RIL arm to invest ₹300 cr in robotics co: Reliance Retail Ventures Ltd, the retail unit of Reliance Industries Ltd, is likely to acquire a minority stake in warehouse robotics company Addverb Technologies Pvt. Ltd for around ₹300 crore. If the deal goes through, it will value Addverb Technologies at ₹1,590-1,660 crore. The company claims its products help companies improve […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of December, 2021 issued by MCA, RBI, SEBI, DIPP and others. Amendments issued by MCA The Ministry of Corporate Affairs has issued the clarification on holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio-Visual Means (OAVM). MCA has […]
In this blog we are going to discuss about the GST Calendar – Compliances for the month of November 2021 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) 10 Dec 2021 GSTR-8 (Tax Collected at Source ‘TCS’) 10 Dec 2021 GSTR-1 November 2021 11 Dec 2021 IFF- Invoice furnishing facility (Availing QRMP) 13 Dec 2021 GSTR-6 November […]
E-auction services carried out through electronic portal, where the final price and payments are settled by seller/ buyer independently; Adjustment of various state levies and taxes other than GST; Applicability of section 194Q in the cases where exemption has been provided u/s 206C(1A); and Applicability of the provisions of section 194Q in the case of Government Departments (not a PSU). […]
Dream Sports, the owner of fantasy sports platform Dream11, has announced that it has raised USD 840 million from Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global. The Mumbai-based platform currently has 140 million users. Dream Sports also operates other brands like FanCode, a sports content and commerce platform, DreamSetGo, a sports experiences platform, and DreamPay, a […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of November, 2021 issued by MCA, RBI, SEBI, DIPP and others. Amendments issued by MCA MCA has removed all the Disqualification of Director Identification Number (DINs) As per the Companies Act, directors for five years are disqualified, if they are part of […]
Financial Guarantee: Meaning: A contract that requires the issuer (Guarantor) to make specified payments to reimburse the holder (loan giver) for a loss it incurs because a specified debtor (loan taker) fails to make payment when due in accordance with a debt instrument. Condition for classifying an instrument as financial guarantee: Payment to be made to holder only if: If above […]
Important Judicial Precedents RNM was established by Late Mr. R.N. Marwah in the year 1946. RNM India is one of the top ca firm in Delhi. Commencing from the pre-independence era to the modern age of science and technology, RNM has loyally stood as a witness to the sequence of events that have gradually molded the nation and led to […]
GST Calendar –Compliances for the month of October’2021 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) November 10,2021 GSTR-8 (Tax Collected at Source ‘TCS’) November 10,2021 GSTR-1 September 2021 November 11, 2021 IFF- Invoice furnishing facility (Availing QRMP) November 13,2021 GSTR-6 September 2021 Input Service Distributor November 13, 2021 GSTR-2B (Auto Generated Statement) November 14,2021 GSTR-3B September […]
Amendments issued by MCA Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021: MCA issued a Circular, in which MCA announced relaxation on additional fees in filing Form 8 by LLP upto 30th December 2021. Due to the difficulty faced by LLPs […]