Govt moves NCLAT against NCLT order making MCA party in all IBC cases
Posted Date : 06-Dec-2019 , 10:18:29 am | Posted By CASANSAAR
The government has moved the National Company Law Appellate Tribunal (NCLAT) against an order passed by NCLT to make the Ministry of Corporate Affairs a party in all applications filed under the Insolvency and Bankruptcy Code as well as the Companies Act.
In a petition moved through the Ministry ...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 324
|
 |
CBIC withdraws GST circular on ITeS
Posted Date : 06-Dec-2019 , 10:14:49 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment under the goods and services tax (GST). The government has withdrawn circular in view of numerous repres...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 394
|
|
RBI mulling to amend regulatory guidelines for UCBs
Posted Date : 06-Dec-2019 , 10:06:42 am | Posted By CASANSAAR
The Reserve Bank of India today said that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks - UCBs.
Speaking to reporters in Mumbai today, RBI Governor Shaktikanta Das said, the guidelines would primarily relate to exposure norms for single and group/interconnected...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 374
|
|
Forensic Audit reveals LoUs worth Rs 25,000 Cr fraudulently issued in PNB fraud
Posted Date : 05-Dec-2019 , 10:52:54 am | Posted By CASANSAAR
Punjab National Bank (PNB) 'fraudulently issued' Letters of Undertaking (LoUs) worth Rs 25,000 crore to the Nirav Modi group, The Indian Express reports.
Belgian forensic auditor found that PNB issued 1,561 LoUs, valued at Rs 28,000 crore, to the Nirav Modi group. Of this, 1,381 LoUs...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 602
|
|
Practical Procedure to upload GSTR 9 and GSTR 9C
Posted Date : 05-Dec-2019 , 10:40:01 am | Posted By CASANSAAR
Practical Procedure to upload GSTR 9 and GSTR 9C
(Practical Procedure to upload GSTR 9 and GSTR 9C explained by CA. Pradeep Gupta with CA. Rahul Jain)
https://youtu.be/n9Dbs55F8A8
Dont Forget to Like this video and SUBSCRIBE CA Sansaar YouTube Channel
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1230
|
|
Delhi HC stays interest levy on profiteered amount under GST
Posted Date : 05-Dec-2019 , 10:09:55 am | Posted By CASANSAAR
Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST).
The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).
When a company is charged with profiteering, ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 545
|
|
Tax department issues 2.10 cr tax refunds till November
Posted Date : 04-Dec-2019 , 10:27:36 am | Posted By CASANSAAR
The Income Tax Department has processed as many as 2.10 crore tax refund cases till 28th November during the current fiscal as compared to 1.75 crore refund returns during the same period last year. It shows an increase of 20 percent in the refund returns against last year. The CBDT said the total a...
Continue Reading...
Category :
Income Tax Refund |
Comments :
0 | Hits : 672
|
|
MCA deactivates 19,40,313 Director Identification Numbers
Posted Date : 04-Dec-2019 , 10:16:37 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to the non-filing of Know Your Client (KYC), as on 28.11.2019.
This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, i...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 2311
|
|
CPE Hours Requirements for the Members of ICAI
Posted Date : 04-Dec-2019 , 09:49:44 am | Posted By CASANSAAR
CPE Hours Requirements for the Members of ICAI.
CPE Hours Requirements for the Members of ICAI as explained by CA.Vivek Khurana.
Last date for completion of CPE hours requirement for the Block period of 2017-2019 is 31-12-2019.
https://youtu.be/aquKPFch3wY
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1587
|
|
GST Council to review tax rates, exemptions
Posted Date : 04-Dec-2019 , 09:16:51 am | Posted By CASANSAAR
Federal indirect tax body, the Goods and Services Tax (GST) Council, will meet later this month to discuss various revenue raising measures including changes to GST rates and cess levied on select goods.
The council meeting which is expected in the second half of December will be its first meetin...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 401
|
|
Application Form for the Information Systems Audit (ISA) Assessment Test - ICAI
Posted Date : 04-Dec-2019 , 09:06:37 am | Posted By CASANSAAR
Exam Date - 28th December, 2019.
Last Date for receipt of application - 9th December 2019.
Click for....
Online Application Form
Hard Copy Application Form
Source - ICAI Website...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 705
|
|
RBI-owned subsidiary Only up to Rs 1 lakh, not all money, insured in banks
Posted Date : 03-Dec-2019 , 05:12:19 pm | Posted By CASANSAAR
Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India.
This covers savings, fixed, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 369
|
|
Company Law Committee recommends decriminalisation of compoundable offences under Companies Act
Posted Date : 03-Dec-2019 , 04:51:47 pm | Posted By CASANSAAR
The Company Law Committee, constituted by the Ministry of Corporate Affairs (MCA) vide order dated 18.09.2019, has submitted the first phase report to the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 18th November 2019, proposing amendments in the Companies Act, 2013 for...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 354
|
|
18,782 cases filed under Insolvency & Bankruptcy Code
Posted Date : 03-Dec-2019 , 04:43:28 pm | Posted By CASANSAAR
As of 30th June 2019, a total of 18,782 cases have been filed under Insolvency and Bankruptcy Code (IBC), 2016, of which 2,173 cases have been admitted under IBC. Out of 2,173 admitted cases, 1,274 cases were ongoing under different stages of the resolution process, 129 cases have resulted in resolu...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 265
|
|
New Immigration Policy of Australia from November 2019
Posted Date : 03-Dec-2019 , 10:21:36 am | Posted By CASANSAAR
New Immigration Policy of Australia from November 2019
(New changes in Immigration Policy of Australia from November 2019 explained by CA. Vivek Khurana)
https://youtu.be/VD_z5pJab6Y
Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel
...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 376
|
|
ROC removes 3.39 lakh companies in last 2 fiscal years
Posted Date : 03-Dec-2019 , 10:18:31 am | Posted By CASANSAAR
Registrars of Companies (RoCs) struck off 338,963 companies from official records in the last two financial years for failure to submit annual returns, minister of state for corporate affairs Anurag Singh Thakur told the Lok Sabha on Monday.
The minister said that the ministry through its R...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 414
|
|
E Way Bill Blocking and unblocking under GST
Posted Date : 03-Dec-2019 , 09:58:35 am | Posted By CASANSAAR
E Way Bill Blocking and unblocking under GST.
(E Way Bill Blocking and unblocking for non filers of GST Returns explained by CA. Rahul Jain.)
https://youtu.be/CX248416jxo
Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel.
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 945
|
|
MCA launches databank of independent directors
Posted Date : 03-Dec-2019 , 09:55:41 am | Posted By CASANSAAR
The Ministry of Corporates Affairs (MCA) here on Monday launched the databank of independent directors with an aim to strengthen the institution of independent directors under the Companies Act.
The databank, launched by Injeti Srinivas, MCA Secretary, can be accessed at "www.mca.gov.in"...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 942
|
|
Govt blocks GST e-way bill generation; move may impact 300,000 firms
Posted Date : 03-Dec-2019 , 09:51:51 am | Posted By CASANSAAR
Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill generation for non-compliant assessees.
These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months. The government had...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1710
|
|
Govt taking all steps to strengthen NCLT, NCLAT
Posted Date : 03-Dec-2019 , 09:47:05 am | Posted By CASANSAAR
The government is taking all steps to strengthen the National Company Law Tribunal (NCLT) and its appellate tribunal in terms of benches, courts and members to reduce pendency of cases, Union minister Anurag Singh Thakur said on Monday.
"Considering the heavy case load at some existing bench...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 235
|
|
DHFL becomes first financial services firm to be taken to NCLT
Posted Date : 02-Dec-2019 , 09:42:05 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday referred Dewan Housing Finance Corp. Ltd (DHFL), which has a debt of Rs.83,873 crore, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
“The Reserve Bank has today filed an application for initiation of corporate insolvency res...
Continue Reading...
Category :
Insolvent Professional |
Comments :
0 | Hits : 456
|
|
GST revenue collection crossed Rs 1 lakh Cr in Nov 2019
Posted Date : 02-Dec-2019 , 09:24:28 am | Posted By CASANSAAR
GST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November with the revenue growing by 6 per cent to Rs 1.03 lakh crore in the month.
The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018.
Of gross Rs 1,03,492 crore in...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 675
|
|
Canada ranked top nation for immigration and investment
Posted Date : 30-Nov-2019 , 10:21:08 am | Posted By CASANSAAR
People from around the globe have deemed the Canadian brand one of the best in the world.
This year Canada ranked third out of 50 countries on the Anholt-Ipsos Nation Brands Index, up from fifth place overall in 2018. Only France and top-ranked Germany scored higher than Canada.
The rankings w...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 763
|
|
SEBI refuses any interim relief to Karvy Stock Broking Ltd
Posted Date : 30-Nov-2019 , 10:07:14 am | Posted By CASANSAAR
Hours after the Securities Appellate Tribunal (SAT) directed markets regulator to examine Karvy Stock Broking Ltd (KSBL) request on limited use of Power of Attorney or PoA, Securities and Exchange Board of India (Sebi) rejected an interim relief.
In a late night Friday order, a whole-time member ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 536
|
|
Govt extends mandatory FASTag roll out date to Dec 15
Posted Date : 30-Nov-2019 , 10:05:00 am | Posted By CASANSAAR
The government on Friday announced extending the date to December 15 for making FASTag mandatory for toll payments on national highways.
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only.
&qu...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 631
|
|
Payment of Membership/COP Fees for 2019-20 is further extended to 31st Dec, 2019 - ICAI
Posted Date : 30-Nov-2019 , 10:01:57 am | Posted By CASANSAAR
Important Announcement
It has been decided to extend the last date for payment of Membership /COP fee for the year 2019-20 up to 31st December 2019. It has been further decided to waive off condonation fee on delay of filing of application forms related to Members, Firms and Students, if respec...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 417
|
|
Govt to bring tax refund scheme for exporters before Cabinet
Posted Date : 29-Nov-2019 , 04:29:47 pm | Posted By CASANSAAR
The government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday.
Replying to supplementaries during the Question Hour, the minister said the government is also engaged in c...
Continue Reading...
Category :
Income Tax Refund |
Comments :
0 | Hits : 601
|
|
New Express Entry draw produces 3,600 invitations to apply for Canadian PR
Posted Date : 29-Nov-2019 , 08:39:41 am | Posted By CASANSAAR
The Government of Canada issued 3,600 invitations to apply for Canadian permanent residence to Express Entry candidates in a new draw held November 27.
The minimum Comprehensive Ranking System (CRS) score required in this draw was 471. This is a reduction of one point from the previous Expr...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1458
|
|
Vijaya Bank, Dena bank removed from second schedule of RBI Act
Posted Date : 29-Nov-2019 , 08:34:22 am | Posted By CASANSAAR
The Reserve Bank of India on November 28 said it has excluded Vijaya Bank and Dena Bank from the second schedule of the RBI Act, with effect from April 1, 2019.
"Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from Apri...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1036
|
|
Govt sets timeline for GST e-invoicing, trial to start January 1, 2020
Posted Date : 29-Nov-2019 , 08:27:02 am | Posted By CASANSAAR
The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category. Accordingly, it has been decided by the government that businesses having a turnover of Rs.500 crore or more would take up e-invoicing from January 1, 2020 on volunt...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1342
|
|
|
