RBI Introduce additional settlement batches in National Electronic Funds Transfer (NEFT) System

Image result for RBIThe Reserve Bank of India in its First Bi-monthly Monetary Policy Statement for 2017-18 has announced the introduction of additional settlements in the NEFT system to enhance the efficiency and add to customer convenience. The additional 11 settlements at half-hour intervals will be introduced with effect from July 10, 2017 (Monday) at 8.30 am, 9.30 am, 10.30 am ………….5.30 pm and 6.30 pm, taking the total number of half hourly settlement batches during the day to 23. The starting batch at 8.00 am and closing batch at 7.00 pm shall remain the same as hitherto. The return discipline shall also remain the same i.e., B+2 hours (settlement batch time plus two hours) as per extant practice.

Click here to view press release.

GST RATE SCHEDULE FOR GOODS

GST RATE SCHEDULE FOR GOODS

[As per discussions in the GST Council Meeting held on 18thMay, 2017]

Image result for gst ratesThe fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.

GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods.

Click here to download GST-Rates For Goods

VPP Scam – Company Registration & DIN Allotment

Image result for scamHello everyone, Trust all of you doing extremely well in your life. Today I would like to inform you about VPP scam. The VPP scam is now common for all young or new entrepreneurs.  

Story – When you registered a company or just applied for DIN and there comes a postman with VPP parcel, that seems to be sent through Ministry of Corporate Affairs (MCA), at your door steps and asks for Rs 1900 for delivering the packet as it is Value Payable Post. You in joy, that you have received the certificates from MCA after application of Company Registration in India, gives Rs 1900 to the post man and receives the packet. Now you are enthusiastically opening the packet. Bingo there is the Scam !! The VPP Scam !!

Why this is scam – This is scam because we purchased useless material and paid Rs 1900/-. We think that Ministry of Corporate Affairs (MCA) sent parcel to us and it is very important for us but truth is opposite. Its a scam. 

Various fraud companies including certain publishing houses, extract this information of such newly registered company from MCA. They send various books, journals, copy of registration certificate or may be some useless papers etc. to the newly registered addresses of new companies through VPP i.e. they instruct the Posts to get the charge while delivering the item like COD (Cash on Delivery).

When it started – As per our analysis this scam started since 2011. 

Reason – The entrepreneurs who want to get their Company/LLP registered provide all their information to the Ministry of Corporate Affairs. Now, this information gets public and all details are available to the people about the new companies being registered.

Solution 

  • Share this post on social media because your small efforts may enhance knowledge of young and new entrepreneur reading this scam.
  • Inform to your family members that you not order any parcel and not pay any amount before your confirmation. 
  • If by mistake you paid then raise a complaint against such publication house and aware to your circle about such scam. 

CS Sukhwinder Singh | 9999939069

Word Format of TM – M (Trademark Application/ Opposition/Rectification)

Image result for TrademarkHello everyone,

Hope all of you enjoying our updates. Today we would like to share word format of Trademark – M. Hope it will helpful for you.

TM – M  is used for :-

  • Application
  • Opposition
  • Rectification

    This form is divided into three Parts i.e. A, B & C. Part A and C are required to be filled compulsorily. Part B is further divided into several subcategories and the same is required to be chosen by the applicant as per requirement and be filled accordingly. [Note: One form is meant for one request only. Different forms should be submitted for different requests. In case more than one request is claimed in one form the first one will be entertained and rest of the requests will be ignored.]

  • Government Fee Per Application – Rs 1000 (One Thousand Only)

Specimen

TM-M

The Trade Mark Act, 1999

Application/Request for any miscellaneous function in respect of a trademark Application/Opposition/Rectification under the Trade Marks Act

PART A

[applicants details]

1. Fee:  
Applicant or Registered Proprietor/Opponent/Third Party making Application/Request  
Name:  
Trading As:  
Address:  
  State:

Country:

Address for service:  
  State:

Country:

Mobile No:  
Email address:  
Email address:  
2.

 

 

Agent of Applicant or Registered Proprietor/Opponent/Third Party, as the case may be, (if any)-  
Name:  
Address:  
Mobile No.  
E-mail address:  
Nature of the Agent:  
Registration no.:  
3. Request/Application in the matter of  
Application/Opposition/Rectification no. Reference No.  
Additional Reference, if required    
PART B

PURPOSE OF REQUEST

[application column required to be ticked as filled in]

a. For correction of clerical error or for amendment under rule 37  
Details of corrections  
b. Statement of grounds of Registrar’s decision under rule 36  
Hearing Date  
Order No. and Date  
c. For certificate of the Registrar or certified true copy of a document under rule 122  
If request is for EXPEDITED certificate YES or NO
Details of certified true required  
No. of copies of document required  
d. For particulars of advertisement of a trade mark under rule 41  
e. Request for Review of Registrar’s decision  
Hearing Date  
Order No. and Date  
f. Request for extension of time under rule 109  
Reason for extension of time period Period of extension of time period
g. Preliminary Advice about the distinctiveness of the trademark, U/S 133 Mark to be entered/pasted here
h. Request of expedited examination of an application under rule 34  
Declaration of reason for expedited examination  
i. Division of an Application under rule 108  
Class to be divided  
Trademark(s) (in case of series marks) to be divided  
j. Request for duplicate Registration Certificate under rule 56(3)  
k. Request for inclusion of Trademark in the list of well-known Trademarks Registration Certificate under rule 124 Representation of the mark

(paste here)

 
Is requested mark is registered with Trademark Registry, India – if yes (details thereof)    
l. Request for the Inspection of the document under rule 121 Purpose Fee in Rs.
m. Amendment of regulation for governing the use of a collective trademark or a certification trademarks under section 66 Purpose Fee in Rs.
n. A request to enter in the register and advertise a note of certificate of validity, under rule 127 Purpose Fee in Rs.
o. On Petition (not otherwise charged) for obtaining Registrar’s order for any interlocutory matter in a contesting proceedings Purpose Fee in Rs.
p. For payment of Misc. fees(s) for other purpose(s) apart from above Purpose Fee in Rs.
q. Regulation for governing the use of a collective trademark or a certification trademarks    
Copy of the draft regulation should be attached    
r. For submitting Authorization of agent under rule 19    
[the copy of the power of attorney must be attached]    
PART C

[Detail of the person submitting the application/request and details of documents submitted]

a.

 

 

 

 

 

Detail of the person submitting the Application:  
Signature:  
Name:  
Authority:  
b. List of documents attached, if any  

Click here to download word format of TM-M.

 

Last chance to file missing Annual Returns – FCRA

Image result for fcraThe Centre has given one final opportunity to all non-governmental organisations (NGOs), which had applied for renewal of their registration under the Foreign Contribution (Regulation) Act, 2010 (FCRA) but had not uploaded their annual returns from financial year 2010-11 to 2014-15, to do so.

Image result for fcra return“All such NGOs can upload their missing Annual Returns along with the requisite documents within a period of 30 days, starting from May 15, 2017 to June 14, 2017. Further no compounding fee will be imposed on them for late filing of Annual Returns during this period,” the home ministry said in a statement.

The ministry also added that the registration under FCRA would not be renewed unless the annual returns were uploaded by the NGOs.

Click here – List of NGO’s With Annual Return Filing Status

E-stamping mandatory for non-judicial stamp paper in Haryana

The Government of Haryana was made e-stamping mandatory for non-judicial stamp paper for all denomination in the entire State of Haryana. Now, the Government has decided that Treasuries/ sub- Treasuries will issue physical non judicial stamp paper and Special Adhesive Stamps (SAS) of small denomination upto Rupees 100/- to the stamp vendors with effect from 1st May, 2017. This would enable the stamp vendors to sell these papers/ stamp to general public.

Payment Methods on egrashry.nic.in

1. Online Payment through Payment Aggregator on E-GRAS portal
Payment aggregator service is already running on E-GRAS portal through Punjab National Bank, IDBI Bank and State Bank of India. These banks will not charge any fee for the purpose of collection of Government receipts through netbanking on E-GRAS portal.

However in case of making payments through credit or debit cards following would be the extra charges, exclusive of all taxes, charges & levies which will be automatically deducted along the payment to be made.

Card Type Charges
Debit Card 0.70% for up to Rs. 2000/-, 0.73% for above Rs. 2000/-
Credit Card 0.90%

Online stamp papers can be generated through e-Stamping immediately after the successful payment.

2. Manual Payment through E-GRAS Challan
The candidates can also make payments through demand draft or cash to any of the bank branches of SBI, IDBI, SBOP, PNB, CBI and concerned treasury bank branch. To make the offline manual payment, the person needs to generate the requisite challan from egrashry.nic.in and then he/she can generate the online stamp paper immediately after the successful manual payment.

Immediately after successful payments through any of the methods, the depositors can generate stamp papers online through egrashry.nic.in and then seek registration from the Revenue Authority by using HARIS portal. The revenue authority after verifying the payment through E-GRAS system shall register the document and the system will automatically deface the e-Stamp and corresponding Government Receipt Number (GRN) online to avoid duplicity.

Refund of Unused Stamp Papers
The citizens can also apply for the refund of their unused stamp papers on the same E-GRAS portal at egrashry.nic.in by filling the required information through the prescribed form available on the website. Upon verification, the amount will be transferred to the bank account of the payee’s through NEFT/RTGS modes.

The detailed instructions about the notification are available on the official website of Finance Department of Haryana at http://finhry.gov.in

Now you have to submit Statutory Returns (SLR-Form VIII) in XBRL Mode – RBI

Image result for RBIHello everyone, Hope all of you enjoying our updates. RBI on May 11, 2017 issue a notification in this regard. As per notification SLR-Form VIII must be submitted in XBRL format from April 2017.

RBI/2016-17/302
Ref: DBR.CO.No.Ret.BC/66/12.07.144/2016-17

May 11, 2017

The Chairperson
All RRBs

Madam/Dear Sir,

Submission of Statutory returns (SLR-Form VIII) in XBRL platform

It has been decided to move the reporting of SLR from PCRPCD to XBRL (Extensible Business Reporting Language) platform. You are therefore advised to submit the returns (Form VIII) in XBRL from the month of April 2017.

Yours faithfully,

(S K Kar)
Chief General Manager