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Extension of due date of form CRA- 4 (Cost Audit)

  Relaxation of Additional fees and extension of last date of filing CRA-4 for financial Year 2019-20. Please find the attached Circular the brief summary of the notification is mentioned below: 1 Notification/ Circular  date  10/09/2020 2 Subject Relaxation of Additional fees and extension of last date of filing CRA-4 for financial Year 2019-20. 3 Effective date   10/09/2020 4 Applicability Companies to which Cost Audit Applicable (Kindly refer this http://ebook.mca.gov.in/Default.aspx?page=main ) 5 Brief description Law requirement- •cost auditor shall forward his duly…

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AGM due date extended by 3 Months

Annual General Meeting due date extended by 3 Months

  Please find the attached order  issued by the Office of the Registrar of Companies, Pune ,Mumbai & Bangalore  for  other Registrar of Companies order  you can check the same with the office of the Registrar of Companies in which Jurisdiction your company falls. The brief summary of the notification is mentioned below: 1 Notification date  08/09/2020 2 Subject Annual General Meeting due date extended by 3 Months for all companies 3 Effective date   08/09/2020 4 Applicability  All Companies. 5…

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Companies Acceptance of Deposit Amendment Rules

Companies Acceptance of Deposit Amendment Rules

  Please find attached notification issued by MCA/RBI. The brief summary of the notification is mentioned below: 1 Notification date  07/09/2020 2 Subject Companies Acceptance of Deposit Amendment Rules ,2020 3 Effective date   07/09/2020 4 Applicability     Start-up company   ”start-up company” means a private company incorporated under the Companies Act, 2013 or Companies Act, 1956 and recognized as such in accordance with notification number  “G.S.R. 127 (E), dated the 19th February, 2019   issued by the Department of Industrial Policy and…

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Growth Opportunities for Indian and Foreign Companies

Growth Opportunities for Indian and Foreign Companies

  Growth Opportunities for Indian and Foreign Companies Post Covid-19 Covid-19 can prove as a major push to the Indian manufacturing sector as a large chunk of international companies are turning to India for a reliable and stable manufacturing base, post breakdown of pandemic in China. International giants such as Google, Facebook and Foxconn have recently announced billion-dollar investments in the Indian market. Read More

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A Safe Investment for Work Place

Why is ‘Mental illness’ considered a taboo in our society? A person’s state of mind has to do a lot with the way they act in their daily lives. In today’s time and age we are pressurized to keep up with the modern lifestyle. The need of being active on social media, keeping up with the others, managing finances, security of jobs and to have an idea of fitting in comes with a heavy cost. This is one of the…

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Amendment- Corporate Social Responsibility Policy

Schedule VII of CSR- amendments

  Following are amendments w.r.t CSR rules 2014 & schedule VII of companies act 2013 w.r.t activities eligible for CSR Provided that any company engaged in research and development activity of new vaccine, drugs and medical devices in their normal course of business may undertake research and development activity of new vaccine, drugs and medical devices related to COVID-19 for financial years 2020-21, 2021-22 and 2022-23 subject to the conditions that- (i) such research and development activities shall be carried…

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Impact of technology on the tax function?

How technology impacted the tax function?

How technology impacted the tax function? The world has witnessed a complete transformation in the last decade or so. Digitalization & technological advancements have been instrumental in this transformation. Businesses and industries have evolved rapidly over the last few years again due to technological advancements. What coincides with such rapid development are opportunities as well as threats for tax functions around the world to keep up with the pace of globalization and to increase transparency in transactions. Governments around the…

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No extension for Annual General meeting.

No Extension for Annual General Meeting

  MCA has issued clarification that there will be no suo-moto extension of Annual General Meeting (AGM) for the financial year ended 31.03.2020. It is clarified that in the event of inability to hold AGM within 6 months of closing of financial year or within 15 months of previous AGM, the companies can avail any of the following options: 1)   Holding of AGM through video conferencing (VC) or other audio visual means (OAVM) for the calendar year 2020 within the statutory period; or…

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UJA on Extension for holding AGM and validity of CFSS schemes

Extension for holding AGM and validity of CFSS schemes

  Due to COVID- 19 pandemic, the ICSI has made a representation to Ministry of Corporate Affairs (MCA) requesting for extension for holding Annual General Meeting and validity of LLP Settlement Scheme, 2020, Companies Fresh Start Scheme, 2020 and Scheme for relaxation of time for filing forms related to creation or modification of charge till 31st December 2020. Please find attached herewith the copy of the representation letter of ICSI to MCA for your reference.

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international investment in infrastructure and MSME sector

International investment in infrastructure and MSME sector

  Shri Nitin Gadkari calls for enhanced international investment in infrastructure and MSME sector. Shri Nitin Gadkari had addressed the Indo – Australian Chamber of Commerce and Womennovator On Trade Investment & Collaborations in Road Infrastructure & MSME’s  during which he said that the automobile and MSME are two growth engines of the Indian economy. He has called for enhanced international investment by international institutions and bodies in the Indian Highways and MSME sectors. Press Release attached herewith.

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