Government Provides Big Boost to Exporters
Rs. 56,027 crore is going to be released under various Export Promotion Schemes Benefits would be disbursed to more than 45,000 exporters, out of which about 98% are small exporters in the MSME category. Centre has provided a massive relief to the exporters. This amount is over and above duty remission of Rs 12,454 crore […]
POSTAL BALLOT
Purpose: Postal Ballot process gives an opportunity to the company’s members to exercise their votes (by postal or electronic mode), without being personally present and voting in a general meeting of the Company. APPLICABLE PROVISIONS: Companies Act, 2013 (“Act”) – Section 2(65) and Section 110 Rule 20 & 22 of Companies (Management and Administration) Rules, […]
NSE FAQ’S – FOR LODR AMENDMENTS DATED MAY 05, 2021
NSE has, vide its Circular Ref: NSE/CML/2021/23 dated June 28, 2021, has provided the clarification on due dates by which the listed entities are required to comply with the amendment in SEBI LODR Regulations, 2015 notified on May 5, 2021. The Securities and Exchange Board of India vide notification dated May 05, 2021, have amended LODR Regulations, […]
RELAXATION OF ADDITIONAL FEES IN FILING OF CERTAIN FORMS UNDER THE COMPANIES ACT, 2013 AND LLP ACT, 2008
After receiving a various requests from stakeholders for relaxation on the levy of additional fees for filing of various forms under the Companies Act, 2013 and LLP Act, 2008, the Ministry of Corporate Affairs (MCA) had issued the Circular’s MCA Circular no 6/ 2021 and 7/2021 both dated 03.05.2021 for relaxation of additional fees for […]
STOCK EXCHANGES COMPLIANCES DUE FOR JULY, 2021 (EXCEPT FOR EVENT BASED COMPLIANCE)
Rules / Regulations/ Act Section/ Rule/ Regulation No Type of Form/ Filing Authority with whom file/submission has to be made etc Particulars Due Date/ Due Month/ Effective Date if any SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 27(2)(a) Corporate Governance Report BSE and NSE Within 21 days from the end of the quarter. […]
NFRA & ANNUAL RETURN BY AUDITOR
CONSTITUTION AND DUTIES OF NFRA National Financial Reporting Authority (“NFRA”) was constituted by Government of India on October 1, 2018, in terms with sub-section 1 of Section 132 of the Companies Act, 2013 (“Act”), which mentions the constitution of NFRA to provide for matters relating to accounting and auditing standards under the Act. As per […]
Inclusion of Retail and Wholesale trades as MSMEs
Minister of MSME and Road Transport and Highways Shri Nitin Gadkari announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. The revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders. Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and […]
TDS u/s 194Q @ 0.01% on Purchase of Goods
From 1st July 2021, Buyer of Goods has to deduct TDS @ 0.01% u/s 194Q if his turnover exceeds Rs. 10 Crores in the preceding previous year and purchases from the Resident Seller exceeds Rs. 50Lakhs. A higher rate of TDS @5% will be applicable if the Seller fails to furnish PAN to the buyer. […]
Tax deduction at higher rate in case of certain non-filers (specified persons)
Tax deduction under section 206AB or tax collection section 206CCA at higher rate in case of certain non-filers (specified persons) with respect to tax deductions (other than under sections 192, 192A, 194B, 194BB, 194LBC and 194N) and tax collections. The higher rate is twice the prescribed rate or 5%, whichever is higher. A specified person […]
Extension of date for submission of proposals under PLI scheme for Food Processing Industry
The Last date of submission of proposal under PLI scheme fro food processing industry has been extended to 24-06-2011 up to 5.00pm from 17-06-2021 up to 5.00pm. https://rmpsco.com/2021/06/16/production-linked-incentive-pli-scheme-for-food-processing-industries/