Posts

AGM resolution for regularisation of additional director

-
Image
AGM notice for regularisation of Additional Director NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the [Xth] Annual General Meeting of the Members of [Company Name] will be held on [Date] , at [Time] , at [Venue] , to transact the following businesses: ORDINARY BUSINESS: To receive, consider, and adopt the audited financial statements: To receive, consider, and adopt the audited financial statements of the Company for the financial year ended March 31, 2024, including the reports of the Board of Directors and Auditors thereon, and in this regard, to pass, with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited financial statements of the Company for the financial year ended March 31, 2024, and the reports of the Board of Directors and Auditors thereon, laid before this meeting, be and are hereby considered and adopted.” SPECIAL BUSINESS: Regularization of Mr. XYZ (DIN-000000): To consider and, if thought fit, t
Post a Comment
Continue Reading

Trust Audit Submission Due Date Extended for FY 2023-24

-
Image
Trust Audit Submission Due Date Extended for FY 2023-24 The Charity Commissioner of Maharashtra has extended the due date for submitting trust accounts online for the financial year 2023-24. As per Circular No. 612 dated 26/09/2024, the new deadline for submission is 30th November 2024. Trust Audit Submission Due Date Extended for FY 2023-24 Under section 33(1) of the Maharashtra Public Trusts Act, 1950, trustees are required to have their accounts audited within six months of balancing the accounts, typically as of 31st March. Several trusts and societies have been de-registered in the past for non-compliance with this critical requirement. Trust Audit ensures the trust remains active and compliant with the Charity Commissioner. Make sure to take advantage of this extension and submit your trust accounts in time to avoid penalties or de-registration. Here is Circular No. 612 confirming the extension of the due date for online submission of trust accounts for FY 2023-24.  #TrustAudit20
Post a Comment
Continue Reading

You are about to lose access to your old GST return data

-
Image
Important: You are about to lose access to your old GST return data! Starting August 1, 2024, the GST portal has begun archiving GST return data that is more than seven years old. This is part of a regular monthly process, following the guidelines under Section 39 (11) of the CGST Act, 2017, effective from October 1, 2023, as per Notification No. 28/2023 – Central Tax dated July 31, 2023. What this means for you: GST returns older than seven years will no longer be viewable or accessible on the GST portal. Act now! Data for September 2017 will be archived on October 1, 2024, and this process will continue monthly. You will permanently lose access to this data if you don’t download and save it before it's archived. Urgent action required: We strongly advise you to log into the GST portal and download your older GST returns data immediately. Once archived, it will not be retrievable. Don’t wait until it’s too late! 
Post a Comment
Continue Reading

All about TDS on sale of immovable property Section 194-IA

-
Image
All about Section 194-IA TDS on sale of Immovable property Section 194-IA apply only if seller is tax resident of India. If Seller is NRI  section 195 comes into picture. 1. What is Section 194-IA of the Income Tax Act? Section 194-IA requires the buyer (transferee) of an immovable property (other than agricultural land) to deduct tax at source (TDS) while making payment to the seller (transferor). 2. What is the applicable TDS rate under Section 194-IA? The applicable TDS rate is 1% . 3. On which value is TDS to be deducted under Section 194-IA? TDS is to be deducted on the higher of the sale consideration (the actual transaction value) or the stamp duty value of the immovable property. 4. What types of immovable properties are covered under Section 194-IA? The section covers any immovable property ( other than agricultural land ). 5. What is the meaning of 'consideration' under Section 194-IA? The 'consideration' includes not only the basic sale price but also cha
Post a Comment
Continue Reading

Format of attendance register for AGM

-
Image
Format of attendance sheet of AGM As the AGM season is underway, proper documentation becomes crucial for smooth corporate governance. Among the key documents required for an Annual General Meeting, the AGM attendance register holds particular importance. The AGM attendance register is far from being just a formality; it has significant legal and operational value. This document serves as a record of all members and special invitees present at the meeting, which is essential for confirming that quorum requirements have been met. Additionally, AGM attendance sheet stands as an official point of reference in case any disputes arise regarding the legitimacy of the meeting or decisions made. Here is the format of attendance register for AGM you can use for recording attendance of Members at AGM: ATTENDANCE REGISTER First Annual General Meeting of the Company DATE & TIME   VENUE   MODE Physical Time of Meeting
Post a Comment
Continue Reading