MCA Provides relaxation in filing of various IEPF forms.
The Ministry of Corporate Affairs vide its Notification dated 13th April 2020 has provided relaxation in filing of various IEPF Forms and e-verification claims.
Extension of timeline for filing share capital audit report for the quarter ending 31st March 2020
The Extended date for submission of share capital audit report by the companies for the quarter ended 31st March 2020 will be 31st May 2020.
RBI imposes fine for delay in using long-term repo funds.
In a FAQ on TLTRO, the central bank said lenders have already been given sufficient time to deploy funds under the scheme. Banks who have raised funds from the auction carried out on March 27 must deploy them within 30 working days.
The Last date for filing ESI contribution for the month of February extended till 15th May 2020.
The time limit for payment of contribution shall be 75 days from end of month instead of 45 days for the month of February 2020 only.
Punjab cabinet’s nod to clinical establishment ordinance
The Punjab Clinical Establishment (Registration and Regulation) Ordinance 2020 will provide for registration and regulation of clinical establishments in a professional manner to ensure compliance of clinical standards and protocols and transparency in the functioning of these establishments for fair and proper delivery of health services.
The Commercial tax department of Bihar has extended the provisions of The Bihar Settlement of Taxation Disputes Rules, 2019
The Commercial tax department of Bihar on 13th April 2020 has extended the provisions of “The Bihar Settlement of Taxation Disputes Rules, 2019” for the period (three months) from April 15, 2020, to July 14, 2020.
CBIC clarifies issues faced by registered persons under GST laws
CBIC via notification date 13th April 2020 has provided clarifications on issues faced by registered persons under GST laws, in the context of taxpayers being unable to adhere to compliances as a result of measures taken by the authorities for tackling COVID 19.
CBDT gives clarification on Section 115 BAC of Income Tax Act
It is clarified that employee will have to intimate the option under 115BAC for the previous financial year. Such preference shall be applicable for that financial year only and cannot be modified during that year.
MCA has issued circular to provide greater clarity on passing of ordinary and special resolutions by companies under the Companies Act, 2013
Companies shall ensure that the relevant companies facilitate registration of email addresses of the members who have not done so and make suitable disclosure in this regard at the time of issue of public notice in the newspapers.
