Articles by CS Tanveer Singh Saluja

In-depth analysis of Section 115BAC & Form 10-IE

Posted by CS Tanveer Singh Saluja 21 July 2021 14626 Views

The introduction of a new tax regime is the biggest development and point of confusion for taxpayers. The FM announced a new set of tax slab rates for individuals, HUFs and co-operative societies.

SOP for delisting of Subsidiary Company

Posted by CS Tanveer Singh Saluja 21 July 2021 1242 Views

SEBI has issued a Circular to bring into action Standard Operating Procedures for listed subsidiary companies desirous of getting delisted, through a Scheme of Arrangement.

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021

Posted by CS Tanveer Singh Saluja 21 July 2021 1035 Views

IBBI has notified a new set of regulations to amend the existing IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette.

MGT-7 or MGT-7A? Which one to file?

Posted by CS Tanveer Singh Saluja 21 July 2021 5581 Views

Every company shall file its annual return in Form No. MGT-7 except for a One Person Company and Small Company. OPC and Small Company shall file the annual return from the FY 2020-2021 onwards in Form No. MGT-7A.'

Section 194P: TDS in case of specified senior citizen - Relaxation from filing ITR

Posted by CS Tanveer Singh Saluja 21 July 2021 9361 Views

Section 194P of the Income Tax Act was introduced in Union Budget 2021 to provide conditional relief to senior citizens above the age of 75 years from filing an ITR.

Minimum & Maximum Age Of Directors

Posted by CS Tanveer Singh Saluja 20 July 2021 12810 Views

The Companies Act talks about the age limits of only MD/WTD/Manager, on the other hand, LODR Regulations talk about the minimum age of IDs and maximum age of NEDs (which includes ID).

Annual Return on Foreign Liabilities and Assets (FLA)

Posted by CS Tanveer Singh Saluja 18 July 2021 2675 Views

FLA Return is an Annual Return that is required to be submitted by those entities which have received FDI and/or made overseas investments in any of the PYs including the Current Year.

Whether MGT-9 is required or not?

Posted by CS Tanveer Singh Saluja 16 July 2021 11996 Views

There's confusion amongst Professionals regarding the requirement of preparing form MGT-9 for F.Y. 2020-21. For that matter, let's take into consideration the developments made by the Ministry from time to time.

Analysis on ADT-1 for appointment of first auditor

Posted by CS Tanveer Singh Saluja 07 July 2021 5482 Views

As a good Corporate Governance practice, it is always advisable to file form ADT-1 upon the appointment of the first auditor. This is beneficial from each and every stakeholder's point of view.

Relief Packages announced / extended by Union Finance Minister, Smt. Nirmala Sitharaman

Posted by CS Tanveer Singh Saluja 02 July 2021 2430 Views

FM Nirmala Sitharaman on 28th June 2021 announced the Economic Relief Package due to the adverse impact of the second wave of the COVID-19 pandemic. Let us discuss the same.