Corporate Updates – 26-10-2017


MCA has issued the Companies (Removal of Difficulties) 2nd Order, 2017, whereby it has amended, Sub-Section (1) of Section 247 of the Companies Act, 2013. The Companies (Registered Valuers and Valuation) Rules, 2017 as recently notified, there will be number of organizations dealing with various assets, such as land and building, machinery and equipment having separate set of valuers for valuation; And unless these different organisations are recognised, it would be difficult to ensure the required level of regulation for the valuers by registering them directly with the central Government. Therefore, in Section 247(1), for the words, "a person having such qualifications and experience and registered as a valuer in such a manner, on such terms and conditions as may be prescribed", the words "a person having such qualifications and experience, registered as a valuer and being a member of an organisation recognised in such a manner, on such terms and conditions as may be prescribed" shall be substituted.


CBEC has issued a press release to Waive off late fee on filing of GSTR-3B for August and September, 2017. In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR- 3B for the months of August and September, 2017. The necessary software changes are being carried out in the IT system. Electronic cash ledger of the taxpayers who have already paid the late fee on filing of GSTR-3B either for the month of August or September, 2017 or those who pay such fee before the necessary changes are carried out in the IT system will be credited with the amount of late fee so paid by them. The enabling notifications are being issued shortly.

News from NIRC of ICSI

NIRC of ICSI will be organising a Seminar on the theme "Commercial Contracts : Negotiation, Drafting and Litigations" on Saturday, the 28th October, 2017 from 10.00 AM onwards at Hotel Piccadily, Janakpuri District Centre Complex, Near Janak Puri West Metro Station, New Delhi-110058. Fees : Rs.1,600/- per delegate inclusive of GST (Rs.1000/- for students) ; FREE for Corporate Members of NIRC. PCH – 4.

Speak Your Mind