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UTTAR PRADESH- IMPOSITION OF E-WAY BILLS

As we know that GST is talk of the town these days, Government of India notified it w.e.f. 1stJuly, 2017 except 2 chapters (registration and Composite levy), which were notified earlier w.e.f. 22nd June, 2017. All the Acts and rules whether Central wise or State wise are notified. However rules for e-way bill are yet to be placed in Goods and Services Tax Rules, 2017 and only a rule i.e. rule 138…

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#Acts #e-commerce #export #Goods and services Tax #GST #GST Law #gst rules #taxable goods #transports #Uttar Pradesh

5 points to ponder before you give your property on rent

5 points to ponder if you’re giving your property on rent.

1. CREDENTIALS – Check the credentials of the person you are renting out your property to: check the I cards, bank statements, previous history, etc.

2. REGISTRATION – Make sure proper registration has been done and stamp duty duly paid. In the event of rent agreement, less than 12 month registration is optional, but do not evade the…

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#Agreement #Insurance #Property #Real Estate #Registration #Rent

Actions Points for adoption GST

As business owners and professionals we need to adopt the GST regime. GST has been introduced to avoid dual taxation, increase the scope of CENVAT credit and much more. Few Action points for adoption of GST are as under:

Migrate the Registration

Classifying the transaction into Goods and Service and Place of Provision

Get the tax rate of the goods and service

Prepare the detail of Stock in hand

P…

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#CENVAT #Goods and services Tax #GST #GST impact #GST Law #GST Rates #GSTIN

Appointment of a director other than a retiring director in the General Meeting

Section 160 provides for the right of persons other than the retiring directors to stand for the directorship at any general meeting of the Company, if he or some other member intending to propose him as a director complies with the requisites given under Section 160 as explained under.

The following requisites of Section 160(1) must be complied with:

The company must receive a notice proposing a…

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Incorporation of a Section 8 Company Under Companies Act, 2013

Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company

(a) Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;

(b) Intends to apply its profits, if any, or…

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#Board of Directors #Companies #Companies Act #companies Act 2013 #Director Identification number #Incorporation #Limited Company #Public Company

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#risk management #business #compliance #enterprise #finance #legal #laws

Incorporation of a Section 8 Company Under Companies Act, 2013

Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company

(a) Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;

(b) Intends to apply its profits, if any, or…

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#business #Central Government #companies Act 2013 #Company #Digital Signature #Director Identification number #Limited Company #Public Company #Section 8 Company

Lexcomply.com enables HR departments to identify, allocate, manage and report statutory compliance. In HR function Statutory Compliance..

Read Managing HR laws compliance using technologies on Infeeds and share your thoughts with world.

#business #HR #human resources #compliance #statutory #labour #laws #employee engagement #provident fund #bonus #wages

What is the procedure to Right Issue of Shares under Companies Act 2013?

What is the procedure to Right Issue of Shares under Companies Act 2013? by Gaurav Jain

Answer by Gaurav Jain:

In accordance with the provisions of clause (a) sub-section (1) of Section 62, where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered to persons who, at the date of the offer, are…

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Secretarial Audit for Public Companies

Compulsion for Secretarial Audit : Following classes of companies are required to appoint Secretarial Auditor for auditing the secretarial and related records of their companies:

Every Listed Public Company; or

Public Companies having a paid up capital of Rupees fifty crore or more; or

Public companies having a turnover of two hundred fifty crore rupees or more.

[Section 204(1) & Rule No. 9(1)…

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Contract Labour (Regulation and Abolition) (Maharashtra Amendment) Act: Changes & Impact

The Law and Judiciary Department, Government of Maharashtra vide its notification published in the Maharashtra Government Gazette on 5 January 2017 has made significant amendments in Contract Labour (Regulation and Abolition) Act for the state of Maharashtra.

Now the said act will be applicable:

To every establishment in which 50 (fifty) or more workmenare employed or were employed on any day of…

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#Act #Acts #Amendment #Compliance #Contract #employed #Government #HR Laws Abolition #Labour #LexComply #Maharashtra #MSME #Regulation

Ease of doing business: Delhi Contract Labour

The Contract Labour (Regulation and Abolition) Act, 1970 is a Central Act. However mostly all States are having their own rules. Likewise Delhi is also having its own rules namely Delhi Contract Labour (Regulation and Abolition) Rules, 1970. In the said act there are two types of approvals, one is on the part of contractor, which is called license (section 12) and second is on the part of…

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#Acts #business #Contract #Delhi Contract Labour #employer #HR Laws Central Act #Labour #Labour Department #Regulation

Ease of doing business – Delhi VAT

As we know that every dealer is required to get himself registered under DVAT, if his turnover exceeds taxable quantum i.e. Rs. 20 lakh in current year; or to pay tax, or is registered or required to be registered under Central Sales Tax Act, 1956.

Department has been focusing on “Easy of Doing Business”and to proceed it further the Department of Trade & Taxes, Govt. of NCT of Delhi, has decided…

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#Acts #Central Sales Tax #Delhi #DVAT #LexComply #Sales Tax #Tax Act #Trade & Taxes #VAT

Code of conducts under Insolvency and Bankruptcy Board of India Regulations, 2016

Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016

The Insolvency and Bankruptcy Board of India has issued the Notification on Insolvency and Bankruptcy Board of India. These Regulations shall come into force on 29thNovember, 2016.

The purpose of the Act is to build up a strong legal system related to the Bankruptcy and Insolvency. This step opens a new…

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#Act #Acts #Bankruptcy #Compliance #corporate #Insolvency #Insolvency and Bankruptcy #Insolvency Professionals #legal #LexComply #Regulations #stakeholders

Employees’ Enrolment Campaign, 2017 (Amnesty Scheme for Provident Fund)

About EPF:

Companies in which twenty or more persons are employed are liable to register for allotment of the PF Code number with Regional Provident Fund Commissioner. The employees whose salary is less than Rs. 15000 are to be mandatorily enrolled under EPF. The employer shall deduct the employee’s contribution from his wages and within fifteen days of the close of every month pay to the fund by…

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#Companies #employee #Employees Provident Funds #employer #Enrolment #EPF #HR Laws #Insurance #PF #Provident Fund #Wages

Holding 100% Control over a company – Section 89 of the Companies Act, 2013

Companies Act, 2013, gives freedom to the Companies to do anything, which is legal and in the interest of stakeholders but with the approval of authority or by intimating authority in a manner as may be prescribed by the act.

In Companies Act, 2013, section 89 is the only section which gives a way to a person/company to hold 100% control over a company.Under section 89 we have 2 options to…

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#Companies Act #companies Act 2013 #legal #LexComply #One Person Company #private company #Public Company #shareholder #stakeholders

The Real Estate Act is a game changer, 6 things you SHOULD know about it

FEELING TRAPPED? 6 ways in which the Real Estate Act will protect you.

The Real Estate Act comes into force in 2016 and makes several provisions for the protection of buyers :

Mandatory to register with the Real Estate Regulatory Authority (RERA):All commercial and residential real estate projects with over 500 square meters or eight apartments shall register with the Real Estate Regulatory…

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#Acts #apartments #Authority #Builders #buyers #Commercial #consumers #demonetization #Property #Real Estate #Real Estate Act #Regulatory #residential

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