G V Jain & Co

All stakeholders are advised to hold their AGM before 30th september because its a public holiday. you can hold AGM on 30th september also but it is recommendable to hold before it.

Forms DIR-12, CRA-4, SPICe and INC-27 are likely to be revised on MCA21 Company Forms Download page w.e.f 29th Jul 2017.
http://www.mca.gov.in/

Amendment in Companies Act(Appointment and Qualification of Directors) Rules, 2014 as on July 5th, 2017 is as following:-
1. Rule 4, sub-clause (2) must be inserted, the following class of unlisted public companies shall not be covered in the rule 4:
a) a joint venture,
b) a wholly owned subsidiary,
c) a dormant company a defined under section 455 of the Act.
Source:http://www.mca.gov.in/Ministry/pdf/CompaniesApptandQualificationofDirectorsAmdtRules_06072017.pdf
CA Vijendra Jain Acs Gunjan Vijendra Jain Vishal Sonthalia Bhavin Rajgor Jain Dippal

www.mca.gov.in

Amendment in Companies Rules(Meeting of board and its powers), 2014, on July 13, 2017 is as following:-
1. The intimation by the Director to attend the meeting through video conferencing found not debar him from attending meeting personal, with prior intimation to the board
2. The decision taken by the board in the meeting should be kept in draft minutes until approved by all the directors in period of 15 days.
Sourcehttp://www.mca.gov.in/Ministry/pdf/CompaniesMeetingBoardPowersSecondRules_14072017.pdf
CA Vijendra Jain Acs Gunjan Vijendra Jain Bhavin Rajgor Vishal Sonthalia Jain

www.mca.gov.in

IPO Financing Market to remain bouyant in FY18- Says ICRA
Source: http://economictimes.indiatimes.com/markets/ipos/fpos/ipo-financing-market-to-remain-buoyant-in-fy18-says-icra/articleshow/59477582.cms
CA Vijendra Jain Acs Gunjan Vijendra Jain Vishal Sonthalia Bhavesh Sharma Bhavin Rajgor Kratika Singh Jain Dippal

IPO financing market to remain buoyant in FY18, says ICRA In order to subscribe to an IPO, high net-worth individuals use a small fraction of their own capital (called margin money) upfront and the rest is raised through short term loans.

Share Premium received on issue of Share Capital is Capital Receipt, thus not taxable: Bombay HC

Source: http://www.taxscan.in/share-premium-capital-receipt-not-taxable-bombay-hc-read-judgment/9002/
CA Vijendra Jain Acs Gunjan Vijendra Jain Vishal Sonthalia Bhavesh Sharma Bhavin Rajgor Jain Dippal Kratika Singh

Share Premium is Capital Receipt, Not taxable: Bombay HC [Read Judgment] | Taxscan The division bench of the Bombay High Court recently held that receipt from share premium on issue of share by the Assessee-Companies cannot be taxed as profit and gains of business under Section 28(iv) of the Income Tax Act since the same amount to capital receipt. The decision was in the light of…

Government issues FAQ on Composition Levy
Source : http://www.taxscan.in/gst-govt-releases-faqs-composition-levy/9038/
CA Vijendra Jain Acs Gunjan Vijendra Jain Vishal Sonthalia Bhavin Rajgor Bhavesh Sharma Jain Dippal Kratika Singh

GST: Govt releases FAQs on Composition Levy | Taxscan The Central Government today released Frequently Asked Questions (FAQs) on Composition levy under the new indirect tax law, GST. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The o...

ATM-Bank Transactions gets Expensive with GST
Source : http://www.taxscan.in/18-gst-atm-withdrawal-bank-transactions-get-expensive-gst/8984
CA Vijendra Jain Acs Gunjan Vijendra Jain Bhavesh Sharma Bhavin Rajgor Kratika Singh Vishal Sonthalia Jain Dippal

18% GST on ATM Withdrawal: Bank Transactions get Expensive under GST | Taxscan India has changed to the Goods and Services Tax regime on July 1st. the newly implemented GST, though has not just impacted various business industries, but also affected the financial transactions costs. Under the GST, banking services including ATM withdrawals, cash deposits, demand drafts and che...

Essar Steel moves Gujarat High Court against insolvency proceedings initiated by RBI
Source : http://www.moneycontrol.com/news/business/companies/essar-steel-moves-gujarat-hc-against-insolvency-proceedings-by-banks-2318579.html
CA Vijendra Jain Acs Gunjan Vijendra Jain Bhavesh Sharma Bhavin Rajgor Vishal Sonthalia Jain Dippal Kratika Singh

Essar Steel moves Gujarat HC against insolvency proceedings Essar Steel is among the 12 accounts identified by the RBI earlier this month for immediate reference to NCLT under the IBC.

Government to host 6 days Masterclass to clear doubts
Source: http://www.moneycontrol.com/news/business/economy/govt-to-host-6-day-gst-masterclass-to-clear-popular-doubts-hasmukh-adhia-2318403.html
CA Vijendra Jain Acs Gunjan Vijendra Jain Vishal Sonthalia Bhavesh Sharma Bhavin Rajgor Kratika Singh

Govt to host 6-day GST masterclass to clear doubts: Hasmukh Adhia The classroom for the goods and services tax (GST) will be telecasted live on Doordarshan and other news outlets are also free to show it on their channels, Adhia said.

Insolvancy is promising yet equally challenging career for Professionals
Source: http://economictimes.indiatimes.com/markets/stocks/news/the-rising-league-of-insolvency-professionals/articleshow/59450739.cms
CA Vijendra Jain Acs Gunjan Vijendra Jain Bhavin Rajgor Bhavesh Sharma Vishal Sonthalia Kratika Singh

The rising league of insolvency professionals Many accountants prepare to take the insolvency exam as a Rs 8 lakh crore debt recovery initiative is underway.

CBDT sends ICAI list of CA's evading or helping in evasion of tax. Action awaited
Source: http://www.moneycontrol.com/news/business/markets-business/cbdt-sends-names-of-12-cas-indulging-in-tax-evasion-to-icai-govt-mulling-stricter-penalties-2317481.html
CA Vijendra Jain Acs Gunjan Vijendra Jain Bhavesh Sharma Bhavin Rajgor Vishal Sonthalia Kratika Singh

CBDT sends names of 12 CAs indulging in tax evasion to ICAI; govt mulling stricter penalties Under Income Tax Act, Section 278, any CA found indulging in tax evasion or helping others evade tax can be prosecuted and can be punished with an imprisonment ranging from six months to seven years.