SS-1: Meetings of the Board of Directors Applicability SS-1 applies to all Companies incorporated under the Act except One Person Company (“OPC”). It also applies to various Committee(s) of the Board. Note: In case of any subsequent changes in the Act, a particular Standard or any part thereof becomes inconsistent with the Act, the provisions … Continue reading Brief Note on Secretarial Standard-1 Meetings of the Board of Directors____ Effective Date: July 01, 2015
NO FRESH PERMISSION/ RENEWAL OF PERMISSION TO LOS OF FOREIGN LAW FIRMS- SUPREME COURT’S DIRECTIONS
The Reserve Bank of India (“RBI”) vide Circular dated October 29, 2015 has issued directions in view of the Hon’ble Supreme Court interim order in the matter of Bar Council of India v. A.K. Balaji & Ors. [1] ***** https://rbidocs.rbi.org.in/rdocs/notification/PDFs/N215E86D7F3C1210426BAB4098428B1E3531.PDF [1] The Hon’ble Supreme Court vide its interim orders dated July 4, 2012 and September … Continue reading NO FRESH PERMISSION/ RENEWAL OF PERMISSION TO LOS OF FOREIGN LAW FIRMS- SUPREME COURT’S DIRECTIONS
Relaxation of additional fees and extension of last date of filing of AOC-4, AOC”4 XBRL and MGT-7 E-Forms under the Companies Act, 2013
The Ministry of Corporate Affairs (“MCA”) vide General Circular No.74/2015 dated October 28, 2015 has decided to relax the additional fee payable on Forms AOC-4 and AOC-4 XBRL upto November 30, 2015. The additional fee requirement for MGT-7 E-Form is also relaxed for all such forms filed till November 30, 2015, wherever additional fee is … Continue reading Relaxation of additional fees and extension of last date of filing of AOC-4, AOC”4 XBRL and MGT-7 E-Forms under the Companies Act, 2013
SERVICE TAX LEVY ON SERVICES PROVIDED BY A GOODS TRANSPORT AGENCY Re: Circular No.186/5/2015-ST dated October 05, 2015
BACKGROUND As we know the Goods Transport Agency (GTA) services are taxable under the Finance Act, 1994 and abatement has also been provided @ 70 per cent vide abatement Notification dated June 20, 2012. Sometimes, the GTA service providers provide various auxiliary services such as loading/unloading/packing/unpacking etc. The regime of Service Tax has been changed … Continue reading SERVICE TAX LEVY ON SERVICES PROVIDED BY A GOODS TRANSPORT AGENCY Re: Circular No.186/5/2015-ST dated October 05, 2015
Restrictions on input tax credit under Haryana VAT only to the extent of Output Tax in case of Interstate Sale
Background Section 8(1) [Rates of Tax on Sales in the course of Inter-State Trade or Commerce] of Central Sale Tax Act, 1956 (“CST Act”) provides that whenever goods are sold in the course of inter-state trade and commerce then CST is charged at the rate of 2% or at the rate applicable to sale or … Continue reading Restrictions on input tax credit under Haryana VAT only to the extent of Output Tax in case of Interstate Sale
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