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Finance Facts: June 2018
Commerce

KYC of All Directors

June 30, 2018
KYC of all Directors to be done again by MCA As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be mandatorily required to...

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National Anti-Profiteering Authority (NAA)

June 06, 2018
The Government has approved the constitution of a National Anti-Profiteering Authority (NAA) – the institutional mechanism under the GST law to check the unfair profit-making activities by the trading community. Union Cabinet chaired by the PM decided for the appointment of a Chairman and Technical Members of the Authority. Functions of the Authority The relevance of the National Anti-Profiteering Authority (NAA) is simply...

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