TAXATION OF MSME UNDER INCOME TAX ACT,1961 OVERVIEW: MSME is the abbreviation used for Micro, small and medium enterprises. MSM Enterprises or small-scale industries (SSIs) are like a backbone of the economy of the developing country like India. The growth of these industries directly impacts the growth of the Indian economy in a positive way. […]
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A BRIEF SUMMARY OF COMPANIES (CSR) AMENDMENT RULES, 2022 A company having any amount in its Unspent Corporate Social Responsibility (CSR) Account as per sub-section (6) of section 135 of the Companies Act, 2013 shall constitute a CSR Committee and shall comply with the provisions contained in sub-section (2) to (6) of the said Act.
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IMPORTANCE OF COMPANY SECRETARY UNDER COMPANIES ACT, 2013 A company secretary is a senior position in a private sector company or public sector organization. The company secretary is responsible for the efficient administration of a company, particularly regarding ensuring compliance with statutory and regulatory requirements and ensuring that decisions of the board of directors are implemented. WHO IS A
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KNOW EVERYTHING ABOUT DUE DILIGENCE INTRODUCTION Due Diligence means process of investigation, verification and examination of various Legal as well as financial database a Company holds which includes a vast check on its history with regard to financial performance, its assets and obligations and the reputation it holds in the market. Before making any investment
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INCORPORATION OF RULE 25B: PHYSICAL VERIFICATION OF REGISTERED OFFICE OF COMPANY MCA has introduced an amendment in Companies (Incorporation) Rules, 2014, and inserted a new rule 25B as in which the ROC can physically verify the registered office of the Company to check the authenticity of the registered company. WHAT IS THE PURPOSE OF INSERTING
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SECTION 44ADA: RECENT AMENDMENTS UNDER INCOME TAX ACT Overview: Section 44ADA provides a simple method of taxation for small professionals. Section 44ADA offers a scheme of presumptive taxation of profits and gains arising from professions mentioned under Section 44AA(1) of the Income Tax Act, 1961. The benefit of section 44ADA can be taken only by
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FORM DPT3: REVISED FROM FOR EXEMPTED DEPOSITS DPT-3 was introduced by MCA on 22nd January 2019 by an amendment in Deposit Rules. By these amended rules “One explanation added in Rule 16”. What is the purpose of Form DPT-3? As this form was introduced in 2019, the basic purposes of this form are: To get
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ISSUANCE OF DUPLICATE SHARE CERTIFICATE IN INDIA INTRODUCTION: Share Certificates issued to the Companies are sometimes due to some unforeseen circumstances lost or misplaced by the Shareholders. The loss of Share Certificates can lead to huge financial loss to Shareholders as well as the Company. To avoid any unnecessary loss to the Shareholders and the
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MCA EXTENDS ANNUAL GENERAL MEETING Introduction: An Annual General Meeting (AGM) is held to have an interaction between the management and the shareholders of the company. The Companies Act, 2013 makes it compulsory to hold an annual general meeting to discuss the yearly results, auditor’s appointment,s and so on. A company should follow the procedures
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RECENT AMENDMENT IN REGISTRATION OF CHARGES UNDER COMPANIES ACT,2013 Ministry of Corporate Affairs (MCA) has notified the Companies (Registration of Charges) Amendment Rules, 2022 to further amend the Companies (Registration of Charges Rules, 2014 vide notification no. G.S.R. 320(E) dated April 27, 2022. Amendments have been made in rule 3 (Registration of creation or modification
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