What are the Annual Filling Under Company Act Following forms to be filed with ROC: MGT-14 (For approval of financial Accounts and Board’s Report) AD T -1 (For appointment of Auditor) AOC-4 or AOC- 4 XBRL (For filing of Notice, Directors’ Report and Financial Statement) MGT-7 (For Annual Return) 1. Form MGT-14: (Need to file …
HOW TO PREPARE ANNUAL RETURN AS PER COMPANIES ACT, 2013 (MGT-7) A. INTRODUCTION: Section 159,160,161,162 & Schedule V deals with the Annual Return & related Provisions under Companies Act, 1956. But in Companies Act, 2013 all these Sections are combined together in one Section namely – 92. Annual return is a yearly statement, required to …
CHARTER DOCUMENTS FOR A CORPORATE ENTITY COMPANY SECRETARIAL SERVICES IN NEW DELHI A Corporate entity is incorporated under the Companies Act, 1956 (Act) and is governed by the provisions of the Act. Notwithstanding the binding force of the Act, every corporate entity being a private limited company, public limited company or the recently introduced Limited Liability …
CORPORATE UPDATES ON SEBI, DVAT, MCA, SEZ, DGFT A. Bombay Stock Exchange (BSE) BSE has changed the head of Payment of SEBI Turnover Fees of Equity Segment/Equity Derivative/Currency Derivatives Segment/Interest Rate Derivatives/New Debt Segment. Trading members of the Exchange are hereby informed that the SEBI Turnover fee for the month ended will be debited to their respective …
COMPANIES (AMENDMENT) ACT 2015 – AMENDMENTS AT A GLANCE In a move to reduce compliance, to attract the new investment and for ease of doing business government has made following amendments. Companies (Amendment) Act 2015 – Amendments at a glance….. This Act shall come into force on 26th May, 2015 Details Of Amendment: The proposed amendments deal …
SEBI PROPOSES TO RELAX OPEN OFFER OBLIGATIONS (RESULTING FROM FORFEITURE OF SHARES) UNDER TAKEOVER CODE Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. Forfeiture is undertaken by the company as per the provisions of the Companies Act 2013 …
LIST OF SPECIAL RESOLUTIONS TO BE PASSED UNDER COMPANIES ACT, 2013 As per section 114(2): A resolution shall be a special resolution when; The intention to propose the resolution as a special resolution has been duly specified in the notice sent for meeting; The notice required under this Act has been duly given; and The …
Service tax is not leviable under reverse charge mechanism for use of CRS/GDS” Dear Professional Colleague, Recently, the Delhi CESTAT, in the case of M/s Continental Airlines Inc. v Commissioner of Service tax, New Delhi 2015-TIOL-1481-CESTAT-DEL, has held that Service tax shall not levied in respect of the payments made to CRS/GDS under reverse charge mechanism and airport …
Highlights of Key Income Computation and Disclosure Standards (ICDS) CBDT vide its Notification No: 32/2015 dated 31-03-2015 notified 10 Income Computation and Disclosure Standards (ICDS) which is to be followed by all assesses at the time of computation of income chargeable to income tax under the head “Profit and gains of business or profession” or “ Income …
Service tax shall not liable in respect of the packaging of fertilizer Recently, the Supreme court in the case of Commissioner of Central Excise, Goa. v/s M/s. New Era Handling Agency, (2015) 59 438 (SC), has held that manufacturing is not complete without packaging and therefore, packaging would be essential part of manufacturing and Service tax shall not …