The MCA, through its notification dated 12th February, 2025, has amended the Companies (Prospectus and Allotment of Securities) Rules, 2014, extending the deadline for compliance with dematerialisation requirements by non-small private companies. Previously, companies that were not classified as small as of 31st March, 2023, based on their audited financial statements, were required to comply wit......

MCA Notification No. G.S.R. 476(E) Dtd. 05th August, 2024 On 5th August, 2024, the MCA issued Notification No. G.S.R. 476(E), announcing the Companies (Adjudication of Penalties) Amendment Rules, 2024. These new rules are set to come into force on 16th September, 2024 and represent a significant shift towards digitization in the adjudication process. The highlight of this notification is t......

MCA Notification No. G.S.R. 475(E) Dtd. 05th August, 2024 The MCA, vide its Notification No. G.S.R. 475(E) dated 5th August, 2024, has introduced the Limited Liability Partnership (Amendment) Rules, 2024. These amendment rules shall take effect from 27th August, 2024. A significant change brought about by this amendment is the centralization of the strike-off process for Limited Liability......

28th June 2024 marks a significant milestone for food businesses in India, as the Food Safety and Standards Authority of India (FSSAI) introduced the first phase of the Instant/Tatkal License/Registration on the Food Safety Compliance System (FoSCoS) portal. This new scheme aims to streamline the licensing process, offering instant grants of licenses/registrations to selected low-risk food busines......

MCA General Circular No. 02/2024 Dtd. 19th February, 2024 The MCA, has recently announced the availability of a new Change Request Form (CRF) on the V3 portal, intended to enhance the convenience of users accessing MCA-21 services. However, stakeholders are advised that this web-based form is to be utilized under exceptional circumstances only, and for specific purposes that cannot be accommodat......

In the ever-evolving landscape of taxation, staying abreast of amendments and additions to existing provisions is crucial for businesses. One such recent addition is Section 43B(h), which was inserted through the Finance Act, 2023 in the Income Tax Act, 1961. Section 43B(h) states that any sum payable by the assessee to a Micro or Small Enterprise beyond the time limit specified in Section 15 of t......

Introduction: Recently, the MCA had taken a significant step towards enhancing transparency and compliance within the corporate sector by notifying crucial amendments regarding LLPs. In a recent development, the MCA issued notifications pertaining to the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, and the Limited Liability Partnership (Third Amendment) Rules, 2023. ......

The MCA, through its Notification No. S.O. 446(E) dated 2nd February 2024, has announced the establishment of a Central Processing Centre (CPC) in Manesar. The CPC will now be responsible for processing and disposing of e-forms, replacing the jurisdictional State Registrars in this capacity. However, the Jurisdictional Registrars will retain authority over companies regarding all other provisions ......

Introduction: The food industry is a critical sector that demands stringent regulatory compliance to ensure the safety and quality of consumables. The FSS (Licensing and Registration of Food Businesses) Regulations, 2011, set out guidelines for Manufacturers and Importers to submit their annual returns by 31st May each year. Recognizing the need for flexibility and rectification of inadvertent er......

In the dynamic landscape of the food industry, adherence to regulatory frameworks is crucial for ensuring the safety and quality of consumables. The Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011, govern this aspect in India, laying down stringent guidelines for businesses to obtain licenses and registrations. A recent order, introduces a mechanism for ......

In a groundbreaking move, the Food Safety and Standards Authority of India (FSSAI) has introduced a special provision to promote gender equality and inclusivity in the food business sector. This initiative aims to provide equal opportunities for women and transgender entrepreneurs, who have historically faced barriers in accessing business opportunities. Under the new provision, FSSAI’s onl......

The following are the due dates for filing various forms for a One Person Company (OPC): Form Due Date AOC-4 Within 180 days from the closure of financial year i.e., 27th September of every year. MGT-7A Within 60 days from the date of entry (signing) of resolution served by the member to adopt the financial statements in the minutes book. [deemed date of A......

The MCA vide its General Circular No. 08/2023 dated 23rd August, 2023, has launched an LLP Amnesty Scheme. This scheme aims to provide condonation of delay to LLPs in filing of form-3, form-4 and form-11. The MCA upon receiving representations from stakeholders that certain LLPs are finding difficulties in filing form-3, form-4 and form-11 due to various reasons like, mismatch in master data, et......

In recent times, we have noticed that a response letter dated 05.05.2023, regarding an application for registration as a Trademark Agent, is circulating on WhatsApp. In the response, the concerned authority has mentioned that the Company Secretaries Act, 1980, does not list the Trade Marks Act, 1999 for practicing as a CS as well as a Registered Trademark Agent. The authority requested the applica......

The CBIC vide Notification No. G.S.R. 245(E) dated 31st March, 2023, has lowered the cap of late fees payable on late filing of Form GSTR-4. The late fees payable in case of NIL return shall be ZERO and in case of other than NIL return it shall be restricted to Rs. 250, for the registered persons who fail to furnish the return in form GSTR-4 for the quarters from July, 2017 to March, 2019 or ......

The CBIC vide Notification No. G.S.R. 250(E) dated 31st March, 2023, has notified the revised late fees table, and capped late fees for previous returns pending for filing. Class of Reg. Person Amount Registered persons having an aggregate turnover of up to Rs. 5 crore in the relevant F.Y. Rs. 25 per day, subject to a maximum of an amount calculated at 0.02% of turnover......

The CBIC vide Notification No. G.S.R. 249(E) dated 31st March, 2023, has notified that the registered persons who failed to furnish a valid return within a period of 30 days from the service of the assessment order issued on or before the 28th February, 2023 under section 62(1), as the classes of registered persons, in respect of whom said assessment order shall be deemed to have been withdrawn, i......

The CBIC vide Notification No. G.S.R. 247(E) dated 31st March, 2023, has notified the CGST (Amendment) Rules, 2023 and vide Notification No. G.S.R. 248(E) dated 31st March, 2023 has amended notification dated 26th December, 2022. These notifications shall be deemed to have come into force from 26th December, 2022. The amendment pertains to Aadhaar authentication while submitting application for re......

The CBIC vide Notification No. G.S.R. 246(E) dated 31st March, 2023, has notified that the registered persons whose GST registrations got cancelled u/s 29(2)(b) or (c) on or before 31st December, 2022 and no application for revocation of cancellation was filed within the due date, shall be allowed to file the same by following the below mentioned procedure: Application shall be filed on or before......

In continuation to Ministry’s Public Notice dated 23rd September, 2022 the Central Government, in public interest, has decided that, - the FCRA registration certificates whose validity was extended till 31st March, 2023 in terms of Public Notice dtd. 23rd September, 2022 and whose renewal application is pending, shall stand extended up to 30th September, 2023 or the date of disposal of rene......