Short Summary: Ministry of Corporate Affairs has issued circular No. 11/2021 dated 30th June 2021 as title “relaxation on levy of additional fees of certain forms of Companies Act and LLP Act” As per Latest Notification: As per this circular, if the due date of any form (except CHG-1, CHG-4, and CHG-9) falling between 1st …
Penalty/Fine on Late filing of e-form alongwith additional Fees (30th June 2021) It’s a common question amongst many professionals that “If company files e-form after due date whether there are any consequences except additional fees?” In this editorial, author will strive to answer the following: Whether Additional Fees is fine or Penalty? Provisions dealing …
To receive Part II & Part III of FAQ’s drop us message on whatsapp 8130657778 Total 37 FAQ’s Q 1. What is the basic functionality behind e-Form DPT-3? Ans. The e-form DPT-3 is a dynamic form which works on the basis of radio button selected by the user. Q 2. In which cases auditor’s …
Updated definition of (SMCs)- Small and Medium companies in Accounting Standard A greater flexibility to wider set of Companies Short Summary: Ministry has issued, The Companies (Accounting Standards) Amendment, Rules 2021 passed on 23rd June 2021. These Rules came into effect from 23rd June 2021. Short Summary: The ministry of corporate affairs (MCA) has raised the …
Clarification of Registration of INDEPENDENT DIRECTOR in Data Bank Short Summary: Ministry has issued, The Companies (Creation and Maintenance of databank of Independent Directors) Amendment, Rules 2021 passed on 18th June 2021. These Rules came into effect from 18th June 2021. Applicability: The new norms shall be applicable to Existing Independent directors and Individual who …
Clarification of Registration of INDEPENDENT DIRECTOR in Data Bank Read More »
CLARIFICATION ON BOARD MEETING THROUGH VIDEO CONFERENCING: Short Summary: Ministry has issued, The Companies (Meetings of Board and its Powers) Amendment, Rules 2021 passed on 15th June 2021. These Rules came into effect from 15th June 2021. Section 173 of Companies Act, 2013 allows to hold Board Meeting through physical as well as video conferencing …
CLARIFICATION ON BOARD MEETING THROUGH VIDEO CONFERENCING: Read More »
Summary: MCA has emerged with a Scheme on March 30, 2020, for all type of companies to file their forms even after the due date without any additional fees till December 31, 2020. There existed a condition with the scheme that after the completion of the Scheme, the Companies shall file the e-form CFSS with …
09 Quick FAQ’S ON- DPT-3 – Part – 3 To receive Part I & Part II of FAQ’s drop us message on whatsapp 8130657778 http://csdiveshgoyal.in/faqs-on-dpt-3/ Credit Card outstanding required to mention in DPT-3? As per Rule 16 all outstanding loans required to mention in DPT-3. If there is any outstanding of Credit card it shall be …
10 Quick FAQ’S ON- DPT-3 – Part – 2 To receive Part I of FAQ’s drop us message on whatsapp 8130757966 While filing DPT-3 for f.y. 2020-21, which date shall be mentioned for Closing of Account at colloum 7(a)? As per instruction Kit, Company must mention date of ‘Last Closing of Account’ at colloum no. …
DUE DATE CALENDAR F.Y. 2021-22 (01.04.2021 – 31.03.2022) S. NO. FORM PURPOSE OF FORM Periodicity LAST DATE TO FILE REMARK QUARTER – APRIL TO JUNE MSME-1 Form for furnishing half yearly return with the registrar in respect of outstanding payments to micro or small enterprises Half yearly (Oct – Mar) 30-April-2021 Applicable …
DUE DATE CALENDAR F.Y. 2021-22 (01.04.2021 – 31.03.2022) Read More »
The food business ecosystem is large and the 14-digit FSSAI number of any food business operator is not easily visible and available to consumer/service recipient. If the FSSAI number is not available to the consumer, expecting him to complain about complete coordinates is an uphill task. Even regulators find it difficult to trace the origin …
Ministry of Corporate Affairs has caused myriad amendments in the Companies Act, 2013. No. of Notifications appeared in April 2021 One No. of Circulars appeared in April 2021 One No. of Amendments in Rules appeared in April 2021 NIL No. of Notifications appeared in May 2021 NIL No. of Circulars appeared in May 2021 Five …
The due date of filing of E-form CFSS is 30 June 2021 for all the Companies. If Companies fail to file CFSS Form they will lose the immunity granted to them by CFSS Scheme. S. No. Act Form No. Form Description DUE DATE DATE OF EVENT 1 CA 1956 20B Annual Return. 60 Days Of …
Beginning of Era of MCA Website V3 MCA launched 1st Phase of version 3.0 of the website In the Budget 2021, our Hon’ble Finance Minister announced the MCA21- Version 3.0. In wake of the same, the Ministry of Corporate Affairs issued a press release on 05th February 2021. https://pib.gov.in/PressReleasePage.aspx?PRID=1695473 Eventually, MCA has launched the latest …
Legal forms in which a foreign company can set up its establishment in India? Branch Office Liaison Office Project Office Corporate Entity which could be wholly or partly owned by the foreign Company (FIPB route). Joint Venture/ Partnerships etc. For Establishment of Branch office of foreign Company in India. We have to follow provisions …
PROCESS OF INCORPORAITON OF BRANCH OFFICE OF FOREIGN COMPANY Read More »
The Complete process of LLP incorporation comprises various steps. Here in this article, we will describe the most essential step which is the “Process of Name approval (Name reservation) of LLP”. Step 1: Login on the MCA Website: The applicant has to login into their account on MCA Website. (Pro-existing users can use the earlier …
Process of Name approval of LLP through “RUN-LLP (Reservation Unique Name-LLP)” Read More »
Whenever anyone incorporates a Company in India as ‘Subsidiary” or “Wholly-owned Subsidiary (WOS)” of a Company incorporated outside India. Many questions came into notice like: What are the information/ Documents required from Foreign Company? Whether the presence of an authorized representative of foreign Company mandatory in India at the time of signing of documents. What …
PROCESS INCORPORATION OF FOREIGN SUBSIDIARY / WOS Read More »
Process of Name approval of LLP through “RUN-LLP-Reservation Unique Name-LLP” The Complete process of LLP incorporation comprises various steps. Here in this article, we will describe the most essential step which is the “Process of Name approval (Name reservation) of LLP”. Step 1: Login on the MCA Website: The applicant has to login into …
Process of Name approval of LLP through “RUN-LLP-Reservation Unique Name-LLP Read More »
S. NO. FORM PURPOSE OF FORM Periodicity LAST DATE TO FILE Extended Due Date REMARK QUARTER – APRIL TO JUNE 1 MSME-1 Form for furnishing half yearly return with the registrar in respect of outstanding payments to micro or small enterprises Half yearly (Oct – Mar) 30-April-2021 31st July, 2021 Applicable …
DUE DATE CALENDAR (First Quarter) F.Y. 2021-22 (01.04.2021 – 30.06.2021) Read More »
Quick Question: If Charge is created/ modified on or before December 02, 2020. Company fails to file such form. Whether such Company can take benefit of Circular dated 03rd May, 2021? As per applicability of Scheme. If 120 days already been expired on April 01, 2021, then such form can’t take benefit of this Circular. …
