MCA General Circular No. 4/2023
GENERAL CIRCULAR NO. 04/2023 Extension of Time for filing of 45 company E-Forms, PAS-03 and SPICE+ Part A in MCA-21 Version-3 without additional fee. Due to change in way of filing in V-3 including fresh process of registration of users on MCA-21 and the process of stabilization of 45 forms launched with effect from 23.01.2023 […]
Revamp of MCA21 site
Revamp of MCA21 site – A news in the air on 20.02.2023 On 20.02.2023, the ministry of corporate affairs is going to simplify the process for corporate reporting, eliminating the need for approval by Registrars of Companies (RoCs) in most of the cases and allowing companies to fulfil their reporting obligations with an online acknowledgement. […]
How to open a Demat Account online
How to open Demat Account online Documents required for opening a Demat Account online: PAN Card of Applicant Aadhar Card of Applicant Bank Passbook of Applicant (for account number) PAN Card of Nominee (only if applicant wants to appoint a nominee) Aadhar Card of Nominee (only if applicant wants to appoint a nominee) Other details […]
Formation of Trust
FORMATION OF TRUST Trust is a formal organization established by law to keep and administer assets for the benefit of one or more people. The trust may be established for any objective, including the beneficiaries’ financial security. Settlor is a person who forms a trust. Trustee is a person or firm that holds and […]
Section 80G of Income Tax Act,1961-Deductions in respect of donations to certain funds.
SECTION 80G OF INCOME TAX ACT, 1961 Deductions in respect of donations to certain funds, charitable institutions, etc. Individuals who make donations to specified funds and trusts are eligible for tax breaks under Section 80G of the Income Tax Act of 1961.The amount of deduction allowed is equal to the amount donated, subject to the […]
Compliance Calendar for February 2023
COMPLIANCE CALENDER FOR MONTH OF FEBURARY 2023 Compliance Calendar under GST S.No. Particulars Forms/Returns Due Date 1. Due date for filing GSTR-7 to be filed by the person who is required to deduct TDS under GST for the month of January 2023 GSTR-7 10.02.2023 2. The due date for furnishing statement by e-commerce […]
Compounding of certain offences under the Companies Act, 2013
Compounding of Certain Offences Under the Companies Act, 2013 Relevant Section, Rules, and Forms Section 441 of the Companies Act, 2013 Rules 7, 8 and 12 of Companies (Registration Offices and Fees) Rules, 2016 and Rule 88 of National Company Law Tribunal Rules, 2016 Forms: GNL-1, INC-28, NCLT-9, RD-1 Provisions relating to Compounding. In […]
MCA General Circular No. 3/2023
General Circular No.3/2023 Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3 without additional fee. Due to difficulties on filing on V-3 portal, forms as given in circular 1/2023, for those 45 forms further additional time of 15 day has been provided for filing of the forms without […]
Effect of Section 40A(3) in case of payment to director in cash
Section 40A (3): Amount not deductible in respect of expenditure exceeding 10,000 rupees if made in cash. If a person incurs any expenditure (which is deductible under other provisions of Income Tax Act,1962 for computing business/profession income) in respect of which payment/aggregate of payments in excess of 10,000 rupee is made, otherwise than by account […]
RETIREMENT BY ROTATION
RETIREMENT BY ROTATION Section 152(6) of the companies act, 2013 is applicable only on public company, according to it – 2/3 of the total directors in a co. is liable to retire by rotation and those directors are called as Retiring directors, out of the retiring directors (2/3rd of Total number of directors) 1/3rd of […]
