On 24th December 2020, the Ministry of Corporate Affairs (MCA) issued the Companies (Incorporation) Third Amendment Rules, 2020. With effect from 26th January 2021, Rule 9A i.e. Extension of Reservation of Name has been introduced in certain cases. The previous provisions under the Companies Act, 2013 allowed the name reservation for the company’s incorporation for […]
In the notification dated 18.12.2020, the Ministry of Corporate Affairs (MCA) has released the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020 as a modification of the Companies (Appointment and Qualification of Directors) Rules 2014. Under this amendment, MCA has increased the time period for passing an online proficiency test. This test conducted […]
The Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 has been declared as a modification of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016; by the Ministry of Corporate Affairs (MCA). This amendment is aimed at incorporating the phrase ‘corporate action,’ which signifies any action undertaken by a company that is pertaining to the […]
The Indian Government has issued a notice stating that effective 1st January, 2021 any taxpayer with an annual aggregate turnover of more than INR 100 crore (USD 13.5M) in the course of the previous financial years, beginning from 2017-2018, would be mandatorily required to comply with e-invoicing requirements. What are the specified E-invoicing Requirements? Under […]
Below mentioned are the instructions issued by the Central Board of Indirect Taxes and Customs regarding the Standard Operating Procedures (SOP) for authentication of taxpayers granted deemed registration, with effect from 21.08.2020: 1. Rule 9 of the Central Goods and Services Tax (CGST) Rules, 2017 states that in cases where Aadhaar verification has either been […]
