#CorporateUpdates SEBI SEBI Board Meeting has announced amendments to Credit Rating Agencies Regulations, Issuance of refund orders/allotment letters/share certificates through electronic mode under SEBI (Issue of Capital and Disclosure Requirements Regulations), 2009; Norms for Shareholding and Governance in Mutual Funds MCA Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the Code. MCA notifies Condonation of Delay Scheme, 2018 TAXATION Extension of date for filing return in FORM GSTR-1 The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018. GST E-Way Bill Rules Are Applicable From 1st February, 2018 Government Waives Late Fee for Delay in Furnishing GSTR-4 Company website- www.acquisory.com

1. January 1-2, 2018
CORPORATE
SEBI
SEBI Board Meeting
SEBI at its Board Meeting held on 28th
December, 2017 had discussed some crucial
issues, including Amendments to the SEBI
(Credit Rating Agencies) Regulations, 1999
and SEBI (Listing Obligations and Disclosure
Requirements), 2015; Additional methods
for listed entities to achieve minimum public
shareholding (MPS) requirements; Issuance
of refund orders/allotment letters/share
certificates through electronic mode under
SEBI (Issue of Capital and Disclosure
Requirements Regulations), 2009; Norms for
Shareholding and Governance in Mutual
Funds; Proposed framework for listing of
Security Receipts issued by ARCs under SEBI
(Public Offer and Listing of Securitised Debt
Instruments) Regulations, 2008;
Amendments to the SEBI (Infrastructure
Investment Trusts) Regulations, 2014 and
SEBI (Real Estate Investment Trusts)
Regulations, 2014; Easing of Access Norms
for Investment by Foreign Portfolio Investors
(FPIs); Consultation Paper for "Amendments
to the SEBI (Investment Advisers)
Regulations, 2013 and Fees Payable by Stock
Brokers Trading in "Options" in Commodity
Derivatives.
https://www.sebi.gov.in/media/press-
releases/dec-2017/sebi-board-
meeting_37183.html
MCA
Rajya Sabha Passes Insolvency and
Bankruptcy Code Amendment Bill
Rajya Sabha has passed the Insolvency and
Bankruptcy Code (Amendment) Bill, 2017,
which bars unscrupulous persons from
misusing the provisions of the Code.
The Bill prohibits certain persons from
submitting a resolution plan in case of
defaults. These include: (i) wilful defaulters,
(ii) promoters or management of the
company if it has an outstanding non-
performing debt for over a year, and (iii)
disqualified directors, among others.
Further, it bars the sale of property of a
defaulter to such persons during liquidation.
MCA notifies Condonation of Delay Scheme,
2018
MCA vide Circular dated 29th December,
2017 has issued Condonation of Delay
Scheme, 2018 w.r.t. giving an opportunity
for the non-compliant, defaulting companies
to rectify the default, in exercise of its
powers conferred under sections 403, 459
and 460 of the Companies Act, 2013. The
scheme shall come into force with effect
from 01.01.2018 and shall remain in force up
to 31.03.2018.
http://www.mca.gov.in/Ministry/pdf/Gen
eralcircular16_29122017.pdf

2. January 1-2, 2018
TAXATION
Extension of date for filing return in FORM
GSTR-1
The last date for filing of return in FORM
GSTR-1 for all taxpayers for the relevant
periods, as shown in the Table below, has
been extended to 10th January, 2018.
Class of
Taxpayer
Return Previous
last date
Revised
last date
Registered
persons
having
Aggregate
turnover of
up to 1.5
crore rupees
in the
preceding
financial
year or the
current
financial
year
Quarterl
y return
in FORM
GSTR-1
for July
–
Septem
ber,
2017
31st
Decembe
r, 2017
10th
January,
2018
Registered
persons
having
aggregate
turnover of
more than
1.5 crore
rupees in
the
preceding
financial
year or the
current
financial
year
Monthly
returns
in FORM
GSTR-1
for July-
October
, 2017
31st
Decembe
r, 2017
10th
January,
2018
Government Notifies Due Dates for Filing
GST Returns (Aggregate Turnover of Upto
Rs. 1.5 Crore)
Government has notified the last dates for
filing returns under GST regime. Registered
persons having aggregate turnover of upto
1.5 crore rupees shall file monthly return in
form GSTR-1 for the period July-Sep, 17
before 10 Jan, 18; for Oct-Dec, 17 before 15
Feb, 18; Jan-March, 18 before 30 April, 18.
Government Notifies Due Dates for Filing
GST Returns (Aggregate Turnover More
Than Rs. 1.5 Crore)
Last dates for filing GST returns for persons
having aggregate turnover of more than 1.5
crore rupees shall file monthly return in form
GSTR-1 for the period July-Nov, 17 before 10
Jan 2018; for Dec, 17 before 10 Feb 2018; for
Jan, 18 before 10 Mar 2018; for Feb, 18
before 10, April 2018; for Mar, 18 before 10
May 2018.
GST E-Way Bill Rules Are Applicable From
1st February
Central Government has notified 1st
February 2018 as due date for implementing
E-Way Bill Rules under the Goods and
Services Tax (GST) regime.
Government Waives Late Fee for Delay in
Furnishing GSTR-4
Central Government has waived the late fee
payable u/s 47 of the CGST Act, by any
registered person for failure to furnish the
return in FORM GSTR-4 by the due date,
which is in excess of an amount of twenty
five rupees for every day during which such
failure continues.

3. January 1-2, 2018
Government Notifies CGST (Fourteenth
Amendment) Rules, 2017
Government has notified Central Goods and
Services Tax (Fourteenth Amendment)
Rules, 2017, according to which Unique
Identity Number in accordance with the
provisions of Section 25(9) granted to a
person on registering with the GST shall be
applicable to the territory of India.
Lok Sabha Passes GST (Compensation to
States) Amendment Bill 2017
Lok Sabha has passed Goods and Services
Tax (Compensation to States) Amendment
Bill 2017. The bill seeks to increase maximum
rate at which Compensation Cess can be
levied from 15 to 25% on motor vehicles for
transport of not more than 13 persons,
including the driver.
Cessation of 8 % GOI Savings (Taxable)
Bonds, 2003 with effect from the close of
banking business on Tuesday, the 02nd
January, 2018.
The Government of India (GoI) vide Press
Release dated 1st January, 2018 has
announced that 8% GOI Savings (Taxable)
Bonds, 2003 shall cease for subscription with
effect from the close of banking business on
Tuesday, the 02nd January, 2018.
For any query: Contact – Sunaina Jhingan
Email – Sunaina.jhingan@acquisory.com