Nandhakumar & Sundaran
Chartered Accountants, Auditors

By: Nandhakumar & Sundaran | May 07, 2019

MCA has notified that the due date for filing of one time return by companies in form DPT 3 stands extended upto 29 June 2019 (i.e. 90 Days from 31 March 2019), as against the earlier notified deadline of 90 days from 22 Jan. 2019.

It may be noted that on 22 Jan. 2019 the MCA has amended Rule 16A(3) of the Companies (Acceptance of Deposits) Rules, 2014, mandating every company (other than Government company) to file a one time return of outstanding receipt of money or loan (not considered as deposits) from 1 April, 2014 till that date, in Form DPT 3 (along with applicable fee) within ninety days from the date of publication of said notification.


later on 30 April 2019 the MCA has further amended the Rule 16A(3) of the Companies (Acceptance of...

Category: Company Law 

Tags: Updates 

By: Nandhakumar & Sundaran | March 01, 2019

Proposed Revised ESI Contribution Rates (Employer 4%, Employee 1%)

Ministry of Labour and Employment, Govt. of India has notified the draft of proposed revised/ reduced rates of ESI Contribution in respect of Employer Contribution (existing rate 4.75% – proposed rate 4%) and Employee Contribution (existing rate 1.75% – proposed rate 1%), for comments from stakeholders within 30 days. After reviewing the objections and/ or suggestions, if any, the Govt. will later notify the final date of change in the rates of ESI Contribution through a separate notification.

Draft Revised ESI Contribution Rates (Employer 4%, Employee 1%): MoLE (GOI) Notification dt. 15 Feb. 2019

G.S.R. 121(E).- The following draft of certain rules further to amend the Employe...

Category: Labour Law 

Tags: Updates 

By: Nandhakumar & Sundaran | February 21, 2019

MCA has notified that the due date for filing of initial return in Form MSME-I has been extended, now the period of 30 days shall be reckoned from the date of deployment of Form MSME-I on MCA 21 Portal instead of from 21 Feb. 2019, the date when the requirement was last notified.

Sub.: Extension for last date of filing initial return in MSME Form I

1. Pending the deployment of MSME Form I on MCA 21 portal and in order to avoid inconvenience to stakeholders on account of various factors, it is stated the period of thirty days for filing initial return in MSME Form 1 as specified in Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 dated 22.01.2019 shall be reckoned from the date t...

Category: Company Law 

Tags: Updates 

By: Nandhakumar & Sundaran | January 11, 2019

The GST Council in its 32nd Meeting held under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi. Below is press release of Major Decisions taken by the GST Council in its 32nd Meeting.


Major Decisions taken by the GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley 


Press Release - Posted On: 10 JAN 2019 6:18PM by PIB Delhi


The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi took the following major decisions to give relief to MSME (including Small Traders) among o...

Category: GST 

Tags: Updates 

By: Nandhakumar & Sundaran | December 25, 2018

New requirement on e-filing of Application for ‘Lower’ or ‘Nil’ TDS Rate Certificate in Form 13 u/s 197/ 206C(9) of Income Tax Act, 1961 has been relaxed by CBDT upto 31 Dec. 2018/ 31 March 2019 for residents/ Non-residents (NRIs), in view of hardships being faced by them. In the meantime manual filing of Form 13 will continue.

Exception from online filing of application under section 197 and 206C(9) in the cases of NRIs and resident applicants 

The Central Board of Direct Taxes has decided to allow exception from online filing of application under section 197 and 206C(9) in the cases of NRIs and resident applicants.

Vide Notification No. 74/2018 dated 25.10.2018, Rule 28 of the Income Tax Rules, 1962 was amended to prescribe electronic f...

Category: Income Tax 

Tags: Updates 

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