Corporate Updates – 29-09-2015

MCA:

The MCA has notified the amended rules which may be called as the Companies (Management and Administration) Second Amendment Rules,2015 and shall come into force on the date of their publication in the Official Gazette. Through this amendment, Ministry has modified the contents of MGT – 7 (Annual Return under Section 92 of the Companies Act, 2013) to insert the new mandatory field relating to the Permanent Account Number (PAN) of the Company.

CBDT:

CBDT has issued a Press Release relating to the circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16. The fake order extends the due date for filing of audit report under section 119 of the Income-tax Act to 15 October 2015. It is clarified that the order is fraudulent. The Government has not extended the due date for filing of returns and audit report due by 30th September 2015. Tax payer and practitioners are advised not to give any credence to the fraudulent order purportedly signed by one Upmanyu Reddy.

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