A COMPLETE GUIDE TO LLP WHY LLP? When two or more persons desires to start a business, they have so many alternatives for the type of entity which can be advantageous for them like Partnership Firm, Private Limited Company or LLP. Here we will understand everything about LLP. What is LLP? · LLP stands for Limited…
As per the amendments to Schedule III to the Companies Act, 2013 and notification no. S.O. 368(E) dated 22nd January, 2019 issued by the Ministry of Corporate Affairs of India, the companies are required to make certain disclosures pertaining to the vendors registered under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act,…
(E-Form MSME-1) : LAST DATE IS 30.05.2019 As per MCA Notification dated 22.01.2019, every Company (Public or Private) which receives goods/services from MSME (Micro, Small or Medium Enterprise) and whose payments to MSME suppliers exceeds 45 days, shall file: (a) Form MSME-1 also has to be filed twice: i) First MSME-1 for amounts outstanding as…
1. Form INC-20A is required to be filed within 180 days of the date of incorporation of the Company; 2. If you try to file the form after the above mentioned period then it gives the error “Please file form INC-28 for condonation of delay and then proceed to file form INC-20A” 3. Form INC-28…
Some points and FAQs for Form DPT 3 This form is applicable on all companies except :- a government company a banking company a non-banking financial company registered with the Reserve Bank of India a housing finance company registered with the National Housing Bank established under the National Housing Bank Act, 1987. However, insurance companies…
Highlights of the Webinar by ICSI with MCA on June 17, 2019 are as under: (1) Filing of DPT-3: DPT-3 has to be filed in two ways: (i) One-time return- 01.04.2014 to 31.03.2019 (Amount received and outstanding) (ii) Annual Return- 01.04.2018 to 31.03.2019 (Amount outstanding) (2) Due Date: Form DPT-3 has to be filed on…
DAIRY UNITS INCLUDING MILK CHILLING UNITS EQUIPPED TO HANDLE OR PROCESS 1. Upload Production unit photograph 2. Blueprint/layout plan of the processing unit showing the dimensions in metres/square metres and operation-wise area allocation (mandatory for manufacturing and processing units only) 3. List of Directors with full address and contact details (mandatory for companies only) 4. …
NEW WEB-BASED KYC FOR DIRECTORS MCA with circular dated 27/06/2019, stated that every person who has already filed DIR-3 KYC will only be required to complete his/her KYC through a simple web b ased verific ation service , with pre filled data based on the records in the registry, for ease of verification by the person concerned. However, in case a person wishes to update his mobile no. or e-mail address, he would be required to file e-form DIR-3 KYC, as this facility of updation is not being proposed in the web-based service. In case of updation in any other personal detail, e-form DIR-6 may be filed for updation of the same before completion of KYC through the web-based service” The amendment in the relevant rules including the amendment related to extension of time (allowing for adequate time) for completion of KYC through e form DIR-3 KYC or the web-based service, will be notified shortly by the MCA
Clarification regarding Annual Returns and Reconciliation Statement via Press Release, Ministry of Finance , 03rd July 2019 Key points:- ????Role of CA is made clear. It is confined only to reconciliation of GSTR 9 and books and nothing beyond books. ????Expenses reco – Details of expenses on which ITC has been availed need to be…
DIRECT TAX BUDGET PROPOSALS ? 11 lac crore tax collection from ? 6 lac crore tax collection in last 5 years Corporate tax rate @ 25% for companies having ? 400 crore sales turnover, covering 99% companies Investment linked incentives to select sectors under section 35 AD 1.50 lacs additional deduction on interest on loans…