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Extension of AGM without Filing of Form GNL-1 for year ended 31st March,2020
Whereas sub-section (1) of section 96 of the Companies Act, 2013 (the Act) provides inter alia that every company, other than a One Person Company,...

Long-awaited FAQs regarding Practical Training released by ICAI
The period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March 2020 till 03rd May 2020 shall be counted as...

Revised Priority Sector Lending (PSL) guidelines issued by RBI
Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring a sharper focus...

Join TReDS for free till March 2021, earlier MSMEs were paying Rs. 10,000 for joining TReDS
To help the MSMEs in this long-standing problem, the Government of India has taken a series of measures recently. Union Finance Minister, as part of...

CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks
Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order in F.No. 225/136/2020/ITA.II dated...

Now UDIN is mandatory for Certifying MGT-7: ICSI
Certification of Annual Return in Form MGT-7 under Section 92(1) of the Companies Act, 2013 and Rule 11(1) of the Companies (Management and Administration) Rules,...

RBI has advised banks to refund the charges collected on or after 01st Jan 2020
In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, the Finance (No 2) Act...

GSTN Issued Advisory on Form GSTR-2B
GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in...

Launch of GSTR-2B and its Key Features
The GST Council, in its 39th meeting held on 14th March 2020, had recommended to adopt and implement the incremental approach of linking the present...

MGT-9 is not required, in case weblink is disclosed in Board Report
Provided that a company shall not be required to attach the extract of the annual return with the Board's report in Form No. MGT-9, in...