Wednesday, December 6

Tag: Regulatory

CBDT Extends Deadline for Submission of Form 10B/10BB and Form ITR-7 for AY 2023-24
20Sep By InstaFinancialsNo Comments
Generic

CBDT Extends Deadline for Submission of Form 10B/10BB and Form ITR-7 for AY 2023-24

The Central Board of Direct Taxes (CBDT) has announced an extension of the due dates for filing key documents related to the Financial Year 2022-23 and Assessment Year 2023-24. For Audit reports in Form 10B/Form 10BB, originally due on September 30, 2023, the new deadline is now October 31, 2023. Likewise, the deadline for submitting the Return of Income in Form ITR-7 for Assessment Year 2023-24, initially set for October 31, 2023, has been extended to November 30, 2023. These changes are detailed in CBDT Circular No. 16/2023, referenced as 225/177/2023/ITA-II. You can access the full circular on the official website: www.incometaxindia.gov.in."
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When is the Due Date for Filing DIR-3-KYC for FY 22-23?
13Sep By InstaFinancialsNo Comments
Academia

When is the Due Date for Filing DIR-3-KYC for FY 22-23?

For Financial Year 22-23 - any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2023 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 30 Sep 2023. 30 Sep 2023 is the last date for filing DIR-3 KYC form for FY 22-23 After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’. The Director will be liable to pay the late filing fee of Rs 5,000, for filing after the due date Please follow the steps mentioned below to file DIR-3 KYC form: Login to MCA V3 Portal Open the DIR-3-KYC Web Form (MCA Services → Company e-Filing → DIN Related Fil...
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When is the Due Date for Filing DIR-3 KYC for FY 21-22?
5Sep By InstaFinancialsNo Comments
Generic

When is the Due Date for Filing DIR-3 KYC for FY 21-22?

For Financial Year 21-22 - any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2022 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 30 Sep 2022. 30 Sep 2022 is the last date for filing DIR-3 KYC form for FY 21-22 After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’. The Director will be liable to pay the late filing fee of Rs 5,000, for filing after the due date Please follow the steps mentioned below to file DIR-3 KYC form: Login to MCA Visit DIR-3 KYC Web (Home > MCA Services > DIN Services > DIR-3-KYC-WEB) Enter the DI...
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Madras HC Upholds Constitutional Validity of Proviso to Section 167 (1) (a) of the Companies Act
8Jan By No Comments
Uncategorized

Madras HC Upholds Constitutional Validity of Proviso to Section 167 (1) (a) of the Companies Act

The Madras High Court has upheld the constitutionality of section 167 (1) (a) of the Companies Act that mandates defaulting companies’ directors to vacate their office in other companies where they hold directorships except the company which had defaulted. The first bench of chief justices AP Sahi and Subramonium Prasad upheld that the proviso to section 167(1)(a) was neither arbitrary nor does it violate any of the fundamental rights provided under the Constitution of India. The high court order came in response to a petition filed by a company secretary challenging the proviso. According to the petitioner, the proviso to section 167 (1) (a) violated Article 14 that guarantees the fundamental right of equality.  It was also contended that the proviso is detrimental to non-defaul...
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30Oct By InstaFinancialsNo Comments
Uncategorized

Update from IBBI – 29 Oct 2018

Update on Public Announcements and Invitation of Resolution Plans from Insolvency and Bankruptcy Board of India mentioned below for your reference. Public Announcements 25-10-2018 Public Announcement of Liquidation Process-Nawa Engineers And Consultants Pvt. Ltd. 05-10-2018 Public Announcement of Liquidation Process-Inasra Technologies Pvt. Ltd. 27-10-2018 Public Announcement of Corporate Insolvency Resolution Process-Snowqueen Towers Pvt. Ltd. 26-10-2018 Public Announcement of Corporate Insolvency Resolution Process-Angad Infrastructure Pvt. Ltd. 26-10-2018 Public Announcement of Corporate Insolvency Resolution Process-Harsh Polymers (India) Ltd. 25-10-2018 Public Announcement of Liquidation Process-Vegan Colloids Ltd. 27-10-2018 Public Announcement of Liquidation...
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