The Karnataka PCB has stipulated the cleaning capacity for barrel recyclers
As per the Hazardous and Other Waste (Management & Transboundary Movement) Rules, 2016, the quantities of waste disposed is required to be expressed in terms of weight, in Form 4, for filing Annual Returns. Some of the waste generators have been giving the quantities by weight, while others by numbers of used barrels. Hence, there […]
CBDT extends the TDS due dates for Odisha
There has been a considerable magnitude of destruction and disruption in the normal life of people in Odisha, resulting in breakdown of communication system, as the effect of the cyclone ‘Fani’. The Central Board of Direct Taxes has extended the following due dates in the state of Odisha, with the view to redress the hardship […]
Submission of Annual report to BSE though the XBRL Taxanomy of MCA
The Bombay Stock Exchange (BSE) has released a circular to inform companies that it has adopted the XBRL taxonomy issued by the Ministry of Corporate Affairs, Government of India, for submission of Financial Statements in XBRL mode. This circular was released in continuation to the Circular to the Companies dated February 08, 2019 with regards […]
Norms for conducting E-KYC under Anti-money Laundering Law
The Ministry of Finance’s recent circular lays down a step-by-step process for banking and non-banking companies to use the Aadhaar no. for e-KYC process of their clients Early this year, a new provision laying out the manner in which banking companies, financial institutions, intermediaries and persons carrying out business or profession (“reporting companies”) may conduct […]
DIN of directors to show e-form ACTIVE non-compliances for failure to file the Form INC 22A
In an endeavors to check shell companies, the Ministry of Corporate Affairs had brought out an electronic form, ACTIVE (Active Company Tagging Identities and Verification) (‘Form INC-22A’) through Rule 25A of the Companies (Incorporation) Rules, 2014 inserted by the Companies (Incorporation) Amendment Rules, 2019. According to Rule 25A, each company incorporated on or before December […]
Clarification on Filing ADT-1
MCA has issued a clarification on 20th May, 2019 regarding procedure to file ADT-1 where the form was earlier filed through GNL-2 during the period from 01.04.2014 to 20.10.2014. By a circular dated 13th May, 2019, Companies which had filed Form no. ADT-1 through GNI,-2 as an attachment (by selecting ‘others’) during the period from 01.04.2014 to 20.10.2014 […]
Appointment of Chief Risk Officer in NBFCs
The Reserve Bank of India on May 16, 2019, released a notification in regard to the appointment of a Chief Risk Officer (CRO) for Non Banking Financial Companies (NBFCs) with an asset size of more than Rs.50 billion with clearly specified role and responsibilities. This move has been taken in consideration the increasing role of […]
Rules for naming Companies Amended
The amended rules on company incorporation have been notified specifying how a company shall be permitted to be named. What’s more, the Ministry of Corporate Affairs has provided illustrative examples for the sake of added clarity. Recently, the Companies (Incorporation) Fifth Amendment Rules, 2019 (“Amended Rules”) have been promulgated so as to amend the […]
Revised Procedure for electronic filing of Central Excise returns and payment of excise duty and service tax arrears
The procedure for the electronic filing of central excise returns and for the electronic payment of excise duty and service tax arrears under the new portal i.e. the www.cbic-gst.gov.in was revised by The Ministry of Finance on 8 May 2019. The move is made in order to integrate the existing ACES functionalities of CE & ST […]
The Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019 notified
In supersession of the Shipping Bill (Electronic Integration Declaration) Regulations, 2011, the Central Board of Indirect Taxes and Customs has notified The Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019 [‘the Regulation’]. The Regulation shall extend to export of goods from all customs stations where the Indian Customs Electronic Data Interchange System is […]
