Hello everyone
what is the purpose behind the MOA of the company? or Does an LLP (Limited Liability Partnership) need MoA?
purpose
Hi Everyone!
Whether NBFCs as trading member can participate in the IRF market only for hedging or can also take trading position?
Please share if any one can help.
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bank
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While credit of amount receive declared wring purpose and result wrong purpose code recorded in the AD BANK and due to this KYC & FIRC Pending to be issued.
received email for submission of form FC-GPR along with other documents on account of foreign Inward remittance towards capital contribution in the FC-GPR in compliance with the FEMA guidelines issued by the RBI from time to time.
It has been observed from the Bank’s record that the Form FC-GPR along with other documents is yet to filed by your company against the foreign Inward remittance received on February 17, 2022 .
Kindly make it convenient by filing the Form FC-GPR along with other documents at the earliest but within 30 days from the date of allotment/ issue of equity instruments through the Single Master Form on the FIRMS portal.
The form is available on FIRMS portal of Reserve Bank of India.
Kindly note that non-filing of the return under FDI scheme within the given timeline (30 days from the date of allotment/ issue of equity instruments) would be reckoned as a contravention under FEMA and could attract penal provisions.
how to change purpose code ?
If in any company there is Appointment of 2 director and resignation of 1 Director can be done through filing Single DIR-12 ?
Please share your view on this
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Hi All,
Anyone did Incorporation of Special Purpose Vehicle (SPV) Please let me know the name of SPV registered with MCA.
In Form CSR-2, we have to mention SRN of FY 2020-21 and Net worth, turnover & Profit before tax of FY 2019-20 which will automatically shows the criteria of applicability on the basis of figures of immediately preceding FY.
In such case, what will happen to Rule 3(2) which clearly says that “Every company which ceases to be a company covered under subsection (1) of section 135 of the Act for three consecutive financial years shall not be required to —(a) constitute a CSR Committee; and(b) comply with the provisions contained in 1[sub-section (2) to (6)] of the said section, till such time it meets the criteria specified in sub-section (1) of section 135.
For Instance Profit Before Tax for FY 2019-20 is less than 5 crore and all previous years are above 5 crore. Here subsection (1) of section 135 of the Act will still be applicable as per Rule 3(2) because the Profits are not below 5 crore for three consecutive financial years. That means we still have to follow provisions of sec 135 (1) and spend the amount.
But in Form CSR-2 when we mention Net worth, turnover & Profit before tax of FY 2019-20, there will not be any criteria for applicability. The form take details only for unspent of previous year and do not allows option to fill the details of previous three years. Which also means that company is not falling under 135(1) related to applicability and spending. However as per Rule 3(2) the company is still covered under 135(1) because the Profits are not below 5 crore for three consecutive financial years.
Please suggest that for the purpose of Form CSR-2, whether applicability/non-applicability is to be checked only on the basis on 135(1) i.e. only on the basis of immediately preceding financial year figures and we have to ignore rule 3(2). What will happen to Rule 3(2) thereafter?
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Dear Members,
If a company failed to appoint nodal officer and filing of IEPF-2 within 15 days, what can be consequences for that?
Dear Members
Please Suggest me
To arrive at the Net profit for the purposes of calculation is the remuneration and bonus paid to directors is allowed as an expenses or it needs to be disallowed and added back to net profit??
As I understand the net profit as per section 198 is PBT and PBT is after allowing these expenses.
Please clarify.
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Dear Members,
We have filed Form ADT-1 for one of client for the period 01.04.2014 to 31.03.2019 without any
fees. The form is approved, but its challan is not generating in Track Payment Status.
Now, we are trying to fill Form INC-22A, but still details of auditors are not getting prefill in it.
We have generated complaint with MCA but no reply came from them.
Does this same problem come with any other or the details in Form INC-22A after filing
Form ADT-1 is easily getting prefilled??
Please reply as soon as possible.
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Best Regards
CS Mohit Khanna
Where goods and/or services received by a taxable person are used for the purpose of business and non-business supplies, whether the input tax credit is available to the registered taxable person?
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