Whether Microfinance company registered under Section 8 ? if yes, ROC not approving RUN name reservation form due to words like "Micro Benefit/Micro Credit / Micro finance " include in main object clause.

As per RBI Circular stated that Micro Finance Companies Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company which is Circular no. RBI/2015-16/15 DNBR (PD) CC.No.052/03.10.119/2015-16 dated July 1, 2015 (a)engaged in micro financing activities, providing credit not exceeding Rs. 50,000 for a business enterprise and Rs. 1,25,000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living; and (b) licensed under Section 25 of the Companies Act, 1956; and (c)not accepting public deposits as defined in paragraph 2(1) (xii) of Notification No. 118 /DG (SPT)-98 dated January 31, 1998.

Please clarify whether Section 8 Company Can do microfinance business within prescribed limits ?


Please help in this matter. Thanks

Dear Sir,

If a father wants to Gift an amount to an unmarried daughter both in India of around Rs. 30 lacs, will that be taxable. Will there any Gift tax on it.

Please help me in this matter.

Regards,
Divyesh Jain

Hi

Is anybody can share internal audit check list for Jewellery trading company?

Thanks in advance.

Hi,

I am trying to upload to OPC registration forms but once i upload documents in linked e forms, fees is not showing in MCA. if i click on finish button it says your reuest couldnot be processed. There has been an internal application error.

can someone tell me what could be resolution for the above issue?

Hello,

I was trying to update UDIN for my clients in income tax site. I updated most UDINS, however, I received an error for two clients stating "UDIN updation for this form failed. Please provide a valid UDIN."

I checked the UDIN status and it shows "Active".

If anyone is aware on how to resolve this, please help out.

Thank you

Actually electrical scooter purchased for the purpose of business only but the bill is in the name of partner and paid through the firm's account only.
As it is a electrical vehicle there is no required to register with RTA only have invoice.
my question is can i book as an asset in firm's books of accounts or not?

please help me and thanks in advance

how much stamp duty to be paid on affidavit and indemnity bond for strike off of llp in Delhi?

Dear sir/madam

What is the turnover limit for GSTR-9 from FY 2021-22 onwards, is mandatory and optional

HI
HOW MUCH TDS DEDUCTED IN 3D VIEW ANIMATION SLIDING SHOW BILL
BILL RS, 2,00000/- WHICH SECTION
ITS 2% TDS OR 10% GIVEN BILL IT PROFESSIONAL CHARGES

Sir,

I have filed GSTR-1 for the month of March 2022 on 11-04-2022 (within due date). But accidently two B2B invoices were omitted to upload in the GSTR-1 because E-invoice was not generated in respect of that two bill due to some network error. How can I correct my mistake in GSTR-1 for the month of March-2022. Amendment in GSTR-1 can be filed in the subsequent month return, in my case whether amendments are possible.