In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS SEBI amends guidelines for institutional placement of units by InvITs, REITs (July 05, 2023) SEBI amended the guidelines for preferential issue and institutional placement of units by Infrastructure Investment Trusts and Real Estate Investment Trusts. The changes have been made after receiving feedback from stakeholders. To read more: https://www.sebi.gov.in/legal/circulars/jul-2023/amendments-to-guidelines-for-preferential-issue-and-institutional-placement-of-units-by-a-listed-reit_73494.html
Month: August 2023
Issues faced by start-ups in getting Registration
Registering a start-up is a crucial step in establishing a Legal entity that can operate in the business world.However, start-ups often encounter several challenges during the registration process, hindering their progress and growth. Some of common issues faced by start-ups in getting registration are- Lack of knowledge & guidance: Many start-up founders are often inexperienced in the legal aspects of business registration, leading to confusion & uncertainty. Name and Trademark Issues: Choosing a unique name for business and securing trademarks
Indirect Tax News Letter
GST Calendar –Compliances for the month of July’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) August 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) August 10, 2023 GSTR-1 August 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) August 13, 2023 GSTR-6 Input Service Distributor August 13, 2023 GSTR-2B (Auto-Generated Statement) August 14, 2023 GSTR-3B August 20, 2023 GSTR-5 (Non-Resident Taxable Person) August 20, 2023 GSTR-5A (OIDAR Service Provider) August 20, 2023 PMT-06 (who have opted for
Form DPT- 3 (MCA)(Return Of Deposit)
DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Background In order to safeguard the interest of creditors or depositors, the Central Government in consultation with the Reserve Bank of India notified the amendment in the Companies (Acceptance of Deposits) Rules 2014 through Companies (Acceptance of Deposits) Amendment Rules 2019. Due Date of filing. Companies need to file Form DPT-3 annually. The form
RNM Tax Alert – Direct Tax Part for July 2023
CBDT NEW DELHI NOTIFICATION NO 52/2023, Dated: July 20, 2023 No deduction of tax u/s 194 of the IT Act 1961 from any income in the nature of dividend paid by any unit of an International Financial Services Centre [engaged in the business of leasing of an aircraft] CBDT NEW DELHI NOTIFICATION NO 54/2023, Dated: August 1, 2023 The CBDT vide Notification No. 54/2023 inserted rule 6ABBB; Form of statement (Form No. 3AF) to be furnished regarding preliminary expenses incurred
Reliance To Invest $122 Mn In Brookfield JV For Data Centre Projects
India’s Reliance Industries will invest up to INR 10 billion ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online. Reliance will initially invest about INR 3.78 billion in units of Mercury Holdings SG Pte, which is a joint venture (JV) between Brookfield Infrastructure and U.S.-based real estate investment trust Digital Realty. The Mukesh
Choosing the Right GST Service Provider:
Key Factors to Consider for Smooth Compliance and Financial Efficiency As a business owner, navigating the complexities of Goods and Services Tax (GST) compliances juxtaposed with supply chain and business can be a daunting task. With ever-changing regulations and a constant need for accurate reporting, it’s crucial to have a reliable GST service provider with a deep understanding of GST laws and regulations. The right GST service provider can streamline your compliance processes, ensure financial efficiency, and save you from