Jsvp and Co Chartered Accountants

28/12/2021

We need eligible candidates for job in our firm for handling GST,Preparation of financial statements and other related works
Please contact 9999180806

02/04/2020

Hello Everyone,

During these difficult times, JSVP & Co. is working day and night in order to keep our family updated and well informed. We are making sure that your financial and legal well being is taken care of.

This is to particularly inform you regarding a note-worthy development.

As of 24.03.2020, the MCA has issued a notification specifying that the minimum amount of default for the purpose of Insolvency and Liquidation of Corporate Debtors under section 4 of the Code, 2016 is Rs. 1,00,00,000/- (Rupees One Crore) instead of Rs. 1,00,000/- (Rupees One Lakh).

For any other queries, you may contact us anytime via email/whatsapp/phone. We would be happy to help!

PFA a copy of the notification dated 24.03.2020

Legal Head
Mallika Bhatia Arora, Adv
BBA LLB, LLM(Corporate Law)
JSVP & Co.
0129-4031444
+91-9873687806

02/04/2020

Hello Everyone,

During these difficult times, we here at JSVP & Co. have taken up this endeavour to keep our family well informed about all the latest Legal and Financial updates, which would help us all to be ready when the Country is up and running once again. We assure you that in the meanwhile your financial and Legal well-being is taken care of.

This is particularly inform you all regarding a note-worthy development which all should keep in mind, specially those who are owners of any kind of establishments (Companies or LLP)

I. No additional fee shall be charged for late filing, in respect of any document, return statement etc. required to be filed in the MCA-21 registry, irrespective of its due date, which will not only reduce compliance burden, financial burden but also enable long standing non-compliant companies/LLP's to make a fresh start.

II. The mandatory requirement of holding meetings of the Board of the companies within intervals of 120 days (as per Section 173 of the Companies act) stands extended by a period of 60 days till next two quarters i.e. till 30.09.2020. Additionally, as a one time relaxation the gap between two consecutive meetings of the Board may extend to 180 days till the next two quarters.

III. The Companies (Auditor's report) Order, 2020 shall be made applicable from the FY 2020-2021 instead of being applicable from the FY 2019-2020.

IV. Independent directors, who were required to hold at least one meeting without the attendance of Non-Independent directors and members of managements, are not mandatorily obligated to do so for the FY 2019-2020. The ID's however may share their views amongst themselves through telephone or email, or any other mode of communication.

V. The requirement to create the deposit repayment reserve of 20% of deposits maturing during the FY 2020-2021 before 30.04.2020 shall be allowed to be complied with till 30.06.2020.

VI. The requirement to invest or deposit at least 15% of amount of debentures maturing before 30.04.2020, may be complied with till 30.06.2020.

VII. The requirement of Newly Incorporated companies to file a declaration for Commencement of Business within 180 days of Incorporation has been relaxed and a further period of 180 days has been granted for the same.

VIII. The requirement of at least one director of a company to have a minimum residency of 182 days has been relaxed for the FY 2019-2020

For any clarifications regarding the above stated, please contact via email/whatsapp/phone
PFA a copy of the circular dated 24.03.2020.

Mallika Bhatia Arora, Adv
BBA LLB, LLM (Corporate laws)
Legal Head
JSVP & Co.
0129-4031444
+91-9873687806

02/04/2020

Hello Everyone,

As we all are facing difficulties due to the COVID outbreak, we here at JSVP & CO. are working day and night to ensure your financial and legal well being.

This is to particularly inform you all regarding a recent and note-worthy development in the past few days.
COVID-19 has been declared a Natural Calamity by the Ministry of Finance, Government of India and if at all any shipment/cargo/import/export is stuck due to the same, the "FORCE MAJEURE" Clause can be invoked, in order to make good our losses.

The "FORCE MAJEURE" means extraordinary events or circumstances beyond human control such as an event described as an act of God or events such as war, riots, strike etc. A FM Clause in the contract frees both parties from contractual liability or obligation when prevented by such events from fulfilling obligations under the contract. The FM clause will not excuse the performance entirely, but would suspend the performance for the duration of the Natural/man-made calamity.

For any other queries, you may contact us anytime via email/whatsapp/phone.
PFA a copy of the notification dated 19.02.2020

Legal Head
Mallika Bhatia Arora, Adv
BBA LLB, LLM (Corporate Law)
JSVP & CO.
0129 4031444
+91-9873687806

04/06/2018

In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab.

29/05/2017

27/05/2017

20/05/2015

Thanks for the likes

07/03/2015

The last date to pay advance Tax for the financial year ending 31st March 2015 is 15th march 2015