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…

Smt. Nirmala Seetharaman, the Finance Minister, presented the second digital union budget 2022-2023 on February 1, 2022. As a result, the proposed GST adjustments were covered by provisions 99 to 123. The Union Budget for 2022 was announced by the Finance Minister in the wake of the highest-ever tax receipts of 1.38 lakh crores from…

On Tuesday, February 1st, 2022, the Union Budget 2022 was presented to Parliament. Finance Minister Smt. Nirmala Sitharaman proposed many reforms in Customs, Central Excise, GST law, and rates while presenting the second digital Union Budget. Unless otherwise noted, all changes in duty rates will take effect on the 1st/ 2nd February 2022 at midnight….

Nirmala Sitharaman, the Finance Minister, announced the Union Budget 2022 on 1st Feb 2022, which includes a slew of infrastructure, e-vehicles, healthcare, and housing reforms. With an expected 9.2% GDP growth rate and GST collections of over Rs.1.4 lakh crore, the future looks bright. Ideas, as well as modifications to the GST law and act,…

On July 30, 2021, the Limited Liability Partnership (Amendment) Bill, 2021 was introduced in the Rajya Sabha and will come into force from 1st April 2022. The Limited Liability Partnership Act, 2008 is being amended by this bill. The Act regulates limited liability partnerships (LLPs). A limited liability partnership is a type of corporation that…

Table of contents Shares: Statutory Definition Transferability of shares Share Capital Share Transfer with no consideration chargeable to Income Tax Facts of the Case Shares: Statutory Definition According to Section 2(84) a share may be defined as a share capital of a company and it includes stocks. All shares of the company must have a…

As, of December 2019, the outbreak of the pandemic called COVID-19 has severely affected the lives of the people and the economy across the globe. Because of the same our Prime Minister, Mr.Narendra Modi announced to initiate PM Care Fund to provide special reliefs and support to citizens. Meanwhile, the PM Care Fund came to…

Page 1 of 21 2

Copyright © 2022 Goyal Mangal & Company.