Highlights from the 53rd GST Council Meeting

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Several measures were proposed to ease compliance and reduce litigation for taxpayers 53rd GST council meeting.
Several measures were proposed to ease compliance and reduce litigation for taxpayers in the 53rd GST council meeting.

The 53rd meeting of the Goods and Services Tax (GST) Council was held on June 22 in New Delhi. Several recommendations were made at the meet to refine tax rates and service exemptions under the GST regime.

The meeting, chaired by Union Finance Minister Nirmala Sitharaman, deliberated on various proposals to streamline GST applicability across goods and services.

Many items were present on the agenda from this GST Council meeting. Further, before the GST Council meeting, the Union FM had a pre-budget consultation with various states and UTs. Union FM also clarified that as of 31st December 2023, less than 1.96% of GST taxpayers received the notices under GST (1,14,999 taxpayers).

Several measures were proposed to ease compliance and reduce litigation for taxpayers.

Here are the key highlights:

Ease of compliance burden of taxpayers

  • Changes will be allowed in GSTR-1 going forward within same tax period: The GST Council approved implementing a functionality for a new form GSTR-1A that allows taxpayers to add/amend particulars of GSTR-1 of current tax period/IFF for 1st and 2nd month of quarter, that is missed out before filing GSTR-3B.
  • Reporting B2C supplies in GSTR-1: The threshold for reporting Business-to-Consumers (B2C) interstate supplies invoice-wise in Table 5 of GSTR-1 will be reduced from Rs.2.5 lakh to Rs.1 lakh.
  • GSTR-4 Due Date Revised: Extension provided to the due date for filing GSTR-4 by the composition taxable persons from the present 30th of April to 30th of June 2024 from FY 2024-25 onwards.
  • TCS Rate Reduction: Electronic Commerce Operators (ECOs) had to collect Tax Collected at Source (TCS) at 1% (0.5% each under CGST and SGST/ 1% under IGST) on net taxable supplies under Section 52(1) of the CGST Act. It is recommended to reduce this to 0.5 % (0.25% under CGST and 0.25% under SGST/UTGST/0.5% under IGST).
  • Compulsory filing of GSTR-7: GSTR-7 must be filed mandatorily even if no TDS is deducted, reported invoice-wise and no late fee will be charged for nil filing.
  • GSTR-9/9A filing applicability: The filing of annual return in GSTR-9/9A for the FY 2023-24 would be exempted for taxpayers with an aggregate annual turnover upto Rs.2 crore.
  • Modification to Section 16(4): The time limit to avail ITC for invoices or debit notes in any GSTR-3B filed up to 30th November 2021 (applicable for fiscal years 17-18, 18-19, 19-20 and 20-21) may be deemed to be 30th November 2021, which will apply retrospectively from 1st July 2017. Furthermore, Section 16(4) shall be relaxed where returns for the period from the date of cancellation of registration/ effective date of cancellation of registration till the date of revocation of cancellation of the registration, are filed by the registered person within thirty days of the order of revocation.
  • Amendment to CGST Rule 88B: The GST Council has recommended not to charge interest on the amount available in the electronic cash ledger on the due date of filing GSTR-3B and is debited while filing the said return in cases of delayed filing of GSTR-3B.
  • New Section 128A: GST Council has waived interest and penalties for demand notices issued u/s 73 of CGST (applicable for fiscal years 17-18, 18-19 and 19-20) for cases not involving fraud, suppression and misstatement. It is applicable to cases where the taxpayer pays the full amount in the notice by 31st Mar 2025.
  • Changes in Section 73 and 74: A common time limit will be set for issuing demand notices and orders under both these provisions without differentiating cases as fraud/non-fraud. The time limit for the taxpayers to claim the benefit of reduced penalty, by paying the tax demanded along with interest, would be increased from 30 to 60 days.
  • Monetary Limits set for GST Appeals: The recommended monetary limits for filing appeals by the department before these legal fora are Rs.20 lakh for GST Appellate Tribunal, Rs.1 crore for HC and Rs.2 crore for SC. 
  • Amending Sections 107 and 112:  The maximum amount for pre-deposit for filing appeal before appellate authorities shall be reduced from Rs.25 crore under CGST and Rs.25 crore under SGST to Rs.20 crore respectively. Moreover, the amount of pre-deposit for appeal before the GST Appellate Tribunal has been reduced from 20% with a maximum amount of Rs.50 crores under CGST and Rs.50 crores under SGST to 10% with a maximum of Rs.20 crores under CGST and Rs.20 crores under SGST.
  • Sunset Clause to amend Sections 109 & 117: Sunset clause to be added for anti-profiteering cases pending and decision taken to shift the hearing panel from CCI to principal bench of GSTAT. The GST Council has also recommended the sun-set date of 1st April 2025 for receiving any new application regarding anti-profiteering.
  • Time limit to file appeals before the GSTAT: The GST Council recommended modifying Section 112 to provide a 3 months time for filing appeals before the GST Appellate Tribunal. It will start from a date yet to be notified by the Government, most likely to be announced by 5th August 2024 as this is the last date.
  • New Section 11A: The new provision allows regularization of non-levy or short levy of GST, where tax was being underpaid or unpaid due to common trade practices. 
  • IGST Refund due to upward price revisions after exports: A mechanism is being introduced for claiming refund of additional IGST paid due to any upward revision in price of the goods after their export, helping taxpayers claim refunds for paying additional IGST due to such move.
  • No refund of IGST in specific case: Where export duty is payable, IGST will not be refunded by modifying Sections 16 and 54. This applies for both exports and supplies to SEZ unit/developer with or without payment of tax.
  • Biometric-based Aadhaar Authentication: Those applicants who have opted for Biometric based Aadhaar authentication conducted at the GST Suvidha Kendra will be rolled out for GST registration on all-India basis in a phased manner.
  • DRC-03 Circular expected to be notified: A circular will be issued to prescribe a mechanism for adjusting any demand amount paid through DRC-03 against the amount payable as pre-deposit for filing GST appeal.
  • Section 122(1B) to be amended: Amendment will apply retrospectively w.e.f. 1st October 2023, so as to clarify that the said penal provision is applicable only for those e-commerce operators, who are required to collect TCS u/s 52 and not for other e-commerce operators.
 
Rate rationalisation for Goods and Services

The GST Council announced several GST rate revisions and exemptions for goods and services, as listed below-

Particulars

New GST Rates / Exemptions

Extra Neutral Alcohol used for the manufacture of alcoholic liquor for human consumption

Exempt

Imports of parts, components, testing equipment, tools, and tool-kits of aircraft, irrespective of their HS classification, are used to boost the MRO activities subject to specified conditions.

5% IGST

Parts of Poultry keeping Machinery

12%

All milk cans (different materials), irrespective of use

12%

All carton boxes and cases of both corrugated and non-corrugated paper board

12%

All types of sprinklers, including fire water sprinklers

12%

All solar cookers, whether or not single or dual energy source

12%

Services provided by Indian Railways to common man for sale of platform tickets, cloak rooms, and battery operated car services are exempted, including intra railway supplies

Exempt

Service by way of hostel accommodation is currently not exempted if outside educational institution upon satisfying the conditions that the rent limit is up to Rs. 20,000 per person per month, and the service is rendered for a continuous period of 90 days

Exempt

Corporate guarantee if in case it is for services or goods where whole ITC is available

Exempt

Services provided by Special Purpose Vehicles (SPV) to Indian Railway by way of allowing Indian Railway to use infrastructure built & owned by SPV during the concession period and maintenance services supplied by Indian Railways to SPV

Exempt

Imports of specified items for defence forces

IGST is exempt for five years till 30th June 2029

Imports of research equipment/buoys imported under the Research Moored Array for African-Asian-Australian Monsoon Analysis and Prediction (RAMA) programme subject to specified conditions

IGST is exempt

Imports in SEZ by SEZ Unit/developers for authorised operations with effect from 1st July 2017

Compensation Cess is exempt

Supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under the Ministry of Defence

Compensation Cess is exempt

Import of technical documentation for AK-203 rifle kits imported for the Indian Defence forces.

Ad hoc IGST exemption provided

These measures aim to streamline the GST compliance process, provide clarity on various issues, and ensure consistency across the GST framework. The recommendations will be implemented through relevant circulars, notifications, and law amendments.

Source:

53rd GST Council Recommendations

MCA grants extension of time for Limited Liability Partnerships

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The Ministry of Corporate Affairs (MCA) has recently extended the deadline for filing Form LLP BEN-2 and LLP Form No. 4D for Limited Liability Partnerships (LLPs). Here are the details:

  1. Background:

    • The MCA introduced LLP BEN-2 and LLP Form No. 4D as crucial forms for declarations under the Companies Act, 2013.
    • These forms relate to significant beneficial owners and beneficial interest in contributions received by the LLP.

  2. Extension and Waiver of Additional Fees:

    • To facilitate compliance during the transition from MCA-21 version-2 to version-3, the MCA has extended the deadline.
    • LLPs now have until 1st July 2024 to submit these forms without incurring any additional fees.
    • This extension aims to ease the financial burden on LLPs and promote adherence to legal obligations.

Conclusion:

    • General Circular No.-03/2024 demonstrates the government’s commitment to supporting businesses, especially LLPs, during transitional phases.
    • By prioritizing ease of doing business and encouraging compliance, the MCA promotes transparency and efficiency within the corporate sector.

Mandatory requirement of Unlisted Companies to have shares in Demat Form

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Company Law
The Ministry of Corporate Affairs, has made it mandatory for private limited companies also to issue their securities in dematerialized form starting from 30 September 2024 and to facilitate conversion of all their existing securities in dematerialized form

Background:

Till now, only public limited companies were required to issue these securities in dematerialized form and private limited companies were exempted and hence could issue their securities in the form of a physical document.

Previously, the Ministry of Corporate Affairs (MCA) mandated that public companies must maintain and transact their shares in Demat form starting from October 2nd, 2018

Effective from October 27, 2023, the MCA has introduced significant changes in the regulations governing the dematerialization of securities for private limited companies.

The Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 now apply to private limited companies, excluding small companies.

These rules come into effect on September 30th, 2024.

As per the new amendment every private company which has not been classified as small company shall mandatorily convert their existing physical securities into demat form within 18 months of end of F.Y. 2023. (i.e. 30/09/2024)

Small company, as per Section 2(85) of the Companies Act,2013, means a company, other than a public company,
  • having a paid-up share capital of which does not exceed 4 crore rupees or such higher amount as may be prescribed; and
  • Turnover of which as per profit and loss account for the immediately preceding financial year does not exceed 40 crore rupees or such higher amount as may be prescribed:
    Exceptions:
  • A holding company or a subsidiary company;
  • A company registered under section 8; or
  • A company or body corporate governed by any special Act.
Consequences of non-dematerialization of physical security into demat on or before 30/09/2024:
  1. After the due date, the company shall not be able to undertake a) Issue any securities b) buyback of securities c) issue bonus shares d) Offer for right issue of securities
  2.  After the due date, Security holders shall not be able to transfer the securities of the company or subscribe further issue of securities.
  3. Penalty would be levied on the Company under the provisions of section 450 of the Companies act, 2013 as no specific penalty has been provided for the said non­compliance under the act.

* The penalty to be levied under Section-450 of the Companies Act, 2013 is as mentioned hereunder: “Fine which may extend to Rs. 10,000 and in case of continuous contravention, a further fine of which may extend to Rs. 1,000 per day after the first during which the contravention continues.”

Summary: Failure to convert physical securities into demat form by the specified deadline carries significant repercussions for private companies. They risk being unable to issue securities, undertake buybacks, issue bonus shares, or offer right issues. Moreover, security holders may face restrictions on transferring securities or subscribing to further issues. Non-compliance also attracts penalties under Section 450 of the Companies Act, 2013, emphasizing the importance of adhering to the new mandate.

	

	





	

      

	

		
			

				Union Budget 2024 Highlights: Announcements by Finance Minister Nirmala Sitharaman			

		
		

    
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Summary of Direct and Indirect Tax Proposals: Budget 2024-25


 Summary of the direct and indirect tax proposals made in the Budget 2024-25 (Finance Bill 2024) presented by Smt Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs:


Highlights of the Direct Tax Proposals of Finance Bill, 2024


No changes in Tax Rates


No changes have been proposed to the existing rates of direct and indirect taxes. The existing rates of income tax, gst, import duties, etc. have been retained.


To provide continuity, some tax benefits and exemptions have been extended by 1 year until 31st March 2025. These include:


    

  1. Tax benefits for startups;
    2. 

  2. Tax exemptions on certain income for International Financial Services Centers (IFSCs); and
    3. 

  3. Tax exemptions on investments made by sovereign wealth funds and pension funds.
    4. 



The Interim Budget 2024 maintains the status quo on tax rates and extends certain tax breaks by a year to provide stability and continuity in taxation. No new changes or reforms have been introduced to the tax structure or rates.


Withdrawal of Outstanding direct tax demands


The FM has announced to withdraw the outstanding demands of income tax. Here is a summary of the key points regarding the withdrawal of outstanding direct tax demands announced in the Interim Budget 2024:


i) In line with the government’s vision to improve ease of living and doing business, outstanding petty direct tax demands up to Rs 25,000 dating back to 1962 will be withdrawn for the period up to FY 2009.


ii) Similarly, outstanding demands up to Rs 10,000 will be withdrawn for the FY 2010-11 to 2014-15.


iii) These are non-verified, non-reconciled or disputed demands that continue to remain on the books, causing anxiety for taxpayers.


    

  1. Withdrawing these demands will help provide relief to honest taxpayers and enable refunds for subsequent years.
    2. 

  2. This is expected to benefit about 1 crore taxpayers who have such outstanding demands.
    3. 

  3. The move aims to improve tax payer services and reduce harassment of taxpayers over small disputed sums dating back decades.
    4. 



In short, the Interim Budget 2024 has announced the withdrawal of old, petty direct tax demands up to Rs 25,000 till FY 2009-10 and Rs 10,000 between FY 2010-11 to 2014-15 to provide relief to taxpayers.


Highlights of the Indirect Tax Proposals of Finance Bill 2024


The FM has proposed in Budget 2024 to retain the same tax rates in respect of GST, import duty, etc. indirect taxes as are applicable at present, i.e. existing GST and import duty rates shall continue in FY 2024-25 as well.


BUDGET HIGHLIGHTS 2024-25, Ministry of Finance 

	

	





	

      

	

		
			

				IT Refund: IT Department urges Taxpayers to respond to Past Tax Demands.			

		
		

    
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With 2.75 crore refunds already processed, the I-T department has asked taxpayers to respond to outstanding tax demands promptly.




The Income Tax Department has urged taxpayers to address any outstanding tax demands for previous years in order to facilitate faster clearance of refunds for the 2022-23 fiscal year. This is a taxpayer-friendly measure, as it gives taxpayers an opportunity to clarify the status of any outstanding demands and ensure that they receive their refunds as quickly as possible.




The Income Tax Department on September 23, 2023, called upon taxpayers to promptly respond to intimation of outstanding tax demands, adding that it will help in faster processing of income tax returns (ITR) and quicker issuance of refunds.


For the Assessment Year 2023-24, a total of 7.09 crore returns have been filed. Of these, 6.96 crore ITRs have been verified, 6.46 crore returns have been processed, and 2.75 crore refund returns have already been issued as per the latest data from the I-T department.


The Income Tax Department is making every effort to complete the processing of ITRs and issuance of refunds expeditiously, it said in a social media post on X. However, a significant hurdle in achieving this goal is that there are previous outstanding tax demands.




What are pending tax demands?





After you file your returns, the Income Tax Department inspects the tax declarations and if there are any mismatches with your actual tax liability, it issues an “outstanding tax demand” notice.





Section 245(1) of the Income-tax Act, 1961, necessitates offering taxpayers an opportunity to provide their input before adjusting the refund against any existing demand. Taxpayers are required to agree, disagree, or clarify the status of the demand.





Taxpayers who have outstanding demands from previous years will receive notifications from the department. So it has requested the taxpayers to respond to such intimations to enable “cleaning up/reconciliation” of pending demands and facilitate timely issue of refunds. It will not only aid in resolving pending demands but also expedite the timely issuance of refunds.





How to Respond to Outstanding Tax Demands?





In its official website, the Income Tax Department shows how one can respond to outstanding demands. Here are the steps to follow:





To begin the process, taxpayers should visit the official Income Tax Department’s e-filing portal at https://www.incometax.gov.in/iec/foportal/.





Under the ‘e-File’ menu, taxpayers should locate and click on the ‘Response to Outstanding Demand’ option.





In the subsequent screen, taxpayers will find a list of response options. They can select from the following choices:





a) Demand is correct





b) Demand is partially correct





c) Disagree with demand





d) Demand is not correct but agree for adjustment





Submit Your Response: Depending on the chosen response, taxpayers should follow the instructions provided on the portal. If the taxpayer selects ‘Demand is correct,’ they should click on the ‘Submit’ button to confirm their choice and complete the response submission process.





However, if the ‘Demand is correct’ option is confirmed, taxpayers will not have the option to disagree with the demand later and any refund owed will be adjusted against the outstanding demand. Taxpayers also have the option to pay the demand directly by clicking the link under the ‘Pay Tax’ option.




Income Tax Department > Tax Services > Submit Response to Outstanding Tax Demand





	

	





	

      

	

		
			

				Amnesty Scheme for LLPS – MCA issues circular condoning delay in filing Form 3, 4 and 11			

		
		

    
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This scheme aims to grant a condonation of delay to LLPs regarding the filing of Form-3, Form-4, and Form-11 from September 1, 2023 to September 30, 2023.
This scheme aims to grant a condonation of delay to LLPs for filing of Form-3, Form-4, and Form-11 from September 1, 2023 to September 30, 2023.


The Ministry of Corporate Affairs (MCA) has notified the Limited Liability Partnership (LLP) Amnesty Scheme. The ministry vide circular number No. 8/2023 issued on 23rd August 2023 condoning the delay in filing of Form-3, Form-4 and Form-11 under Section 67 of Limited Liability Partnership (LLP) Act, 2008 read with Section 460 of Companies Act, 2013.


These forms shall be available for filing from 01.09.2023 onwards till 30.11.2023 (both dates inclusive). Also, the LLPs availing the scheme shall not be liable for any action for delayed filing of the Form-3, Form-4 and Form-11.


Based on the representations received by the government that certain LLPs are finding difficulties in filing Form- 3 (LLP Agreement and changes therein), Form- 4 (Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner and consent to become a partner/ designated partner) and Form- 11 (Annual Return of LLP) for various reasons including due to mismatch in the  master data in electronic registry of the Ministry.


Due to this, the records/data in the electronic registry are also not being updated. Thus, to address these issues, the government has decided to grant one-time relaxation in additional fees to those LLPs who could not file the Form 3, 4 and 11 within the due date and provide an opportunity to update their filings and details in master data for future compliances.


The following are highlights of Amnesty Scheme:


    

  • The Form-3 and Form-4 would be processed under Straight Through Process (STP) mode for all purposes except for change in business activities.
    • 



    

  • The stakeholders are advised to file these forms in sequential manner i.e., the filing for old events date may be filed first and so on so as to update the master data in proper manner.
    • 



    

  • At the time of filing these forms, the pre-filled data as per existing master data of the LLP shall be provided in each of above mentioned forms but the same shall have the facility to edit. The onus of filing correct data would be on the stakeholders.
    • 



    

  • In case of misrepresentation, the Designated Partner and the professional certifying the form may be liable for adverse action as per provisions of the law.
    • 



    

  • The filing of Form-3 and Form-4 without additional fee shall be applicable for the event dates 01.01.2021 and onwards.
    • 



    

  • For events dated prior to 01.01.2021, these forms can be filed with 02 times and 04 times of normal filing fees as additional fee for small LLPs and Other than small LLPs respectively.
    • 



    

  • The filing of Form-II without additional fee shall be applicable for the financial year 2021-22 onwards.
    • 



    

  • Form-II for previous years (prior to financial year 2021-22) can be filed with 02 times and 04 times of normal filing fee as additional fee for small LLPs and Other than small LLPs respectively.
    • 



    

  • These forms shall be available for filing from 01.09.2023 onwards till 30.11.2023 (both dates inclusive). The LLPs availing the scheme shall not be liable for any action for delayed filing of the Form-3, Form-4 and Form-11.
    • 



Source: General-Circular-No-08-20230823

	

	





	

      

	

		
			

				Ministry of Corporate Affairs to launch 56 forms in V3 portal from Jan, 2023			

		
		

    
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Source: MCA Circular




The Ministry of Corporate Affairs (MCA) is all set to launch the Second Set of Company Forms on the MCA21 V3 portal, in January 2023, comprising of total 56 forms.


The first lot will consist of 10 forms to be released on January 9, 2023, and the second lot will consist of 46 forms to be released on January 23, 2023.


In order to simplify the process of integrating these forms into ( web based filing)  the  MCA21 V3 portal, the Ministry of Corporate Affairs has requested stakeholders to take note of the following points:


(1) For 10 forms scheduled for rollout from January 7, 2023, at 12:00 a.m. to January 8, 2023, at 11:59 p.m., company e-Filings on the V2 portal will be disabled for the specified forms that are scheduled to be released on January 9, 2023.


(2) For 46 forms scheduled for rollout on January 23, 2023, company e-Filings on the V2 portal will be disabled from January 7, 2023, at 12:00 a.m. to January 22, 2023, at 11:59 p.m.


(3) All stakeholders are advised to ensure that there are no SRNs in “pending payment” or “resubmission” status.


(4) Offline payments in V2 for the above 56 forms using the “Pay Later” option would be discontinued on December 28, 2022, at 12:00 AM. The stakeholders are required to pay for these forms in V2 online (via credit/debit card or net banking).


(5) Due to the upcoming release of 56 company forms, the V3 portal will be unavailable from January 7 at 12:00 AM to January 8 at 11:59 PM for the roll-out of 10 company forms, and from January 21 to 22, 2023, for the roll-out of 46 company forms.


(6) The V2 Portal for company filing will continue to be available for all forms except the 56 mentioned above.


Source: MCA Circular


LIST OF 10 COMPANY FORMS TO BE ROLLED OUT ON 09 Jan 2023






Sl. No.
Form Number
Form Name




1
SPICe+ PART A
Application for reservation of name for new company incorporation




2
RUN
Application for change of name of existing company




3
SPIce+ PART B
Integrated Company Incorporation Application




4
AGILE PRO S
Application for Goods and services tax Identification number , employees state Insurance corporation registration pLus Employees provident fund organisation registration, Profession tax Registration, Opening of bank account and Shops and Establishment Registration




5
e-AOA[INC-34]
Articles of Association




6
e-MOA[INC-13]
Memorandum of Association




7
e-MOA[INC-31]
Articles of Association




8
e-MOA[INC-33]
Memorandum of Association




9
INC-9
Declaration by Subscribers and First Directors




10
URC-1
Application by a company for registration under section 366






LIST OF 46 COMPANY FORMS TO BE ROLLED OUT ON 23rd Jan 2023






Sl. No.
Form Number
Form Name




1
DIR-12
Particulars of appointment of directors and the key managerial personnel and the changes among them




2
DIR-11
Notice of resignation of a director to the Registrar




3
DIR-3
Application for allotment of Director Identification Number




4
DIR-3C
Intimation of Director Identification Number by the company to the Registrar DIN services




5
DIR-5
Application for surrender of Director Identification Number




6
DIR-6
Intimation of change in particulars of Director to be given to the Central Government




7
INC-12
Application for grant of License to an existing company under section 8




8
INC-18
Application to Regional Director for conversion of section 8 company into any other kind of company










Sl. No.
Form Number
Form Name




9
INC-20
Intimation to Registrar of revocation of license issued under section 8




10
INC-20A
Declaration for commencement of business




11
INC-22
Notice of situation or change of situation of registered office




12
INC-23
Application to the 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 State











13
INC-24
Application for approval of Central Government for change of name




14
INC-27
Conversion of public company into private company or private company into public company or Conversion of Unlimited Liability Company into Limited Liability Company




15
INC-28
Notice of Order of the Court or any other competent authority




16
INC-4
One Person Company – Change in Member/ Nominee




17
INC-6
One Person Company – Conversion form




18
MGT-14
Filing of Resolutions and agreements to the Registrar under section 117




19
MR-1
Return of appointment of managing director or whole time director or manager




20
MR-2
Form of application to the Central Government for approval of appointment or reappointment and remuneration or increase in remuneration or waiver for excess or over payment to managing director or whole time director or manager and commission or remuneration to directors




21
NDH-4
Form for filing application for declaration as Nidhi Company or updation of status by Nidhis.




22
PAS-3
Return of Allotment










Sl. No.
Form Number
Form Name




23
SH-7
Notice to Registrar of any alteration of share capital




24
SH-11
Return in respect of buy-back of securities




25
SH-8
Letter of Offer




26
SH-9
Declaration of Solvency




27
NDH-1
Return of Statutory Compliances




28
NDH-2
Application for extension of time




29
NDH-3
Return of Nidhi Company for the half year ended




30
GNL-3
Particulars of person(s) charged for the purpose of sub-clause (iii) or (iv) of clause 60 of section 2




31
PAS-6
Reconciliation of Share Capital Audit Report (Half-yearly)




32
MGT-3
Notice of situation or change of situation or discontinuation of situation, of place where foreign register shall be kept




33
PAS-2
Information Memorandum




34
DIR-9
Report by the company to Registrar for disqualification of Directors




35
DIR-10
Application for removal of Disqualification of Directors




36
AOC-5
Notice of address at which books of account are maintained




37
FC-1
Information to be filed by foreign company




38
FC-2
Return of alteration in the documents filed for registration by foreign company




39
FC-3
Annual accounts along with the list of all principal places of business in India established by foreign company




40
FC-4
Annual Return of a Foreign company




41
GNL-2
Form for submission of documents with the Registrar




42
GNL-4
Addendum to form




43
MSC-1
Application to ROC for obtaining the status of dormant company




44
MSC-3
Return of dormant companies




45
MSC-4
Application for seeking status of active company




46
RD-1
Form for filing application to Regional Director






Stakeholders are advised by MCA to plan accordingly.