Has anybody taken loan (create charge) under ECLGS schemes given by the bank to the companies???
Click here to view / answer Share it onIs Ad valorem penalty on the filing of CHG 1 for the month of March 2020 coming while uploading form ??
Dear friends
Whether MCA has extended time for filing of Charge Form CHG-1 ?
We could not file the form due to lock down and its now more than 60 days elapsed.
Dear All,
We have received an mail from ministry of corporate affairs regarding the form CHG-1 for creation of Charge which was filed by the charge holder, Now we have received mail as mentioned below
" CHG-1 is filed for creation/modification of charge by Chargeholder. In this regard, you are requested to furnish your objection, if any, as per the requirement of section 78 of the companies Act, 2013.”
Kindly guide how to reply on the same matter via mail or any other process have to follow.
chargeholder
charge
creationmodification
filed
Could somebody help me with the process required for the above case w.r.t ROC Chennai...
How to change name of Bank in Index of Charges, if existing charge holder bank has been merged into another Bank.
Hi Friends,
How to change the name of Bank in Index of Charges, if existing charge holder bank has been merged into another Bank.
The applicant is an unregistered person. It has filed an application for advance ruling to determine whether salary received as director from a private limited company shall be considered for aggregate turnover for registration.
The Authority for Advance Ruling observed that as per the provisions of CGST Act, the aggregate turnover is equal to the sum of value of all taxable supplies, exempt supplies, export of goods or services or both and inter-State supplies of persons having same PAN to be computed on all India basis. It excludes the value of inward supplies on which tax is payable by a person on reverse charge basis and CGST, SGST, UTGST, IGST and cess.
In the given case, the applicant receives salary as director of private limited company. If the applicant is an Executive director of such company, he will be treated as employee of the company. In that case, the services of the applicant as an employee to the employer are neither supply of goods nor supply of services in accordance with Schedule III of the CGST Act. If the applicant is Non-Executive director, the remuneration paid by the company is liable to GST in the hands of company under reverse charge mechanism. The applicant has not submitted any documentary evidence to support whether the salary received by him is towards his services as Executive director or Non-Executive director.
In view of the above, in case remuneration is received by the applicant as Executive director then it is not includable in aggregate turnover, as it is the services given by the applicant as an employee. However, if the applicant receives remuneration as Non-Executive director, then the company is required to pay tax on reverse charge basis. Thus, the services of the applicant as a Non-Executive director are includable in the aggregate turnover, as it is the taxable services supplied by the applicant, even though the tax is discharged by the company.
How to change the name of Bank in Index of Charges, if existing charge holder bank has been merged into another Bank.
I wanted to convert LLP into the company. But LLP has some open charges in its books.
Now can LLP can be converted into Company without the satisfaction of its charges?
Dear Members,
One of my Private Limited Company there is one charge showing of Rs.15,00,000 since 17/03/1986 till date the status is OPEN .
But the Company has never taken such loan from any bank ,now in todays date what needs to be done .
Please guide on the same .
charge
satisfaction
Dear Members,
One of my Private Limited Company there is one charge showing of Rs.15,00,000 since 17/03/1986 till date the status is OPEN .
But the Company has never taken such loan from any bank ,now in todays date what needs to be done .
Please guide on the same .
charge
satisfaction
