Corporate Updates – 12-04-2016

MCA:

MCA has notified the New version of eForm AOC-4 (Filing financial statement and other documents with the Registrar), AOC-4 -CFS (Form for filing consolidated financial statements and other documents with the Registrar), FC-2 (Return of alteration in the documents filed for registration by foreign company), MGT-14 (Filing of Resolutions and agreements to the Registrar), INC-23 (Application to Regional Director for approval to shift the Registered Office from one state to another state or from jurisdiction of one Registrar to another Registrar within the same State) and INC-12 (Application for grant of License under section 8) w.e.f 10th April, 2016 and the same are available on MCA21 Portal. Only new version of the eForm will be acceptable. Stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form- wise date of last version change is available at on the website of MCA.

CBDT:

Central Board of Direct Taxes has applied Electronic Verification Code concept for verification of electronic appeals before Commissioner of Income Tax (Appeals). The notification said that EVC would verify the identity of the person furnishing the form. The EVC generation process may vary based on the risk category of the assessee, the method of accessing the e-Filing website or interface with third party authenticating entity. The EVC would be unique for an Assessee-PAN or Assessee-TAN and will not be valid for any other PAN or TAN at the time of furnishing of the form. One EVC can be used to validate one form of the assessee irrespective of the assessment year. The EVC will be valid for 72 hours or as otherwise specified. The Verifier may use more than one mode to obtain EVC and can generate the EVC multiple times. The mode of generation of EVC, Validation of EVC and Data Structure of EVC shall be same as specified by the Notification No. 2/2015 dated 13th July, 2015 and the Notification No. 1/2016 dated 19th January, 2016 issued by the Principal Director General of Income-tax (Systems).

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