MCA has clarified that there will be delay in issue of incorporation certificate because of delay in issuance of Tax Deduction and Collection Account Number from NSDL
MCA has issued clarification to the promoters who applied for certificate of incorporation that there is a delay in issuance of TAN (Tax Deduction and Collection Account Number) from NSDL, which is resulting a slight delay in obtaining COI (Certificate of Incorporation).
Companies (Indian Accounting Standards) Amendment Rules, 2023
The amendment provides that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed in financial reporting.
MCA launches STK-2 form along with C-PACE functionality
The STK-2 form and C-PACE functionality will be launched on 1st May 2023 at 12:00am. STK-2 form on V2 portal will be disabled from 28th April 11:59 PM to 30th April 11:59 pm which is planned for roll-out on 1st May 2023 at 12:00 AM.
Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023
The Registrar, Centre for Processing Accelerated Corporate Exit shall be the Registrar of Companies for the purposes of exercising functional jurisdiction of processing and disposal of applications made in Form No. STK-2 and all matters related thereto.
NHAI Enables FASTag Based Payments at Forest Entry Points
To facilitate seamless and efficient entry process for vehicles entering into the forest area, Indian Highways Management Company Limited (IHMCL) a company incorporated by NHAI to carry out Electronic Tolling, has formed a partnership with the Forest Department as a significant step towards promoting sustainable tourism and preserving natural resources by curbing vehicular emissions at the forest entry points.
Submission of Half Yearly Networth Certificate
Members are advised to note that the link for submitting the Networth will be made available on ENIT COMPLIANCE NEW from 7th April, 2023, onwards. The User Manual for the same has also been provided.
Companies (Indian Accounting Standards) Amendment Rules, 2023
The amendment rules have introduced a provision for ‘deferred tax related to assets and liabilities arising from a single transaction’. Entities shall apply this provision for annual reporting periods beginning on or after 1st April, 2023.
Tamil Nadu Government New Procurements through Web Portal
The Government has now issued orders that all tendering activities for new tenders from 1st April, 2023, shall henceforth be done through the web portal. Any new bid that would be floated thereafter outside this portal would be termed as violation of procedure.
Advisory for the taxpayer wishing to register as “One Person Company” in GST
It is advised that in the ‘Part B’ of GST Registration Form ‘REG-01’, applicant may select (Constitution of Business under ‘Business Details’ tab using dropdown list) option “Others”, if the taxpayer wants to register for GST as “One Person Company”. After selecting option as “Others”, the applicant shall also mention “One Person Company” in the text field and follow the steps for a normal registration application to complete the process.
NCLT clarifies that just because a creditor enjoys security interest, it cannot be treated higher than other creditors who have financed the Corporate Debtor
Tribunal clarified that such creditors are treated differently, then all secured creditors would dissent in the CoC.
