SEBI revises formats for filing of Financial Information The SEBI has decided to revise the formats for reporting of financial information and limited review report. The new format shall contain the items mentioned in the Statement of Profit and Loss (excluding notes and detailed sub classification) as prescribed in Schedule III of the Companies Act, 2013 and the extent and nature of security created and maintained in case of secured non-convertible debt securities, details of which are required as per
Month: October 2021
RNM UK partnering with Active Investors & businesses
Dear reader, We were excited to be part of lunch meeting organised by AIG (Active Investors Group) on a boat. AIG is active group of global high Net Worth investors which has collective equity market investing experience of over 50 years. Investors hails from diverse background including IT professionals, businessman, health professionals, engineers and finance professionals. RNM Accountants (UK) Ltd has sponsored the event along with Tirupati Graphite, Red Ribbon Asset Management Plc, Future bricks, Vista Travels and few others.
Amendments issued by MCA, SEBI, RBI, BSE, NSE, IFSCA, DGFT & Ministry of MSME
In this edition we have tried to bring to your notice the latest amendment that followed in the month of September, 2021 issued by MCA, RBI, SEBI, BSE, NSE and others. Amendments issued by MCA Relaxation for filing Cost Audit Report: MCA has granted relaxation of additional fees and extension of the last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 due to impact
Extension! Extension!
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act, 1961 read with Income-tax Rules, 1962 (Rules), Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Act, extends the due dates for electronic filling of such forms as under. The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under
GST – Boys to be men
GST Calendar – Compliances for the month of September 2021 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) October 10, 2021 GSTR-8 (Tax Collected at Source ‘TCS’) October 10, 2021 GSTR-1 September 2021 October 11, 2021 IFF- Invoice furnishing facility (Availing QRMP) October 13, 2021 GSTR-6 September 2021 Input Service Distributor October 13, 2021 GSTR-2B (Auto Generated Statement) October 14, 2021 GSTR-3B September 2021 October 20, 2021 GSTR-5 Sept 2021 (Non-Resident Taxable Person) October 20, 2021 GSTR-5A
Vahdam India raises Rs 174 cr in Series D funding led by IIFL
Indian tea brand, Vahdam India, has raised about $24 million (Rs 174 crore) as a part of its Series D round led by IIFL AMC’s Private Equity Fund. The current round of investment, the total funding raised by Vahdam India stands at Rs 290 crore. Post this funding, the company’s valuation stands at about Rs 700 crore. The company’s existing investors including a consortium of Sixth Sense Ventures affiliates, the Mankind Group Family Office, Infosys founder Kris Gopalkrishnan’s family office,