Audit Committee and Nomination & Remuneration Committee under the Companies Act, 2013 The Companies Act, 2013 places strong emphasis on corporate governance by mandating the constitution of various Board Committees for specified classes of companies. These committees help the Board discharge its responsibilities more effectively and improve transparency, accountability, and stakeholder confidence. The key committees …
GST Registration for Scrap Dealers Background Recent GST amendments have significantly changed the compliance framework applicable to scrap dealers. Earlier, businesses engaged exclusively in reverse charge supplies of metal scrap were generally exempt from GST registration under Notification No. 5/2017-Central Tax. However, with the implementation of Reverse Charge Mechanism (RCM) on various categories of scrap …
Mandatory document checklist for GST registration as per CBIC Circular No. 257/03/2026-GST CBIC Circular No. 257/03/2026-GST: Checklist & documents contains the mandatory document checklist for GST registration and the proof of Principal Place of Business (PPOB) requirements applicable to various business entities. Documents Required Based on the Constitution of Business for GST Registration Business Constitution …
Annual Disclosure by NPOs & Annual Impact Report under Social Stock Exchange The Social Stock Exchange framework under SEBI does not merely permit fundraising by Not-for-Profit Organizations. it also imposes a robust disclosure and social impact reporting mechanism. The objective is to ensure transparency, accountability, and measurable social outcomes for all entities registered with or …
Minimum Initial Disclosure for NPOs Issuing ZCZP Instruments on the Social Stock Exchange (SSE) Under Regulation 292K of the SEBI ICDR Regulations, every Not-for-Profit Organization (NPO) raising funds through Zero Coupon Zero Principal (ZCZP) Instruments must provide comprehensive disclosures in its Draft and Final Fund Raising Document. These disclosures help donors, investors, regulators, and stakeholders …
Social Stock Exchange (SSE): Registration, ZCZP Fund Raising & Disclosure Framework for NPOs The SEBI framework for the Social Stock Exchange (SSE) is designed to create a transparent and regulated ecosystem through which eligible Not-for-Profit Organisations (NPOs) can raise funds for social impact projects. The framework prescribes eligibility conditions, registration requirements, disclosure standards, and procedures …
Complete Guide to GST Registration Guidelines: Circular No. 257/03/2026-GST: The CBIC has issued Circular-No-257-03-2026 dated 26 October 2026 to streamline the GST registration process, reduce unnecessary queries, and ensure faster registration for genuine taxpayers while preventing fake registrations. Clear Eligibility for GST Registration GST registration is required when the aggregate turnover exceeds the prescribed threshold: …
MCA Extends ROC Filing Due Dates for FY 2025-26: Detailed Analysis The Ministry of Corporate Affairs (MCA), through General Circular No. 05/2026 dated 24 October 2026, has granted significant relief to companies by extending the period for filing Financial Statements and Annual Returns for FY 2025-26 without payment of additional fees. This relaxation was provided …
Big TDS Update: Old TDS Challan Can Be Utilized in Another Tax Year Unutilized TDS Challan Amount: Utilization in Future Quarters, Financial Years and Against Past Defaults A significant relief has emerged for deductors facing issues due to incorrect selection of the Financial Year (FY), Assessment Year (AY), or Tax Year (TY) while depositing TDS. …
Karwa Chauth Gold Buying Guide: Jewellery vs Digital Gold On Karwa Chauth, gold is often part of the celebration. A mother-in-law may include a gold ornament in the sargi, while a husband may gift jewellery after the fast is broken. Bangles, rings and necklaces have long been popular choices. Today, couples can also consider digital …