Kapil Kumar & Co. - Company Secretaries

07/11/2024

Urgently requirement of 1 CS Management Trainees in a PCS Firm located at Faridabad. The candidate will get the exposure relating to Corporate laws, secretarial matters, drafting, GST, RBI matters, Students in Executive Programme, Professional Programme or Professional Programme Qualified can apply . Stipend will be as per Institute norms. Those interested are requested to send their resume at [email protected]

15/07/2022

```MCA updates:

In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching first set of Company Forms on MCA21 V3 portal. These forms will be launched on 31st Aug 2022 at 12:00 AM. Following forms will be rolled-out in this phase: DIR3-KYC Web, DIR3-KYC Eform, DPT-3, DPT-4, CHG-1, CHG-4, CHG-6, CHG-8 & CHG-9. To facilitate implementation of these forms in V3 MCA21 portal, stakeholders are advised to note the following points:

(1).Company e-Filings on V2 portal will be disabled from 15th Aug 2022 12:00 AM for the above 9 forms. All stakeholders are advised to ensure that there are no SRNs in pending payment and Resubmission status.

(2).Offline payments for the above 9 forms in V2 using ?Pay later? option would be stopped from 07th Aug 2022 12:00 AM. You are requested to make payments for these forms in V2 through online mode (Credit/Debit Card and Net Banking).

15-07-2022```

03/02/2021

https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1694837

With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of cri

02/02/2021

Please find below Highlights of *Union Budget 2021-22*.

*General*
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22

*Direct and Indirect tax*
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.

02/02/2021

The new definition of small company will be applicable from 1st April, 2021

http://www.mca.gov.in/Ministry/pdf/SpecificationAmndtRules_02022021.pdf

02/11/2020

Urgently requirement of 1 CS Management Trainees in a PCS Firm located at Faridabad. The candidate will get the exposure relating to Corporate laws, secretarial matters, drafting, GST, RBI matters, Students in Executive Programme, Professional Programme or Professional Programme Qualified can apply . Stipend will be as per Institute norms. Those interested are requested to send their resume at [email protected]

16/05/2017

Our firm offers a variety of services to our client which inter alia includes MCA-21 Services, Annual Return Certification, Filing of Returns & Forms and Certification thereof, Filing the petitions/ Appearance as an Authorized Representative before NCLT/Regional Directors and Registrar of Companies, Foreign Collaborations/Joint Ventures & Setting up of Subsidiaries in India & Abroad, Advice on legal and procedural matters falling under FEMA and arranging various approvals and compliance pursuant to various regulations issued under FEMA and other various services.