The Companies Amendment Bill, 2019 has passed in the Parliament to amend the Companies Act, 2013 in order to ease of doing business in India. Various provisions related to Corporate Social Responsibility, Commencement of business, registered office and so on have been discussed.
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Thursday, August 1, 2019
Non-filing of annual return and balance sheet with RoC due to inadvertent mistake was to compounded: NCLT
COMPANY LAW: Where default was committed in compliance with provisions of sections 159 and 220 of Companies Act, 1956 for not filing its annual return and balance sheet and profit and loss account for F.Y. 2013-14 only due to inadvertent mistake with no mala fide intentions and applicant had put an end to offence by filing its annual return and annual accounts, offence was to be compounded
from www.taxmann.com Latest Case Laws https://ift.tt/2GERSRK
from www.taxmann.com Latest Case Laws https://ift.tt/2GERSRK
Stressed assets funds may return to India afterrelaxed ECB norms
Parliament gives assent to Banning of Unregulated Deposit Scheme Bill, 2019
The Parliament has approved the banning of unregulated deposit scheme bill, 2019. The proposed bill provides a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.
from taxmann.com News https://ift.tt/2YBxE5u
from taxmann.com News https://ift.tt/2YBxE5u
Parliament approves Companies Amendment Bill, 2013
The Companies Amendment Bill, 2019 has passed in the Parliament to amend the Companies Act, 2013 in order to ease of doing business in India. Various provisions related to Corporate Social Responsibility, Commencement of business, registered office and so on have been discussed.
from taxmann.com News https://ift.tt/2GFZDGY
from taxmann.com News https://ift.tt/2GFZDGY
Provisions of sec. 43B not applicable on charges paid to Govt. for allotment of land for quarrying granite
INCOME TAX: Nomination charges paid by assessee, engaged in quarrying granite blocks from mines, to State Government for allotment of land for quarrying of granite, could not be equated with terms 'tax, duty cess or fees' under section 43B(a)
from www.taxmann.com Latest Case Laws https://ift.tt/2ytVjWY
from www.taxmann.com Latest Case Laws https://ift.tt/2ytVjWY
Wednesday, July 31, 2019
FinMin allows Task Force to submit its report by August 16, 2019
In order to review the existing Income-tax Act, 1961 and to draft a new direct tax law, the Govt. had constituted a Task Force. Task Force was required to submit its report to Government by July 31, 2019. The Govt. has allowed the Task Force to submit its report by 16th of August, 2019 in light of the fact that the new Members of the Task Force requested for more time to provide further inputs
from taxmann.com News https://ift.tt/2GR4LZd
from taxmann.com News https://ift.tt/2GR4LZd
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