TOP 10 FAQ’S ON LLP AFFAIRS & Latest Extension
Q1. Can an existing partnership firm be converted to LLP?
Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of ...
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The Blogs
” PLI scheme for the Pharmaceutical Sector”
PLI scheme for the Pharmaceutical Sector
“Worth Rs 15, 000 crore incentives for Pharma Industry”
A Production-Linked Incentive, or PLI scheme, provides incentivesin the form of tax rebates, import and export duty concessions, or maybe easier land-acquisition terms etc. to companies ...
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“BSE direction on Filing of Related Party Transactions in XBRL mode”
"BSE direction on Filing of Related Party Transactions in XBRL mode"
The Bombay Stock Exchange (BSE) vide notice no. 20210906-31 dated 06th September, 2021 has issued circular w.r.t. Filing of Related Party Transactions in XBRL mode, in order to help ...
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“E-PLI BOND – DIGITAL PLI POLICY BONDS LAUNCHED”
“E-PLI BOND – DIGITAL PLI POLICY BONDS LAUNCHED”
The Department of Posts has launched the digital version of the Postal Life Insurance policy bonds, also termed as “e-PLI bond”. Launched in collaboration with Digi-locker, e-PLI bond is expected to facilitate ...
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CBDT CLARIFICATION REGARDING CARRY FORWARD OF LOSSES
CBDT CLARIFICATION REGARDING CARRY FORWARD OF LOSSES
CBDT clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
Aims to make disinvestment deals more attractive for strategic investors
In order to make disinvestment deals of ailing ...
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“EMERGENCY CREDIT LINE GUARANTEE SCHEME MODIFIED AND EXTENDED TILL 31.03.2022”
“EMERGENCY CREDIT LINE GUARANTEE SCHEME MODIFIED AND EXTENDED TILL 31.03.2022”
Ministry of Finance vide press release 1759251dated 29th September, 2021 has extended the scope of ECLGS’ and scheme extended till 31.03.2022 or till guarantees for an amount of Rs. ...
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“ANNUAL COMPLIANCE FOR SECTION 8 COMPANIES”
"ANNUAL COMPLIANCE FOR SECTION 8 COMPANIES"
Annual Compliance For Section 8 Companies
Under the Company Law provisions, the concept of Section 8 companies permitted companies with charitable objects etc. to be registered without the words ‘Limited’ or ‘Private Limited’.
Section 8 ...
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“Telecom Reforms – Govt. Simplifies KYC processes”
"Telecom Reforms - Govt. Simplifies KYC processes"
Highlight:
As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections.
Telecom service providers will be charged Re 1 per customer authentication by the UIDAI.
Customer consent has been made compulsory in ...
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“AGM Extension 2021 – Key Provisions & Draft Extension Application”
"AGM Extension 2021 - Key Provisions & Draft Extension Application"
The concept of Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders ...
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Online EPF Transfer Process from EPFO member portal
Online EPF Transfer Process from EPFO member portal
Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Instructions for transfer online EPF during this Pandemic situation (COVID-19)". Members with authenticated Aadhaar and Bank ...
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“Penalty Rs. 10,000 on ATMs soon, for non-replenishment with cash”
"Penalty Rs. 10,000 on ATMs soon, for non-replenishment with cash"
RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash
Key Highlights:
Banks to be fined for non-availability of cash in ATMs.
The RBI will start imposing penalties on ...
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“Cabinet approves continuation of 1,023 fast-track special courts for 2 years”
“Cabinet approves continuation of 1,023 fast-track special courts for 2 years”
Key Highlights:
Cabinet approves continuation of Centrally Sponsored Scheme for Fast Track Special Courts for further 2 years
Continuation of 1023 Fast Track Special Court (FTSCs) including 389 ...
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“ AGM Extension by Top 100 Listed Entities by Market Capitalization”
“ AGM Extension by Top 100 Listed Entities by Market Capitalization”
Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published“Extension of time for holding the Annual General Meeting (AGM) by top 100 listed entities by market capitalization”in ...
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“ Recognition to CS under IFSCA”
“ Recognition to CS under IFSCA”
Recognition to Company Secretary under the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021
The Institute in furtherance of its endeavours to provide new opportunities to its members has been ...
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“SEBI issues guidelines on issuance of NCDs along with warrants”
"SEBI issues guidelines on issuance of NCDs along with warrants"
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DIL/CIR/P/2021/614issued and publishes dated 13thAugust, 2021, has introduced“Guidelines on issuance of non-convertible debt instruments along with warrants (‘NCDs ...
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“Arbitration under MSMED Act”
"Arbitration under MSMED Act"
The Micro, Small and Medium Enterprises (“MSMEs”) are an extremely critical sector for India’s economic growth. This has been highlighted during the tough times of COVID-19, where special financial stimulus packages have been showered on this ...
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“MCA amends disclosure norms in financial statements (Schedule III)”
"MCA amends disclosure norms in financial statements (Schedule III)"
Ministry of Corporate Affairs made an announcement of the amended of Schedule 3 of the Companies Act, 2013 vide Press Release id no. 1744542 dated 10th August, 2021 with an aim ...
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“Corporate Compliance Calendar for the M/o August, 2021”
"Corporate Compliance Calendar for the M/o August, 2021"
Compliance Requirement Under
Income Tax Act, 1961
Goods & Services Tax Act, 2017 (GST) and Important Updates / Circulars
Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
Other Statutory Laws ...
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