Day: December 6, 2019

Commerce & Industry Minister to Inaugurate National Public Procurement Conclave

201 ViewsMinistry of Commerce & Industry The 3rd edition of National Public Procurement Conclave (NPPC) is being organised by Government e-Marketplace (GeM) in association with Confederation of Indian Industry (CII) on 5-6 December 2019 in New Delhi. The conclave will be inaugurated by Union Minister of Commerce & Industry and Railways, Piyush Goyal. It will …

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Regulation of E-Commerce Companies

6,195 ViewsMinistry of Commerce & Industry There is no distinction between the taxation regimes of Indian and foreign e-commerce companies as such, however the taxation regimes applicable to domestic companies and foreign companies differ. The income of domestic companies is taxed at the rate of 30% plus surcharge and cess however the Finance (No.2) Act, …

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MCA deactivates 19,40,313 Director Identification Numbers

293 ViewsMinistry of Corporate Affairs The Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to non-filing of Know Your Client  (KYC), as on 28.11.2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question …

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