tag:blogger.com,1999:blog-6654079682805604012024-03-28T13:33:46.873+05:30ENLIGHTEN GOVERNANCE by CS Lalit RajputBlog created by CS Lalit Rajput to spread knowledge.
Aim is to "Bridge the Compliance Gaps."CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.comBlogger362125tag:blogger.com,1999:blog-665407968280560401.post-24141783199902116532023-09-03T07:36:00.002+05:302023-09-03T08:16:37.105+05:30OPC Annual Filing 2023<p></p><p align="center" class="MsoNoSpacing" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 20pt; mso-bidi-font-size: 12.0pt;">OPC Annual
Filing 2023: Key Summary</span></u></b></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l2 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #073763; font-family: "Times New Roman",serif; font-size: 12pt;">Define One Person Company:</span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;">Sec 2(62) "One Person Company"
means a company which has only one person as a member. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: "Times New Roman",serif; font-size: 12pt;">For
OPC: Return Filing Provisions & AGM</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l2 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 12pt;">Section 137 of the Companies Act, 2013</span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span style="background: white; color: #333333; font-family: "Times New Roman",serif; font-size: 12pt;">One Person Company
shall file a copy of the financial statements duly adopted by its member, along
with all the documents which are required to be attached to such financial
statements, <i>within one hundred eighty (180) days from the closure of
the financial year. </i></span></p><div class="separator" style="clear: both; text-align: center;"><i><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjnGGHQNg_CaX8S81Nwsu0UHZTpD2T_SkolIJ78_MSL17M50Oy1BWDBkwbIG1dVUHrCsc3YVYYF9BXxzVNLTxz0NaN6gYL7Y8fes-MmYDJg3iqJLZQcRisTpOYB0sZ8yIumF91Pa_7Od7wJpxXpfrVbTo9N1QtyfNBevpNsuWge1hgFchcH9PtejJeiUZ_X" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="403" data-original-width="537" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEjnGGHQNg_CaX8S81Nwsu0UHZTpD2T_SkolIJ78_MSL17M50Oy1BWDBkwbIG1dVUHrCsc3YVYYF9BXxzVNLTxz0NaN6gYL7Y8fes-MmYDJg3iqJLZQcRisTpOYB0sZ8yIumF91Pa_7Od7wJpxXpfrVbTo9N1QtyfNBevpNsuWge1hgFchcH9PtejJeiUZ_X" width="320" /></a></i></div><i><br /></i><p></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l2 level1 lfo1; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="background: white; color: #333333; font-family: "Times New Roman",serif; font-size: 12pt;">AGM not Applicable for OPC: Section 96</span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;">(1) Every company <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">other
than a One Person Company</i></b> shall in each year hold in addition
to any other meetings, a general meeting as its annual general meeting and
shall specify the meeting as such in the notices calling it, and not more than
fifteen months shall elapse between the date of one annual general meeting of a
company and that of the next.</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l2 level1 lfo1; text-indent: -0.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-IN" style="color: #c00000; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN;">OPC
Annual Filings – Timeline and Key points:</span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">One Person Company shall
file a copy of the financial statements duly adopted by its member, along with
all the documents which are required to be attached to such financial
statements, within one hundred eighty (180) days from the closure of the
financial year. (Section 137 of the CA 2013).</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l3 level1 lfo2; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">AGM not Applicable for OPC: (Section 96.)</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">A person can be member in only one OPC.</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">The following 2 E - forms to be filed for Annual
ROC filing is:</span></p>
<p class="MsoNoSpacing" style="margin-left: 70.9pt; mso-list: l1 level3 lfo3; mso-text-indent-alt: -9.0pt; text-align: justify; text-indent: -70.9pt;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;"><span style="font: 7pt "Times New Roman";">
</span>i.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">MGT-7 - Annual return</span><span lang="EN-IN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"><o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 70.9pt; mso-list: l1 level3 lfo3; mso-text-indent-alt: -9.0pt; text-align: justify; text-indent: -70.9pt;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;"><span style="font: 7pt "Times New Roman";">
</span>ii.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">AOC- 4 - Financial Statements, Balance Sheet &
P&L Account</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l4 level1 lfo4; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Due date for
Annual Financial Statements (AOC-4):</span></b><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"> The due date for
Annual Filing is 27.09.2023 (if FY ended on 31.03.2023)</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l4 level1 lfo4; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Due date for
Annual Return (MGT-7A): </span></b><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">OPC does not require to hold AGM, yet the due date
for filing Form MGT 7 shall be 60 days from the completion of the 6 months from
the end of financial year, that means due date will be 60<sup>th</sup> day
from 27.09.2023.</span></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Form MGT-7A is the form prescribed
for Annual Return of One Person Company and Small companies. This form is
applicable in respect of Annual Return for the F.Y. 2021-22 and onwards of OPC
as defined under Section 2(62) of Companies Act, 2013, and small companies.</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l0 level1 lfo5; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="EN-IN" style="color: #002060; font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Penalty for non - submission with in due
timeline: </span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">In case a return has not
been filed, a Penalty (additional fees) will be levied from the due date
(27.09.2023 – in case of AOC-4) of INR 100/- per day for each day for which
default continue. </span></p><p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"></span></p><p class="MsoNoSpacing" style="margin-left: 0.5in; mso-list: l0 level1 lfo5; text-align: justify; text-indent: -0.25in;"><span lang="EN-IN" style="color: #002060; font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font-family: "Times New Roman"; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variation-settings: normal; line-height: normal;"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-IN" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">DIR - 3 KYC Compliance: </span></u></b></p><div><span style="mso-bidi-font-weight: normal;"><p class="MsoNoSpacing" style="text-align: justify;"><span style="font-family: "Times New Roman", serif; font-size: 12pt;">It is mandatory compliance for DIN / DPIN holders.</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">a.<span style="font-family: "Times New Roman"; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variation-settings: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">E-
Form DIR-3 KYC is to be filed by an individual who holds DIN / DPIN and is
filing his KYC details for the first time or by the DIN holder who has already
filed his KYC once in e-form DIR-3 KYC but wants to update his details.</span></p>
<p class="MsoNoSpacing" style="margin-left: 0.5in; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">b.<span style="font-family: "Times New Roman"; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variation-settings: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Web
service DIR-3-KYC-WEB is to be used by the DIN / DPIN holder who has submitted
DIR-3 KYC eform in the previous financial year and no update is required in his
details.</span></p><p class="MsoNoSpacing" style="margin-left: 0.5in; text-align: justify; text-indent: -0.25in;"><span style="font-family: "Times New Roman", serif; font-size: 12pt; text-align: left;"><b><u>Due date for filing
the KYC form is 30th September, 2023. Penalty is 5000 per DIN / DPIN if not filed within timeline.</u></b></span></p></span></div>
<p class="MsoNoSpacing" style="text-align: justify;"><i><span lang="EN-IN" style="color: #c00000; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">For further query, please
connect at </span></i><i><span lang="EN-IN" style="color: #993300; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"><a href="mailto:cslalitrajput@gmail.com"><span style="color: #993300; text-decoration: none; text-underline: none;">cslalitrajput@gmail.com</span></a></span></i></p>
<div style="text-align: justify;"><span style="font-family: "Times New Roman", serif;"><span style="font-size: x-small;">Disclaimer:<i> Every effort has been
made to avoid errors or omissions in this material. In spite of this, errors
may creep in. Any mistake, error or discrepancy noted may be brought to our
notice which shall be taken care of in the next edition. In no event the author
shall be liable for any direct, indirect, special or incidental damage
resulting from or arising out of or in connection with the use of this
information.</i></span></span></div><p></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-64260117739008679472023-06-17T08:42:00.002+05:302023-06-17T08:42:58.092+05:30Taxation Rules for Leave Encashment – Brief Overview<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 18.0pt;">Taxation Rules for Leave
Encashment – Brief Overview<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">Leave encashment is a process in which an
employee receives monetary compensation in exchange for unused or accumulated
leave days. In many organizations, employees are entitled to a certain number
of paid leave days per year, which can be taken for various reasons such as
vacation, personal or family emergencies, or illness.</span></p><div class="separator" style="clear: both; text-align: right;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEicVm19WameYmemQQAFlfO8gMEtTgjvbSGP9ImuSz8zeSBwfBRHQe1gkeuS-58amgLzcPp3RV0g4dkQkNq5buCjAffn2uZnrjpE12ybZ_O-68PBTQokBuuQRQAKibe9wJT-D2bjLGVtdrykZCs4CMFw7Mu6nWIiNmnOF72P_K6LSqLThwhZpVZy-ubiqQ" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="169" data-original-width="298" height="181" src="https://blogger.googleusercontent.com/img/a/AVvXsEicVm19WameYmemQQAFlfO8gMEtTgjvbSGP9ImuSz8zeSBwfBRHQe1gkeuS-58amgLzcPp3RV0g4dkQkNq5buCjAffn2uZnrjpE12ybZ_O-68PBTQokBuuQRQAKibe9wJT-D2bjLGVtdrykZCs4CMFw7Mu6nWIiNmnOF72P_K6LSqLThwhZpVZy-ubiqQ" width="320" /></a></div><br /><p></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Leave encashment is often provided as a
benefit to employees as it allows them to receive financial compensation for
leave days they did not utilize. It can be particularly beneficial for
employees who are unable to take their leaves due to work commitments or
personal circumstances. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Leave Encashment is the mechanism by which your
unused leaves can turn into additional income and allows employees to receive
compensation for their accumulated unutilized leave balance.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Different types of
leaves typically available to employees:<o:p></o:p></span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Casual Leave <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Earned Leave Or Privilege Leave<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Medical Leave<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Holiday Leave <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Maternity Leave etc.<o:p></o:p></span></p>
<p class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Taxation of Leave
Encashment (before amendment):<o:p></o:p></span></u></b></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody><tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 35.75pt;" valign="top" width="48">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Sl.<o:p></o:p></span></b></p>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Particulars of Leave Encashment<o:p></o:p></span></b></p>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 251.75pt;" valign="top" width="336">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Taxability<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 35.75pt;" valign="top" width="48">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">1<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Received During
Service<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 251.75pt;" valign="top" width="336">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The entire amount is
considered taxable and forms part of their 'Income from Salary.'<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">*please note that
tax benefits can be claimed.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">(section 89 and Form
10E under IT Act 1961)<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 7.0pt; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 35.75pt;" valign="top" width="48">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">2<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Received at the time
of retirement or resignation:<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 251.75pt;" valign="top" width="336">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">For Govt. Employees:
fully tax-exempt.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">For Non-Govt.
Employees: partly exempt and partly taxable. (Follow Section 10(10AA)(ii))<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 8.0pt; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 35.75pt;" valign="top" width="48">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">3<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Legal Heir of a
Deceased Employee:<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 251.75pt;" valign="top" width="336">
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">fully tax-exempt<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Latest Update by CBDT:
<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Central Board of Direct Taxes (CBDT) raises
tax exemption on leave encashment for non-govt salaried employees to ₹25 lakh. The
direct tax authority said that the relief applies to the period of earned leave
in the credit of the employee at the time of retirement whether on
superannuation or otherwise. It is effective from 1 April, 2023.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">The total tax-exempt amount under a section in
the Income Tax Act dealing with leave encashment of salaried private sector
employees shall not exceed the limit of Rs. 25 lakh. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">In the case of government employees, the
entire leave encashment amount received is tax exempt. In the case of private
sector employees, the benefit is subject the conditions listed under section 10
of the Income Tax Act, which deals with incomes exempt from taxation.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; line-height: 115%; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; line-height: 115%; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; line-height: 115%; mso-bidi-font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information.</span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-10475603885372899212022-12-02T11:53:00.004+05:302022-12-02T11:53:58.307+05:30RBI Press Note 3 Format _ Draft<h1 style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjVL8YpiI9veSp8NGJKRlxzmYZdrNJie3dY09M0bnOjhRAkTEcZmBCVSXd1pUj_dzJdPPydiXVj4M0e6y0pzzRFL2553fBHQAy_3EOa-TQczgRW--ExeCDihN-n-0T2a1A4VBozPZwmxUjLIRJkz-lu2XcKOG99XJKLRV2QDlTqjyqrEiymAcWmzl0oYw" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="167" data-original-width="301" height="178" src="https://blogger.googleusercontent.com/img/a/AVvXsEjVL8YpiI9veSp8NGJKRlxzmYZdrNJie3dY09M0bnOjhRAkTEcZmBCVSXd1pUj_dzJdPPydiXVj4M0e6y0pzzRFL2553fBHQAy_3EOa-TQczgRW--ExeCDihN-n-0T2a1A4VBozPZwmxUjLIRJkz-lu2XcKOG99XJKLRV2QDlTqjyqrEiymAcWmzl0oYw" width="320" /></a></div><b>RBI Press Note 3 Draft Format</b> </h1><p align="center" class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: center;"><b><u><span lang="EN-IN" style="font-family: Arial, "sans-serif";">FOREIGN DIRECT
INVESTMENT (FC GPR / FC TRS / Downstream Investment)</span></u></b></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; mso-fareast-font-family: "Times New Roman";">Date:</span><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Times New Roman";">............ BANK LTD.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Times New Roman";">……………………….</span><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";">Dear Sir/ Madam,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 150%; margin-top: 12.0pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";">Ref:</span></b><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; mso-fareast-font-family: "Malgun Gothic";"> Investment in (Name of Indian Company) for
________(number of shares) shares by remitting FCY amount ________(Remitting
FCY Amount)</span><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 150%; margin-top: 12.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">We
confirm that this investment of FCY __ is not from an entity of a country,
which shares land border with India or the </span><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Significant <span style="color: black;">Beneficial
Owner<b style="mso-bidi-font-weight: normal;"> (jointly or severely)</b> of an
investment into India who is situated in or is a citizen of any such country (Pakistan,
Bangladesh, Afghanistan, Nepal, Bhutan, Myanmar, and China.<span style="mso-spacerun: yes;"> </span>China includes Hong Kong and Macau). <o:p></o:p></span></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Herewith we confirm we are in compliance to
Press Note No. 3(2020 Series) dated 17/04/2020<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-top: 12.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">We are hereby sharing the shareholding pattern
of our company for your reference (optional)<o:p></o:p></span></p>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: -.5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed;">
<tbody><tr>
<td style="border-right: none; border: solid black 1.0pt; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.65pt;" valign="top" width="208">
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Investor category<o:p></o:p></span></p>
</td>
<td style="border-right: none; border: solid black 1.0pt; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.6pt;" valign="top" width="207">
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Investor country<o:p></o:p></span></p>
</td>
<td style="border: solid black 1.0pt; mso-border-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.25pt;" valign="top" width="210">
<p class="MsoNormal" style="margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">Percentage holding as
of ___ (date) – prior to remittance</span><span lang="EN-IN"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="border-bottom: solid black 1.0pt; border-left: solid black 1.0pt; border-right: none; border-top: none; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.65pt;" valign="top" width="208">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: solid black 1.0pt; border-right: none; border-top: none; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.6pt;" valign="top" width="207">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.25pt;" valign="top" width="210">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-lastrow: yes;">
<td style="border-bottom: solid black 1.0pt; border-left: solid black 1.0pt; border-right: none; border-top: none; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.65pt;" valign="top" width="208">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: solid black 1.0pt; border-right: none; border-top: none; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 155.6pt;" valign="top" width="207">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.25pt;" valign="top" width="210">
<p class="MsoNormal" style="layout-grid-mode: char; margin-top: 12.0pt; mso-line-height-alt: 5.0pt; text-align: justify;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 35.45pt; margin-right: 0in; margin-top: 12.0pt; text-align: justify; text-indent: -17.45pt;"><span lang="EN-IN" style="color: black; font-family: "Arial","sans-serif"; font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span></span><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt;"><o:p></o:p></span></p>
<p class="MsoPlainText"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt;">Yours Faithfully <span style="mso-tab-count: 6;"> </span>Yours
Faithfully <span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<p class="MsoPlainText"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt;"><span style="mso-tab-count: 4;"> </span><o:p></o:p></span></p>
<p class="MsoPlainText"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt;"><o:p> </o:p></span></p>
<p class="MsoPlainText"><span lang="EN-IN" style="font-family: "Arial","sans-serif"; font-size: 11.0pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";">Authorised Signatory<span style="mso-tab-count: 5;"> </span>Authorised
Signatory<span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";">Name:- <span style="mso-tab-count: 7;"> </span>Name:-
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";">Designation:-<span style="mso-tab-count: 7;"> </span>Designation:-<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";">Email id :- <span style="mso-tab-count: 7;"> </span>Email
id :- <o:p></o:p></span></p>
<div style="border-bottom: solid black 1.0pt; border: none; mso-element: para-border-div; padding: 0in 0in 0in 0in;">
<p class="MsoNormal" style="border: none; mso-border-bottom-alt: solid black 1.0pt; mso-padding-alt: 0in 0in 0in 0in; padding: 0in; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";">Contact number:-<span style="mso-tab-count: 6;"> </span>Contact
number:-<span style="mso-tab-count: 2;"> </span><b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="border: none; mso-border-bottom-alt: solid black 1.0pt; mso-padding-alt: 0in 0in 0in 0in; padding: 0in; text-align: justify;"><b><span lang="EN-IN" style="font-family: "Arial","sans-serif";">(Investor)</span></b><span lang="EN-IN" style="font-family: "Arial","sans-serif";"><span style="mso-tab-count: 7;"> </span>(<b>Investee
Company)<span style="mso-tab-count: 1;"> </span></b><span style="mso-tab-count: 2;"> </span><span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p><div class="post-body entry-content" id="post-body-4855792368238678998" itemprop="description articleBody" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; line-height: 1.4; position: relative; width: 570px;"><p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><span style="font-family: "Times New Roman", serif;"><i><b>For any query please connect @ 9625483520 / cslalitrajput@gmail.com </b></i></span></p><p class="MsoNormal" style="background: white; font-size: 15.4px; line-height: normal; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><span style="font-family: "Times New Roman", serif;"><i><b>Disclaimer: </b> Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.</i></span></p><div style="clear: both; font-size: 15.4px;"></div></div><p class="MsoNormal" style="border: none; mso-border-bottom-alt: solid black 1.0pt; mso-padding-alt: 0in 0in 0in 0in; padding: 0in; text-align: justify;"><span lang="EN-IN" style="font-family: "Arial","sans-serif";"></span></p><div class="post-footer" style="background-color: #eee9dd; border-bottom: 1px solid rgb(238, 238, 238); color: #666555; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 12.6px; line-height: 1.6; margin: 20px -2px 0px; padding: 5px 10px;"></div>
</div>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-48557923682386789982022-10-08T12:02:00.002+05:302022-10-08T12:02:23.963+05:30Board Resolution for Change in GST Address - Draft <p><b style="text-align: justify;"><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm; text-transform: uppercase;">Extracts of the minutes of the ……….. (no.
of meeting) meeting of the board of the directors of ………………………. PRIVATE LIMITED
(the Company) held on ………(DAY), ……………….. (Date) at …….. (Time) at the registered of the Company at ……………………………………….</span></b><b style="text-align: justify;"><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm; text-transform: uppercase;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt; text-align: justify; vertical-align: baseline;"><b><u><span lang="EN-GB" style="border: none windowtext 1.0pt; color: #0070c0; font-family: "Times New Roman",serif; font-size: 15.0pt; mso-ansi-language: EN-GB; mso-bidi-font-size: 12.0pt; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">Board
Resolution for Change in GST Address</span></u></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></b></p><div class="separator" style="clear: both; text-align: center;"><b style="mso-bidi-font-weight: normal;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgkhJWYuARz-DDyz4LTn35NEqarrD-npB422H51Q043UVFZ4Gdn4Lv0ALXTi1TH4obGH8ec-ajyPck_8rweABNc6qanh5y_tTCaBI-Z8nXFsysy650wEwjV2X8PzHY1Pz-nk23kEGRgHkyqsqaxT0If6ix928jvrPBf1nU9Tfm2gpEJNJOxgOebCzo9mg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="168" data-original-width="300" height="179" src="https://blogger.googleusercontent.com/img/a/AVvXsEgkhJWYuARz-DDyz4LTn35NEqarrD-npB422H51Q043UVFZ4Gdn4Lv0ALXTi1TH4obGH8ec-ajyPck_8rweABNc6qanh5y_tTCaBI-Z8nXFsysy650wEwjV2X8PzHY1Pz-nk23kEGRgHkyqsqaxT0If6ix928jvrPBf1nU9Tfm2gpEJNJOxgOebCzo9mg" width="320" /></a></b></div><b style="mso-bidi-font-weight: normal;"><br />“RESOLVED
THAT</b><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> pursuant to the applicable provisions
of GST Act, 2017 and other applicable rules and regulations as amended from
time to time, the consent of the Board of Directors of the Company be and is
hereby accorded to make necessary amendment in the core field with respect to
the change of address from ………………… to …………………… against GSTIN ……………………. at GST
Portal.</span><p></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">RESOLVED
THAT</span></b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;"> the
Board do hereby appoint Shri …………….. (DIN …………), being the Directors of the
company as Authorised Signatory for enrolment of the Company on the <b><u>Goods
and Service Tax (GST) System Portal</u></b> and to sign and submit the
necessary returns / documets electronically and/or physically and to make <u><a href="http://www.corporatelaws.in/2016/12/FAQ-Online-GST-Registration.html" target="_blank"><span style="color: windowtext;">applications, communications</span></a></u>,
representations, modifications or alterations on behalf of the Company before
the Central GST and/or the concerned State GST authorities as and when
required.”</span></p>
<p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; padding: 0cm;">FURTHER RESOLVED THAT</span></b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; padding: 0cm;"> <span style="background: white;">Shri …………… (DIN ………….),
being the Directors of the company be and </span>is hereby authorized to
represent the Company and to <u><a href="http://www.corporatelaws.in/2016/12/Procedure-GST-Registration-Online.html" target="_blank"><span style="color: windowtext;">take necessary actions</span></a></u> on
all good</span><span lang="EN-GB"> </span><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; padding: 0cm;">s and
service tax related issues including but not limited to presenting
documents/records etc., on behalf of the Company liaising / representing<span style="mso-spacerun: yes;"> </span>for<span style="mso-spacerun: yes;">
</span>registration of the Company and also to make any alterations,
additions,<span style="mso-spacerun: yes;"> </span>corrections,<span style="mso-spacerun: yes;"> </span>to the<span style="mso-spacerun: yes;">
</span>documents, papers,<span style="mso-spacerun: yes;"> </span>forms,
etc.,<span style="mso-spacerun: yes;"> </span>filed with<span style="mso-spacerun: yes;"> </span>service<span style="mso-spacerun: yes;">
</span>tax<span style="mso-spacerun: yes;"> </span>authorities as and<span style="mso-spacerun: yes;"> </span>when required.</span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">FURTHER RESOLVED THAT</span></b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;"> Shri
…………….. <span style="mso-spacerun: yes;"> </span>(DIN …………..), being the
Directors of the company be and is hereby authorized on behalf of the
Company to sign the returns, documents, letters, correspondences etc. and to
represent on behalf of the Company, for assessments, appeals or otherwise before
the goods and service tax authorities as and when required.<o:p></o:p></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><br /></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">Certified
True Copy</span></b><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">For ……………………………..<o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">(Sign)
____________<o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">Name: <o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">(DIN)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><b><span lang="EN-GB" style="border: none windowtext 1.0pt; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; padding: 0cm;">(Address)
<o:p></o:p></span></b></p><p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify; vertical-align: baseline;"><span style="font-family: Times New Roman, serif;"><i><b>Disclaimer: </b> Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.</i></span></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-92194671399975348412022-10-01T09:33:00.000+05:302022-10-01T09:33:19.226+05:30EPF Scheme / Investment – Top 10 Key Updates - Part 1<p style="text-align: center;"><span style="font-size: large;"> <b style="text-align: center;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;">EPF Scheme / Investment – Top 10 Key
Updates - Part 1</span></u></b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">EPF is the main scheme, under which retirement
benefits are accumulated, launched under the Employees' Provident Funds and
Miscellaneous Provisions Act, 1952 and which is managed under the aegis of
Employees' Provident Fund Organisation (EPFO).<br /></span></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Applicability: EPF covers every establishment in which 20 or more people
are employed and certain organisations are covered, subject to certain
conditions and exemptions even if they employ less than 20 persons each.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Under EPF scheme, an employee has to pay a certain contribution towards
the scheme and an equal contribution is paid by the employer.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Contribution paid by the employer is 12 per cent of basic wages plus
dearness allowance plus retaining allowance. An equal contribution is payable
by the employee also.<o:p></o:p></span></p><div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiDPm06s4Q1jA8PFnujqdbLKpaHkD2R2hT13F3lYRY-Zj9QDf9ZMnzaXHR-ubnFcAiQ-Nm5qBtO96G1EL2a4dhEw9xfSAkrqFgwGE8hKgzwOop87VrmGk0-svIHMLkgnibWCJujD4f-63QHLJmxgdzoPknGWYJP9Q8qrPvHSM4oq-P-3s_76CJyVzZV3g" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="240" data-original-width="320" height="300" src="https://blogger.googleusercontent.com/img/a/AVvXsEiDPm06s4Q1jA8PFnujqdbLKpaHkD2R2hT13F3lYRY-Zj9QDf9ZMnzaXHR-ubnFcAiQ-Nm5qBtO96G1EL2a4dhEw9xfSAkrqFgwGE8hKgzwOop87VrmGk0-svIHMLkgnibWCJujD4f-63QHLJmxgdzoPknGWYJP9Q8qrPvHSM4oq-P-3s_76CJyVzZV3g=w400-h300" width="400" /></a></div><p></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">For most employees of the private sector, it's the basic salary on which
the contribution is calculated.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">The employee can voluntarily pay higher contribution above the statutory
rate of 12 percent of basic pay. This is called contribution towards Voluntary
Provident Fund (VPF) which is accounted for separately.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">The Interest in EPF is calculated on the basis of monthly running
balance.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Universal Account Number (UAN) is allotted by EPFO which acts as an
umbrella for the multiple Member IDs allotted to an individual by different
establishments.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Currently, 8.50 percent interest is being paid on EPF investments.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">If no withdrawals from your PF account have been made prior to
retirement, you will be eligible for a pension (EPS-Pension). You will get a
monthly pension as part of EPFO's EPS (Employee Pension Scheme). <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">The government has notified the
amendment in EPF scheme rules regarding withdrawal of funds from the EPF
account to deal with coronavirus-related financial exigencies. The government
had allowed employees to withdraw from their provident fund account in case
they needed emergency funds due to financial stress caused by the covid-19
pandemic. EPF member can withdraw up to 75% of his/her provident fund balance
or three months’ basic wages plus dearness allowance, whichever is lower. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;">
</span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-36840748418234474202022-09-25T08:21:00.002+05:302022-09-25T08:40:43.945+05:30OPC Annual Filing 2022: Compliances & Due Dates<p align="center" class="MsoNoSpacing" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 20pt; mso-bidi-font-size: 12.0pt;">OPC Annual
Filing 2022: Compliances & Due Dates</span></u></b></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l2 level1 lfo1; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><u><span lang="EN-US" style="color: #073763; font-family: "Times New Roman",serif; font-size: 12pt;">Define One Person Company:</span></u></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Sec 2(62)
"One Person Company" means a company which has only one person as a
member. <o:p></o:p></span></p>
<p class="MsoNoSpacing"></p><div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh29GSXc6btwx6GkCbcMIXLWBhAvmZIKFoRIdMl_Hu-HIQbv1G4mGfu_7hM2H9TyFOfANXYt3NsaIMpBWDFc9cLX7kKj2kzyg1h9JpfrrkuJe1RktFnTdYcXPq5tjBIPTZRrcAMi2rugpgpzK1jRI5Ye_wAsPx4gHTLuo-jlpcyE1F_RDxZG4LvUUHdcw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="194" data-original-width="259" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEh29GSXc6btwx6GkCbcMIXLWBhAvmZIKFoRIdMl_Hu-HIQbv1G4mGfu_7hM2H9TyFOfANXYt3NsaIMpBWDFc9cLX7kKj2kzyg1h9JpfrrkuJe1RktFnTdYcXPq5tjBIPTZRrcAMi2rugpgpzK1jRI5Ye_wAsPx4gHTLuo-jlpcyE1F_RDxZG4LvUUHdcw=w320-h240" width="320" /></a></div><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">For OPC: Return Filing Provisions & AGM</span><p></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l2 level1 lfo1; text-indent: -18pt;"></p><!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Section
137 of the Companies Act, 2013</span></u></b><p></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-US" style="background: white; color: #333333; font-family: "Times New Roman",serif; font-size: 12pt;">One Person Company shall file a copy of the financial
statements duly adopted by its member, along with all the documents which are
required to be attached to such financial statements, <i>within one
hundred eighty (180) days from the closure of the financial year. <br /></i></span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="background: white; color: #333333; font-family: "Times New Roman",serif; font-size: 12pt;">AGM not
Applicable for OPC: Section 96</span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">(1) Every
company <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">other than a One Person Company</i></b> shall in each year hold
in addition to any other meetings, a general meeting as its annual general
meeting and shall specify the meeting as such in the notices calling it, and
not more than fifteen months shall elapse between the date of one annual
general meeting of a company and that of the next.</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l2 level1 lfo1; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12pt; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #c00000; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN;">OPC Annual Filings – Timeline and Key points:</span></u></b></p>
<p class="MsoNoSpacing"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">One Person
Company shall file a copy of the financial statements duly adopted by its
member, along with all the documents which are required to be attached to such
financial statements, within one hundred eighty (180) days from the
closure of the financial year. (Section 137 of the CA 2013).</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l3 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">AGM not Applicable for OPC:
(Section 96.)</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">A person can be member in
only one OPC.</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">The following 2 E - forms
to be filed for Annual ROC filing is:</span></p>
<p class="MsoNoSpacing" style="margin-left: 70.9pt; mso-list: l1 level3 lfo3; mso-text-indent-alt: -9.0pt; text-align: justify; text-indent: -70.9pt;"><!--[if !supportLists]--><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;"><span style="font: 7pt "Times New Roman";">
</span>i.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">MGT-7 -
Annual return</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"><o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 70.9pt; mso-list: l1 level3 lfo3; mso-text-indent-alt: -9.0pt; text-align: justify; text-indent: -70.9pt;"><!--[if !supportLists]--><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;"><span style="font: 7pt "Times New Roman";">
</span>ii.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">AOC- 4 -
Financial Statements, Balance Sheet & P&L Account</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Due date for Annual Financial Statements (AOC-4):</span></b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"> The due date for
Annual Filing is 27.09.2022 (if FY ended on 31.03.2022)</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Due date for Annual Return (MGT-7A): </span></b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">OPC does not require to
hold AGM, yet the due date for filing Form MGT 7 shall be 60 days from the
completion of the 6 months from the end of financial year, that means due
date will be 60<sup>th</sup> day from 27.09.2022.</span></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Form MGT-7A is the form prescribed for Annual
Return of One Person Company and Small companies. This form is applicable in
respect of Annual Return for the F.Y. 2021-22 and onwards of OPC as defined
under Section 2(62) of Companies Act, 2013, and small companies.</span></p>
<p class="MsoNoSpacing" style="margin-left: 36pt; mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12pt; mso-ansi-language: EN-IN; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings; mso-fareast-language: EN-IN;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">Penalty for non - submission with in due timeline: </span></u></b></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">In case a return has not been filed, a Penalty
(additional fees) will be levied from the due date (27.09.2022) of INR 100/-
per day for each day for which default continue. </span></p>
<p class="MsoNoSpacing" style="text-align: justify;"><i><span style="color: #c00000; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;">For further query, please connect at +91 9625483520
/ </span></i><i><span style="color: #993300; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-IN; mso-fareast-language: EN-IN;"><a href="mailto:cslalitrajput@gmail.com"><span style="color: #993300; text-decoration: none; text-underline: none;">cslalitrajput@gmail.com</span></a></span></i></p>
<p class="MsoNoSpacing" style="text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Disclaimer:<i> Every
effort has been made to avoid errors or omissions in this material. In spite of
this, errors may creep in. Any mistake, error or discrepancy noted may be
brought to our notice which shall be taken care of in the next edition. In no
event the author shall be liable for any direct, indirect, special or
incidental damage resulting from or arising out of or in connection with the
use of this information.</i><o:p></o:p></span></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-6693000290284603722022-09-21T11:07:00.002+05:302022-09-21T11:07:57.234+05:30MCA Forms revised - MGT-7A & CSR 1 on 20.09.2022<p style="text-align: center;"><span style="font-size: x-large;"><b>MCA Forms MGT-7A & CSR 1 revised on 20.09.2022</b></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: x-large;"><b><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiAYdfSynm81z2R8-h7qugqgULjo-XqVZ0j9MfVj1b2Q60e4YKe8q0XJTkG63x-7mv1Or6MXB-VlzU95Al_NMmQEN13f_zZ_EPy8Rk7FOXUYYh-PbWq-TpOP1EwZ19bFemBihxvVV6XhS7_fbeCM-xVjZXrGN22YBQpHLMYSs7t2QQZdDPcsWx3lpkVNQ" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="158" data-original-width="318" height="159" src="https://blogger.googleusercontent.com/img/a/AVvXsEiAYdfSynm81z2R8-h7qugqgULjo-XqVZ0j9MfVj1b2Q60e4YKe8q0XJTkG63x-7mv1Or6MXB-VlzU95Al_NMmQEN13f_zZ_EPy8Rk7FOXUYYh-PbWq-TpOP1EwZ19bFemBihxvVV6XhS7_fbeCM-xVjZXrGN22YBQpHLMYSs7t2QQZdDPcsWx3lpkVNQ" width="320" /></a></b></span></div><span style="font-size: x-large;"><b><br /></b></span><p></p><p style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 13pt;">Ministry of Corporate Affairs on 20</span><sup style="color: #002060; font-family: "Times New Roman", serif;">th</sup><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 13pt;"> September, 2022
has revised the following forms:</span></p><p>
</p><p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt;">MGT-7A:
Form for filing annual return by OPCs and Small company.<span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt;">CSR-1:
Registration of Entities for undertaking CSR Activities.</span></p>
<p class="MsoNormal"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt;">You are hereby requested to download the latest versions of the
Forms (MFT – 7A and CSR -1) before filings.</span></p>
<p class="MsoNormal"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt;">Download the forms from: <a href="https://www.mca.gov.in/MinistryV2/companyformsdownload.html">Click Here</a><o:p></o:p></span></p><p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhf2YGEXPsgMTZghzaqIhcTGPs1kH7MV1CuAb07JrTABQuSSlqs_AmAp6-SEJkJzs7GTm0qjlDZAINT2hk12g6tbM-bz_KmKXSqm3Zv3HLUrRvYkkvFlYOb1gD5iDi8HgXzZFZVizbNG4ezzbV7ds-eWSfAG6oODWvaX_8MPy41mP3hmFI3GYzyzMVZog" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="144" data-original-width="610" height="85" src="https://blogger.googleusercontent.com/img/a/AVvXsEhf2YGEXPsgMTZghzaqIhcTGPs1kH7MV1CuAb07JrTABQuSSlqs_AmAp6-SEJkJzs7GTm0qjlDZAINT2hk12g6tbM-bz_KmKXSqm3Zv3HLUrRvYkkvFlYOb1gD5iDi8HgXzZFZVizbNG4ezzbV7ds-eWSfAG6oODWvaX_8MPy41mP3hmFI3GYzyzMVZog=w319-h85" width="319" /></a></div><br /><br /><p></p><p class="MsoNormal"><br /></p><p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhWpsDDoBPhJQh_3SDExAy52RABIRrCGUjbRwyGwDEcfY-mCU5zK1SNIGk5BYcT2gLPTXtYOWEtiZXftLJEQaqMldiIIv28lZVUJztLgt8vt4SfWaLyw1wgXRL7svLVDdAzvbwFXUJpWEktSk_ItSfXpWkPw6VZ64sxFGUqy_qByhKBjGKSHoTxnXaDDA" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="69" data-original-width="613" height="71" src="https://blogger.googleusercontent.com/img/a/AVvXsEhWpsDDoBPhJQh_3SDExAy52RABIRrCGUjbRwyGwDEcfY-mCU5zK1SNIGk5BYcT2gLPTXtYOWEtiZXftLJEQaqMldiIIv28lZVUJztLgt8vt4SfWaLyw1wgXRL7svLVDdAzvbwFXUJpWEktSk_ItSfXpWkPw6VZ64sxFGUqy_qByhKBjGKSHoTxnXaDDA=w400-h71" width="400" /></a></div><br /><br /><p></p><p></p><div class="post-body entry-content" id="post-body-8337661378824416213" itemprop="description articleBody" style="-webkit-text-stroke-width: 0px; background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 16.94px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; line-height: 1.4; orphans: 2; position: relative; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; width: 570px; word-spacing: 0px;"><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><span style="font-size: medium;"><b><u><span style="font-family: "Times New Roman", serif;"><br /></span></u></b></span></p><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><span style="font-size: medium;"><b><u><span style="font-family: "Times New Roman", serif;"><br /></span></u></b></span></p><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><span style="font-size: medium;"><b><u><span style="font-family: "Times New Roman", serif;">Disclaimer:</span></u></b><b><span style="font-family: "Times New Roman", serif;"> </span></b><i><span style="font-family: "Times New Roman", serif;">Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.<o:p></o:p></span></i></span></p><b><span lang="EN-US"><span style="font-size: medium;"><span style="background: yellow;"></span></span></span></b><p></p><div style="clear: both;"></div></div><div class="post-body entry-content" id="post-body-7344692164310469759" itemprop="description articleBody" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px; line-height: 1.4; position: relative; width: 570px;"><div style="clear: both;"></div></div><div class="post-footer" style="background-color: #eee9dd; border-bottom: 1px solid rgb(238, 238, 238); color: #666555; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 12.6px; line-height: 1.6; margin: 20px -2px 0px; padding: 5px 10px;"></div><p>
</p><p class="MsoNormal"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 13.0pt;"><o:p> </o:p></span></p><br /><p></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-73446921643104697592022-09-18T23:56:00.003+05:302022-09-18T23:56:43.592+05:30Stamp Duty Payment through MCA Portal<h1 style="text-align: center;"><b><span style="color: red; font-size: x-large;"><u> Stamp Duty Payment through MCA Portal:</u></span></b></h1><p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi8-vZjhPfmIN8LSzUIEoaXugRrXTCidMgJYRqgq19GphxfxFaeUapXkjWDtOtiQQIEyP3IohglZejAjQ5S3zX5dPWQkbSLGe67B90D5VBsjOJFCm8k1o085Tuy7KRRyRVyImKx97_qCuDuJf9V7kKvmWISuBKwXuc_H5ypRa8lRccfbjHlkOnjdAPYvQ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="190" data-original-width="265" height="229" src="https://blogger.googleusercontent.com/img/a/AVvXsEi8-vZjhPfmIN8LSzUIEoaXugRrXTCidMgJYRqgq19GphxfxFaeUapXkjWDtOtiQQIEyP3IohglZejAjQ5S3zX5dPWQkbSLGe67B90D5VBsjOJFCm8k1o085Tuy7KRRyRVyImKx97_qCuDuJf9V7kKvmWISuBKwXuc_H5ypRa8lRccfbjHlkOnjdAPYvQ" width="320" /></a></div><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: large;">Stamp duty for LLP Agreement should not be paid on MCA Portal.
The Stamp Duty payable for LLP Agreement is a State subject and same may be
paid as per the State Stamp Act.<br /> <o:p></o:p></span></span></i></b><p></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-size: large;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Till the time specific Stamp Duty is prescribed in respective
Stamp Act, the Stamp duty on LLP Agreement may be paid as per the stamp duty
payable on partnership agreement in view of the Finance Bill, 2009.</span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><o:p></o:p></span></i></b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: large;">MCA is providing opportunity to utilise the facility to pay
stamp duty online / electronically via MCA Portal. To make a payment of stamp
duty through MCA21 system, follow the steps given below:<o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(i)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Login
to the MCA portal. When you login, select the Company option. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(ii)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Click
the MCA Services tab. The list of MCA Services is displayed. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(iii)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Under
the MCA Services tab, click the Pay Stamp Duty menu. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(iv)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">The
Pay Stamp Duty Fee page is displayed. In the SRN field, enter the SRN for which
you want to make the payment. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(v)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Click
the Submit button. The SRN details are displayed. If the SRN pertains to
additional stamp duty payment, enter the additional fee details on this page. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(vi)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Click
the Pay button. The Payment Options page is displayed. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">(vii)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Select
the payment option. Note: Refer the Payment Services section to learn to make
payment using this payment option. <o:p></o:p></span></span></p>
<p class="MsoListParagraphCxSpLast" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"><!--[if !supportLists]--><span style="font-size: large;"><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;">(viii)<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">You
will be redirected to your bank’s website to make the payment. After the
payment is made the Transaction Receipt is generated</span>.</span></p><p class="MsoListParagraphCxSpLast" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -1.0cm;"></p><p class="MsoListParagraphCxSpLast" style="-webkit-text-stroke-width: 0px; background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-left: 63.8pt; orphans: 2; text-align: justify; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: medium;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 18.4px;"></span></span></p><p></p><div class="post-body entry-content" id="post-body-8337661378824416213" itemprop="description articleBody" style="-webkit-text-stroke-width: 0px; background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 16.94px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; line-height: 1.4; orphans: 2; position: relative; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; width: 570px; word-spacing: 0px;"><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><span style="font-size: medium;"><b><u><span style="font-family: "Times New Roman", serif;">Disclaimer:</span></u></b><b><span style="font-family: "Times New Roman", serif;"> </span></b><i><span style="font-family: "Times New Roman", serif;">Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.<o:p></o:p></span></i></span></p><b><span lang="EN-US"><span style="font-size: medium;"><span style="background: yellow;"></span></span></span></b><p></p><div style="clear: both;"></div></div>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-5445320181607577532022-09-18T23:51:00.002+05:302022-09-18T23:51:43.899+05:30MCA - How to add multiple roles to User profile _ MCA V-3?<h1 style="text-align: left;"><b style="text-align: justify; text-indent: -18pt;"><u><span style="color: #c00000; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: x-large;">How to add multiple roles to User profile at MCA?</span></span></u></b></h1>
<p class="MsoListParagraphCxSpMiddle" style="text-align: justify;"></p><div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhh_vjRkvSutIkCMzjmz8JAKDXGN2Wr27XejQ_d4C9_bzshRfEkdmfidH4PelUVDK9ww3Rc9lWty6YlWFEvDh10CwGRakadcZHUridvlyn9bCNbHizgCOWDlLUr7gFFQKqunE8DH26QpqwF4HNZsMl4yOl05I-m_WFyv3N5QC6OczHqGfdqxqycbRIcUQ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="150" data-original-width="330" height="145" src="https://blogger.googleusercontent.com/img/a/AVvXsEhh_vjRkvSutIkCMzjmz8JAKDXGN2Wr27XejQ_d4C9_bzshRfEkdmfidH4PelUVDK9ww3Rc9lWty6YlWFEvDh10CwGRakadcZHUridvlyn9bCNbHizgCOWDlLUr7gFFQKqunE8DH26QpqwF4HNZsMl4yOl05I-m_WFyv3N5QC6OczHqGfdqxqycbRIcUQ" width="320" /></a></div><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: medium;">Yes, you can add multiple roles to your
profile. However, this feature is only available for Registered users and
Business users other than Company/LLP users. You can use the option ‘Add Role’
provided on the profile update page.<br /></span></span><p></p>
<p class="MsoListParagraphCxSpMiddle" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: medium;">On clicking this option, you would be
given an option to add following roles and provide <b style="mso-bidi-font-weight: normal;"><u>requisite additional information</u></b>:</span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 63.8pt; mso-add-space: auto; mso-list: l0 level2 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-size: medium;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">a.<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Director/Designated
partner – DIN, DPIN (as applicable).</span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 63.8pt; mso-add-space: auto; mso-list: l0 level2 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-size: medium;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">b.<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Professional
- Professional membership details such as Name of the Institute and Membership
number (as applicable).</span></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 63.8pt; mso-add-space: auto; mso-list: l0 level2 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-size: medium;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="mso-list: Ignore;">c.<span style="font-family: "Times New Roman"; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;">Manager/Secretary/Authorized
representative – PAN (if not provided earlier) and CIN/LLPIN/FCRN of the
company/LLP where the user wants to be appointed as an authorized signatory
will be asked.</span><span style="color: #002060; font-family: "Times New Roman", serif;"> </span></span></p>
<p class="MsoListParagraphCxSpLast" style="margin-left: 63.8pt; mso-add-space: auto; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"><span style="font-size: medium;">The request
will then be forwarded to the respective Company/LLP user and their current
Directors for authorization. Once authorized, the user will have access to the
role. Refer use case 5 for authorization process.</span></span></p><div class="post-body entry-content" id="post-body-8337661378824416213" itemprop="description articleBody" style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; line-height: 1.4; position: relative; width: 570px;"><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><span style="font-size: medium;"><b><u><span style="font-family: "Times New Roman", serif;">Disclaimer:</span></u></b><b><span style="font-family: "Times New Roman", serif;"> </span></b><i><span style="font-family: "Times New Roman", serif;">Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.<o:p></o:p></span></i></span></p><b><span lang="EN-US"><span style="font-size: medium;"><span style="background: yellow;"></span></span></span></b><p></p><div style="clear: both;"></div></div><p class="MsoListParagraphCxSpLast" style="margin-left: 63.8pt; mso-add-space: auto; text-align: justify;"><span style="font-size: medium;"><span style="color: #002060; font-family: "Times New Roman", serif; line-height: 115%;"></span></span></p><div class="post-footer" style="background-color: #eee9dd; border-bottom: 1px solid rgb(238, 238, 238); color: #666555; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; line-height: 1.6; margin: 20px -2px 0px; padding: 5px 10px;"></div>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-83376613788244162132022-09-14T06:51:00.005+05:302022-09-14T06:51:57.375+05:30Draft Board resolution for opening of a company Bank Account<p style="text-align: center;"><span style="text-align: justify;"><span lang="EN-US" style="text-transform: uppercase;"><span style="color: #1f1a17; font-size: large;"><b>Draft Board resolution for opening of a company Bank Account</b></span></span></span></p><p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US" style="color: #1f1a17; mso-fareast-font-family: Helvetica; text-transform: uppercase;">CERTIFIED
TRUE COPY OF THE RESOLUTION PASSED AT THE ……….. <span style="background: yellow; mso-highlight: yellow;">(No. of meeting)</span></span></b><b><span lang="EN-US" style="color: #1f1a17; mso-fareast-font-family: Helvetica;"> MEETING OF THE BOARD
OF DIRECTORS OF <span style="background: yellow;">(NAME OF COMPANY)</span> HELD
ON <span style="background: yellow;">( DAY, DATE AND TIME ) AT ( PLACE – ADDRESS )</span></span></b></p><p class="MsoNormal" style="text-align: justify;"><span lang="EN-US"><b>"RESOLVED
THAT</b> Account in the name of <b>" <span style="background: yellow;">NAME OF
COMPANY</span> "</b> be opened with <span style="background: yellow; mso-highlight: yellow;">(Name and Address of the bank) ……</span>…………………. and
following Authorized Signatories
are hereby severally authorized
to open the said Account.</span></p><ol start="1" style="margin-top: 0cm;" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b><span lang="EN-US" style="background: yellow;">PLEASE ENTER ALL NAMES</span><span lang="EN-US"><o:p></o:p></span></b></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b><span lang="EN-US">– <o:p></o:p></span></b></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; text-align: justify;"><b><span lang="EN-US"> </span></b></li></ol><p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US">Mode of
operation to operate the said account will AS PER THE FOLLOWING :</span></b></p><p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US" style="background: yellow;">PLEASE ENTER YOUR SIGNATORY MATRIX HERE</span></b></p><p class="MsoNormal" style="text-align: justify;"><span lang="EN-US"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEj1CsDTBhnE1b97M9A8qVhluUq4QFM0FpIh83kwdDfXIt1O-Y2PDCCwXx90RNRts-4yDapeMc-EYdu6kKOjboafy2BC5_wj_sj0zdWE4MlQ45mpXyYvhhNbxISxN0L3LGPYZlaP2lN2M-iRQg327TyDIwgt685VkwcfJROdVQDkgeiHXqRnk5_mGo8J0g" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="206" data-original-width="245" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEj1CsDTBhnE1b97M9A8qVhluUq4QFM0FpIh83kwdDfXIt1O-Y2PDCCwXx90RNRts-4yDapeMc-EYdu6kKOjboafy2BC5_wj_sj0zdWE4MlQ45mpXyYvhhNbxISxN0L3LGPYZlaP2lN2M-iRQg327TyDIwgt685VkwcfJROdVQDkgeiHXqRnk5_mGo8J0g" width="285" /></a></div><br /><b>RESOLVED FURTHER
THAT</b> the said Bank be and is hereby authorised to accept, honour and pass all
cheques, hundis, bill exchange promissory notes, indemnities, guarantees,
agreement for letter of credit, trust receipt for monies, received and any
other commercial documents whatsoever drawn made, accepted endorsed executed by
above mentioned Authorized signatories (jointly or severally)<b> </b>and to act
upon all instructions given by them relating to the account whether the funds
in the account are overdrawn or not, all which shall be binding on the company.<p></p><p class="MsoNormal" style="text-align: justify;"><span lang="EN-US">Certified True
copy</span></p><p style="text-align: center;">
</p><p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US">FOR .<span style="background: yellow;">..........................................</span></span></b></p><p class="MsoNormal" style="text-align: justify;"></p><p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;">
</span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p><b><span lang="EN-US"><span style="background: yellow;"></span></span></b><p></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-82661569060864807422022-09-13T18:49:00.003+05:302022-09-13T18:49:57.902+05:30How to change date of birth online in EPFO records<h2 style="text-align: center;"><span style="font-size: large;"> <b style="text-align: center;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;">Updation / Correction of date of birth
online in EPFO records</span></u></b></span></h2>
<p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgiaviNzK_MIXckmFO7q0AC9SyGBwiaADxrsMOamPzfEPazItg7p8w0I0Sv24vm9jts4UcjLA6YlSsH2nWIIXSaWA20Z9FUTeG3iygQVU-Bc_2JqXU8HMWgDIXGTRoVNXoDWcvXcUanmleGGgowi_VZep7qJmcyRYrEb3UgaefeAXZmuFht6EmDNAAfzQ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="168" data-original-width="299" height="180" src="https://blogger.googleusercontent.com/img/a/AVvXsEgiaviNzK_MIXckmFO7q0AC9SyGBwiaADxrsMOamPzfEPazItg7p8w0I0Sv24vm9jts4UcjLA6YlSsH2nWIIXSaWA20Z9FUTeG3iygQVU-Bc_2JqXU8HMWgDIXGTRoVNXoDWcvXcUanmleGGgowi_VZep7qJmcyRYrEb3UgaefeAXZmuFht6EmDNAAfzQ" width="320" /></a></div><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">Employee having valid UAN,
need to make sure that his or her date of birth (DOB) details are true and
correct in Employees’ Provident Fund (EPF) records and also similar as
mentioned in the Aadhaar database. In case of mismatch, the UAN holder may face
delay in EPF withdrawal claims.</span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> <br /></span><p></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">According to EPFO:</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">A.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">EPF members
can update the date of Birth online by submitting Aadhaar or e-Aadhaar on the
Unified Member Portal if the difference in DOB is less than 3 years.</span></p>
<p class="MsoListParagraphCxSpLast" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">B.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">If the
difference is more than 3years, submit Aadhaar/e-Aadhaar along with following
documents on the Unified Member Portal:-<o:p></o:p></span></p>
<p class="MsoNormal"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Any one of the
following documents is accepted as valid proof of the date of birth.</span></b></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Any
school/education certificate<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Birth
certificate issued by Registrar of Birth and Deaths<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Passport<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">d)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Certificate-based
on service records from central/state government organisations<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">e)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Any reliable
documents issued by government departments like Driving License, ESIC card,
etc. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="margin-left: 1.0cm; mso-add-space: auto; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">f)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Medical
certificate issued by Civil surgeon after examining the member and supported
with an affidavit on oath by the members and authenticated by a competent
court.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Procedure to Update Date of Birth:</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Visit isit Members Unified
Portal at </span><span class="MsoHyperlink"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><a href="https://unifiedportal-mem.epfindia.gov.in/memberinterface/">Click Here</a></span></span><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Enter UAN, Password and
Captcha<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Click Sign-in and Login into
the portal<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">d)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Click Manage and then Click
Modify Basic Details<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">e)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Enter Aadhaar, Name and DOB
as per Aadhaar.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">f)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Click Save/Submit<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">g)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Click Yes - Tick the box of
consent permission<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">h)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Inform your employer to
update your changes made<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo3; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">i)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Inform your employer of your
updation request.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 5.0pt; mso-bidi-font-size: 12.0pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">*Note:
Along with DoB, name and gender can also be updated in this page as per Aadhaar
details.</span></i></b></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;">
</span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-39452181260501557102022-09-13T18:43:00.002+05:302022-09-13T18:43:40.391+05:30Draft Resolution - Consent for private placement of redeemable nonconvertible debentures<h2 style="text-align: center;"><span style="font-size: large;"><b>Draft Resolution </b> </span></h2><h2 style="text-align: center;"><span style="font-size: large;"><b><span lang="EN-US" style="font-family: "Book Antiqua", serif; line-height: 115%;">Consent
for private placement of redeemable nonconvertible debentures<br /></span></b></span></h2><p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;">To
consider, and if thought fit, to pass, with or without modification(s), the
following resolution as a Special Resolution:</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"></p><div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEj9udjwqVDCT72pB10Wx3YqpujyYeOozLVN78yqC5l2MN2DpT2D6wXxIe9yn9YUZJ7kQHyfKfjGvwyDhAdlTpu4Iqb1b-xqomUg9GJxvfw9WL9R4MSI0ihjz5mat8Oh0J5DF0bJ3fFk7GnOzhyUlA5G4WWi2lf3FRmDwdHn1iA-fX7C3RZzOvE4Jah-Ow" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="225" data-original-width="225" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEj9udjwqVDCT72pB10Wx3YqpujyYeOozLVN78yqC5l2MN2DpT2D6wXxIe9yn9YUZJ7kQHyfKfjGvwyDhAdlTpu4Iqb1b-xqomUg9GJxvfw9WL9R4MSI0ihjz5mat8Oh0J5DF0bJ3fFk7GnOzhyUlA5G4WWi2lf3FRmDwdHn1iA-fX7C3RZzOvE4Jah-Ow" width="240" /></a></div><b><span lang="EN-US" style="font-family: "Book Antiqua",serif;">“RESOLVED
THAT</span></b><span lang="EN-US" style="font-family: "Book Antiqua",serif;">
pursuant to the provisions of Sections 23, 42, 71 and all other applicable
provisions, if any, of the Companies Act, 2013, read with the rules made
thereunder (including any statutory modification(s) or re-enactment thereof,
for the time being in force), and subject to applicable Regulations, Rules and
Guidelines prescribed by the Securities and Exchange Board of India, the
provisions of the Foreign Exchange Management Act, 1999 and the notifications
and regulations made thereunder and subject to the provisions of the Articles
of Association of the Company, the consent of the members be and is hereby
accorded to the Board of Directors of the Company, for making offer(s) or
invitations to subscribe to secured / unsecured redeemable non-convertible debentures,
in one or more tranches, aggregating up to Rupees …………………. during the period of
one year from the date of this Annual General Meeting, on private placement
basis, from such persons and on such terms and conditions as the Board of
Directors of the Company may, from time to time, determine and consider proper
and most beneficial to the Company including as to when the said debentures be
issued, the face value of the Debentures to be issued, the consideration for
the issue, coupon rate, redemption period, utilisation of the issue proceeds
and all matters connected with or incidental thereto <o:p></o:p></span><p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><b><span lang="EN-US" style="font-family: "Book Antiqua",serif;">RESOLVED
FURTHER THAT</span></b><span lang="EN-US" style="font-family: "Book Antiqua", serif;">
the Board be and is hereby authorised to do all such acts, deeds and things and
to take all such steps as may be necessary for the purpose of giving effect to
this resolution.</span><b><span lang="EN-US" style="font-family: "Book Antiqua", serif; font-size: 16pt;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><b><span lang="EN-US" style="font-family: "Book Antiqua",serif;">RESOLVED
FURTHER THAT</span></b><span lang="EN-US" style="font-family: "Book Antiqua",serif;">
the Board be and is hereby authorised to delegate all or any of the powers
herein conferred to any Committee of Directors or any one or more Directors of
the Company.”</span><b><span lang="EN-US" style="color: black; font-family: "Book Antiqua",serif; font-size: 16.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text1;"><o:p></o:p></span></b></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><br /></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><b>By Order of the Board of Directors </b></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><b>For .............................. Limited</b></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><b><br /></b></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><b>-------------------------</b></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Book Antiqua",serif;"><b>------------------------</b></span></p><p></p><p class="MsoNormal" style="margin-right: 0.2pt; text-align: justify;"><b><u><span style="font-family: "Times New Roman", serif; font-size: 12pt;">Disclaimer:</span></u></b><b><span style="font-family: "Times New Roman", serif; font-size: 12pt;"><span> <span> </span></span></span></b><i><span style="font-family: "Times New Roman", serif; font-size: 12pt;">Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.</span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-92029952757336939182022-09-07T00:14:00.007+05:302022-09-07T00:14:46.410+05:30GST: Annual Aggregate Turnover (AATO) & Key Features<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-size: x-large;"><b><u><span lang="EN-US" style="color: #c00000; font-family: "Times New Roman", serif;">GST: Annual Aggregate Turnover (AATO) &
Key Features</span></u></b><b style="text-align: right;"><i><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;"><o:p><span style="text-decoration-line: none;"> </span></o:p></span></u></i></b></span></p><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhRNPlvQkw_EOFMpAdgonr5QMLj3PIEtx-jf0-UENRn5jwcrDkjta22L2eiiNQQCBJu5DLZoZXhNaS48hHrtdmEPEjhJDdEcUfhg1nZmPDLpb-CvzV6cHhdcA8_8BuzRn_s5ymSXljqpife6ar45Nd33tPxL4lbASrpGbC6iqLV3xxuAt5aHfT3Q7ZoQA" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="165" data-original-width="306" height="248" src="https://blogger.googleusercontent.com/img/a/AVvXsEhRNPlvQkw_EOFMpAdgonr5QMLj3PIEtx-jf0-UENRn5jwcrDkjta22L2eiiNQQCBJu5DLZoZXhNaS48hHrtdmEPEjhJDdEcUfhg1nZmPDLpb-CvzV6cHhdcA8_8BuzRn_s5ymSXljqpife6ar45Nd33tPxL4lbASrpGbC6iqLV3xxuAt5aHfT3Q7ZoQA=w400-h248" width="400" /></a></div>The Goods and Service Tax
Network (GSTN) vide a notification dated 02<sup>nd</sup> May, 2022 has enabled
the functionality of Annual Aggregate Turnover (AATO) for the FY 2021-22 on
taxpayers' dashboards.</span><p></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-bidi-font-size: 11.0pt;">Turnover,
in common parlance, is the total volume of a business. The term ‘aggregate
turnover’ has been defined in GST law as under:</span></p><p></p>
<p class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-bidi-font-size: 11.0pt;">“aggregate turnover” means the aggregate
value of all taxable supplies (excluding the value of inward supplies on which
tax is payable by a person on reverse charge basis), exempt supplies, exports
of goods or services or both and inter-State supplies of persons having the
same Permanent Account Number, to be computed on all India basis but excludes
central tax, State tax, Union territory tax, integrated tax and cess.</span></i></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; mso-bidi-font-size: 11.0pt;">The
aggregate turnover is a crucial parameter for deciding the eligibility of a
supplier to avail the benefit of exemption threshold limit as amended from time
to time and for determining the threshold limit for composition levy. The
aggregate turnover is different from turnover in a State.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt;">The functionality of AATO for the FY 2021-22 has now been made
live on taxpayers’ dashboards with the following features:</span></b></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: 115%; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%;">The taxpayers can view the
exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY).<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 115%; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%;">The taxpayers can also view
the Aggregate Turnover of the current FY based on the returns filed till date.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 115%; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%;">The taxpayers have also been
provided with the facility of turnover updation in case taxpayers feel that the
system calculated turnover displayed on their dashboard varies from the
turnover as per their records.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 115%; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%;">This facility of turnover
update shall be provided to all the GSTINs registered on a common PAN. All the
changes by any of the GSTINs in their turnover shall be summed up for
computation of Annual Aggregate Turnover for each of the GSTINs.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 115%; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 115%;">The taxpayer can amend the
turnover twice within the month of May, 2022. Thereafter, the figures will be
sent for review of the Jurisdictional Tax Officer who can amend the values
furnished by the taxpayer wherever required.</span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18pt;"><!--[if !supportLists]--><span class="MsoHyperlink"><span style="font-family: Symbol; font-size: 12pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; text-decoration: none; text-underline: none;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%;">Click here to know the
source: </span></i></b><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%;">GSTN update 537</span></i></b></span></p>
<p class="MsoNormal" style="margin-right: 0.2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 12pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;">Every effort has been made to avoid errors or
omissions in this material. In spite of this, errors may creep in. Any mistake,
error or discrepancy noted may be brought to our notice which shall be taken
care of in the next edition. In no event the author shall be liable for any
direct, indirect, special or incidental damage resulting from or arising out of
or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-18232074108586532422022-09-07T00:06:00.004+05:302022-09-07T00:06:22.190+05:30RBI Clarification on new MSME definition<h2 style="text-align: center;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;"><span style="font-size: x-large;">RBI Clarification on new MSME definition</span></span></u></b></h2>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"></span></b></p><div class="separator" style="clear: both; text-align: center;"><b style="mso-bidi-font-weight: normal;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgLebhamZ0X5GA5WISPJr8Q3tpAPbEZpwtsiFI3BPJPLQPU7xh9AJb-nUTtLSH0TsRgeQj74BEIZESI3oBkl_ZwqyC2QZH_ZrpbUDWwccRmtt5Z24tNLsZ-I0oUogFYyX_iWRGcVTWmhI_VZHbmyyS5nZzSCtrKsUeR2N_Ez4f6h5aQT8U7we6izXGDIA" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="337" data-original-width="600" height="180" src="https://blogger.googleusercontent.com/img/a/AVvXsEgLebhamZ0X5GA5WISPJr8Q3tpAPbEZpwtsiFI3BPJPLQPU7xh9AJb-nUTtLSH0TsRgeQj74BEIZESI3oBkl_ZwqyC2QZH_ZrpbUDWwccRmtt5Z24tNLsZ-I0oUogFYyX_iWRGcVTWmhI_VZHbmyyS5nZzSCtrKsUeR2N_Ez4f6h5aQT8U7we6izXGDIA" width="320" /></a></b></div><b style="mso-bidi-font-weight: normal;"><br />Reserve Bank of India (RBI)</b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"> vide Circular No. RBI/2022-23/52
FIDD. MSME & NFS.BC.No.7/06.02.31/2022-23 dated 19<sup>th</sup> May, 2022
has issued notification related to <b style="mso-bidi-font-weight: normal;">“New
Definition of Micro, Small and Medium Enterprises - Clarification”.</b></span><p></p>
<p align="center" class="MsoNormal" style="background: white; margin-right: 16.6pt; text-align: center; vertical-align: bottom;"><b><u><span style="border: none windowtext 1.0pt; color: red; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; padding: 0cm;">New Definitions – Enterprises-<span style="mso-spacerun: yes;"> </span><i>(effective from 01.07.2020):</i></span></u></b><b><i><u><span style="border: none windowtext 1.0pt; color: #171717; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-border-alt: none windowtext 0cm; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; padding: 0cm;"><br style="mso-special-character: line-break;" />
<!--[endif]--></span></u></i></b><span style="color: #171717; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></p>
<div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjCF1-xbTstfcsOwTi6tC-DdLSjdw8i3-BFF0mOniY45sWxcOaXuJUCT3z3xWFS6dl1IsSwX2xZQ_ERfQAhxeeC0yIZJ-J1nLu5d5dPlV6PJ8chgaA9HaFlOwL0gLvru68y0hmBS8PS5ncqD_AHdu3mbc-Ps8kBlALYUQmDd0X2AjQZPZ4jO_DGwN0iUA" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="271" data-original-width="624" height="295" src="https://blogger.googleusercontent.com/img/a/AVvXsEjCF1-xbTstfcsOwTi6tC-DdLSjdw8i3-BFF0mOniY45sWxcOaXuJUCT3z3xWFS6dl1IsSwX2xZQ_ERfQAhxeeC0yIZJ-J1nLu5d5dPlV6PJ8chgaA9HaFlOwL0gLvru68y0hmBS8PS5ncqD_AHdu3mbc-Ps8kBlALYUQmDd0X2AjQZPZ4jO_DGwN0iUA=w584-h295" width="584" /></a></div><br /><b><u><span style="font-size: 11pt;">Previous
Circulars:</span></u></b></div>
<p style="text-align: justify;"><span class="MsoHyperlink"><span style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><a href="https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11934&Mode=0" target="_blank">circulars FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated
July 2, 2020</a></span></span><span style="color: black; font-size: 11.0pt; mso-bidi-font-size: 10.0pt;">, </span><span class="MsoHyperlink"><span style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><a href="https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11951&Mode=0" target="_blank">FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated August 21,
2020</a></span></span><span style="color: black; font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"> and </span><span class="MsoHyperlink"><span style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><a href="https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12233&Mode=0" target="_blank">FIDD.MSME & NFS.BC.No.16/06.02.31/2021-22 dated February
18, 2022</a></span></span><span style="color: black; font-size: 11.0pt; mso-bidi-font-size: 10.0pt;">, regarding revised criteria for classification of Micro,
Small and </span><span style="color: black; font-family: "Arial",sans-serif; font-size: 10.0pt;">Medium Enterprises.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">RBI clarifications:</span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">It has been clarified by the RBI that:</span></b></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">the existing Entrepreneurs
Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAM) of the MSMEs
obtained till June 30, 2020 shall remain valid till June 30, 2022 for
classification as MSMEs; and</span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">the validity of documents
obtained in terms of O.M. No.12(4)/ 2017-SME dated March 8, 2017 (RBI Circular
FIDD.MSME & NFS.BC.No.10/06.02.31/2017-18 dated July 13, 2017 – </span><span class="MsoHyperlink"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><a href="https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11050&Mode=0">Click
Here</a></span></span><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">), for classification of
MSMEs upto June 30, 2020, has been extended upto June 30, 2022.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Source: </span></b><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;"><a href="https://www.sebi.gov.in/legal/circulars/jun-2022/investor-redressal-grievance-mechanism_59521.html">Click
Here</a></span></b></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-29943762812306451642022-09-06T23:57:00.004+05:302022-09-06T23:57:47.538+05:30Appointment of Cost Auditor - Quick Process<h1 style="text-align: center;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;"><span style="font-size: x-large;">Appointment of Cost Auditor - Quick
Process</span></span></u></b></h1>
<p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh1mxsfmV8BO5cyK8_UoyQE5DLHIB3TU9M6U5pFUpjBje5rL7k0xtAD190kA0jOVXSd5t5FJdilF_M73_3tJGBIXnHLfrR8NyzQiwJM2dpGYUWmyRrBp_Ns2n8fVvAX2ut_dnpN_finKEYT1z6kyOk5Pp13Ql1Zts9vD_q8jWetjhO4HesW0I8X_q4OHw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="212" data-original-width="238" height="222" src="https://blogger.googleusercontent.com/img/a/AVvXsEh1mxsfmV8BO5cyK8_UoyQE5DLHIB3TU9M6U5pFUpjBje5rL7k0xtAD190kA0jOVXSd5t5FJdilF_M73_3tJGBIXnHLfrR8NyzQiwJM2dpGYUWmyRrBp_Ns2n8fVvAX2ut_dnpN_finKEYT1z6kyOk5Pp13Ql1Zts9vD_q8jWetjhO4HesW0I8X_q4OHw=w262-h222" width="262" /></a></div><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><br />Cost audit applicability
provisions are contained under rule 4 of the Companies (Cost Records and Audit)
Rules, 2014. Section 148 of the Companies Act, 2013 contains provisions
relating to the cost records and cost audit applicability under the Companies Act.
The primary goal of cost audit is to ensure that the cost relating to
production and sales encompass only those factors which are imperative and that
those factors are utilized most effectively.</span><p></p>
<p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Define Cost accountant:</span></b></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Cost Accountant means a cost
accountant as defined in Section 2 (1) (b) of the Cost and Works Accountants
Act, 1959 and who holds a valid certificate of practice under Section 6 (1) of
the Act. The auditor conducting the cost audit shall comply with the cost
auditing standards</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">To conduct the cost audit,
the person should be a member of the Institute of Cost Accountants of India,
constituted under the Cost and Works Accountants Act, 1959 and shall hold a
valid membership and certificate of practice.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Kindly note:</span></b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"> Statutory Auditor appointed
under Section 139 of the Companies Act 2013, can’t be appointed as Cost Auditor
of the Company.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Appointment Process:</span></b></p>
<p class="MsoNormal"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">A. In the case
of companies having an Audit Committee:</span></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The Audit Committee shall recommend the Board,
whether an individual who is cost accountant or a firm of cost accountants in
practice, to be appointed as the cost auditor in the company.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The Audit Committee shall also recommend to
the Board the remuneration payable to such cost auditor.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The Board shall consider and approve the
recommendation of the Audit Committee regarding appointment and remuneration of
the cost auditor. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The remuneration payable to the cost auditor
shall be later ratified by the members. <o:p></o:p></span></p>
<p class="MsoNormal"><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">B. In the case
of companies not having Audit Committee:</span></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The Board shall appoint an individual who is
cost accountant or a firm of cost accountants in practice, as cost auditor of
the company. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The remuneration payable to the cost auditor
shall be ratified by the shareholders subsequently.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Appointment process in brief:</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Prepare notice
of board meeting along with draft resolution(s). <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Send engagement
letter or consent letter from the proposed Cost Auditor. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Obtain consent
letter from Cost Auditor.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Sending of
Notice along with Agenda of Board meeting to all the Directors of company w.r.t.
ratification of appointment of cost auditor by shareholder of company. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Convene board
meeting and pass the necessary Resolution. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">6)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Sending of
Outcome of Board Meeting to Stock exchange – if Company is Listed <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">7)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Send Appointment
letter Cost Auditor. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">8)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">File e-Form
returns along with attachments with the Registrar of Companies regarding
appointment of Cost Auditor within stipulated timeline. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">9)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Convene General
Meeting and passing of necessary resolutions. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">10)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Intimation to
stock exchange – if Company is listed. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">11)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">File necessary
E-forms with the MCA / ROC<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l1 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">12)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Record in
register, minute books, etc of company<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 3.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">ROC Filing
Requirements:</span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">As per the provision of Rule
6(2) of the Companies (Cost Records and Audit) Rules, 2014:</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Every company required to
appoint cost auditor shall inform the Cost auditor of his appointment:</span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">within a period of 30 days from the date of
the Board Meeting at which the appointment was approved by the Board<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">OR<o:p></o:p></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Within 180 days from the commencement of the
financial year, <b><u>whichever is earlier</u></b>.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">and file e-Form CRA-2 with
the Central Government along with such fees as may be applicable.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Some more key points to be remember:</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Limit of
number of Cost audit per person, as are applicable to Statutory Auditors are
applicable to Cost Auditors.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">The
qualification, disqualification, rights, duties and obligations of Cost
Auditor/firm of Cost Auditor are same as applicable to Statutory Auditors.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">A Cost auditor
has to be appointed within one 180 days from the starting of Financial Year by
every company on whom these provisions are applicable.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Any casual
vacancy caused due to resignation or death or removal shall be filled in by the
Board within a period of 30 days from the occurrence of such vacancy and
appoint another cost auditor. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l4 level1 lfo4; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Within 30 days
from the receipt’s date of a copy of the audit report, every company falling
under said rules shall facilitate the authority with such report in form CRA 4
form in prescribed format and fees.</span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;">
</span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information.</span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-61122994734877118062022-09-06T23:53:00.000+05:302022-09-06T23:53:01.083+05:30e-SHRAM Portal – An Overview<h1 style="text-align: center;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;"><span style="font-size: x-large;">e-SHRAM Portal – An Overview</span></span></u></b></h1>
<p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi1KTSv6WrVJJm5Fqq802cf3KVEDsmg0ed5lMgpapOhGUG70LkFIy3NV58W_hvSolN4LZTYbozbdAdpc7NLjBdrZ4x5iMS2fxDLtjfOkezdhY7ryDUvgC8_0LKtrtGLiU5suP4adpIyE-SR0ibZDC4c41Tso-JjMq6S9vUXXo0trubjPt_q2zB9jNKdCQ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="168" data-original-width="300" height="224" src="https://blogger.googleusercontent.com/img/a/AVvXsEi1KTSv6WrVJJm5Fqq802cf3KVEDsmg0ed5lMgpapOhGUG70LkFIy3NV58W_hvSolN4LZTYbozbdAdpc7NLjBdrZ4x5iMS2fxDLtjfOkezdhY7ryDUvgC8_0LKtrtGLiU5suP4adpIyE-SR0ibZDC4c41Tso-JjMq6S9vUXXo0trubjPt_q2zB9jNKdCQ=w400-h224" width="400" /></a></div><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"><br />Shri Bhupender Yadav,
Hon’ble Minister (L&E), The Ministry of Labour & Employment, has
launched eSHRAM portal on 26th August 2021. Ministry is continuously working on
improving life and dignity of Labour force of country by protecting &
safeguarding the interest of workers, promotion of welfare and providing social
security to the Labour force both in Organized and Unorganized Sectors.</span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> </span><p></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Features of e-SHRAM Portal:</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">Creation of a
National Database of Unorganized Workers (NDUW), which will be seeded with
Aadhaar. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">It will have
details of name, occupation, address, occupation type, educational
qualification, skill types and family details etc. for optimum realization of
their employability <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">It will extend
the benefits of the social security schemes to Labours. <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-left: 21.3pt; mso-add-space: auto; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">d)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">It is the
first-ever national database of unorganised workers including migrant workers,
construction workers, gig and platform workers, etc.</span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US;">Who can register at e-shram Portal:<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Any worker who is working in
unorganized sector and aged between 16-59, is eligible to register on the
eSHRAM portal e.g. migrant workers, gig workers, platform workers, agricultural
workers, MGNREGA workers, Domestic workers and other workers engaged in similar
other occupations in the unorganised sector.</span></p>
<p class="MsoListParagraphCxSpFirst" style="margin-right: .2pt; mso-add-space: auto; mso-list: l0 level1 lfo2; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Information
required for Registration at E-shram Portal:</span></u></b></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l5 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Aadhaar Number, <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l5 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Aadhaar-linked mobile number
and <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l5 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">bank account number <o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l5 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Age 16 – 59 years old<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><o:p> </o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">e-Shram
registration process</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="margin-right: .2pt; mso-add-space: auto; mso-list: l2 level1 lfo4; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Step 1:<span style="mso-spacerun: yes;"> </span>Login to the official website at </span><span class="MsoHyperlink"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><a href="http://www.eshram.gov.in/">Click Here</a></span></span></p><p class="MsoListParagraphCxSpFirst" style="margin-right: .2pt; mso-add-space: auto; mso-list: l2 level1 lfo4; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">2.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">Step 2: Click on the
'Register on e-SHRAM' link which is present on the home page</span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-right: .2pt; mso-add-space: auto; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">3.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">Step 3: Enter the Aadhaar
linked mobile number and captcha code and click on send OTP</span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">4.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">Step 4: Follow the
subsequent instructions to complete the registration process</span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-bottom: 8.0pt; margin-left: 72.0pt; margin-right: .2pt; margin-top: 0cm; mso-add-space: auto; mso-list: l6 level1 lfo6; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Enter the OTP, the
registration form for e-Shram will open<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="margin-bottom: 8.0pt; margin-left: 72.0pt; margin-right: .2pt; margin-top: 0cm; mso-add-space: auto; mso-list: l6 level1 lfo6; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Enter personal, educational,
address details and bank details<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="margin-bottom: 8.0pt; margin-left: 72.0pt; margin-right: .2pt; margin-top: 0cm; mso-add-space: auto; mso-list: l6 level1 lfo6; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Choose an option Previews
Self-Declaration<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">You
can now obtain the UAN card, which can also be downloaded for future use,
following the preview.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Kindly Note that:</span></u></b><b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"> </span></b></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></b><i style="text-indent: -18pt;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">a)<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span></i><i style="text-indent: -18pt;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">It can be noted that if a worker does not have Aadhaar linked
mobile number, he/ she can visit nearest CSC’s and register through Biometric
authentication.</span></i><b style="text-indent: -18pt;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p><span style="text-decoration-line: none;"> </span></o:p></span></u></b></p>
<p class="MsoListParagraph" style="margin-right: .2pt; mso-add-space: auto; mso-list: l4 level1 lfo7; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b)<span style="font: 7.0pt "Times New Roman";">
</span></span></span></i><!--[endif]--><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Any worker who is unorganized and aged between 16-59, is
eligible to register on the e-Shram portal.</span></i></p>
<p class="MsoListParagraph" style="margin-right: .2pt; mso-add-space: auto; mso-list: l1 level1 lfo5; tab-stops: 460.7pt; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">q<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">What is E
Shram Card?<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">An
eShram Card will be issued to workers who successfully register for the e-Shram
Portal. On that card, there will be a 12-digit UAN number. Self-registered
workers who use the e-Shram portal do not need to apply individually for any
other government social welfare program.</span></p><p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">Registered
members will be eligible for a variety of benefits after signing up for the
Shramik Yojana and receiving an e-Shram card. Aside from that, workers will
benefit from the government's adoption of social security programs.</span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> </span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;"><span style="mso-spacerun: yes;">
</span></span></b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be liable
for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com2tag:blogger.com,1999:blog-665407968280560401.post-62553704432094495802022-09-03T07:09:00.002+05:302022-09-03T07:09:21.081+05:30 TAX COMPLIANCE TRACKER – SEPTEMBER, 2022<p> <b style="text-align: center;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 18.0pt; mso-bidi-font-size: 12.0pt; text-transform: uppercase;">Tax Compliance Tracker – September,
2022</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span style="color: #c00000; font-family: "Times New Roman",serif; font-size: 16.0pt; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; text-transform: uppercase;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><u><span style="color: #c00000; font-family: "Times New Roman",serif; font-size: 16.0pt; mso-bidi-font-size: 12.0pt; text-transform: uppercase;">Compliance requirement under Income Tax act, 1961</span></u></b></p><p class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto;"></p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhzaPjHtwbcYfrwEqQLJ1Z1WTEtPRKrno81EF2mjSvux300qVtEeIyYxwU3SeP45YP6PmxsBYG6pKcebRS8G40RsR8YlR0I2WVWJl9rMYrArl8KUpS7yxULBeRT8DQApff2A7X4gngnopgbNe20WQNVFGQER3A_Y12nXdviNJnnJcMzymY3DaZHujLhjA" style="clear: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img alt="" data-original-height="391" data-original-width="633" height="395" src="https://blogger.googleusercontent.com/img/a/AVvXsEhzaPjHtwbcYfrwEqQLJ1Z1WTEtPRKrno81EF2mjSvux300qVtEeIyYxwU3SeP45YP6PmxsBYG6pKcebRS8G40RsR8YlR0I2WVWJl9rMYrArl8KUpS7yxULBeRT8DQApff2A7X4gngnopgbNe20WQNVFGQER3A_Y12nXdviNJnnJcMzymY3DaZHujLhjA=w591-h395" width="591" /></a></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p class="MsoNormal" style="line-height: normal; margin: 0cm -2.3pt 0.0001pt 0cm;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEghllDONAxSb_hE5gdfPYAbbdOMtNLtufyuXaY1URIQviA-_LoFQnnpiWt2lGxon-o_9YbTagAwpgdJCZBntVW4b1UmZ6JaB5OrykdJwwpmQ5W1HSHYvbq5lT7EZiBtC87yfxjBsU6XAVIdeb9zKcUi8Cknl35GbxBXWaHBloulO9N5xnb5CkCfzKY1Sw" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="163" data-original-width="310" height="105" src="https://blogger.googleusercontent.com/img/a/AVvXsEghllDONAxSb_hE5gdfPYAbbdOMtNLtufyuXaY1URIQviA-_LoFQnnpiWt2lGxon-o_9YbTagAwpgdJCZBntVW4b1UmZ6JaB5OrykdJwwpmQ5W1HSHYvbq5lT7EZiBtC87yfxjBsU6XAVIdeb9zKcUi8Cknl35GbxBXWaHBloulO9N5xnb5CkCfzKY1Sw=w200-h105" width="200" /></a></div><b><u><span style="color: #c00000; font-family: "Times New Roman",serif; font-size: 16.0pt; mso-bidi-font-size: 12.0pt; text-transform: uppercase;">2. Compliance Requirement under GST, 2017<o:p></o:p></span></u></b><p></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 36.0pt; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto;"><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; text-transform: uppercase;"> </span></u></b></p>
<p class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm -2.3pt 0.0001pt 0cm;"><b><i><u><span style="color: #7030a0; font-family: "Times New Roman",serif; font-size: 16.0pt; mso-bidi-font-size: 18.0pt;">A.
Filing of GSTR –3B / GSTR 3B QRMP<br /><o:p></o:p></span></u></i></b></p>
<p class="MsoNormal" style="line-height: normal; margin: 0cm -2.3pt 0.0001pt 0cm;"><br /></p></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEj5wQ3dONbn_uXqhEQg-vOX42mh8YDU2jXByxvPlcZyl1CSkhgT56KkcbRkvUUJyL5EGkZpWOwLIIBMduWJLnGaDEb737SUdV71x9djr6RSV5x-G-RK5sLGKY4ZbreDUf9XHZ5g3DmE2yq84hiFXLnT0f70l_o5fd0Kr08XVuNNibX7o9y-TPjt0_hRrg" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="" data-original-height="467" data-original-width="619" height="473" src="https://blogger.googleusercontent.com/img/a/AVvXsEj5wQ3dONbn_uXqhEQg-vOX42mh8YDU2jXByxvPlcZyl1CSkhgT56KkcbRkvUUJyL5EGkZpWOwLIIBMduWJLnGaDEb737SUdV71x9djr6RSV5x-G-RK5sLGKY4ZbreDUf9XHZ5g3DmE2yq84hiFXLnT0f70l_o5fd0Kr08XVuNNibX7o9y-TPjt0_hRrg=w575-h473" width="575" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjzJ4nKQ0cyCxqvtJoF2-U2xXRnODUsnJfZQpUsjFT9rpX9yvCvxmNGn2lABMw5gRL3aVnXorJjfk5FDrkWS8umolkhkT_UVkAq6OAZ4QVPNZaKrbYwmtQcvVo_gpN58mwXCoLP-3_GwV_VR3jjjLyGRPGDuiPPbwwbyvuO8URqEtm2YMJy7VX_sD9lDA" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="372" data-original-width="617" height="444" src="https://blogger.googleusercontent.com/img/a/AVvXsEjzJ4nKQ0cyCxqvtJoF2-U2xXRnODUsnJfZQpUsjFT9rpX9yvCvxmNGn2lABMw5gRL3aVnXorJjfk5FDrkWS8umolkhkT_UVkAq6OAZ4QVPNZaKrbYwmtQcvVo_gpN58mwXCoLP-3_GwV_VR3jjjLyGRPGDuiPPbwwbyvuO8URqEtm2YMJy7VX_sD9lDA=w640-h444" width="640" /></a></div><br /></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjYyl7mrxh84Y4m0Qo4TUVkcp65NeGt1imWVP0mZanIoZv1qqBHdIYb2sOraX_6Txcq38lQNp8OHPQ4uC6DQrLh6S3cDmCjZQp7F2N30fjRxetDHRCyXLd4w8fPgA333gfOv70R37xlTqn_tRvuqm57vLmIiagDmyvxf5N666503TNLuN4WC4LSuUMhRA" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="356" data-original-width="679" height="363" src="https://blogger.googleusercontent.com/img/a/AVvXsEjYyl7mrxh84Y4m0Qo4TUVkcp65NeGt1imWVP0mZanIoZv1qqBHdIYb2sOraX_6Txcq38lQNp8OHPQ4uC6DQrLh6S3cDmCjZQp7F2N30fjRxetDHRCyXLd4w8fPgA333gfOv70R37xlTqn_tRvuqm57vLmIiagDmyvxf5N666503TNLuN4WC4LSuUMhRA=w640-h363" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi0CffvI6RShcWktI4j1id5Rey2N8mN87_g20war_4h0oxujLVDNla9Wa41wQPpOUvTTX0THBDaUFVc8Pw4H2HWgj1KaaUm9ichQHUg129ZvvY8OnwY4lSGQtzeJxU-JiXo5eBmB2NF0UeRi9-d71qI5f9dxyBjDdfcn_oWaQXMJwJ_3H5Dqow5bcfKgQ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="301" data-original-width="679" height="319" src="https://blogger.googleusercontent.com/img/a/AVvXsEi0CffvI6RShcWktI4j1id5Rey2N8mN87_g20war_4h0oxujLVDNla9Wa41wQPpOUvTTX0THBDaUFVc8Pw4H2HWgj1KaaUm9ichQHUg129ZvvY8OnwY4lSGQtzeJxU-JiXo5eBmB2NF0UeRi9-d71qI5f9dxyBjDdfcn_oWaQXMJwJ_3H5Dqow5bcfKgQ=w640-h319" width="640" /></a></div><br /><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhXIff787Mm0nSdSmV-zIlg9lhshFz945LRlUqIeYaRY29t9lOkHUZoykNAaasjU_zpqoScQ56R-uXIPOgKA2jLgDS1XQJMrhvBJEGQIEElMRPs33fq9pI9L5P6-1wzWTanhrWnb7vZl1U_mOdmC7ZYAeGBGYUpDUAYaGzXv_vGOy4p14y5VpYHeincJQ" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="" data-original-height="378" data-original-width="620" height="390" src="https://blogger.googleusercontent.com/img/a/AVvXsEhXIff787Mm0nSdSmV-zIlg9lhshFz945LRlUqIeYaRY29t9lOkHUZoykNAaasjU_zpqoScQ56R-uXIPOgKA2jLgDS1XQJMrhvBJEGQIEElMRPs33fq9pI9L5P6-1wzWTanhrWnb7vZl1U_mOdmC7ZYAeGBGYUpDUAYaGzXv_vGOy4p14y5VpYHeincJQ=w640-h390" width="640" /></a></div><div class="separator" style="clear: both; text-align: justify;"><br /><p class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto;"><b><i><span style="color: #002060; font-family: "Bookman Old Style",serif; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt;">In case of any
query/suggestion, please connect </span></i></b><span class="MsoHyperlink"><b><i><span style="font-family: "Bookman Old Style",serif; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt;"><a href="mailto:cslalitrajput@gmail.com">cslalitrajput@gmail.com</a></span></i></b></span><b><i><span style="color: #002060; font-family: "Bookman Old Style",serif; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 12.0pt;"> <o:p></o:p></span></i></b></p>
<p class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto;"><b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 12.0pt;"><br /></span></b></p><p class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -2.3pt; margin-top: 0cm; mso-add-space: auto;"><b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 12.0pt;">Disclaimer: </span></b><i><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%;">Every effort has been
made to avoid errors or omissions in this material. In spite of this, errors
may creep in. Any mistake, error or discrepancy noted may be brought to our
notice which shall be taken care of in the next edition. In no event the author
shall be liable for any direct, indirect, special or incidental damage
resulting from or arising out of or in connection with the use of this
information.</span></i></p></div><p></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-63857999689272872292022-09-02T07:07:00.002+05:302022-09-02T07:07:22.512+05:30MCA UPDATE ON V3 – PART 1<p align="center" class="MsoNormal" style="margin-right: 19pt; text-align: center;"><b><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 18pt; mso-bidi-font-size: 20.0pt; text-transform: uppercase;">MCA update on V3 – PArt 1</span></u></b><b><i><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 18pt; mso-bidi-font-size: 20.0pt;"><o:p></o:p></span></u></i></b></p>
<p class="MsoNormal" style="margin-right: 19pt;"><b style="text-align: justify;"><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">About MCA Version V3:</span></u></b></p>
<p class="MsoNormal" style="margin-right: 19pt; text-align: justify;"></p><div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEidvFQ3vORqmRBqn6Yo6xnJz3S6TcGVyAj-dsxFkZmkmu_EAdHwHVUR7FFzWsOd1MWkZBg0bOX4sW5xNVmnbI8y3R7dH0m4joBJhD_qCuUQRKWf9o9M_TvGUIJqQkt93WdTWxEYIsP-Nc4vGFlfRDgPFxbC9PhH7yR9vr-37HwfF4s6GtAYGxEBB0p_8A" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="110" data-original-width="252" height="140" src="https://blogger.googleusercontent.com/img/a/AVvXsEidvFQ3vORqmRBqn6Yo6xnJz3S6TcGVyAj-dsxFkZmkmu_EAdHwHVUR7FFzWsOd1MWkZBg0bOX4sW5xNVmnbI8y3R7dH0m4joBJhD_qCuUQRKWf9o9M_TvGUIJqQkt93WdTWxEYIsP-Nc4vGFlfRDgPFxbC9PhH7yR9vr-37HwfF4s6GtAYGxEBB0p_8A" width="320" /></a></div><span style="font-family: "Times New Roman", serif; font-size: 12pt;"><br />MCA21 V3 Project
is a technology-driven forward looking project, envisioned to strengthen
enforcement, promote Ease of Doing Business, enhance user experience, facilitate,
seamless integration and data exchange among Regulators. The project will have
Micro-services architecture with high scalability and capabilities for advanced
analytics.</span><p></p><p class="MsoNormal" style="margin-right: 19pt; text-align: justify;"><span style="font-family: "Times New Roman", serif; font-size: 12pt;"><span style="font-size: 12pt;">MCA21 version-3.0,
envisioned to strengthen enforcement, promote Ease of Doing Business and rollout
has been planned in phases to ensure minimum disruption in regulatory filings.</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><b><u><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Key Updates:</span></u></b><span style="font-family: "Times New Roman", serif; font-size: 12pt;"> </span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">09 company forms (CHG-1, CHG-4, CHG-6,
CHG-8, CHG-9, DIR-3 KYC, DIR-3 KYC WEB, DPT-3 and DPT-4) are scheduled to
go-live on 01.09.2022 (00:00 hrs).</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Remaining company forms and other modules
like e-Adjudication, Compliance Management System are scheduled to be fully
deployed within this Calendar Year.</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Stakeholders please note that 9 Company
forms (DIR3-KYC, DIR3-KYC eform, CHG-1,4,6,8,9, DPT-3,4) are available in V3
portal for filing purposes.<span style="mso-spacerun: yes;"> </span></span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">MCA already released FAQ on V3 Company
Forms (Director KYC, Charge, Deposit).</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">However, MCA21 V-2 Portal for company
filings will remain available.</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">Phase-1 of rollout was completed on 24th
May 2021 with launch of e.Book, e. Consultation Modules and a revamped website.</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">As part of Phase-2, LLP Module for
supporting all LLP filings was launched on 08th March 2022.</span></p>
<p class="MsoListParagraph" style="margin-left: 36pt; mso-list: l1 level1 lfo2; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; font-size: 12pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12pt;">The 3<sup>rd</sup> version of the portal,
a key platform to submit the required documents and filings under the Companies
law and the Limited Liability Partnership Act, has leverage analytics,
artificial intelligence and machine learning.</span></p>
<p class="MsoListParagraphCxSpLast" style="line-height: 107%; margin-bottom: 8.0pt; margin-left: 36.0pt; margin-right: 0cm; margin-top: 0cm; margin: 0cm 0cm 8pt 36pt; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-pagination: widow-orphan; text-autospace: ideograph-numeric ideograph-other; text-indent: -18pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 107%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%;">Source / Link: Press Release</span></b></p>
<p class="MsoNormal" style="margin-right: 0.2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><b style="background-color: #fff9ee; color: #222222; font-family: Georgia, Utopia, "Palatino Linotype", Palatino, serif; font-size: 15.4px; text-align: left;"><i>Our YouTube Channel Launched: <img alt="💡" aria-label="💡" class="an1" data-emoji="💡" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4a1/32.png" style="background: rgb(255, 255, 255); border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; height: 1.2em; padding: 5px; vertical-align: middle; width: 1.2em;" />To subscribe Link here<img alt="💡" aria-label="💡" class="an1" data-emoji="💡" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4a1/32.png" style="background: rgb(255, 255, 255); border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; height: 1.2em; padding: 5px; vertical-align: middle; width: 1.2em;" /> <a data-saferedirecturl="https://www.google.com/url?q=https://youtube.com/channel/UCTw8uQLj1mbggxibpzj-f-w&source=gmail&ust=1662168455351000&usg=AOvVaw02aS1YCXp4DuILOjIYbRzl" href="https://youtube.com/channel/UCTw8uQLj1mbggxibpzj-f-w" style="color: #1155cc; text-decoration-line: none;" target="_blank">https://<span class="il">youtube</span>.com/channel/<wbr></wbr>UCTw8uQLj1mbggxibpzj-f-w</a><br /><img alt="👉🏻" aria-label="👉🏻" class="an1" data-emoji="👉🏻" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f449_1f3fb/32.png" style="background: rgb(255, 255, 255); border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; height: 1.2em; padding: 5px; vertical-align: middle; width: 1.2em;" /><img alt="📹" aria-label="📹" class="an1" data-emoji="📹" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4f9/32.png" style="background: rgb(255, 255, 255); border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; height: 1.2em; padding: 5px; vertical-align: middle; width: 1.2em;" />Videos will be available soon.</i></b></b></p><p class="MsoNormal" style="margin-right: 0.2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12pt;">Every effort has been made to avoid errors or omissions in this
material. In spite of this, errors may creep in. Any mistake, error or
discrepancy noted may be brought to our notice which shall be taken care of in
the next edition. In no event the author shall be liable for any direct,
indirect, special or incidental damage resulting from or arising out of or in
connection with the use of this information.</span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-55898415298191836192022-09-02T06:58:00.005+05:302022-09-02T06:58:40.554+05:30FSSAI Revises SOP for Mandatory Modification of Old Licenses<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; margin-left: 0cm; margin-right: -2.3pt; margin-top: 0cm; margin: 0cm -2.3pt 0cm 0cm; text-align: center;"></p><p class="MsoNormal" style="line-height: normal; margin: 0cm -2.3pt 0.0001pt 0cm; text-align: justify;"></p><p align="center" class="MsoNoSpacing" style="text-align: center;"><strong><u><span style="color: #002060; font-size: 14.0pt; mso-bidi-font-size: 11.5pt;">FSSAI Revises
SOP for Mandatory Modification of Old Licenses</span></u></strong></p>
<p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjn4sKRcuhcZeFCag6qVLdBwzZwi9B61nay8kPiwvtjgYAKxjrZkgaiWhYkS3uCGyNBrOu_AStLTDI3NPl7E5qJYO6t2Y6jGfz8GgzPmGxAnDyTa9mhwE-ET2REcytVUJQ0Aw2oxHbPjos5ZBZBOoDALy9d2iatdVUh6ppc1DzA5KMu9FqqCnpkbsBYXQ" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="90" data-original-width="216" height="133" src="https://blogger.googleusercontent.com/img/a/AVvXsEjn4sKRcuhcZeFCag6qVLdBwzZwi9B61nay8kPiwvtjgYAKxjrZkgaiWhYkS3uCGyNBrOu_AStLTDI3NPl7E5qJYO6t2Y6jGfz8GgzPmGxAnDyTa9mhwE-ET2REcytVUJQ0Aw2oxHbPjos5ZBZBOoDALy9d2iatdVUh6ppc1DzA5KMu9FqqCnpkbsBYXQ" width="320" /></a></div><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Food Safety and Standards Authority of India (FSSAI), vide notification
15(31) 2020/FoSCoS/ RCD/FSSAIpt9, dated 02<sup>nd</sup> May, 2022 has issued
and published notification and has further revises the Standard Operating
Procedures (SOPs) for Mandatory Modification of Old Licenses Granted from FLRS
Portal. This is in continuation of FSSAI order of even number dated 31″ March
2022.<br /></span></strong><p></p>
<p class="MsoNormal" style="text-align: justify;"><strong><u><span style="color: #002060; font-size: 12.0pt; mso-bidi-font-size: 11.5pt;">Key
Highlights:</span></u></strong></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">The food authority has
issued an order stating that food businesses who have already applied for
modification of license before expiry date can now file renewal of their
license simultaneously without waiting for the approval of modification
application by the authority.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">FSSAI has come up with
revised SOP for mandatory modification of old licenses granted from FLRS
portal.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">In case, an FBO has
filed the application for modification of license and subsequently, license has
expired they<span style="mso-spacerun: yes;"> </span>can file the renewal of its
license even after the expiry date as per the terms and conditions laid down in
the FSSAI Order number IN(31)2020/FoSCoS/RCD/FSSAIpt4 dated 29” October 2021.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">According to the said
October' 2021 order, the modification post expiry date can be done with payment
of penalties including three times of the existing annual license until 90 days
from the date of expiry of license.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">Additional two times
of the existing annual license fee (a total of 5 times) if renewal is filed
between 91 and 180th day from the date of expiry of license while no renewal
will be allowed post 180 days.</span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">The renewal of license
is allowed only for a period of one year.</span></p><p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 107%; text-indent: -18pt;">§<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><b style="text-indent: -18pt;"><i><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Source / Link: </span></i></b><span class="MsoHyperlink" style="text-indent: -18pt;"><b><i><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><a href="https://www.fssai.gov.in/upload/advisories/2022/05/626fad16c9f8bSOP_Revised_Old_Licence_Modification_02_05_2022.pdf">Click
Here</a></span></i></b></span></p>
<p style="text-align: left;"><b><i>Our YouTube Channel Launched: <img alt="💡" aria-label="💡" class="an1" data-emoji="💡" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4a1/32.png" style="height: 1.2em; vertical-align: middle; width: 1.2em;" />To subscribe Link here<img alt="💡" aria-label="💡" class="an1" data-emoji="💡" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4a1/32.png" style="height: 1.2em; vertical-align: middle; width: 1.2em;" /> <a data-saferedirecturl="https://www.google.com/url?q=https://youtube.com/channel/UCTw8uQLj1mbggxibpzj-f-w&source=gmail&ust=1662168455351000&usg=AOvVaw02aS1YCXp4DuILOjIYbRzl" href="https://youtube.com/channel/UCTw8uQLj1mbggxibpzj-f-w" style="color: #1155cc;" target="_blank">https://<span class="il">youtube</span>.com/channel/<wbr></wbr>UCTw8uQLj1mbggxibpzj-f-w</a><br /><img alt="👉🏻" aria-label="👉🏻" class="an1" data-emoji="👉🏻" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f449_1f3fb/32.png" style="height: 1.2em; vertical-align: middle; width: 1.2em;" /><img alt="📹" aria-label="📹" class="an1" data-emoji="📹" loading="lazy" src="https://fonts.gstatic.com/s/e/notoemoji/14.0/1f4f9/32.png" style="height: 1.2em; vertical-align: middle; width: 1.2em;" />Videos will be available soon.</i></b></p><div style="text-align: left;"><b style="text-align: justify;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><br /></span></u></b></div><div dir="auto"><b style="text-align: justify;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"> </span></b><i style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information.</span></i></div><p></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-81663437317850616352022-08-28T11:19:00.007+05:302022-08-28T11:19:48.025+05:30How to Check EPF Balance - Multiple Ways<p align="center" class="MsoNormal" style="text-align: center;"><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 16.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt;">“How to Check EPF Balance”<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiyFpxixAOGZAxGjr4P77Re3z9KOWS4EugnSrOtKxVmMUC3vBiMrYlf_x1-WyctUZRblYZDdS5lwuIja9k_p3l7aVgJw2pL_RksNm5Dh9sNUdlwFZx_9L5hsUC63vzxz6XEuVjWVQVqUOtvE361-G8Pe6Lfppj0fzylrpI65IqxkzLhk7VzvCT9NtMsQw" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="168" data-original-width="300" height="179" src="https://blogger.googleusercontent.com/img/a/AVvXsEiyFpxixAOGZAxGjr4P77Re3z9KOWS4EugnSrOtKxVmMUC3vBiMrYlf_x1-WyctUZRblYZDdS5lwuIja9k_p3l7aVgJw2pL_RksNm5Dh9sNUdlwFZx_9L5hsUC63vzxz6XEuVjWVQVqUOtvE361-G8Pe6Lfppj0fzylrpI65IqxkzLhk7VzvCT9NtMsQw" width="320" /></a></div>The Central Government had
launched Employees' Provident Fund (EPF) which is a retirement benefit scheme
maintained by the Employees' Provident Fund Organization (EPFO). The employee
and the employer contribute to the EPF scheme on monthly basis in equal
proportions of 12% of the basic salary and dearness allowance as mentioned
under the provision of the law.<br /><p></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US;">Different ways to check the balance available in your
EPF Account:</span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">1. PF members can check EPF
account balance and statement through SMS, Miss Call, EPFO portal and EPFO app
app on UMANG platform. You have to link your phone number with UAN.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">2. To check EPF account
balance, and statement, one needs to visit EPFO portal </span><span class="MsoHyperlink"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><a href="http://www.epfindia.gov.in/">www.epfindia.gov.in</a></span></span><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> and view
Passbook section.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">3. PF members can also check
EPF statement and balance by sending an SMS on 7738299899 from their registered
mobile number. Type “EPFOHO UAN LAN” and send it.</span></p>
<p class="MsoListParagraph" style="mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;">LAN is first three character of preferred
language like for Hindi – “HIN” etc. <o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">4. EPF members can also give
a miss call on 01122901406 from your registered Mobile No. Link with UAN.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 7.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span lang="EN-US" style="color: #002060; font-family: Symbol; font-size: 12pt; line-height: 107%; text-indent: -18pt;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-indent: -18pt;">It is mandatory to link the Aadhar number to
the EPF account and UAN. Once your UAN and Aadhar Card are linked, your UAN
will be activated. Then you can check your EPF balance through SMS or missed
call options.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; text-align: left;">5. To check
EPF balance, linking mobile number to UAN is mandatory as the authentication
happens through an OTP that will be sent to the registered mobile number.</span></p>
<p class="MsoNormal"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">6. An individual
who is subscribed to the EPFO can know their EPF balance without UAN number by
logging in at </span><span class="MsoHyperlink"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><a href="http://www.passbook.epfindia.gov.in/">www.passbook.epfindia.gov.in</a></span></span><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> as well.</span></p>
<p class="MsoNormal"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-weight: bold;"><o:p> </o:p></span><b style="text-align: justify;"><u><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">Disclaimer:</span></u></b><b style="text-align: justify;"><span style="font-family: "Times New Roman",serif; font-size: 14.0pt; mso-bidi-font-size: 12.0pt;">
</span></b><i style="text-align: justify;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information.</span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-25786153754377258742022-08-28T11:08:00.004+05:302022-08-28T11:08:35.060+05:30ITR Refund Quick Process<p align="center" class="MsoNoSpacing" style="text-align: center;"><strong><u><span style="color: #002060; font-size: 20.0pt; mso-bidi-font-size: 11.5pt;">ITR Refund Quick
Process</span></u></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;"></span></strong></p><div class="separator" style="clear: both; text-align: center;"><strong><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgflrOq_PGuJvgApee-sxWchiO62IwIJf703JYBLFRKaM2w_YA8VNDeTG9hiL25b9hmdIUSuRzx-DtPP1M1gOAesx9LITqE15nnS4wKkICG7QS2pnTA3SxHFQxelZWnDXKwaDy6rf5FKv6hjzKnbCxmoa78Ssc--qdh7sbeCS9afg-tobLEucLTVXEnKg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="183" data-original-width="275" height="213" src="https://blogger.googleusercontent.com/img/a/AVvXsEgflrOq_PGuJvgApee-sxWchiO62IwIJf703JYBLFRKaM2w_YA8VNDeTG9hiL25b9hmdIUSuRzx-DtPP1M1gOAesx9LITqE15nnS4wKkICG7QS2pnTA3SxHFQxelZWnDXKwaDy6rf5FKv6hjzKnbCxmoa78Ssc--qdh7sbeCS9afg-tobLEucLTVXEnKg" width="320" /></a></strong></div><h3 style="text-align: left;"><span style="font-weight: normal;">Under the income tax and other Direct Tax laws, tax refunds arise in
those cases where the amount of tax paid by a person (or paid on his/her
behalf) is greater than the amount on which he/she is properly chargeable. When
you file the return of your income, you can avail tax refund. There are two
ways for Eligible taxpayers to check their ITR refund status online: </span></h3><p></p>
<p class="MsoNoSpacing"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span></strong></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l1 level1 lfo1; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">through the official website of the Income
Tax Department<o:p></o:p></span></strong></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l1 level1 lfo1; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">through the website of the National
Securities Depository Limited (NSDL) <o:p></o:p></span></strong></p>
<p class="MsoNoSpacing"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span></strong><strong><span style="color: #002060; font-size: 12.0pt; mso-bidi-font-size: 11.5pt;">Mandatory Requirement: </span></strong><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Taxpayer’s PAN.</span></strong></p>
<p class="MsoNoSpacing"><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; text-indent: -18pt;">1.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><strong style="text-indent: -18pt;"><u><span style="color: #002060; font-size: 12.0pt;">Steps to check ITR refund status via Income Tax Portal:</span></u></strong></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Visit the Income Tax Department’s website <o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Login using PAN and user id credentials.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Select the tab ‘My Account’ and click on 'Refund/Demand Status'.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Select ITR and click on your acknowledgement number, from the
drop-down menu.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">A new web page / tab with all tax details, including refund
status will open.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Refund status / details can be checked<o:p></o:p></span></p>
<p class="MsoNoSpacing"><strong><span style="color: #002060; font-size: 12.0pt;"><o:p> </o:p></span></strong></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l2 level1 lfo2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><strong><u><span style="color: #002060; font-size: 12.0pt;">Steps to check ITR refund status via NSDL Website</span></u></strong><strong><span style="color: #002060; font-size: 12.0pt;">:</span></strong><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l3 level1 lfo4; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Visit the site of NSDL @ </span><span class="MsoHyperlink"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;"><a href="https://tin.tin.nsdl.com/oltas/refund-status-home.html">https://tin.tin.nsdl.com/oltas/refund-status-home.html</a></span></span><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;"> <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l3 level1 lfo4; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Click on the link to proceed with taxpayer refund status.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l3 level1 lfo4; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Enter PAN details and select the Assessment Year 2022-23 / or as
applicable.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l3 level1 lfo4; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Click on submit.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l3 level1 lfo4; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">ITR status will be visible.<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="margin-left: 36.0pt; mso-list: l0 level1 lfo3; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Refund status / details can be checked<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Notes: <o:p></o:p></span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: 115%; margin-bottom: 10.0pt; mso-add-space: auto; mso-list: l4 level1 lfo5; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 115%;">Taxpayers can view status of refund 10 days after their refund
has been sent by the Assessing Officer to the Refund Banker.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle"><span style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 115%; text-align: justify; text-indent: -18pt;">§<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 115%; text-align: justify; text-indent: -18pt;">Status of 'paid' refund, being paid other than through 'Refund
Banker', can also be viewed at www.tin-nsdl.com by entering the 'PAN' and
'Assessment Year'.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="text-align: justify;"><span style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 115%; text-indent: -18pt;">§<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 115%; text-indent: -18pt;">'Refund paid' status is also being reflected in the 'Tax Credit
Statements' in Form 26AS.</span></p>
<p class="MsoListParagraphCxSpMiddle"><span style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 107%; text-align: justify; text-indent: -18pt;">§<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 107%; text-align: justify; text-indent: -18pt;">Form 26AS is a credit statement which basically contains all the
information regarding the details of the tax deducted on your income.</span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; mso-bidi-font-size: 12.0pt;"><o:p><span style="text-decoration: none;"> </span></o:p></span></u></b></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>
<p class="MsoNoSpacing"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-45695638912045694532022-08-28T11:04:00.002+05:302022-08-28T11:04:21.555+05:30FSSAI released Vegan Foods Regulation<p align="center" class="MsoNoSpacing" style="text-align: center;"><strong><u><span style="color: #002060; font-size: 20.0pt; mso-bidi-font-size: 11.5pt;">FSSAI released
Vegan Foods Regulation</span></u></strong></p><div class="separator" style="clear: both; text-align: center;"><strong><u><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg9-xKqQeiw9vW1h1LhpfGeyRkdEiX97M6WWlM5JfGRrJ-V6itGfrcijFUDvgTpRTJEFWIvQsRwbro2r_LZAHXLT-sYhn4c4-tljQK9UJse5n1Boo5-O-3IUiXjoY4PNHthpC36niHLpmiFh_-x93rdj_m3tDMWsouIg3XcP3WgYWD5lFCA8MkCL4aUUw" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="171" data-original-width="295" height="231" src="https://blogger.googleusercontent.com/img/a/AVvXsEg9-xKqQeiw9vW1h1LhpfGeyRkdEiX97M6WWlM5JfGRrJ-V6itGfrcijFUDvgTpRTJEFWIvQsRwbro2r_LZAHXLT-sYhn4c4-tljQK9UJse5n1Boo5-O-3IUiXjoY4PNHthpC36niHLpmiFh_-x93rdj_m3tDMWsouIg3XcP3WgYWD5lFCA8MkCL4aUUw=w278-h231" width="278" /></a></u></strong></div><p></p><p class="MsoNoSpacing"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span></strong><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;">FOOD SAFETY AND
STANDARDS AUTHORITY OF INDIA vide gazette id no. CG-DL-E-16062022-236584 dated
10</span><sup style="color: #002060; font-family: "Times New Roman", serif; text-align: justify;">th</sup><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;"> June, 2022 published dated 14</span><sup style="color: #002060; font-family: "Times New Roman", serif; text-align: justify;">th</sup><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;"> June, 2022 has
released the “Food Safety and Standards (Vegan Foods) Regulations, 2022”.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">It’s a concept that
prohibits the consumption of all the byproducts obtained from animals and thus
one cannot consume dairy, eggs, meat, and even honey when on a vegan diet.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">The draft of the Food
Safety and Standards (Vegan Foods) Regulations, 2021, were published as
required by section 92 (1) of the Food Safety and Standards Act, 2006 (34 of
2006) vide notification of the Food Safety and Standards Authority of India,
number F. No. Std/TF-Vegan Foods/Notif./FSSAI, dated the 6″ September, 2021.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">Applicability:</span></u></b><b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"> </span></b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;">They
shall come into force on the date of their publication in the Official Gazette.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-spacerun: yes;"> </span></span></b><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12pt; line-height: 107%; text-indent: -18pt;">q<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><b style="text-indent: -18pt;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">Important Definition
Clause:</span></u></b></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 1.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman"; text-transform: uppercase;">“vegan food”</span></b><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"> means the food or
food ingredient, including additives, flavourings, enzymes and carriers, or
processing aids that are not products of animal origin and in which, at no
stage of production and processing, ingredients, including additives, flavourings,
enzymes and carriers, or processing aids that are of animal origin has been
used.</span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">A.
General requirements</span></u></b></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">No person shall
manufacture, pack, sell, offer for sale, market or otherwise distribute or
import any food as vegan food unless they comply with the requirements laid
down under these regulations.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">The food products to
be called vegan, shall not have involved animal testing for any purpose
including safety evaluation, unless provided by any Regulatory Authority.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">Every packaging
material used for vegan foods shall comply with the provisions of the packaging
regulations.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">d)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">The Food Business
Operator shall ensure that all stages of production, processing and
distribution shall be designed to take the appropriate precautions in
conformity with the Good Manufacturing Practices in such a way to avoid the
unintended presence of non-vegan substances.</span></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">e)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">There shall be traceability
established up to the manufacturer level and the Food Business Operator shall
comply with any other requirements specified by the Food Authority to maintain
the vegan integrity of the foods or food ingredients or products thereof from
time to time.</span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo5; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">f)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">Every vegan food or
ingredient shall comply with the relevant provisions, as applicable under the
Act, rules and regulations.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-fareast-font-family: "Times New Roman";">B.
Labelling and display requirements. –</span></u></b></p>
<p class="MsoBodyText" style="margin-left: 23.0pt; mso-list: l4 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">(1)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">The
seller of vegan food either exclusively or as part of retail merchandise shall store
and display such food in a manner distinguishable from non-vegan food.<o:p></o:p></span></p>
<p class="MsoBodyText" style="margin-left: 23.0pt; mso-list: l4 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">(2)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">Every
package of vegan foods, after the approval, shall carry the logo as specified
below:<o:p></o:p></span></p>
<p class="MsoBodyText" style="margin-left: 23.0pt; mso-list: l4 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">(3)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">In
addition to the specified requirements, all vegan foods shall comply with the
packaging and labelling requirements specified under the Food Safety and
Standards (Labelling and Display) Regulations, 2020, except clause(b) of sub
regulation (4) of regulation 5</span></p>
<p class="MsoBodyText" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">C. Vegan food
compliance. –</span></u></b></p>
<p class="MsoBodyText" style="margin-left: 21.3pt; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">The
Food Business Operator shall submit an application to the concerned licensing
authority with all necessary details in a format as may be specified by the
Food Authority.</span></p>
<p class="MsoBodyText" style="margin-left: 21.3pt; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">2)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">The
Food Authority may specify guidelines for approval of vegan logo.</span><span style="color: #002060; font-family: "Times New Roman", serif; font-size: 12pt;"> </span></p>
<p class="MsoBodyText" style="margin-left: 21.3pt; mso-list: l3 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">3)<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">No
vegan food products shall be imported except with a certificate issued by the
recognised authorities of the exporting countries in the format as specified by
the Authority is accepted.</span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; mso-bidi-font-size: 11.0pt;">As per the new rules laid out by the FSSAI on June 10, it has
been made compulsory for manufacturers of vegan products to display the logo
specified by the authority for easier recognition as well as ensure
traceability of the products up to the level of manufacturers.</span></p>
<p class="MsoListParagraph" style="mso-list: l1 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span lang="EN-US" style="color: #002060; font-family: Wingdings; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";"> </span></span></span><!--[endif]--><b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Notification Link: </span></i></b><span class="MsoHyperlink"><b><i style="mso-bidi-font-style: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;"><a href="https://www.fssai.gov.in/upload/notifications/2022/06/62ac3f9dba33cGazette_Notification_Vegan_Food_17_06_2022.pdf">Click
Here</a></span></i></b></span></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which shall
be taken care of in the next edition. In no event the author shall be liable
for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>
<p class="MsoNoSpacing"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-27742283096373698572022-08-28T11:01:00.000+05:302022-08-28T11:01:04.535+05:30Govt. update on Package for MSMESs Sector<p align="center" class="MsoNoSpacing" style="text-align: center;"><strong><u><span style="color: #002060; font-size: 18.0pt; mso-bidi-font-size: 11.5pt;">Govt. update
on Package for MSMESs Sector</span></u></strong></p>
<p class="MsoNormal" style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEggIuFic8Y_fu3ffsRkrQWFKNKT2H4Goq4Qndev0aG21AR-ECJ8pUj0AAImm9K7Q07wCjAxXtTq0XTBfoyy7RrtE0YJe6mZoeRNldvn8z4dfHsix0BxvcT2IUlWj-bhoESCtsj-fqaZmynVAWullxJoqRVCclsHuBydwuYNnjvJeK3V4DhdP7PKVYIKgQ" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="200" data-original-width="252" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEggIuFic8Y_fu3ffsRkrQWFKNKT2H4Goq4Qndev0aG21AR-ECJ8pUj0AAImm9K7Q07wCjAxXtTq0XTBfoyy7RrtE0YJe6mZoeRNldvn8z4dfHsix0BxvcT2IUlWj-bhoESCtsj-fqaZmynVAWullxJoqRVCclsHuBydwuYNnjvJeK3V4DhdP7PKVYIKgQ" width="302" /></a></div><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The Central Government has announced Bailout Package for MSMESs Sector
vide Press Release ID: 1846944 dated 01<sup>st</sup> August, 2022 and has operationalised
Aatma Nirbhar Bharat Package for MSMEs to cope up with the COVID-19 crisis.</span></strong><p></p>
<p class="MsoNormal" style="text-align: justify;"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The Ministry has operationalised Emergency Credit Line Guarantee Scheme
(ECLGS), Credit Guarantee Scheme for Subordinate Debt (CGSSD) and Self Reliant
India (SRI) fund under Aatma Nirbhar Bharat package. This information is
provided by Minister of State for Micro Small and Medium Enterprises, Shri
Bhanu Pratap Singh Verma, to the Rajya Sabha.<br /><o:p></o:p></span></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;"><o:p> </o:p></span></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><u><span style="color: #002060; font-size: 12.0pt; mso-bidi-font-size: 11.5pt;">1. Emergency
Credit Line Guarantee Scheme (ECLGS):</span></u></strong></p>
<p class="MsoListParagraph" style="mso-list: l1 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The Finance Ministry of India launched the Emergency
Credit Line Guarantee Scheme (ECLGS) in May 2020 (13.05.2020_to help the
pandemic hit economy.</span></strong></p>
<p class="MsoListParagraph" style="mso-list: l1 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">EMERGENCY CREDIT LINE GUARANTEE SCHEME (ECLGS)
launched by Government of India as a special scheme in view of COVID-19 crisis
to provide 100% guarantee coverage to Banks and NBFCs to enable them to extend
emergency credit facilities to Business Enterprises / MSMEs in view of COVID-19
to meet their additional term loan/additional working capital requirements.</span></strong></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l1 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">This scheme aimed to provide Rs.3 lakh crore of
unsecured loans to MSMEs and business enterprises to mitigate the distress
caused by the coronavirus-induced lockdown.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The ECLGS is being extended up to March 2023 with an
expanded guarantee cover of Rs. 5 lakh crore.</span></strong></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l1 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The additional guarantee cover of Rs. 50,000 crore
is earmarked exclusively for exclusively for hospitality and related
enterprises.</span></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><u><span style="color: #002060; font-size: 12.0pt; mso-bidi-font-size: 11.5pt;">2. Self -
Reliant India (SRI) Fund:</span></u></strong></p>
<p class="MsoListParagraph" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The Government of India has announced Fund of Funds
as a part of Aatma Nirbhar Bharat Package in May, 2020 ,with the nomenclature
Self Reliant India (SRI) Fund to infuse as equity funding in MSMEs which have
the potential and viability to grow and become large units.</span></strong></p>
<p class="MsoListParagraph" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">This initiative is aimed at providing growth capital
to the deserving and eligible units of MSME sector.</span></strong></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">SRI Fund, in the form of Category II Alternative
Investment Fund (AIF), will be oriented towards providing funding support to
the Daughter Funds for onward provision to MSMEs as growth capital, in the form
of equity or quasi-equity.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">MSMEs, defined as per the MSMED Act, as amended from
time to time, shall be eligible for consideration.</span></strong></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Govt. of India will be the sole anchor investor and
provide an initial budgetary support of Rs. 10,000 crore to the Mother Fund in
phased manner. No other outside investment will be entertained in the Mother Fund.</span></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><u><span style="color: #002060; font-size: 12.0pt; mso-bidi-font-size: 11.5pt;">3. Credit
Guarantee Scheme for Subordinate Debt (CGSSD):</span></u></strong></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Shri Nitin Gadkari, MSME Minister, had launched the
Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called
“Distressed Assets Fund–Sub-ordinate Debt for MSMEs”.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">This scheme was announced in May 2020 as a part of
Aatma Nirbhar Bharat Package with a view to<span style="mso-spacerun: yes;">
</span>provide credit facility to the promoters of stressed MSMEs viz. SMA-2
and NPA accounts who are eligible for restructuring as per RBI guidelines on
the books of the lending institutions.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Under the scheme, the promoter would infuse the
credit in the MSME as quasi equity or sub-debt.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">The guarantee covers worth Rs. 20,000 crores will be
provided to the promoters who can take debt from the banks to further invest in
their stressed MSMEs as equity.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">90% guarantee coverage would come from scheme/ Trust
and remaining 10% from concerned promoter(s) on the credit extended by MLIs
under the scheme. The guarantee cover would be uncapped, unconditional and
irrevocable credit guarantee.</span></strong></p>
<p class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><strong><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-family: Symbol; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></strong><!--[endif]--><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; line-height: 107%; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">Benefit is available after completion of necessary
formalities including approval of CCEA and consultation with Finance Ministry,
SIDBI and RBI among others.</span></strong></p>
<p class="MsoNormal" style="text-align: justify;"><strong><span style="color: #002060; font-size: 12.0pt; font-weight: normal; mso-bidi-font-size: 11.5pt; mso-bidi-font-weight: bold;">According to the study made by Small Industries Development Bank of India
(SIDBI) reveals that around 65% of the MSMEs surveyed, have availed the
benefits of Emergency Credit Line Guarantee Scheme (ECLGS). According to the study
made by National Institute of Bank Management (NIBM) reveals that under ECLGS,
the loans were fairly easy to obtain, cost effective, helpful to fulfil short
term financial needs, eased cash flow burden.</span></strong></p>
<p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b style="mso-bidi-font-weight: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><span style="mso-spacerun: yes;"> </span></span></b><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>
<p class="MsoNoSpacing"><i style="mso-bidi-font-style: normal;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"><o:p> </o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-46973010287863638752022-06-11T13:54:00.002+05:302022-06-11T13:54:34.218+05:30CFO Certificate under CSR Rules _ Draft Format<p style="text-align: center;"><b> <span style="font-size: large;">CFO Certificate under CSR Rules _ Draft Format</span></b></p><p class="MsoBodyText" style="margin: 4.55pt 0cm 0.0001pt 5pt; text-align: left;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">Date:<span style="letter-spacing: -.15pt;"> </span>……….<o:p></o:p></span></p><p class="MsoBodyText" style="line-height: 15.95pt; margin-left: 5.0pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">The<span style="letter-spacing: -.05pt;"> </span>Board<span style="letter-spacing: -.15pt;">
</span>of<span style="letter-spacing: -.1pt;"> </span>Director,<o:p></o:p></span></p><p class="MsoNormal" style="line-height: 13.65pt; margin-left: 5.0pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">………………………………<o:p></o:p></span></p><p class="MsoNormal" style="margin-left: 5.0pt;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">……………………………..</span></p><p class="MsoTitle"><b><span lang="EN-US" style="font-family: "Times New Roman",serif;">Sub:<span style="letter-spacing: -.2pt;"> </span>Certificate<span style="letter-spacing: -.05pt;"> </span>under<span style="letter-spacing: -.05pt;"> </span>Rule<span style="letter-spacing: -.2pt;"> </span>4<span style="letter-spacing: -.05pt;"> </span>of<span style="letter-spacing: -.2pt;"> </span>CSR<span style="letter-spacing: -.15pt;"> </span>Rules,<span style="letter-spacing: -.1pt;"> </span>2014</span><span lang="EN-US" style="font-family: "Times New Roman", serif;"><o:p></o:p></span></b></p><p class="MsoBodyText" style="margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 5.0pt; margin-right: 0cm; margin-top: 4.6pt;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">Dear<span style="letter-spacing: -.05pt;"> </span>Sirs,<o:p></o:p></span></p><p class="MsoBodyText" style="margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 5.0pt; margin-right: 5.75pt; margin-top: 0cm; text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman",serif;"><br /><br /></span></p><p class="MsoBodyText" style="margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 5.0pt; margin-right: 5.75pt; margin-top: 0cm; text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiyCahRXLbUSP6R6e2wj2BH6y0il6DtByvUbP-AgJc-IWmDAurm6M0uLKTfzzYMUZnirCM4t1L35KGIOt4uxEPj_LJ8fuHj-3YVOTbpWn5Y-3fjFrC7BWm7b4QuQXbwPUKQ36ShgSv5MxgVSng65zWUx4DBLjizsvyrPLI1xcXrQJC6P4RZfjxXPvz7yw" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="170" data-original-width="297" height="114" src="https://blogger.googleusercontent.com/img/a/AVvXsEiyCahRXLbUSP6R6e2wj2BH6y0il6DtByvUbP-AgJc-IWmDAurm6M0uLKTfzzYMUZnirCM4t1L35KGIOt4uxEPj_LJ8fuHj-3YVOTbpWn5Y-3fjFrC7BWm7b4QuQXbwPUKQ36ShgSv5MxgVSng65zWUx4DBLjizsvyrPLI1xcXrQJC6P4RZfjxXPvz7yw=w200-h114" width="200" /></a></div><span lang="EN-US" style="font-family: "Times New Roman",serif;">This is to certify that
funds of Rs…Lakhs so disbursed for Corporate Social<span style="letter-spacing: .05pt;"> </span>Responsibility (CSR) activity for financial year 2020-21 has
been utilized for<span style="letter-spacing: -3.75pt;"> </span>the purpose and
in the manner as approved by the Board in their meeting<span style="letter-spacing: .05pt;"> </span>held on………. as per the rules 4 of Companies (CSR) Rules, 2014
and<span style="letter-spacing: .05pt;"> </span>Schedule<span style="letter-spacing: -.15pt;"> </span>VII<span style="letter-spacing: -.05pt;"> </span>of<span style="letter-spacing: -.05pt;"> </span>the<span style="letter-spacing: -.2pt;"> </span>Companies
Act,<span style="letter-spacing: -.05pt;"> </span>2013.<o:p></o:p></span><p></p><p class="MsoBodyText"><span lang="EN-US" style="font-family: "Times New Roman",serif;"> </span><span style="font-family: "Times New Roman", serif;">Details</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.1pt;"> </span><span style="font-family: "Times New Roman", serif;">of</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.05pt;"> </span><span style="font-family: "Times New Roman", serif;">CSR</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.15pt;"> </span><span style="font-family: "Times New Roman", serif;">expenditure</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.1pt;"> </span><span style="font-family: "Times New Roman", serif;">are</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.15pt;"> </span><span style="font-family: "Times New Roman", serif;">as</span><span style="font-family: "Times New Roman", serif; letter-spacing: -0.1pt;"> </span><span style="font-family: "Times New Roman", serif;">follows:</span></p><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 5.5pt; mso-border-alt: solid black .5pt; mso-border-insideh: .5pt solid black; mso-border-insidev: .5pt solid black; mso-padding-alt: 0cm 0cm 0cm 0cm; mso-table-layout-alt: fixed; mso-yfti-tbllook: 480;">
<tbody><tr style="height: 16.05pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 16.05pt; mso-border-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p align="center" class="TableParagraph" style="line-height: 15.1pt; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 79.6pt; margin-right: 79.25pt; margin-top: 0cm; mso-line-height-rule: exactly; text-align: center;"><b><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Particulars<o:p></o:p></span></b></p>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph" style="line-height: 15.1pt; margin-left: 75.55pt; mso-line-height-rule: exactly;"><b><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Rs.<span style="letter-spacing: -.1pt;"> </span>In<span style="letter-spacing: -.05pt;"> </span>Lakhs<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height: 16.05pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph" style="line-height: 15.05pt; margin-left: 5.35pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Amount<span style="letter-spacing: .05pt;">
</span>Outlay<span style="letter-spacing: -.1pt;"> </span>(Budgeted)<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;"> </span></p>
</td>
</tr>
<tr style="height: 16.15pt; mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; height: 16.15pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph" style="line-height: 15.2pt; margin-left: 5.35pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Amount<span style="letter-spacing: -.05pt;">
</span>spent<span style="letter-spacing: -.1pt;"> </span>on<span style="letter-spacing: -.1pt;"> </span>the projects<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.15pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;"> </span></p>
</td>
</tr>
<tr style="height: 16.05pt; mso-yfti-irow: 3;">
<td style="border-top: none; border: solid black 1.0pt; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph" style="line-height: 15.05pt; margin-left: 5.35pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Amount unspent<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;"> </span></p>
</td>
</tr>
<tr style="height: 16.05pt; mso-yfti-irow: 4; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph" style="line-height: 15.05pt; margin-left: 5.35pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">Excess<span style="letter-spacing: -.1pt;">
</span>amount<span style="letter-spacing: -.2pt;"> </span>spent<o:p></o:p></span></p>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.05pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 0cm 0cm 0cm; width: 233.8pt;" valign="top" width="312">
<p class="TableParagraph"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;"> </span></p>
</td>
</tr>
</tbody></table><p class="MsoBodyText"><br /></p><p class="MsoBodyText" style="margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 5.0pt; margin-right: 373.3pt; margin-top: 0cm;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">Thanking You,<span style="letter-spacing: .05pt;"> </span>Yours<span style="letter-spacing: -.7pt;"> </span>Faithfully,<o:p></o:p></span></p><p class="MsoBodyText" style="margin-top: .5pt;"><span lang="EN-US" style="font-family: "Times New Roman",serif;"> </span></p><p class="MsoNormal" style="margin-left: 5.0pt;"><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 14.0pt;">for<span style="letter-spacing: -.1pt;"> </span><b>……………………………<o:p></o:p></b></span></p><p class="MsoBodyText"><b><span lang="EN-US" style="font-family: "Times New Roman",serif;"> </span></b></p><p class="MsoBodyText" style="line-height: 16.1pt; margin-left: 5.0pt; mso-line-height-rule: exactly;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">(Name)<o:p></o:p></span></p><p class="MsoBodyText" style="margin-left: 5.0pt;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">Chief<span style="letter-spacing: -.05pt;"> </span>Financial<span style="letter-spacing: -.2pt;"> </span>Officer</span></p><p class="MsoBodyText" style="margin-left: 5.0pt;"><b><span lang="EN-US" style="font-family: "Times New Roman",serif;">Note: <o:p></o:p></span></b></p><p class="MsoBodyText" style="margin-left: 5.0pt; text-align: justify;"><span lang="EN-US" style="font-family: "Times New Roman",serif;">According to provisions
mentioned under The Companies (Corporate Social Responsibility Policy)
Amendment Rules, 2021, The Board of a company shall satisfy itself that the
funds of CSR have been utilized for the purposes and in the manner as approved
by it and the Chief Financial Officer or the person responsible for financial
management shall certify to the effect.</span></p><p>
<b><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 14.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: Arial; mso-fareast-language: EN-US;">Disclaimer:</span></b><span lang="EN-US" style="font-family: "Times New Roman",serif; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-size: 14.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: Arial; mso-fareast-language: EN-US;"> <i>Every effort has been made to
avoid errors or omissions in this material. In spite of this, errors may creep
in. Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information.</i></span></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0tag:blogger.com,1999:blog-665407968280560401.post-16770343213592334542022-06-09T23:54:00.002+05:302022-06-09T23:54:32.493+05:30SEBI circular on Investor Grievance Redressal Mechanism <p align="center" class="MsoNormal" style="text-align: center;"><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjcP9sBQC6Qklq5-Ui-wZnD1Cseb4wQ-UsnYZwuItVR9WjlvzI1JHxFm3fuz2YQRgs4BS-D5Pugb5D0GC-r03TzJ_H_5TUBaK32jzCPHlIcUTfnpcP2vJqWnLostI4gI3j1RnWvTOt7eqURqF4W4s7cUQQuoT4ohRqqHNL8soMiaBqGzoPBEIWfYuzyGA" style="margin-left: auto; margin-right: auto;"><img alt="" data-original-height="163" data-original-width="309" height="284" src="https://blogger.googleusercontent.com/img/a/AVvXsEjcP9sBQC6Qklq5-Ui-wZnD1Cseb4wQ-UsnYZwuItVR9WjlvzI1JHxFm3fuz2YQRgs4BS-D5Pugb5D0GC-r03TzJ_H_5TUBaK32jzCPHlIcUTfnpcP2vJqWnLostI4gI3j1RnWvTOt7eqURqF4W4s7cUQQuoT4ohRqqHNL8soMiaBqGzoPBEIWfYuzyGA=w271-h284" width="271" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><b><u><span lang="EN-US" style="color: #002060; font-family: "Times New Roman", serif;"><span style="font-size: large;"></span></span></u></b></p><div style="text-align: left;"><b><u><span style="font-size: large;"><b><u><span lang="EN-US"><span style="font-size: large;">SEBI circular on Investor Grievance
Redressal Mechanism</span></span></u></b></span></u></b></div><p></p><p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">In order to protect the
interests of investors in securities and to promote the development of, and to
regulate the securities market, <b>Securities
and Exchange Board of India (SEBI)</b> vide Circular No. SEBI/HO/MIRSD/DOS3/P/CIR/2022/78
dated 03<sup>rd</sup> June, 2022 has issued notification related to “<b>Investor Redressal Grievance Mechanism” </b>in
exercise of the powers conferred under Section 11 (1) of the Securities and Exchange
Board of India Act, 1992 read with Section 10 of the Securities Contract
(Regulation) Act, 1956.<br /></span></p><p class="MsoNormal" style="text-align: justify;"><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Main aim to introduce this
circular is to further strengthen the Investor Grievance Redressal Mechanism.</span></p><p class="MsoNormal" style="text-align: justify;"><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Applicability:</span></u></b></p><p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Applicable with effect from
July 01, 2022.<o:p></o:p></span></p><p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: Symbol; font-size: 12.0pt; line-height: 107%; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">SEBI has amended Circular
No. SEBI/HO/MIRSD/DOC/CIR/P/2020/226 dated November 6, 2020.</span></p><p class="MsoNormal" style="text-align: justify;"><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Key Highlights:</span></u></b></p><p class="MsoListParagraphCxSpFirst" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">1.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">SEBI has introduced a new
framework for investor grievance redressal mechanism as part of its effort to
strengthen the process.</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">2.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">For any dispute between the
member and the client relating to or arising out of the transactions in Stock
Exchange, which is of civil nature, the complainant/ member shall first refer
the complaint to the IGRC and/ or to arbitration mechanism provided by the
Stock Exchange before resorting to other remedies available under any other
law.</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">3.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">It is clarified that the
sole arbitrator or the panel of arbitrators, as the case may be, appointed
under the Stock Exchange arbitration mechanism may consider any claim relating
to any dispute between a stock broker and client arising out of the
transactions in stock exchange, as per law, and shall always be deemed to have
the competence to rule on its jurisdiction.</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">4.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">A complainant/member, who is
not satisfied with the recommendation of the IGRC shall avail the arbitration
mechanism of the Stock Exchange for settlement of complaints within three
months from the date of IGRC recommendation”.</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">5.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">The time period of three
months mentioned in the previous sub-clause for filing arbitration shall be
applicable only for the cases where the IGRC recommendation is being
challenged.</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">6.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">For any arbitration
application received without going through IGRC mechanism, the above time
period of three months shall not apply, and for such cases the limitation
period for filing arbitration shall be governed by the law of limitation, i.e.,
The Limitation Act, 1963.”</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 35.45pt; mso-add-space: auto; mso-list: l2 level1 lfo2; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">7.<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Stock Exchanges and
Depositories are advised to:</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 71.45pt; mso-add-space: auto; mso-list: l1 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">a)<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">Make necessary amendments to
the relevant bye-laws, rules and regulations, operational instructions, as the
case may be, for the implementation of the above circular; and</span></p><p class="MsoListParagraphCxSpLast" style="margin-left: 71.45pt; mso-add-space: auto; mso-list: l1 level1 lfo3; text-align: justify; text-indent: -18.0pt;"><!--[if !supportLists]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">b)<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 107%;">bring the provisions of this
circular to the notice of their constituents and also disseminate the same on
the website.</span></p><p class="MsoNormal" style="text-align: justify;"><b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Source: </span></b><span class="MsoHyperlink"><b><span style="font-family: "Times New Roman",serif; font-size: 12.0pt;"><a href="https://www.sebi.gov.in/legal/circulars/jun-2022/investor-redressal-grievance-mechanism_59521.html">Click
Here</a></span></b></span></p><p>
</p><p class="MsoNormal" style="margin-right: .2pt; tab-stops: 460.7pt; text-align: justify;"><b><u><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Disclaimer:</span></u></b><b><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;"> </span></b><i><span style="color: #002060; font-family: "Times New Roman",serif; font-size: 12.0pt;">Every effort has been made to avoid
errors or omissions in this material. In spite of this, errors may creep in.
Any mistake, error or discrepancy noted may be brought to our notice which
shall be taken care of in the next edition. In no event the author shall be
liable for any direct, indirect, special or incidental damage resulting from or
arising out of or in connection with the use of this information. <o:p></o:p></span></i></p>CS Lalit Rajputhttp://www.blogger.com/profile/17503769033382961608noreply@blogger.com0