LIMITED LIABILITY PARTNERSHIP (SECOND AMENDMENT) RULES, 2022
The Ministry of Corporate Affairs (MCA) vide Notification dated March 4, 2022, has issued ‘Limited Liability Partnership (Second Amendment) Rules, 2022, to further amend the existing Limited Liability Partnership Rules, 2009, which shall come into force on the date of its publication in the Official Gazette. Following are the major amendments: Rule 11(1) – Application FiLLip for […]
EMPLOYEE STOCK OPTIONS PLAN OR EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)
Meaning: Employee Stock option plan or Employee Stock Ownership Plan (ESOP) is an employee benefit scheme that enables employees to own shares in the company. ESOP motivates the employee to be committed towards the company for a long term and also take ownership of the company making the employee more committed towards the Company. Employee […]
SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (SIXTH AMENDMENT) REGULATIONS, 2021
The SEBI notified SEBI (Listing Obligations And Disclosure Requirements) (Sixth Amendment) Regulations, 2021 (hereinafter referred to as “Amended Regulations”) vide Notification No. SEBI/L AD-N RO/GN/2021/55 Dated: November 9, 2021 to amend the existing Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations shall come into force w.e.f. 01st April, 2022 unless otherwise specified in the respective […]
EXTENSION OF DUE DATE TO COMPLY WITH THE REQUIREMENTS UNDER THE COMPANIES ACT
The Ministry of Corporate Affairs (MCA) vide Notification dated March 31, 2022, has issued ‘Companies (Accounts) Second Amendment Rules, 2022 (hereinafter referred to as “Second Amendment Rules”), which amends the Companies (Accounts) Rules, 2014 as below: Rule 3 – Manner of Books of Account to be Kept in Electronic Mode As per the Companies (Accounts) Amendment Rules, […]
Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022
In exercise of the powers conferred by section 196(1)(t) read with section 240 of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 and has notified Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, […]
MCA Extends Due Dates for e-forms AOC-4/ AOC-4 (CFS)/ AOC-4 (XBRL), AOC-4 (Non-XBRL), MGT-7/ MGT-7A
Further to various extensions granted previously by Ministry of Corporate Affairs (hereinafter referred to as “MCA”) to file e -forms AOC-4/ AOC-4 (CFS)/ AOC-4 (XBRL), AOC-4 (Non-XBRL), MGT-7/ 7A, under the Companies Act, 2013 (hereinafter referred to as “the Act”), MCA has again extended the due dates for filing of the aforesaid forms, via Circular […]
Advisory on Auto-population of E-invoice details into GSTR-1
Auto-population of e-invoice details into GSTR-1 Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal (IRP). Invoices […]
Advisory for Importers to avail benefit of IGCR Rules (Import of Goods at Concessional Rate of duty)
IGCR module is developed by ICEGATE, CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty). The broad provisions are as under: i. Available post log in on ICEGATE for importers in their existing account, registered with valid DSC. ii. Provision of […]
GSTN has enabled facility for filing Letter of Understanding (“LUT”) for FY 2022-23 on GST Portal for taxpayers.
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Major Benefits under New Gujarat IT & ITeS Policy 2022-27
Dear Readers, I hope you are doing well. Recently, Chief Minister Bhupendra Patel unveiled new “IT/ITES Policy 2022-27” which would replace the IT & ITeS policy, 2016-2021, which offers both capital and operational support to Information Technology (IT) firms making investments in Gujarat for existing and expansion units. The objectives of new policy are to create […]