In a recent directive, the MCA (Ministry of Corporate Affairs) added measures to the statute that make the procedure for “Physical address verification of Registered Office by ROC” more apparent by requiring the application’s administrators to follow additional protocols. There are several updates towards the method that company owners with a registered office address for their…

The Companies (Incorporation) Third Amendment Rules, 2022, an update to the Companies (Incorporation) Rules, 2014, was put to notice by the Ministry of Corporate Affairs (MCA) on August 18, 2022.  Compliance with Rule 25B of Companies Rules, relating to the physical evidence of the company’s registrar’s office, has been released by the MCA. Table of…

The Securities and Exchange Board of India, vide Notification No. SEBI/LAD/-NRO/GN/2022/80 dated April 25, 2022, issued the SEBI (LODR) (Fourth Amendment) Regulations, 2022 to amend the SEBI (LODR) Regulations, 2015. The erstwhile Securities and Exchange Board, vide notification dated August 13, 2021, amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)…

The Ministry of Corporate Affairs (MCA) amended Schedule III of the Companies Act 2013, October 11, 2018. Schedule III of the Companies Act 2013, provides a format for the financial statements of companies complying with Accounting Standards (AS) and Ind AS under Division I and Division II respectively. Schedule III will now apply to the…

If you are running your own import-export business then you will have an IEC number. Every person dealing with imports and export has to have an IEC to conduct their business. The IEC (Import Export Code) is a required identifying document for every import/export business in the country. Except under specifically granted exclusions, a company can make…

Last month the income tax department informed us about the income tax return (ITR) forms for FY 2021-22 or AY 2022-23. Although no key changes are declared, there are still some revisions in the forms that every taxpayer must be aware of while filing ITR. This blog will deal with major changes in ITR forms…

The Ministry of Corporate Affairs (MCA) has changed the laws that regulate Nidhi companies, making prior declaration essential for some entities before they begin taking deposits. Before taking deposits, public enterprises wishing to operate as Nidhi’s must acquire a prior declaration from the federal government. In this article we’ll talk about Nidhi Company Amendment Rules…

MCA has extended the deadline for submitting Form CSR-2 till May 31, 2022, from the previous deadline of March 31, 2022. Moreover, the MCA mandated the filing of Form CSR-2 for all companies that fall under Section 135(1) and are required to engage in CSR activities under the Companies Act, 2013. Table of Content Obligation…

The Ministry of Home Affairs (MHA) extended the time limit or due date for filing the FCRA Annual Return in Form FC4 for the fiscal year 2020-21 from 31.12.2021 to 30.06.2022. This extension came almost three months after the due date had passed. Table of Content Rules as per Foreign Contribution (Regulation) Act, 2010 The…

The Union Budget for 2022 took place just as the Indian economy was preparing for the next phase of expansion. Despite the fact that the economy is still recovering from the pandemic; the administration expects it to grow at a rate of 8 to 8.5 percent in the coming fiscal year. This would maintain India’s…

Page 1 of 31 2 3

Copyright © 2022 Goyal Mangal & Company.