MCA extends last date of filing of Form PAS-6 under Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014

  • MCA extends last date of filing of Form PAS-6 under Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 without additional fees for the half year ended on 30-09-2019 will be 60 days from the date of deployment of the form on the website by the Ministry of Corporate Affairs.

SEBI issues a notification on Framework for issuance of Depository Receipts vide notification SEBI/HO/MRD2/DCAP/CIR/P/2019/146 dated 28.11.2019.

  • SEBI vide notification SEBI/HO/MRD2/DCAP/CIR/P/2019/146 dated 28.11.2019 issues a notification on Framework for issuance of Depository Receipts as follows:
    • A Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction.
    • 'Permissible Jurisdiction' shall mean jurisdictions as may be notified by the Central Government from time to time, pursuant to notification no. G.S.R. 669(E) dated September 18, 2019 in respect of sub-rule 1 of rule 9 of Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, and 'International Exchanges' shall mean exchanges as may be notified by SEBI from time to time.'
  • In this regard, the Central Government vide notification dated November 28, 2019, has notified the list of Permissible Jurisdictions as follows:
    • United States of America - NASDAQ, NYSE
    • Japan - Tokyo Stock Exchange
    • South Korea - Korea Exchange Inc.
    • United Kingdom excluding British Overseas Territories- London Stock Exchange
    • France - Euronext Paris
    • Germany - Frankfurt Stock Exchange
    • Canada - Toronto Stock Exchange
    • International Financial Services Centre in India - India International Exchange,
    • NSE International Exchange
  • Further the Circular advises Stock Exchanges and Depositories to:
    1. Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above circular; and
    2. Bring the provisions of this circular to the notice of the issuers, domestic custodians and also to disseminate the same on the website.

Filing of GSTR-3B extended for registered persons in J & K for the period July-October 2019 till Nov 30, 2019

  • CBIC has extended the due date of filing GSTR-3B by registered persons whose principal place of business is in the State of Jammu & Kashmir, for each of the months from July 2019 to October 2019 till November 30, 2019.
  • In exercise of the powers conferred by Section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, made the following amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.29/2019 – Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i).
  • First paragraph, for the fourth proviso, the following proviso substituted as
  • "Provided also that the return in FORM GSTR-3B of the said rules for the months of July to September 2019 for registered persons whose principal place of business is in the State of Jammu and Kashmir, shall be furnished electronically through the common portal, on or before the 30th November 2019."

Originally published November 30, 2019

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