Business

MCA has notified new rules i.e. Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 on 27th December 2016 prescribing rule for winding up or closure of private limited company under companies act 2013. Following are the few important rules of such Notified Rules. Removal of name …

Are you running a business in Karnataka? Beware! You may find an unsolicited guest at your doorstep! The Labour Inspector! Some of our clients had ‘nice time’ with them in the recent past! Why they will come? What they will ask for? What Notice they can issue? About the Notice …

I often used to visit the JDGFT office for following up on a IEC status. Client used to have a lot of issues without having allotted the IEC. The process involved was very lengthy, tedious. In the era of online world, obtaining an Import export code was in a manual …

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are …

Mr.Sudarshana is a Partner of Top Class Services, a service provider in photocopier, scanners, etc. They take up Annual Maintenance Contract (AMC) of photocopier machines. While providing the service (AMC), apart from their labour, they also change or replace parts. They want to know the applicability of VAT and Service …

A couple of years back, I received a call from a company asking whether I would be interested in joining an upcoming hospital in the Middle East. It was a surprise call as I didn’t apply for any job or intend to take an employment. I understood that they ‘churn …

The Ministry of Corporate Affairs has issued circular no. 15/2015 today i.e. 30th November, 2015 to extend the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement)and relax the additional fees for the forms filed till 30th December, 2015. Earlier MCA has extended filing date to 30th …

I am reading a book ‘Hind Swaraj’ written by Mahatma Gandhi in 1908. Chapter 5 of this book mentions about ‘The conditions of England’. He explains the Parliament of England, its functioning etc. While reading this Chapter, I felt as if someone (a modern Indian) is writing about present day …

Public Sector Undertakings comes under EPFO scanner EPFO concentrates on workers in the construction sector Student trainees are not employees for the purpose of EPF & MP Act, 1952. New Delhi, 5 November 2015: While taking stock of the various developments in EPFO during the month of October, 2015, Shri K.K. …

MCA has released circular no. 14/2015 dated 28/10/2015 with respect to relaxation of additional fees and extension of last date of  filing of the following forms: Read : Last date of filing Form AOC-4, MGT-7 extended to 30th Dec 2015 1. Annual Return – Form MGT-7: Original due date: 60 days …