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Information contained herein are only for reference purposes and are based on the information publicly available as on the date of this publication. The author takes no responsibility for its reliability and accuracy. It is advised to take appropriate legal/professional advice before undertaking any business activity or otherwise based on it.

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No mandatory requirement of minimum public shareholding in case of Listed PSUs

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The Ministry of Finance via  Notification dated 30th July 2021 has published the Securities Contracts (Regulation) (Second Amendment) Rules, 2021 to further amend the Securities Contracts (Regulation) Rules, 1957. The Amendment is brought under Rule 19A which provides for maintenance of minimum public shareholding and its attainment within a specified period. These provisions can be summed up as under: Every listed company (other than public sector Company) shall maintain public shareholding of at least twenty five percent. Any listed company which has public shareholding below twenty five per cent, shall increase its public shareholding to at least twenty five per cent, within a period of three years from the date of such commencement, in the manner specified by the Securities and Exchange Board of India. A company whose securities have been listed pursuant to an offer and allotment made to public, shall maintain minimum twenty five per cent of public shareholding. Where the publ...
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CBDT again extend due dates of electronic filing of various forms

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The Central Board of Direct Taxes again via Circular No. 16/2021 dated 29th August 2021  has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders. The deadline for electronic filing has been extended for the following forms: Particulars Original due date /   Extended Due date Extended due date v ia Circular No. 16/2021 dt. 29th August 2021 The application under Section 10(23C), 12AB, 35(1)(ii)/ (iia)/ (iii) and 80G of the Act in Form No. 10A for registration/ provisional registration/ intimation/ Approval/ provisional approval of Trusts/ Institutions/ Research Associations etc. 31 st August 2021  extended via  Circular No. 15/ 2021 dt. 3rd August 2021 31 st March 2022 The application under Section 10(23C), 12AB, 35(1)(ii)/ (iia)/ (iii) and 80G of the Act in...
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CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961

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The Central Board of Direct Taxes on 3rd August 2021 has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders. The deadline for electronic filing has been extended for the following forms: Original / Extended Due date Extended due date via  Circular No. 15/ 2021 dt. 3rd August 2021 The  Quarterly Statement in Form No. 15CC  to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021 31 st  July 2021  extended via  Circular No. 12/2021 dt 25th June 2021 31 st  Aug., 2021 The Equalization Levy Statement in  Form No. 1  for the Financial Year 2020- 21 31 st  July 2021  extended via  Circular No. 12/2021 dt 25th June 2021 31 st  Aug., 2021 ...
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