Corporate Updates – 06-09-2016


MCA has made Annual filing forms available for Companies Act, 1956 – Form 23AC (Filing balance sheet and other documents with the Registrar), Form 23ACA (Filing Profit and Loss account and other documents with the Registrar), Form 23B (Information by auditor to Registrar), Form 20B (Filing annual return by a company having a share capital with the Registrar), Form 21A (Particulars of annual return for the company not having share capital), Form 66 (Form for submission of compliance certificate with the Registrar) available on MCA21 Forms Download page. Further, IEPF Forms are likely to be available on the IEPF portal w.e.f 7th Sep 2016. Stakeholders are requested to plan accordingly.


The Ministry of Commerce & Industry has amended the Clause 3(1)(i)(h) of Foreign Trade (Exemption from application of Rules in certain cases) order,1993 to allow individuals to import CIF value of consumer electronic items (except hearing aids and life saving equipment, apparatus and appliances and parts thereof) at any one time by any person through post or otherwise for personal use upto an enhanced value of Rs. 50,000/-. Earlier to this amendments the CIF value of good imported was allowed upto Rs. 2,000/- only.

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