Penal Provisions of Unpaid Dividend & Valuation by Registered valuers starts from 24.03.2021

Penal Provisions related to Unpaid Dividend and Valuation by Registered valuers under Companies Amendment Act 2020 to commence from  24.03.2021

Government of  India
Ministry of Corporate Affairs

Notification

New Delhi, the 24th March, 2021

S.O.           (E).– In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby  appoints the 24th March, 2021 as the date on which  the provisions of section 23 and section 45 of the said Act shall come into force.

File No. 1/3/2020-CL.I

KVR Murty
Joint Secretary to the Government of India

• Form 26 to replace Form 3CD of tax audit report by a CA from Tax Year 2026-27
• When no addition is made on the basis of reasons recorded, reopening is bad in law
• No separate compensation for loss of love and affection under MV Act – SC
• Trust accredited by National Open School eligible for registration u/s 12AB & u/s 80G
• Delay in furnishing Form 10B – Covid Period to be excluded as per decision of Supreme Court