Directorate General of Foreign Trade vide its Notification No 58, dated 12th February, 2021 came up with provisions for Amendment of Importer Exporter code related provisions under Chapter-1 and Chapter -2 of the Foreign Trade Policy 2015-2020. As per the amended provision an IEC Holder has to ensure that details in his IEC is updated every year, during April- June period and in case there is no ......

Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business- Niall Fitz Gerald The MCA has notified Section 135 of the Companies Act, Schedule VII and CSR Policy Rules 2014 for CSR. Applicability Section 135(1) (1) Every company having net worth of rupees fiv......

MCA vide its General Circular No. 6/2020 dated 4th March 2020 came out with LLP Settlement Scheme 2020. To promote ease of doing business  Government came up with one time relaxation in additional fees to the defaulting LLP’s to make good the default by filing pending documents and to become compliant again. The Scheme will come in to force from 1st March, 2020 and shall remain in for......

Brief about the Scheme: MCA vide its circular dated 30/03/2020 came out with Company Fresh Start Scheme 2020 (CFSS-2020) So as to enable Companies to file pending Annual filing documents, financial statements, belated returns etc. in the MCA registry without being subject to higher fees on account of any delay and granting of immunity from launching of prosecution of proceedings for imposing pena......

Apart from UDIN(Unique document Identification Number)Institute of Company Secretaries of India took a important decision at the special council meeting held on 27.06.2019 in respect of ECSIN. Council has approved the ECSIN Guidelines, 2019 which shall be mandatory w.e.f. 1st October, 2019. Implementation of ECSIN Guidelines In terms of clause (1) of Part II of the Second Schedule to the Compan......

SEBI Vide its Circular No SEBI/HO/CFD/DIL2/CIR/P/2019/94 dated August 19th, 2019 came out with higher penalties for non-compliance with certain provisions of SEBI ICDR Regulations 2009. The Present Circular issued is in supersession of the circular no CIR/CFD/DIL/57/2017 issued dated June 15th, 2017 specifying the fines to be imposed by the stock exchanges for non-compliance with certain provisio......

The roots of SBO take us back in Companies Act, 2013 wherein concept of Lifting the corporate veil is available. Lifting of Corporate Veil: Company is a separate identity once incorporated from its members but if the entity is used for wrong doinings or illegal activities then the veil is to be uplift and to find out who are the persons behind the veil. Lifting of Corporate veil means to bring ......

Sebi Vide its Circular No- CIR /LAD/1/2019 dated 4th April, 2019 in order to streamline procedure for issue of certified copies of orders and circulars came up with following procedure. Issue of Certified Copy to Persons against Whom Order Has Been Passed By the Board, Adjudicating Officer Or Recovery Officer1. A certified copy of the order passed by the board or the AO or Recovery officer shall ......

Securities and Exchange Board of India (SEBI) vide its circular No CIR/CFD/CMD 1/ 44/2019 dated 29th March, 2019 issued formats for limited review audit report/audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entities. Applicability: To all listed entities (whose equity shares and convertible  securities are listed ) All......

 (Application for Goods and Services Tax Identification Number, Employees State Insurance Corporation registration Plus Employees Provident Fund registration)   Ministry of Corporate Affairs came up with new notification dated 29/03/2019 to amend the companies incorporation rules. 1. The Application for Incorporation of a Company under Rule 38 shall be accompanied by e form Agile 35 ......

Introduction: Secretarial Audit has today regained importance like Statutory Audit. Gone are the days when Companies where not following Secretarial Standards or not doing Secretarial Audit. With Increasing Complexities and New Forms by Government like Form INC-22 A, Form DPT-3, Form MSME-1 the Secretarial Auditor will also need to be vigilant and highlight the non compliance in his secretarial Au......

1. MCA vide notification dated: 21/02/2019 came up with new form INC-22A to be filed by the Companies Incorporated on or before 31.12.2017.2. Following Companies are not required to file form INC-22A: Companies those who have not filed their due financial statements under section 137 and Annual returns under section 92 with the MCA unless such company is under management dispute. Compani......