MCA:
MCA has given an opportunity to all those Companies which do not have any of their Directors / Signatory details registered in the MCA21 system and who are desirous of filing DIR-3C Form are requested to get atleast one authorised signatory registered by contacting the concerned Registrar of Companies. MCA has already issued instructions to all ROCs and RDs in this regard.
CBDT:
CBDT has notified the process for determination of arm’s length price in respect of wholesale trading. According to the clarification, where the variation between the arm’s length price determined under section 92C and the price of which the international transaction or specified domestic transaction has actually been undertaken does not exceed one percent of the latter in respect of wholesale trading and three percent of the latter. In all other cases, the price at which the international transaction or specified domestic transaction has actually been undertaken shall be deemed to be the arm’s length price for assessment year 2014-15.
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