Its me Mak!
Pursuing Passion – 30 years It’s a wonderful moment for me! I have accomplished 30 years pursuing my passion!! On this day 20th November I got my license to practice a profession of “Company Secretary” and transformation journey of becoming profession has begun. These are Golden years of my life. My passion gave me bread …
Indian stamp act- new dimensions to securities transactions
MCA extended AGM date for all companies to 31st December, 2020 on account of Covid 19 impact. Many SME’s were suffering from holding Board Meetings for approval of financial statements & thereafter approaching auditors for signing has got required relief. MCA earlier advised companies to apply for individual extension of AGM, requiring companies to state …
Parliament approved Companies Amendment Act 2020 Amidst of boycott of opposition, Rajay Sabha has recently passed the Companies Amendment Act for introduction of de-criminalization of offenses and inclusion of entire chapter relating of Producer Companies in companies act 2013. New law also amends the definition of Listed entities, facilitating debt listed companies relief from additional …
Parliament approved Companies Amendment Act 2020 Read More »
Important regulators of India have extended several relaxations from compliance of various provisions to COVID affected businesses. Find important regulatory updates – Covid 19 relaxations COMMERCE & INDUSTRY UPDATES Commerce & Industry Ministry press release dated 31.3.2020 (https://pib.gov.in/PressReleseDetail.aspx?PRID=1609704) Few salient features To provide continuity in the policy regime, the current Foreign Trade Policy, valid till …
Regulatory updates – Covid 19 relaxations for stressed businesses Read More »
Government of India has announced Relaxation of various Tax timelines to combat COVID 19 outbreak situation. Accordingly it has notified Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March 2020 to give effect to Various Direct/Indirect Tax and Statutory Compliance relaxation announced on 24th March 2020. Following are the salient features of press release …
Relaxation of various Tax timelines to combat COVID 19 outbreak situation Read More »
Thoughts on COVID 19 Outbreak – MCA measures for relaxations – is it a sufficient discharge? COVID 19 has badly disturbed the operations of the businesses all over the world. Mandatory Work From Home (WFH) is implemented since mid of March in many states and later for PAN India. Government of India has released various …
COVID 19 Outbreak – MCA measures for relaxations – is it a sufficient discharge? Read More »
COVID 19 disease has locked us down at home & this disturbance is continuing. This emerges a need to adopt tactics for Smart survival for Self & Business (SSSB). The month of March is always very crucial for any business and its promoters. There are several deadlines and several year-end wrap ups usually happen in …
MCA has recently notified commencement of Section 230 (11) & (12) of the Companies Act and amended Compromises, Arrangements and Amalgamations Rules facilitating members of unlisted companies holding not less than 75% shares to make offer for minority takeover through Tribunal process. The conditions placed for such Takeover offer are; To provide report of registered …
One more Union Budget edition has been released today by government of India with the main aims to increase Seamless digital governance and Risk mitigation and Social security. Three stream objectives presented in Union Budget for Indian economy are onerous. However it lacks support of measures and proposal to achieve this. Several budgetary provisions are …
Union Budget 2020-21 Sincere attempts for Improvement of Indian Economy Read More »