The Delhi Assembly on 30th July 2021, passed the Delhi Goods and Services Tax (Amendment) Bill, 2021, which is aimed at smoothening the taxpaying process, strengthening accountability and minimizing room for tax evasions.
Form MGT-9 is an extract of the annual return which contains details of the Company for one Financial Year and is annexed to the Board's Report of the Company.
The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide an exemption to listed PSUs.
The Cabinet on 28th July 2021 approved amendments to the LLP Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups.
Where a dividend has been declared by a company but has not been paid or claimed within 30 days from the date of the declaration by any shareholder then it shall be transferred to an “Unpaid Dividend Account”.
FLA is an Annual Return on Foreign Liabilities and Assets that is required to be filed by Indian Companies and LLPs. It is mandatory under FEMA 1999 and is to be filed by July 15 every year.
Rights issue is an invitation to existing shareholders to purchase additional new shares. Private placement is the sale of stock shares to pre-selected investors. Preferential allotment involves bulk allotment of fresh issue of shares at a pre-determined price.
It is clear that Companies can give a loan to their Managing Director/ WTD without any restriction under Section 185. However, as per Section 186, it is not mandatory to charge interest on such a loan.
In order to ensure that insolvency professionals remain compliant with the letter and spirit of IBC, IBBI has issued a circular on 'Monetary Penalties to be imposed by an Insolvency Professional Agency'.
Every company other than an OPC shall in each year, hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the FY.
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)