Company Law

Extension of time for conduct of AGM by Companies extended

Every company registered under the Companies Act, 2013 has to conduct its AGM every year. The due date for the same normally falls on or before 30th September for most of the Companies. Due to various representations received from the stakeholders, the Ministry of Corporate affairs has extended the time of holding Annual General Meetings […]

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Extension of time for Annual General Meeting for Companies

In view of the Carona Pandamic, the due date for conducting Annual General Meeting in respect of Companies governed by Companies Act 2013 has been deemed to have been extended for a further period of 3 months (till 31st Dec 2020). Accordingly, since all the Registrars are empowered to provide this extension, all the Registrar

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Contribution to PM CARES fund – eligible as CSR Spending

The MCA , vide its Gazette Notification No GSR 313(E) dtd 26th may 2020 has made a significant change in the CSR Spending claims w.r.t. Contribution to PMCARES fund. As per this notification, the PM CARES fund is eligible to receive contributions from corporate social responsibility (CSR) corposus of Corporates. Accordingly, changes have been made

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Statutory Obligations for the month of March 2020

Compliance Under Compliance Due date Income-tax Act, 1961 Deposit of Tax Deducted/Collected (TDS/TCS) 7th March 2020 GST Return for TDS under GST 10th March 2020 GST Return for Outward Supplies of Taxable Goods and/or Services 11th March 2020 Income-tax Act,1961 Advance Income Tax – Final Instalment for all Assessees 15th March 2020 Provident Fund Deposit

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LLP- One time condonation of delay in filing LLP Documents-LLP Settlement Scheme 2020

As per existing provision of Limited Liability Partnership Act, if the documents which are statutorily required to be filed are filed belatedly, an additional fee of Rs. 100/- per day till the date of filing is applicable. Large number of LLPs have defaulted in filing Form 8 (Statement of Account and Insolvency) & Form 11

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CARO 2020 notified

The Ministry of Corporate affairs has notified the Companies Auditors Report Order 2020  (CARO 2020) on 25th February 2020. This is applicable for the financial year commencing from 1st April 2019. (i.e,) This is applicable from the F.Y.2019-20 onwards. Accordingly, every audit report of the Company (if applicable) shall contain the details as specified in

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