Corporate Law Reporter - The Daily Journal

MCA amends National Company Law Tribunal Rules, 2016

[To be published in the Gazette of India, Extra-ordinary, Part-ll, Section 3, Sub- section (i)l MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated the 5 July,2017 G.S.R. _ (E).- In exercise of the powers conferred by sub-section (l) and sub-section (2) of section 469 of the Companies Act, 20 13 ( 18 of 2013), the Central Government… Read More

MCA amends the Appointment and Qualification of Directors Rules

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, SubSection (i)l MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5 July, 2017 G.S.R, -(E).- In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4), clause (f) of sub-section (6) of section'1.49, subsections (3) and (4) of… Read More

MCA amends Schedule IV of the Companies Act 2013

Central Government, in exercise of powers conferred by Sub-section(1) of section 467 of Companies Act, 2013 makes amendment to Schedule IV of the Companies Act, 2013. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY' PART II' SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Corporate Affairs Notification New Delhi, dated, the 5th… Read More

Section 269ST of IT Act not applicable to receipts issued by certain institutions

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 S.O. 2065(E).—In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that the provision of section 269ST shall not apply to the following, namely:—… Read More

MCA amends Companies (Transfer of Pending Proceedings) Rules, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Ministry of Corporate Affairs Notification New Delhi, the 29th June, 2017 GSR _(E).- In exercise of the powers conferred under sub-sections (1) and (2) of section 434 of the Companies Act, 2013 (18 of 201 3) read with sub-section (1)… Read More

Govt. clarifies GST rates fixed for physically challenged persons

On GST rate for specified items for Physically Challenged Persons Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below. Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate: 1) Braille writers and… Read More

Cabinet Secretary reviews post GST situation with Secretaries of different Departments

Press Information Bureau Government of India Ministry of Finance 03-July, 2017 20:10 IST Cabinet Secretary reviews post GST situation with Secretaries and Senior Officers of different Departments; Ask them among others to ensure that there is adequate supply of commodities especially essential and consumer items to keep their prices under check. The Cabinet Secretary, Shri… Read More

With The Roll-Out of GST, Check Posts Get Abolished Across 22 States in India

The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts. The details are as under - Andhra Pradesh Arunachal Pradesh Bihar Gujarat Karnataka Kerala Madhya Pradesh Maharashtra Sikkim Tamil Nadu West Bengal Chhattisgarh Delhi Goa Haryana Jharkhand… Read More

Suppliers getting acclimatized to new tax system: PIB

Public Information Bureau Government of India Ministry of Finance 02-July, 2017 20:27 IST 2nd Day after roll-out of GST passed without any major problems; Dhabas and big Restaurants as well as from Kirana shops to Departmental Stores have started getting acclimatized to the new tax system;. Since 25th June, 2017, 2.23 lakh new dealers have entered… Read More

FAQ’s on Foreign Liabilities and Assets (FLA) annual return

The Annual Return on Foreign Liabilities and Assets (FLA) has to be filed by the Indian resident companies whosoever has received Foreign Direct Investment (FDI) and/ or made Overseas Direct Investment (ODI) in previous year(s), including the current year under FEMA 1999. The FLA return has to be filed by July 15 of every Year.… Read More

Govt. amends NOT. 28/2002-Central Excise, dated the 13th May, 2002

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 No. 20/2017-Central Excise G.S.R. 823(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 147 of the Finance Act, 2002 (20 of 2002), the Central… Read More

GSTN unveils excel template for data entry on GST portal

Press Information Bureau Government of India Ministry of Finance 02-July, 2017 18:42 IST GSTN unveils excel template for to help taxpayers perform easy data entry offline before uploading on the GST portal; Excel template together with an offline tool will make uploading large numbers of invoices much easier and quick; Offline Tool to be unveiled… Read More

CBDT to notify Income–tax (18th Amendment) Rules, 2017 w.e.f.19 July 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd July, 2017 G.S.R. 821(E).—In exercise of the powers conferred by section 44AB read with section 295 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act), the Central Board of Direct Taxes hereby makes… Read More