APPOINTMENT OF STATUTORY AUDITORS AND THEIR SERVICES UNDER THE COMPANIES ACT, 2013
SECTION 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules, 2014 deal with appointment of Auditors, the criteria to become Auditors and payment of their remuneration etc. The new Act has not simplified the process. It is for us to understand the complexities involved and to a possible extent… Read More
Version of certain MCA e-forms changed w.e.f 1st October, 2014
The Ministry of corporate affairs has issued a general notice informing all the stakeholders that version of certain e- forms have changed w.e.f 1st October, 2014. The forms are as follows: 1. DIR 6 2. ADT 3 3. MGT 10 4. 17 LLP 5. DPT 4 6. DIR 12 All the stakeholders are requested to… Read More
Mandatory e-filing of service tax return w.e.f 1st October, 2014
The Central Board of Excise and Customs have made the filing of service tax return filing mandatorily in electronic mode for all the assesses w.e.f 1st October, 2014. Therefore all the assesses are required to file the returns diligently making use of internet banking. Provided that the department has given powers to the Assistant commissioner… Read More
Extension of due date of TDS/TCS for September2014
The Central Board of Direct Taxes has issued an order dates 1st October, 2014 to extend the last date of deposit of tax deposited at source / tax collected at source during the month of September from 7th October 2014 to 10th October 2014 without levying any interest. However, the due date for filing of… Read More
Loans not to get cheaper but deposits may fetch less returns
Borrowing costs may not fall but deposit rates have already come down with which the public may earn less returns. There is no change immediately in the loan rates but soon it will be reduced which has given some hopes to the borrowers. The base rate will not come down immediately because credit demand in… Read More
SEBI Modified Investor Protection / Customer Protection Fund Guidelines
The Securities and Exchange Board of India has issued a circular dated 29th September, 2014 in continuation and in respect of the circulars issued on 16th June, 2011 w.r.t. guidelines for Investor Protection and Customer Protection Fund. In the light of the above the SEBI has received various representations from the stock exchanges and it… Read More
Modi attracts US top lawmakers and NRI’s with Madison Garden Speech
Prime Minister Modi attracted the NRI's of US and the top lawmakers with his Madison Garden Speech. He was declared as an effective and a visionary leader who inspired the spectators at the Madison Garden. He expressed his views on minimum government and maximum governance, and promises to reduce the regulatory norms in respect of… Read More
Seminar on Negotiation, Structuring and Documentation of PE/VC and M&A Deals
Successful deal making strategies would not be complete without supreme command of the negotiation process and sound understanding of the structural elements of the deal. The combination of Negotiation, Structuring & Documentation impact the outcome of the deal. VCCircle upcoming workshop on Structuring & Negotiation of PE and M&A Deals will upgrade & enhance your… Read More
IT Return Filing date deferred till 30th Nov. 2014 for assesses requiring Tax Audit u/s 44AB of IT Act, 1961
The Central Board of Direct Taxes has issued an Order dated 26.09.2014 and has deferred the date of filing of Income Tax Return till 30th November, 2014. The stakeholders have filed various representations to the department for extending the due dates of the filing of IT return since the due date to furnish the Tax… Read More
Ministry of Corporate Affairs asks companies to make filings well in time
The Ministry of Corporate Affairs has issued a General Notice asking the stakeholders to avoid congestion w.r.t. Annual e-filings and to make filings on time. The move also comes against the backdrop of the Ministry launching the Company Law Settlement Scheme that provides immunity for thousands of entities that have defaulted on making statutory filings.… Read More
Seminar on Negotiation, Structuring and Documentation of PE/VC and M&A Deals
Successful deal making strategies would not be complete without supreme command of the negotiation process and sound understanding of the structural elements of the deal. The combination of Negotiation, Structuring & Documentation impact the outcome of the deal. VCCircle upcoming workshop on Structuring & Negotiation of PE and M&A Deals will upgrade & enhance your… Read More
Nation’s GDP growth rate to increase at 8% in the next 2-3 years
The former Finance Minister of India Shri P. Chidambaram speculated with confident words that India can achieve 8% growth rate in the next few years by reducing the fiscal deficit. Further, if the new government will continue to move on reducing the fiscal deficit, promoting savings and investments by introducing various incentive schemes and mobilize… Read More
Seminar on FEMA & FDI Policy: Emerging Issues and Recent Developments at Bengaluru by VC Circle
India is one of the largest FDI destinations in the world. With the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and outbound investments rising, it is essential to understand the rules,… Read More
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