of Accounts
- Volume 07/2012 – Post Incorporation Procedure
- Volume 06/2012 – Birthing of a Company
- Volume 05/2012 – Choosing a Company Name
- Volume 04/2012 – Formation of Private Company
- Volume 03/2011 – Registrations to Commence Business – II
- Volume 02/2011 – Registrations to Commence Business – I
- Volume 01/2011 – Various Forms of Business Organisations In India
Presentation
Mediation
- Mediation in Real Estate Disputes
- Mediation for Start Ups
- MEDIATOR’S NEUTRALITY
- Myths on Mediation – Part II
- Myths about Mediation
- Qualifications and Skills of Mediator
- Mediation – Preferred mode of ADR
- Roadblocks and Challenges to Mediation in India
- Steps in the Mediation Process
- Disputes eligible for mediation
- Introduction to Mediation
Labour Law
- Engagement of people – Diverse Models
- Tips for drafting Employment Contracts
- Non-Disclosure Agreement and Confidentiality clause
- Non- compete Agreement
- Employment Contracts
- Essentials of Employment Contracts
- Labour Reforms – Code on Wages, 2019 | Labour Law Series – 3
- Labour Reforms – Code on Wages, 2019 | Labour Law Series – 2
- Labour Reforms – Code on Wages, 2019 | Labour Law Series – 1
- Engagement Diversity Labour Law Article
No data found
Lex Videos
Blast From The Past
Blast From The Past : Volume-9 Issue No 163
Blast From The Past : Volume-9 Issue No 161
Blast From The Past : Volume-9 Issue No 160
Blast From The Past : Volume-9 Issue No 159
Blast From The Past : Volume-9 Issue No 158
Blast From The Past : Volume-9 Issue No 157
Blast From The Past : Volume-9 Issue No 156
Ministry of Finance
IBBI
- Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019
- Amendments in IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019
- Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2019
- ‘Appropriate Authority’ to initiate insolvency proceedings against FSPs
- 5. Insolvency & Liquidation of Financial Service Providers and Personal Guarantors
RBI
- Availability of NEFT on 24×7 basis
- FEM (Non-debt Instruments) Rules, 2019
- FEM (Non- debt instruments) Rules, 2019_Article
- Master Direction – ECB, TC & SO
- Master Direction – ECB, TC & SO
- Master Direction – Foreign Investment in India
- Establishment of BO / LO / PO by foreign entities
- Interest Subvention Scheme for MSMEs
- ECB breather for Resolution Applicants
- Ombudsman Scheme for Digital Transactions, 2019
- Establishment of a branch office / liaison office/ project office
- ECB Framework – Revamped
SEBI
- Statement of Deviation and Variation in utilisation of funds raised by listed entities
- MF investments in the name of minor- process changes
- Extension of due-CRA-4
- Struck-off companies- freezing of bank accounts
- Changes in Schedule IV of SEBI (ICDR) Regulations, 2019
- Enhanced Due Diligence for Dematerialization of Physical Securities
- Modified SBO Disclosure to SEBI
- Furnishing of PAN for transfer of listed Equity Shares by NRI / OCI – relaxed
- Reporting for AI & ML used by MIIs
- Recognition to PCS under SEBI LODR – Compulsory Secretarial Audit
- Transmission of Securities in Demat form
- Reporting of AI and ML used by stock market intermediaries
CBIC
- Extension of due date- Form GSTR-9 9C
- Electronic invoicing for B2B supplies
- Conditions for use of balance available in the electronic credit ledger
- Extension of Due Dates – Form GSTR-9 or 9C
- Changes made in Form GSTR-9 and GSTR-9C
- Optional filing of Annual returns
- Procedure for fully electronic refund process of GST
- Due dates for GST filing in the UT of J&K
- CGST Rules Amended
- Clarification on GST @ 6%
- Correct valuation methodology for ascertainment of GST on TCS
- Summary of Several GST changes
- Place of Supply for IGST invoices
- One-time exception for supply of warehoused goods
- Inter-State supplies to unregistered persons
- Mr. R Krishnamurthy, CA says ……
- GST Exemption to IIM PG programs
- F&B supplied by an educational institution
- Eligible duties
- CA Certificate for Deemed exports
- GST on business facilitator / business correspondents
- Summary of Several GST changes
CBDT
MCA
- Extended time for Name reservation and re-submission of Forms
- Addition of “PM CARES Fund” to Schedule VII of Companies Act, 2013
- Changes in jurisdiction over companies in UT of Jammu and Kashmir and Ladakh
- Ind AS Rules Amended
- Extension of due date for CRA-2
- Clarification w.r.t DIR-3 KYC
- Clarification of filing of one time return – DPT-3
- SPICe + AGILE
- National Guidelines on Responsible Business Conduct
- Application for initiating IRP
- Clarification w.r.t RD-1
- Companies Incorporation Rules – Amended
- PAS-3 Amended
- Extension of due date – MSME I
- Adjudication of Penalties Rules – Amended
- ACTIVE – Company Tagging and Verification
- ACTIVE – Company Tagging and Verification
- Significant Beneficial Ownership 2.0
- R.I.P CA, 1956
- NCLT Rules Amended
- Certain Companies Exempt from DEMAT
- Specified Companies to file MSME dues with MCA
- Transactions to be disclosed in DPT-3
- Transactions to be disclosed in DPT-3
- Companies (Amendment) Ordinance, 2019
GST
- Extended due date – Form GSTR-9 & 9C
- CGST (Amendment) Rules, 2021
- GSTR-1 filing blocked for non-filing of GSTR-3B
- Clarifications w.r.t. Dynamic QR on B2C invoices
- E-invoices from 01.04.2021
- Extended due date – GSTR-9 & 9C
- Refund against deemed export – Clarified
- Waiver of penalty for non-compliance of QR Code provisions
- CGST (Fourth Amendment) Rules, 2021
- Amendments, extensions of due dates etc under GST laws
- Applicability of Dynamic Quick Response (QR) Code on B2C
- GST Audit by CA or Cost accountant exempt from 01.08.2021
- CGST (6th Amendment) Rules, 2021
- Exemption for filing GSTR-9
- Scope of intermediary
- Exemption of certain registered persons from the requirement Aadhar authentication
- Clarifications under various heads
- Clarification w.r.t export of services
- CGST 8th Amendment Rules
- Clarification on rates of GST charged
IBBI
- Retention of documents of CIRP by IP
- NCLAT Chennai to function virtually w.e.f 25.01.2021
- E-platform for filing list of stakeholders
- Timelines for reporting status of ongoing CIRPs through Form CIRP-7
- Introduction of Pre-packaged Insolvency Resolution Process
- Introduction of Pre-packaged Insolvency Resolution Process
- Introduction of Pre-packaged Insolvency Resolution Process
- Consideration of matters by the CoC on request by members
- Monetary Penalty to be credited to Fund
- Amendments to IP Regulations
- Guidelines for Recommendation of IP to acts as IRPs, Liquidators, RPs and Bankruptcy Trustee
- Online Educational Course by IPAs and RVOs- valid till 31.03.2022
Others
- Open FAQS on Cyber Security Directions of 28.04.2022
- Vignettes from the Law and Practice relating to Company Meetings
- Vignettes from the law and Practice relating to Meetings of the Board and Committees constituted by it
- Enforcement of Transparency and disclosure requirements through SEBI Regulations – A Study
- OPCs made more attractive for startups
Ministry of Labour and Employment
Ministry Of Commerce and Industry
Income Tax
- Residential status relaxation
- New Scheme for registration of trusts
- TDS on non-salary income of non-resident
- Form 3CD filing requirement further postponed
- Income tax (9th Amendment) Rules, 2021
- GAAR & GST reporting in Tax Audit Report – extended upto 31.03.2022
- Amendments, extensions of due dates etc under Income Tax and GST laws
- Extension of due dates
- Income-tax (16th Amendment) Rules, 2021
- Extended due dates for various compliances under Income Tax Act
- Capital gains on Goodwill with depreciation
- Guidelines u/s 45 and 9B of IT Act
- Relaxation in filing of forms 15CA & 15CB
- Extension of due dates
- The Taxation Laws (Amendment) Act, 2021
- Income-tax (24th Amendment) Rules, 2021
- ITR filing due date – extended
- Clarification on carry forward of losses
- Authentication by Electronic Verification Code
- Applicability of rates under safe harbour rules
- Mandatory Aadhaar verification
- Certain provisions effective from 01.01.2022
- Restaurant service through e-commerce operators
DGFT
- Online Adjudication, Appeal & Review proceedings
- Import Authorisation for restricted matters goes online
- Foreign Trade Policy 2015-20 extended upto 30.09.2021
- Annual updation of IEC through online system – no filing fee applicable
- Online filing of request for closure of advance authorisation
- COVID-19 Helpdesk
- New e-EPCG Committee Module
- DFIA online scrips
- Extended due date – IEC updation for FY 2021-22
- Issue of benefits / scrips on hold
- Extension of FTP 2015-2020 till March, 2022
- Safe custody of digital tokens, documents, scrips etc.
- Electronic Filing of Registration Cum Membership Certificate (RCMC)
RBI
- Export Facilitation measures by RBI
- Export Facilitation measures by RBI
- No restrictions on opening of current account as stipulated by regulators
- RBIA now applicable to NBFCs and UCBs
- Extended period for parking of unutilised ECB proceeds
- Restrictions on Account Operations for Non-compliance – Relaxed
- Credit to MSME Entrepreneurs
- Resolution Framework 2.0 for COVID-19 stress – Individuals and Small Businesses
- Resolution Framework 2.0 for COVID-19 stress – Individuals and Small Businesses
- Resolution Framework 2.0 – revision in threshold for MSMEs
- Extended time for Udyam Registration
- Declaration of dividends by NBFCs
- Explanation added to indirect foreign investment definition
- ECB/TC- Transition from LIBOR to Alternative Reference Rate (ARR)
- Legal Entity Identifier for Cross Border Transactions
- Prompt Corrective Action (PCA) Framework for Non Banking Financial Companies (NBFCs)
- Restriction on storage of actual card data [i.e. Card-on-File (COF)]
SEBI
- Amendment to SEBI (AIF) Regulation, 2012
- Amendment to ICDR Regulations w.r.t. Rights Issue
- Extension of certain relaxation w.r.t. VC/OAVM General meetings
- Revised disclosures under PIT Regulations
- Code of conduct for MIIs
- Non- cash mode for Rights Issue available till 30.09.2021
- SEBI (LODR) – Amendments
- SEBI (LODR) – Amendments
- Extended due dates under LODR
- SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021
- SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021
- Increased limit for overseas investment by AIFs/VCFs
- Compliance Report on Corporate Governance
- Increased overseas investment limits – Mutual Funds
- SEBI BM Press release
- SEBI BM Press release
- Revised Framework for Regulatory Sandbox
- Minimum vesting period of ESOPs and SARs – relaxed in case of death of employees
- System Driven Disclosures now applicable for debt securities as well
- Ministry of MSME: Extended period for Udyam Registration
- Additional disclosure to SE by Cos undergoing CIRP
- Extension of time AGM – top 1000 listed entities
- SEBI (LODR)(Third Amendment) Regulations, 2021
- SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- Disclosure of shareholding pattern of promoter(s) and promoter group entities
- Submission of reports in XBRL mode by Debt issuers
- Applicable LODR disclosures for NCSLC’s
- Amendments approved in SEBI Meeting
- Online SCORES mechanism for obtaining login credentials
- Revised Audit Report and Limited Review Report formats
- Revised formats for financial statements
- More stringent norms for RPT disclosure
- More stringent norms for RPT disclosure
- Additional disclosure to AC and shareholders for RPTs
- Additional disclosures w.r.t. filing of Scheme of Arrangement
- Extension of timeline for conducting Annual Meeting and other meetings for REITs and InvITs through VC
- SEBI Circular to Registrar & Share Transfer Agents
- SEBI Circular to Merchant Bankers for issuance in primary markets by REITs and InvITs
- SEBI Circular to Debenture Trustees
- SEBI Circular to Stock Brokers
- SEBI Circular to Alternate Investment Funds
- SEBI Circular to Mutual Funds
- SEBI Circular to Portfolio Managers
- SEBI Circular to Research Analysts
- SEBI Circular to Investment Advisers
- SEBI Circular to Merchant Bankers in connection with Private Placement of units by InvITs
- SEBI Circular to Custodians and Designated Depository Participants
- Revised Penal provisions for Non-Compliance of Continual Disclosures
MCA
- Companies (Amendment) Act, 2020 – decriminalisation provisions effective
- GMs through VC / OAVM – Extended
- GMs through VC / OAVM – Extended
- VC Board Meetings for all agendas – Extended upto 30.06.2021
- Awareness campaigns for COVID-19 vaccination programme – Valid CSR expense
- Form CFSS-2020
- CSR provisions overhauled
- CSR provisions overhauled
- Relaxation of additional fee for Form AOC-4 till 15.02.2021
- Scheme for Condonation of Delay for Companies restored between 01.12.2020 & 31.12.2020
- Commencement date for specific sections under Companies (Amendment) Act, 2020
- Conversion of public company into private company – Rules Amended
- Option to extend period of reserved name – Available from 26.01.2021
- Small Company – Definition amended
- OPCs made more attractive
- Merger / amalgamation of Small companies and start ups – now allowed
- Reduced offer period for Rights Issue
- Definition of listed companies – Amended
- Producer Companies Rules, 2021
- Producer Companies Rules, 2022
- Penalty sections applicable to LLPs
- Abridged Annual Return for OPCs & Small Cos
- Form AGILE-PRO to include Aadhar authentication for GSTIN
- Remuneration to NED and IDs in case of inadequate profits
- Remuneration to NED and IDs in case of inadequate profits
- Remuneration to NED and IDs in case of inadequate profits
- Broadened scope of reporting by auditors in audit report
- Companies (Accounts) Amendment Rules, 2021
- Companies (Amendment) Act, 2020 – Sections notified
- Changes to Schedule III – Balance sheet & Profit & Loss statement
- Accounting software capable of maintaining edit log – applicable from 01.04.2022
- Accounting software capable of maintaining edit log – applicable from 01.04.2022
- Eligible CSR Activity to include setting up of COVID care facilities
- Relaxation of levy of additional fee upto 31.07.2021
- Relaxation of time for filing Charge forms (creation or modification)
- Relaxation of time for filing Charge forms (creation or modification)
- Time gap between 2 Board Meetings – extended by 60 days
- Eligible CSR Activities
- Clarification on offsetting the excess CSR spent for FY 2019-20
- MCA 3.0
- Registration for Shops & Establishment Act to form Part of Incorporation
- Relaxation of levy of additional fee upto 31.08.2021
- Relaxation of time for filing Charge forms (creation or modification)
- Increased threshold limits for SMCs – Companies (Accounting Standards) Rules, 2021
- Increased threshold limits for SMCs – Companies (Accounting Standards) Rules, 2021
- EGMs through VC/OAVM – extended till 31.12.2021
- Fee for renewal of name in ID data bank
- No restriction on matters that can be dealt with in VC / OAVM BMs
- Rectification of name of Company – No more fine for default
- New name allotted by CG – Default u/s 16
- COVID-19 vaccination for non-employees eligible as CSR expenditure
- Exemptions for foreign Cos in IFSCs located in SEZs
- Exemptions for foreign Cos in IFSCs located in SEZs
- Requirement criteria for completion of online proficiency test for IDs – revised
- Annual Report on Capacity Building of Independent Director
- FAQs on CSR
- Extended due date for filing form CRA-4
- Extended period for holding AGM till 30th November
- Relaxation of additional fee for Annual filing forms
- Relaxation of additional fee for filing FORM-8 for LLPs
- Extended due date for filing form CRA-4
- DINs disqualified from Nov 2016 de-flagged by MCA
- IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021
- Relaxation on levy of additional fees for Annual Filing Forms
- Clarification for holding of AGM through VC up to 30.06.2022
- Clarification for holding of AGM through VC up to 30.06.2022
- Clarification for Holding of EGM through VC up to 30.06.2022
Others
CBIC
- Clarifications on refunds in case of inverted duty structure
- ITC and amendment to invoices – allowed till 30 November
- SC directs GSTN to open portal for filing of TRAN-1 and TRAN-2
- Effective date – Sec 100-114 of the Finance Act, 2022
- Amendment to the CGST Rules
- CBIC Notification no. 17/2022-Central Tax dtd August 01,2022
- CBIC Circular no. 178/10/2022-GST dtd August 03,2022
- CBIC Circular no. 177/09/2022-TRU dtd August 03, 2022
CBDT
IBBI
- Proforma for Reporting Liquidator’s Decision(s) different from the Advice of SCC
- Start up definition aligned with DPIIT definition – fast track corporate insolvency resolution process
- IPs to disclose their fiduciary relationship
- Withdrawal of Circular dtd 26th August, 2019
- Temporary surrender of professional membership – ceases to exist
SEBI
- Foreign Investment in AIFs
- Updated Operational Circular- Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper
- Clarification on Scheme of Arrangement by NCD/NCRPS listed entities (‘debt listed entities’)
- Amendments to LODR
- Amendments to SEBI (AIF) Regulations
- Applicability of SEBI (PIT) Regulations extended to Mutual Funds
- Governing Council for SSE
- Maintenance of status after reclassification – Extended
- Framework for Social Stock Exchange
- FTP (2015-20) extended for 6 months
- SEBI Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/106 dtd August 04, 2022
- SEBI Circular no. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dt August 05, 2022
- SEBI Circular no. SEBI/HO/AFD-1/PoD/CIR/P/2022/108 dt August 17,2022
- Social Stock Exchange – new chapter inserted in ICDR Regulations
- New chapter in LODR Regulations for Social Enterprises
- Extension of timeline
- Levy of GST on fees payable to SEBI
- SEBI (Collective Investment Schemes) (Amendment) Regulations, 2022
- Annual report to shareholders
- Annual report to holders of Non-Convertible Securities
- Simplification and Standardization of process for Transmission of Securities
- Streamlining the process of Rights Issue
- Revised format of security cover certificate, monitoring and revision in timelines- Non-Convertible Securities
- Clarification on validity of omnibus shareholders’ approval for material RPTs under LODR
- “Asset Cover” replaced with “Security Cover” under LODR
- Clarification on RPT by NSE
- Revised procedure for transmission of shares
- Separation of Roles of CEO/MD and Chairperson
RBI
- Inclusion of GST Network as Financial Information Provider under Account Aggregator Framework
- Classification in middle layer – multiple NBFCs of a group
- RBI Notification No. FEMA 400/2022-RB dtd. August 22,2022
- Notification No. G.S R 646(E). dtd August 22, 2022
- RBI Master Direction- RBI/2022-2023/110 dtd August 22, 2022
- Liberalisation of Forex flows
- Valuation Certificate for transfer of shares should not be older than 90 days
MCA
- Roll out of forms on MCA V3
- Companies (Registered Valuers and Valuation) Rules, 2017 – Amended
- CSR Rules – Amended
- Definition of Small Companies – scope widened
- Clarification on Sch III amendments and AOC-4 filing
- DIR-3KYC verification – due date extended
- Books of Accounts in Electronic Mode
- Physical verification of Registered Office by ROC
- Notice for Strike off of Companies
- MCA21-V3 for Companies Forms
- Contribution to “Har Ghar Tiranga” campaign – eligible CSR activity
- Companies (Share Capital and Debentures) Amendment Rules, 2022
- Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022
- Clarification for holding of AGM through VC up to 31.12.2022
- Clarification for Holding of EGM through VC up to 31.12.2022
- Companies (Incorporation) Second Amendment Rules, 2022
- Form 11 LLP- Relaxation of additional fees
- Personal information from Registers and Return made unavailable for inspection and extracts
- Extension of due date – CSR-2 and implementation of accounting software with audit trail
- Nidhi (Amendment) Rules, 2022
- Banking Companies exempted u/s 77 from filing Form CHG-1 in certain cases
- Guidelines on LEI – applicability revised
- LLP (Second Amendment) Rules, 2022
- Ind AS standards amended as part of Annual Improvements to Ind AS (2021)
DGFT
CBIC
- Time limit for reporting Invoices on the IRP Portal
- No restriction for GST Registration for professionals on residential address
- GST dept to scrutinise I-T, MCA data to identify entities not paying taxes
- Advisory for the taxpayer wishing to register as “One Person Company” in GST
- SOP for cancellation of GST registration & repository of non-genuine taxpayers
- Maharashtra Amnesty Scheme
CBDT
SEBI
- Formulation of price bands for the first day of trading pursuant to IPO, re-listing etc. in normal trading session
- Advertisement code for RAs and IAs
- Usage of Brand Name / Trade Name by IAs or RAs
- Operational Guidance on amendments to SEBI Buy-Back Regulations
- Book closure and record date reporting on NEAPS
- Additional disclosures in Annual Secretarial Compliance Report (ASCR) by PCS
- Master Circular on Takeover Regulations
- Issue Summary Document – introduced
- Extension of relaxation for sending hard copies of documents
- Amendments to LODR
MCA
- Rules on strike-off of Companies – Amended
- IND AS Amendment Rules
- Extension for filing and additional fee relaxation for forms rolled out in MCA V3 – Feb 07, 2023
- Extension for filing and additional fee relaxation for forms rolled out in MCA V3 – Feb 21, 2023
- Submission of forms in physical mode to RoC
- Mega amendment notifications
- 15 days extension for filing and additional fee relaxation for 45 forms rolled out in MCA V3
- Form GNL-2 and MGT-14 can be physically submitted