S. Jaykishan

Chartered Accountants

Author Archive for S Jaykishan

Directors can comply with KYC norms by paying reduced fee of Rs. 500 till Oct 5, 2018

Directors can comply with KYC norms by paying reduced fee of Rs. 500 till Oct 5, 2018

(Date: 21/09/2018)

The Ministry of Corporate Affairs has amended the Companies (Registration Offices and Fees) Rules, 2014 wherein extra time has been provided to DIN holders who failed to file KYC with the MCA. Now directors can comply with KYC norms by paying reduced fee of Rs. 500 instead of Rs. 5000 from Sep 21, 2018 to Oct 05, 2018. From Oct 06, 2018 onwards […] Read More >>


Govt. increases interest rates by up to 0.4% for small savings schemes 

Govt. increases interest rates by up to 0.4% for small savings schemes 

(Date: 21/09/2018)

Govt. notifies interest rate for Small Savings Schemes on quarterly basis with the approval of the Union Finance Minister. The rate of interest for third quarter of Financial Year 2018-19 have been announced wherein Govt. has increased interest rate on various small savings schemes by upto 0.4%.

Download

 

Read More >>



SEBI notifies new norms on buy-back of securities

SEBI notifies new norms on buy-back of securities

(Date:17/09/2018)

SEBI has notified Securities Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The norms prescribes maximum limit of buy-back as 25% or less of the aggregate paid up capital and free reserves of the Company. Under new norms, a company can’t buy-back its securities so as to delist its shares from stock exchange. Norms further prescribes for buy-back through tender offer, buy-back from open market, General obligations for company for buy […] Read More >>


SEBI unveils new norms on issue of capital and disclosure requirements

SEBI unveils new norms on issue of capital and disclosure requirements

(Date:17/09/2018)

SEBI notifies SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The notification shall come into force on 60th day from the date of its publication in Official Gazette. The new norms would also apply to an initial public offer by a small and medium enterprise. The norms debars wilful defaulters and fugitive economic offender from making initial public offer.

Download

Read More >>


CBIC issues guidelines for deduction and deposit of TDS by DDO under GST

CBIC issues guidelines for deduction and deposit of TDS by DDO under GST

(Date:17/09/2018)

The CBIC has issued the guidelines for deduction and deposit of TDS by Drawing and Disbursing Officer (DDO) under GST. There are two options for payment of TDS. First is generation of challan for every payment made during the month and second is bunching of TDS deducted from the bills on weekly, monthly or any periodic basis.

Download

Read More >>



Proceedings of detention couldn’t be initiated for minor mistakes in generation of e-way bill

Proceedings of detention couldn’t be initiated for minor mistakes in generation of e-way bill

(Date: 14/09/2018)

The CBIC has clarified that the proceedings of detention couldn’t be initiated under Section 129 of the CGST Act for minor mistakes in generation of e-way bill like spelling mistakes in the name of the consignor or the consignee, error in the pin-code, error in the address of the consignee, etc. In such cases, penalty of Rs. 1000 will be levied.

Download

 

Read More >>



Shareholders are free to decide managerial remuneration

Shareholders are free to decide managerial remuneration

(Date: 14/09/2018)

The Ministry of Corporate Affairs has done away with the mandatory approval from the Central Govt. for payment of managerial remuneration to top executives which means they can receive salary in excess of 11 per cent of net profit of a company. Now, the decision for payment of excess salary to top executives will be approved by the shareholders through special resolution.

Download

Read More >>