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AMENDMENTS UNDER COMPANIES ACT 2013

*Exemptions to Private Companies under Companies Act, 2013:* As we all know that some exemptions were granted by MCA to Private Companies on 05.06.2015, the MCA has added more exemptions by amending the notification issued on 5th June, 2015 and by notifying further exemptions on 13th June, 2017: 1. New Concept of *Start-up/ Start-up Companies* has been introduced: Start up Private Companies are not required to prepare the Cash Flow Statements under Companies Act, 2013. For the purposes of this Act, the term 'start-up' or "start-up company" means a private company incorporated under the Companies Act, 2013 (18 of 20'l3) or the Companies Act, 1956 ('l of 1956) and recognized as start-up in accordance with the notification issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry." 2. The Private Companies which are small companies are not required to mention the amount of *remuneration drawn* by Directors ...
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DATES FOR GST

Few important due dates July month 10 July 2017 - Excise return (which might have been filed) 21 July 2017 - VAT return 30 July 2017 - Filing of Tran-2 application 30 July 2017 - Record all the transaction with the old taxes August month 15 August 2017 - Service Tax Return 20 August 2017 - Summary GST return in Form 3B for the month of July 2017 30 August 2017 - Filing of Tran-2 application September Month 01 to 05 September 2017 - GSTR 1 for the month of July 2017 06 to 10 September 2017 - GSTR 2 for the month of July 2017 15 to 20 September 2017 - GSTR 1 for the month of August 2017 20 September 2017 - Summary GST return in Form 3B for the month of August 2017 21 to 25 September 2017 - GSTR 2 for the month of August 2017 28 September 2017 - Filing of Trans-1 application 9 views   ·   Posted Fri
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Companies act update

RULES, 2017 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely: — These rules may be called the Companies (Incorporation) (Second Amendment ) Rules, 2017. They shall come into force on the date of their publication in the official gazette. In the Companies (Incorporation) Rules, 2014 (hereinafter referred to as the principal rules), for rule 28, the following rule shall be substituted, namely:— “28. Shifting of registered office within the same State. — An application seeking confirmation from the Regional Director for shifting the registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies, shall be filed by the company with the Regional Director in Form No.INC.23 along with the fee and foll...
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