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22Mar, 2024
MCA – LLP

ROC, Delhi & Haryana in its drive to clean the registry has issued notice of striking off of 1171 LLP’s under Section 75 of LLP Act, 2008 read with Rule 37 of LLP Rules, 2009. These LLP’s have not been carrying on any business or operation for a period of two immediately preceding financial years and have failed to file their Financial Statements (Form — 😎 and Annual Return (Form — 11) for the Financial Year 2015-16 and 2016-17. Therefore, the Registrar has reasonable cause to believe the same for the purpose of taking suo-moto action for striking off the name of these LLPs. It is therefore proposes to remove/Strike off the names of the said LLPs from the Register and dissolve them unless a cause is shown to the contrary, within one month from the date of this notice. Any person objecting to the proposed removal/striking off of name of the LLPs from the register of LLPs may send his/her objection to the office address mentioned hereinabove within one month of the date of publication of this notice.

Regards,

Team BKA.

22Mar, 2024
IT releases all e-filing forms for AY 2018-19 & last date without late fees is 31, July 2018.

Rules are getting tough day by day and taxpayers must be active and punctual now to avoid any unnecessary penalties. The new forms require to disclose much more information about income ranging from break-up of salary to quoting of gross receipts as per GST returns.

Finally after more the one and half month, The Income Tax department has released all the e-filing forms for the assessment year 2018-19, and has set the last date for filing Income Tax Returns (ITR), other then audit case is 31 July, 2018.

Rules are getting tough day by day and taxpayers must be active and punctual now to avoid any unnecessary penalties.

The new forms require to disclose much more information about income ranging from break-up of salary to quoting of gross receipts as per GST returns.

As Per new section Sec 234F, inserted to levy penalty for late filing of ITR. If ITR for AY 2018-19 is filed after due date (31th July for individuals without audit, 30th Sept for other persons) but before 31st December of the Assesment year (31-12-2018 in case of Assessment year 2018-19) then Penalty of Rs.5000/- will be levied and If ITR is filed after 31st Dec then Rs. 10000 will be levied as penalty.

There is some relief for small tax payer, If the total Income of assessee is below or equal to Rs. 5 Lakhs, then penalty will be restricted to Rs.1000 only.

Apart from penalty on late filing of ITR, if you make a mistake while filing for FY2017-18, then you would have time till 31 March, 2019 to file your revised return. Earlier a taxpayer was allowed to revise his returns up till two years from the end of the financial year for which the return was filed.

Thus, taxpayer are advise to file their income tax return before 31 july 2018 in order to avid late filling fees.

Regards,

Team BKA.

22Mar, 2024
Dear Professionals,

Pursuant to the provision of Regulation 2.1.13 of Food safety and standards( Licencing and Registration of Food businesses) provides for :

(1) Every 1[manufacturer and importer who has been issued a license] shall on or before 31st May of each year, submit a return electronically or in physical form as may be prescribed by the concerned Food Safety Commissioner, in ‘Form D-1’ provided in Schedule 2 of these Regulations to the Licensing Authority in respect of each class of food products handled by him during the previous financial year.

Provided however that every licensee engaged in manufacturing of milk and/or milk products shall file half yearly returns for the periods 1st April to 30th September and 1st October to 31st March of every financial year in the form D-2, as provided in Schedule-2 of these regulations. Such returns will be filed within a month from the end of the period.

Regards,

www.bkacs.com

22Mar, 2024
Dear Professionals,

Please find the link for new amendments under Companies Act, 2017

Companies (Prospectus & Allotment of Securities) Amendment Rules 2018:

http://www.mca.gov.in/…/CompaniesProspectusRules…

Companies (Appointment & Qualification of Directors) Second Amendment Rules 2018:

http://www.mca.gov.in/…/AppointmentDirectorsRules…

Companies (Meetings of Board & its Powers) Amendment Rules 2018:

http://www.mca.gov.in/…/CompaniesBoardsPowersRules…

Companies (Audit & Auditors) Amendment Rules 2018:

http://www.mca.gov.in/…/AuditAuditorsRules_07052018.pdf

Companies (Share Capital & Debentures) Second Amendment Rules 2018:

http://www.mca.gov.in/…/CompaniesShareCapitalRules…

Companies (Specification of Definition Details) Amendment Rules 2018:

http://www.mca.gov.in/…/CompaniesSpecificationRules…

Companies (Registration of Office & Fees) Second Amendment Rules 2018:

http://www.mca.gov.in/…/CompaniesOfficesFeesRules…

Regards

www.bkacs.com

MCA.GOV.IN

www.mca.gov.in

22Mar, 2024
The Companies (Registration Offices and Fees) Second Amendment Rules 2018 has been notified on 7th May 2018. Accordingly, in case the due

date of filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013 expires after 30/06/2018, the additional fee @Rs.100 per day shall become payable in respect of

MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS.

In all other cases where the belated annual returns or balance sheet/financial statement which were due to be filed whether under the Companies Act,1956 (23AC,23ACA,23AC XBRL,23ACA XBRL,20B,21A) or the Companies Act, 2013 (MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS)additional fee as per the applicable slab for the period of delay up to 30th June 2018 plus @Rs.100 per day w.e.f 1st July 2018 shall become payable. Stakeholders are advised to take note and plan accordingly.

Regards,

Team BKA.