The Ministry of Law and Justice (Legislative Department) has issued the Companies (Amendment) Ordinance, 2019 to further amend the Companies Act, 2013, it shall be deemed to have come into force on the 2nd day of November 2018. The Companies (Amendment) Ordinance, 2018 was promulgated by the President on the 2nd day of November 2018, effective from the…
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With a spate of corporate irregularities coming to the fore, the Centre has decided to make disclosure norms more stringent. Corporate India is now required to submit details of transactions involving receipt of money or loans taken by them, which are otherwise not considered deposits. All companies — other than Government companies — have been…
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GST Rate for Garments, Footwear, and Textile Products GST rate for all goods and services has been notified by the GST Council. GST rates have been fixed at 0%, 5%, 12%, 18% and 28% in India for both goods and services. The GST rate for textile products including apparel, clothing, cotton products, etc., were announced in…
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The Companies (Amendment) Ordinance, 2018 was promulgated on November 2, 2018. It amends several provisions in the Companies Act, 2013 relating to penalties, among others. The objective of the Ordinance The Ordinance has been formulated in view of the following objectives: To facilitate the ease of doing business. To enhance the scope of corporate compliance.…
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The Companies (Amendment) Ordinance 2018 The Ordinance states that a company may not commence business, unless it- files a declaration within 180 days of incorporation, confirming that every subscriber to the Memorandum of the company has paid the value of shares agreed to be taken by him, and files a verification of its registered office…
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