Subject: Condonation of Delay Scheme, 2018
the Central Government has decided to introduce a Scheme namely “Condonation of Delay Scheme 2018” [CODS-2018] as follows.
1. The scheme shall come into force with effect from 01.01.2018 and shall remain in force up to 31.03.2018
2. Applicability: - This scheme is applicable to all defaulting companies (other than the companies which have been stuck off/whose names have been removed from the register of companies under section 248(5) of the Act). A defaulting company is permitted to file its overdue documents which were due for filing till 30.06.2017 in accordance with the provisions of this Scheme.
3. Procedure to be followed for the purposes of the scheme:- (1) In the case of defaulting companies whose names have not been removed from register of companies,-
i) The DINs of the disqualified directors de-activated at present shall be temporarily activated during the validity of the scheme to enable them to file the overdue documents.
ii) The defaulting company shall file the overdue documents in the respective prescribed eForms paying the statutory filing fee and additional fee payable as per section 403 of the Act read with Companies (Registration Offices and fee) Rules, 2014 for filing these overdue documents.
iii) The defaulting company after filing documents under this scheme, shall seek condonation of delay by filing form e-CODS 2018 attached to this scheme along with a fee of Rs. 30,000/- (Rs. Thirty Thousand only) as prescribed under the Companies (Registration Offices and Fee) Rules, 2014 well before the last date of the scheme.
iv) The DINs of the Directors associated with the defaulting companies that have not filed their overdue documents and the eform CODS, and these are not taken on record in the MCA21 registry and are still found to be disqualified on the conclusion of the scheme in terms of section 164(2)(a) r/w 167(1)(a) of the Act shall be liable to be deactivated on expiry of the scheme period.
(2) In the event of defaulting companies whose names have been removed from the register of companies under section 248 of the Act and which have filed applications for revival under section 252 of the Act up to the date of this scheme, the Director’s DIN shall be re-activated only NCLT order of revival subject to the company having filing of all overdue documents.
the Central Government has decided to introduce a Scheme namely “Condonation of Delay Scheme 2018” [CODS-2018] as follows.
1. The scheme shall come into force with effect from 01.01.2018 and shall remain in force up to 31.03.2018
2. Applicability: - This scheme is applicable to all defaulting companies (other than the companies which have been stuck off/whose names have been removed from the register of companies under section 248(5) of the Act). A defaulting company is permitted to file its overdue documents which were due for filing till 30.06.2017 in accordance with the provisions of this Scheme.
3. Procedure to be followed for the purposes of the scheme:- (1) In the case of defaulting companies whose names have not been removed from register of companies,-
i) The DINs of the disqualified directors de-activated at present shall be temporarily activated during the validity of the scheme to enable them to file the overdue documents.
ii) The defaulting company shall file the overdue documents in the respective prescribed eForms paying the statutory filing fee and additional fee payable as per section 403 of the Act read with Companies (Registration Offices and fee) Rules, 2014 for filing these overdue documents.
iii) The defaulting company after filing documents under this scheme, shall seek condonation of delay by filing form e-CODS 2018 attached to this scheme along with a fee of Rs. 30,000/- (Rs. Thirty Thousand only) as prescribed under the Companies (Registration Offices and Fee) Rules, 2014 well before the last date of the scheme.
iv) The DINs of the Directors associated with the defaulting companies that have not filed their overdue documents and the eform CODS, and these are not taken on record in the MCA21 registry and are still found to be disqualified on the conclusion of the scheme in terms of section 164(2)(a) r/w 167(1)(a) of the Act shall be liable to be deactivated on expiry of the scheme period.
(2) In the event of defaulting companies whose names have been removed from the register of companies under section 248 of the Act and which have filed applications for revival under section 252 of the Act up to the date of this scheme, the Director’s DIN shall be re-activated only NCLT order of revival subject to the company having filing of all overdue documents.
http://www.livemint.com/Politics/U7C2PIRxzbsVbno4I3OavK/GST-regime-to-stabilise-in-next-18-months-Niti-Aayog.html?facet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp&__twitter_impression=true
The goods and services tax (GST) regime would *get stabilised in the next 18 months*, Niti Aayog vice chairman Rajiv Kumar said on Friday
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http://www.livemint.com/
GST regime to stabilise in next 18 months: Niti Aayog
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Members are required to pay their annual membership fee by 30th September 2017. The names of members, whose annual membership fees are not received before the due date, are removed from the Register of Members, with effect from 1st October 2017.
Check your status of membership Number by visiting the link https://www.icai.org/new_post.html?post_id=1812&c_id=92
Members whose names have been removed from the Register of members may apply for restoration of membership by visiting the link https://www.icai.org/post.html?post_id=2181&c_id=237
Check your status of membership Number by visiting the link https://www.icai.org/new_post.html?post_id=1812&c_id=92
Members whose names have been removed from the Register of members may apply for restoration of membership by visiting the link https://www.icai.org/post.html?post_id=2181&c_id=237
ICAI
ICAI - The Institute of Chartered Accountants of India
ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949)
https://taxpedia.net/govt-cautions-people-against-investing-in-bitcoin-and-virtual-currencies-says-it-iponzi-schemes/
Govt terms Bitcoin and Virtual Currencies as *Ponzi Schemes*
CAUTIONS People Against Investing in Bitcoin and Virtual ‘Currencies’
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Tax Updates by CA Atul Modani
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https://taxpedia.net/no-extension-of-gstr-1-due-date-dont-fall-for-rumors/
*NO EXTENSION OF GSTR 1 DUE DATE- Don’t fall for rumors*
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https://t.co/aQKJOS60m4
https://t.co/aQKJOS60m4
Tax Updates by CA Atul Modani
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Published on 29th December 2017- 6.04 PM
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