ComComComppplililianceanceance · The Finance Act, 1994 read with The Service Tax Rules, 1994...

COMPANY LAW

TAX

CENTRAL EXCISE ACT

ECONOMIC , INDUSTRIAL

& LABOUR LAW

RBI (NBFC)

FINANCE ACT

& SERVICE TAX

SEBI

THE MAHARASHTRA

STATE TAX

INCOME TAX

IRDA

ComplianceComplianceComplianceCalender

Content

Compliance For The Month Of January 1

Compliance For The Month Of February 6

Compliance For The Month Of March 11

Compliance For The Month Of April 15

Compliance For The Month Of May 21

Compliance For The Month Of June 25

Compliance For The Month Of August 30

Compliance For The Month Of September 34

Compliance For The Month Of October 38

Compliance For The Month Of November 43

COMPLIANCE FOR THE MONTH OF

JANUARY

Sr. No

Things you need to do Sections / Rules / Clauses prescribing the activities to be done

Acts / Regulations / Circulars under which the Sections / Rules/ Clauses is covered

Due Date before which you need to comply the activity

You need to submit this to

TAX RELATED COMPLIANCES

CENTRAL EXCISE ACT RELATED COMPLIANCE

1 Pay excise duty on the goods removed from the factory or warehouse for the previous month

Rule 8(1) Central Excise Rules, 2002 January 5 Excise Authorities

2 Pay excise duty on the goods removed from the factory or warehouse for the previous month(E- payment)

Rule 8(1) Central Excise Rules, 2002 January 6 Excise Authorities

3 Submit monthly Central Excise E.R.1 Return (E.R. 2 return for 100% EOU / units in FTZ / SEZ)

Rule 12 (1) / 17 (3) Central Excise Rules, 2002 January 10 Excise Authorities

4 Submit monthly return return by manufacturer of Final Product (N.A. for SSI)

Rule 9(7) CENVAT Credit Rules, 2004 January 10 Supritendent of Central Excise

5 Submit return containing information of principal input for the preceding month E.R.6

Rule 9A CENVAT Credit Rules, 2004 January 10 Supritendent of Central Excise

6 Submit monthly Return for availment of CENVAT Credit for preceding month in Form No. ER 11

Rule 9(7) & Rule 12

CENVAT Credit Rules, 2004 & Central Excise Rules, 2002

January 10 Supritendent of Central Excise

7 Submit monthly return for receipt of inputs & capital goods for the preceding month in Form No. E.R.2

Rule 9(7) & Rule 12

CENVAT Credit Rules, 2004 & Central Excise Rules, 2002

January 10 Supritendent of Central Excise

8 Deposit duty on goods cleared during a calendar month, where an assessee is availing of the exemption under a notifi cation based on the value of clearances of goods from factory or warehouse, in a Financial Year

Second Proviso to Rule 8(1)

Central Excise Rules, 2002 January 15 Excise Authorities

9 Monthly payment of excise duty for the preceding month SSI Units

Rule 8 CENVAT Credit Rules, 2004 & Central Excise Rules, 2002

January 15 Excise Authorities

10 Monthly payment of excise duty for the preceding month SSI Units in (E-payment)


January 16 Excise Authorities

11 Deposit duty on goods cleared during a calendar month, where an assessee is availing of the exemption under a notifi cation based on the value of clearances of goods from factory or warehouse, in a Financial Year [E-payment


Central Excise Rules, 2002 January 16 Excise Authorities

12 Submit Central Excise Quarterly Retrun, Where an assessee is avaling of the examption under a notifi cation based on the value of clearances in a fi nancial year OR manufacturing processed yarn, specifi ed ready made garments (instead of submitting monthly return)

Rule 12(1) provision Central Excise Rules, 2002 January 20 Excise Authorities

13 Submit quaterly return where a manufacturer is availing exemption under a notifi cation based on value or quantity of clearances in a fi nancial year

Rule 9 (7) CENVAT Credit Rules, 2004 January 20 Excise Authorities

14 Quarterly Return f orrs tfi stage dealer and second stage dealer for the period October to December in Form No. ER -3

Rule 9(8) Cenvat Credit Rules, 2004 January 20 Supritendent of Central Excise

INCOME TAX RELATED COMPLIANCE

1 Deposit TDS from salaries for the previous month in Challan No. 281

Section 192 Income Tax Act, 1961 January 7 Designated Bank / Income Tax Authorities

2 Deposit TDS on interest on Securities, Dividends other than dividends referred to in Section 115O, Interest other than interest on Securities, Winnings from Lotteries & crossword puzzles, Winning from Horse Races

Section 193, Section 194 to Section 194BB

Income Tax Act, 1961 January 7 Designated Bank / Income Tax Authorities

1

3 Deposit TDS on Contractor's Bill / Rent Advertising / Professional Service Bill deducted in the previous month

Section 194C to Section 194H


4 Deposit TDS on payment to non-resident, Foreign company being holder of mutual fund units, Units held by an offshore fund, Income from foreign currency bond, Income of FIIs from securities

Section 195, Section 196 A to 196 D


5 Payment of Tax Collected at Source Section 206 Income Tax Act, 1961 January 7 Designated Bank / Income Tax Authorities

6 Payment of Securities Transaction Tax for the previous month (Challan No. ITNS 283)

Section 100 Income Tax Act,1961 January 7 Designated Bank / Income Tax Authorities

7 File TDS/TCS quaterly statements in Form 24Q/26Q/27Q for the months October to December

Section 192,193,194A,194B,194BB,194C,194D,194E,194EE,194G,194H.194I,194J,194LA and 195

Income Tax Act, 1961 January 15 Income Tax Authorities

8 Issue Annual TDS C ecratitfies in Form 16A to vendors (where monthly certifi cates not given)

Section 203 Income Tax Act, 1961 January 31 Income Tax Authorities

9 Banking company to furnish return of interest payment without TDS for quarter October to December in Form 27QAA

Section206A(1) & Rule 31AC

Income Tax Act, 1961 & Income Tax Rules, 1962

January 31 Income Tax Authorities

FINANCE ACT & SERVICE TAX RELATED COMPLIANCE

1 Pay Service tax collected during the previous month by persons other than individuals, propritors and partnership fi rms in G.A.R-7

Section 68 read with Rule 6

The Finance Act, 1994 read with The Service Tax Rules, 1994

January 5 Service Tax Authorities

2 Pay Service tax collected during the previous quarter by individuals, propritors and partnership fi rms in G.A.R-7




3 Pay Service tax collected during the previous month by persons other than individuals, proprietors and partnership fi rms in G.A.R-7 (E-payment)




THE MAHARASHTRA STATE TAX RELATED COMPLIANCE

1 Submit monthly/ quarterly return and payment of tax for the previous month/ quarter in Form 209 by Dealer to whom a certifi cate of Entitilement has been granted for availing incentives by way of exemption

Rule 18 The Maharashtra Value Added Tax Act, 2005 read with the Rules thereunder

January 1 Sales Tax Authorities

2 Submit monthly return and pay tax for the previous month (if tax liability durig the previous year exceeds Rs. 1 Lakh)

Rules 17 / 18 and 41 The Maharashtra Value Added Tax Act, 2005 read with the Rules thereunder


3 Submit half yearly return for the period July to December (if tax liability during previous year does not excced Rs. 36 thousand)

Rules 17 / 18 and 41 The Maharashtra Value Added Tax Act, 2005 read with the Rules thereunder


4 Submit quaterly return (if tax liability durig the previous year exceeds excceds Rs. 36 thousand but is upto Rs. 1 Lakh)

Rules 17 / 18 and 41 The Maharashtra Value Added Tax Act, 2005 and Rules thereunder


5 Submit monthly return of Professional Tax if tax liability is Rs. 20 thousand or more in Form No. III (Return-cum-challan)

Rule 11 (3) (c) The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 read with The Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975

January 31 Profession tax Authorities

6 Submit quartrly return if Professional tax liability of Rs.5 thousand or more but less than Rs. 20 thousand

Rule 11 (3) (b) The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 read with The Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975

January 31 Profession tax Authorities

2

7 Credit Professional Tax deducted in the previous month in Form III

Rule 17 The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 read with The Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975

Within 15 days of such deduction

Profession Tax Authorities

COMPANY LAW RELATED COMPLIANCES

1 Payment of monthly Provident Fund dues (Corporate) for previous month in prescribed challan

Section 418 Companies Act, 1956 January 15 (i) Post Offi ce Saving Bank Account or (ii) Special Account with SBI or any Scheduled Bank

ECONOMIC , INDUSTRIAL & LABOUR LAW RELATED COMPLIANCES

1 Pay monthly Provident Fund dues (non-corporate)

Paragraph 38 Employees’ Provident Funds Scheme, 1952

January 15 Provident Fund Authorities

2 File monthly return for employees leaving in form No. 10/ joining in form No. 5 during the previous month i.e.December

Pragraph 20(2) read with Paragraph 36(1) & (2)

The Employees Pension Scheme, 1995 (For exempted establisments under Employees Provident Fund and Misc. Provisions Act, 1952)

January 15 Provident Fund Commissioner

3 File monthly retun in Form no. 2(IF) of employees entilted for membership of Insurance Fund

Paragraph 10 The Employees Deposit Linked Insurance Scheme, 1976 (For exempted establisments under Employees Provident Fund and Misc. Provisions Act, 1952)


4 File monthly retun in Form no. 3(IF) for members of Insurance Fund leaving service during the previous month i.e.December



5 Make half yearly Contribution to Labour Welfare Fund dues

Section 6-BB Bombay Labour Welfare Fund Act, 1953

January 15 Mahrashtra Labour Welfare Board

6 File monthly return in Form no. F4(PS)of members joining service during the month



7 Make half - yearly contribution to Labour Welfare Fund

Section 6-BB Bombay Labour Welfare Fund Act, 1953

January 15 Maharashtra Labour Welfare Board

8 Notice of Change relate in respect of total number of employees qualifying for higher fees as prescribed in Schedule-II Within 15 days after the expiry of the quarter to which the changes take place and in respect of other changes in the original statement furnished within 30 days after the change has taken place in Form E

Rule 8 Shop & Establisment Act, 1947 January 15 (Within 15 days after the expiry of the quarter to changes take place )

Concerned registering

9 Pay ESI contribution for previous month i.e.December

Regulation 31 Employee State Insurance Act, 1948 Employees State Insurance (Gen) Regulations,

January 21 ESIC Authoruty

10 Submit monthly return of Provident Fund for the previous month in Form No. 12A


January 25 Provident Fund Commisioner

11 Submit return to the State Pollution Control Board regarding disposal of Hazardous Waste in Form 4

Rule 9(2) The Hazardous Waste (Management & Handling) Rules, 1989

January 31 State Pollution Control Board

3

12 Submit return regarding auction/ sale of waste /used oil/ waste oil to the State Pollution Control Board in Form 13

Rule 20 (5) The Hazardous Waste (Management & Handling) Rules, 1989

January 31 State Pollution Control Board

13 Submit an "Annual Report" for the preceding year to the Prescribed Authority in Form 11

Rule 10 The Bio Medical Waste (Management & Handling) Rules, 2000

January 31 Authority Prescribed by State Government under Rule 6

14 Submit return of declaration in Form 3 & 1-A Regulation 14 Employees State Insurance (General) Regulations, 1950

Within 10 days from the date of receiving the relevant papers

ESIC Authoruty

15 Issue Notice for payment of Gratuity and Notice for Inadmissible claim in Form L&M

Section 8 Payment of Gratuity Act, 1972 Within 15 days of receipt of application

Applicant employee or legal heir

RBI (NBFC) RELATED COMPLIANCES

1 File return of exposure of capital markets in Form NBS-6

Para 22 NBFC-D Prudential Norms Directions, 2007

January 7 RBI

2 File a monthly return in prescribed format (NBC-ND)

Circular No. DNBS (RID) CC No. 57/02.02.15/2005-06

Department of Non-Banking Supervision, RBI

January 7 RBI

3 File liquidity return in Form NBS-3 (by NBFC) Para 2 & 3 RBI (NBFC) Returns Specifi cations, 1997

January 15 RBI

4 Tleo afi quaterly return on frauds outstanding, if any, in Form FMR - 2 (NBFC)

Circular No. DNBS (PD) CC No. 59/03.10.42/2005-06


January 15 RBI

5 Submit a case wise progress report on frauds involving Rs. 1 Lakh and more, if any, in Form FMR-3 (NBFC)

Circular No. DNBS (PD) CC No. 59/03.10.42/2005-06


January 15 RBI

SEBI RELATED COMPLIANCES

1 Submit a quaterly report for grievancy of the benefi cial owners related to depository services

Regulation 53B read with NSDL Circular No. NSDL/JS/029/2003

SEBI (Depositories and participants) Regulations, 1996

January 7 Depositories

2 Submit quaterly c ecratitfie on demat / remat of shares during the previous quarter

Regulation 54(5) read with NSDL Circular No. NSDL/SG/015/99

SEBI (Depositories and participants) Regulations, 1996

January 7 Depositories

3 The asset management company shall submit to the trustees quarterly reports on its activities and the compliance with these regulations.

Regulation 25 SEBI (Mutual Funds) Regulations, 1996 amended 2000

January 15 (Tenative) Board / Stock Exchange

4 A quarterly portfolio statement, including changes from the previous periods, for each scheme.

Regulation 58 SEBI (Mutual Funds) Regulations, 1996 amended 2000

January 15 (Tenative) Board / Stock Exchange

5 Secreterial Audit Report of reconciliation of total admitted capital with depositories and total issued and listed capital for the previous quarter

SEBI Circular No. DFCC/FITPC/Cir-16/2002

Regulation 55 A of the SEBI (Depositories and Participants), Regulations, 1996

January 31 Stock Exchanges

6 Obtaining annual disclosure of shareholdings from Directors, Designated employees and their dependants

Regulation 13(3) SEBI(Prohibition of Insider Trading) Regulations, 1992

within 2 days of receipt of intimation of allotment or accquisition of shares

Compliance Offi cer of the Company

7 Quarterly C ecratitfie regarding paid up-listed- dematerialized share capital (Reconciliation Audit)

Regulation 55A SEBI (Depositories & Participants) Regulations, 1996

January 31 Stock Exchanges/NSDL/CDSL

8 Furnish Internal Audit report every quarter Rule10.3.1 of NSDL Bye-laws & Rule 16.3.1 of CDSL Bye-laws

NSDL/CDSL Bye-laws Upon end of the quarter NSDL/CDSL

LISTING AGREEMENT RELATED COMPLIANCES

1 Submit Quaterly Corporate Gvernance Compliance Certifi cate

Clause 49 (VI) (ii) Listing Agreeement January 15 Stock Exchanges

4

2 Submit shareholding pattern as at the end of previous quarter

Clause 35 Listing Agreeement January 21 Stock Exchanges

3 Intimate date of Board Meeting to consider quaterly results

Clause 41 Listing Agreement 7 Days in advance Stock Exchanges

4 Issue press release about Board Meeting to consider quaterly results

Clause 41 Listing Agreement Immediately on informing the Stock Exchange

One national newspaper and one regional newspaper

5 Announce Quaterly Results alongwith Limited Audit Review of the same by the Auditors

Clause 41 Listing Agreement Within 15 minutes of closure of Board Meeting in which the results are placed

Stock Exchanges

6 Publish Quarterly Results Clause 41 Listing Agreement Within 48 hours of the conclusion of the Board Meeting

One English newspaper and one regional newspaper

7 Submit half yearly Compliance Certifi ate from the Company Secretary

Clause 47 (c) Listing Agreeement Within 24 hours of receipt of the certifi cate by the Company

Stock Exchanges

8 Submit 3 copies of quaterly results signd by the Managing Director and newspaper cuttings of quaterly results

Clause 31 (c) Listing Agreeement Promptly on publishing quaterly results in newspaper

Stock Exchanges

9 Submit shareholding pattern, annual Corporate Governance Report, Quatly Results, Half yearly fi nancial statements, Statement of action taken against the company by any regulatory agency and full version of annual report (P.S. that Company need not submit these reports on EDIFAR if this clause is complied

Cluase 52 Listing Agreeement Within such time as specifi ed by SEBI

SEBI Corporate Filing and Dissemination System (CFDS), viz., www.corpfi ling.co.in

Though all precautions have been taken in compiling this calendar, KopyKitab should not be held responsible in case of any discrepancy. In case of doubt, please refer to relevant law/rules.

5

COMPLIANCE FOR THE MONTH OF FEBRUARY

Sr. No

Activities Sections / Rules / Clauses, etc.

Acts / Regulations / Circulars, etc.

Compliance Due Date

To whom to be submitted


CENTRAL EXCISE ACT RELATED COMPLIANCE

1 Pay excise duty on the goods removed from the factory or

warehouse for the previous month

Rule 8(1) Central Excise Rules, 2002 February 5 Excise Authorities

2 Pay excise duty on the goods

removed from the factory or

warehouse for the previous month (E- payment)

Rule 8(1) Central Excise Rules, 2002 February 6 Excise Authorities

3 Submit monthly Return for production and removal of goods

and other relevant particulars and CENVAT Credit for preceding

month in Form No. E.R. 1

Rule 9(7) & Rule 12 CENVAT Credit Rules, 2004 & Central Excise Rules, 2002

February 10 Superintendent of Central Excise

4 Submit monthly return for 100% Export-oriented undertakings in respect of good manufactured,

goods cleared and receipts of

inputs and capital goods for the preceding month in Form No. E.R.2

Rule 9(7) & Rule 17 (3) CENVAT Credit Rules, 2004 & Central Excise Rules, 2002

February 10 Superintendent of Central Excise

5 Submit monthly return by

manufacturer of Final Product

(N.A. for SSI)

Rule 9(7) CENVAT Credit Rules, 2004 February 10 Superintendent of

Central Excise

6 Submit return containing information of principal input for the preceding month in Form

No. E.R.6

Rule 9A CENVAT Credit Rules, 2004 February 10 Superintendent of Central Excise

7 Deposit duty on goods cleared

during a calendar month, where an assessee is availing of the exemption under a notifi cation

based on the value of clearances

of goods from factory or warehouse, in a Financial Year

Second Proviso to Rule

8(1)

Central Excise Rules, 2002 February 15 Excise Authorities

8 Monthly payment of excise duty for the preceding month- SSI

Units in Form GAR- 7


February 15 Excise Authorities

9 Monthly payment of excise

duty for the preceding month- SSI Units in Form GAR- 7 (E-payment)

Rule 8 CENVAT Credit Rules, 2004

& Central Excise Rules, 2002

February 16 Excise Authorities

10 Deposit duty on goods cleared

during a calendar month, where an assessee is availing of the

exemption under a notifi cation based on the value of clearances

of goods from factory or warehouse, in a Financial Year

[E-payment]

Second Proviso to Rule

8(1)

Central Excise Rules, 2002 February 16 Excise Authorities


1 Payment of Securities Transaction

Tax for the previous month (Challan No. ITNS 283)

Section 100 Income Tax Act,1961 February 7 Designated Bank

/ Income Tax Authorities

6

2 Deposit TDS from salaries for

the previous month in Challan No. 281

Section 192 Income Tax Act, 1961 February 7 Designated Bank / Income Tax Authorities

3 Deposit TDS on interest on Securities, Dividends other than

dividends referred to in Section 115 O, Interest other than interest on Securities, Winnings from

Lotteries & crossword puzzles,

Winning from Horse Races


Income Tax Act, 1961 February 7 Designated Bank / Income Tax

Authorities

4 Deposit TDS on Contractor’s Bill

/ Rent Advertising / Professional

Service Bill deducted in the previous month

Section 194C to Section

194H

Income Tax Act, 1961 February 7 Designated Bank

/ Income Tax

Authorities

5 Deposit TDS on payment to non-resident, Foreign company being

holder of mutual fund units,

Units held by an offshore fund, Income from foreign currency bond, Income of FIIs from

securities


Income Tax Act, 1961 February 7 Designated Bank / Income Tax

Authorities

6 Payment of Tax Collected at Source

Section 206 Income Tax Act, 1961 February 7 Designated Bank / Income Tax

Authorities

7 Report for claiming deduction by

an approved institution/public

sector company for the year ended 31st March [in Form No. 58C or

58D

Section 35AC(4)/(5) Income Tax Act, 1961 February 28 Income Tax

Authorities

8 Issue TDS C ecrattiefis in Form 16A to vendors (with respect to

TDS deducted in the previous

month)

Section 203 Income Tax Act, 1961 February 28 Income Tax Authorities


1 Pay Service tax collected

during the previous month by persons other than individuals,

proprietors and partnership fi rms

in G.A.R-7

Section 68 read with

Rule 6

The Finance Act, 1994 read

with The Service Tax Rules, 1994

February 5 Service Tax

Authorities

2 Pay Service tax collected

during the previous month by persons other than individuals,

proprietors and partnership fi rms in G.A.R-7 (E-payment)

Section 68 read with

Rule 6

The Finance Act, 1994 read

with The Service Tax Rules, 1994

February 6 Service Tax

Authorities

THE MAHARASHTRA STATE TAX RELATED COMPLIANCE

1 Submit monthly return and payment of tax for the previous month in Form 209 by Dealer to

whom a certifi cate of Entitlement has been granted for availing incentives by way of exemption

Rule 18 The Maharashtra Value Added Tax Act, 2005 read with the Rules there under

February 1 Sales Tax Authorities

2 Submit monthly return and pay

tax for the previous month (if tax liability during the previous year

exceeds Rs. 1 Lakh)

Rules 17 / 18 and 41 The Maharashtra Value

Added Tax Act, 2005 read with the Rules there under

February 20 Sales Tax

Authorities

3 Submit monthly return of

Professional Tax if tax liability is

Rs. 20 thousand or more in Form No. III (Return-cum-challan)

Rule 11 (3) (c) The Maharashtra State Tax

on Professions, Trades,

Callings and Employments Act, 1975 read with The

Maharashtra State Tax on

Professions, Trades, Callings and Employments Rules, 1975

February 28 Profession tax

Authorities

7

4 Credit Professional Tax deducted

in the previous month in Form VIII

Rule 17 The Maharashtra State Tax on Professions, Trades,

Callings and Employments Act, 1975 read with The Maharashtra State Tax on

Professions, Trades, Callings

and Employments Rules, 1975

Within 15 days of

such deduction

Profession Tax

Authorities


1 Payment of monthly Provident

Fund dues (Corporate) for previous month in prescribed

challan

a) Section 418

b) Paragraph 38 of Employees’ Provident

Funds Scheme, 1952

a) Companies Act, 1956

b) Employees’ Provident Funds and Misc. Provisions

Act, 1952

February 15 (i) Post Offi ce

Saving Bank Account or (ii)

Special Account with SBI or any Scheduled Bank


1 Submit an Annual Return in

prescribed Form III

Rule 21(4-A) Minimum Wages Act, 1948

and Rules there under

February 1 Inspector

2 Send an annual return in duplicate in Form XXI for the

previous year

Rule 63 The Contract Labour (Regulation And Abolition)

Act, 1970 & The Maharashtra

Contract Labour (Registration

And Abolition )Act, 1971

February 15 The Registering Offi cer

3 Pay monthly Provident Fund

dues (non-corporate)

Paragraph 38 of

Employees’ Provident Funds Scheme, 1952

Employees’ Provident Funds

and Misc. Provisions Act, 1952

February 15 Provident Fund

Authorities

4 File Form no. 5 for employees joining during the previous

month

Paragraph 36 (2) (a) of the Employees’ Provident

Fund Scheme, 1952

For Unexempted establishments under

Employees’ Provident Fund and Misc. Provisions Act, 1952

February 15 Provident Fund Commissioner

5 File Form no. 10 for employees leaving during the previous month

Paragraph 36 (2) (a) & (b) of the Employees’ Provident Fund Scheme,

1952

For Unexempted establishments under Employees’ Provident Fund

and Misc. Provisions Act, 1952


6 File monthly return in Form no.

F4(PS) of members joining service

during the previous month

Paragraph 10 of the

Employees’ Deposit

Linked- Insurance

Scheme, 1976

For exempted establishments

under Employees’ Provident

Fund and Misc. Provisions

Act, 1952


Commissioner


F5(PS) of members leaving service

during the previous month

Paragraph 20(2) of the

Employees’ Pension

Scheme, 1995



Fund and Misc. Provisions Act, 1952


Commissioner


F2(IF) of employees entitled for

membership of Insurance Fund i.e. joining service during the

previous month

Paragraph 10 of the


Linked- Insurance Scheme, 1976



Fund and Misc. Provisions Act, 1952


Commissioner


F3(IF) for members of Insurance Fund leaving service during the

previous month

Paragraph 10 of the

Employees’ Deposit Linked- Insurance

Scheme, 1976


under Employees’ Provident Fund and Misc. Provisions

Act, 1952


Commissioner

10 Submit Register of Accidents in

Form 30

Rule 123 Factories Act, 1948 February 15 Inspector of

Factories

11 Pay ESI contribution for previous month

Regulation 31 Employees’ State Insurance Act, 1948 & Employees State

Insurance (Gen) Regulations,

February 21 ESIC Authority

8

12 Submit monthly return of Provident Fund for the previous

month in Form No. 12A

Para 36 (1) of Employees’ Provident Funds Scheme,

1952 and Para 20(4) of the Employees’ Pension Scheme 1995 and The


Linked Insurance Scheme, 1976.

Employees’ Provident Fund and Misc. Provisions Act,

1952


13 Submit return of declaration in

Form 3 & 1-A

Regulation 14 Employees State Insurance

(General) Regulations, 1950

Within 10 days

from the date

of receiving the relevant papers

ESIC Authority

14 Issue Notice for payment

of Gratuity and Notice for

Inadmissible claim in Form L & M

Section 8 Payment of Gratuity Act, 1972 Within 15 days

of receipt of

application

Applicant

employee or legal

heir

15 Submit Return of Contributions

in Form 6 and 7

Regulation 26 Employees’ State Insurance

Act, 1948 and Employees’

State Insurance (Gen) Regulations, 1950

Within 42 days of

termination of the

contribution period

ESIC Authority

RBI (NBFC) RELATED COMPLIANCES

1 File return of exposure of capital markets in Form NBS-6

Para 22 NBFC-D Prudential Norms Directions, 2007

February 7 RBI

2 File a monthly return in

prescribed format (NBC-ND)

Circular No. DNBS (RID)

CC No. 57/02.02.15/2005-06

Department of Non-Banking

Supervision, RBI

February 7 RBI

SEBI RELATED COMPLIANCES

1 C ecrattiefi on demat/remat of shares

Regulation 54(5) SEBI(Depositories & Participants) Regulations,

1996

February 28 Stock Exchanges

LISTING AGREEMENT RELATED COMPLIANCES

1 Submit limited review report for

the quarter ended December 31

Clause 41 Listing Agreement February 28 Stock Exchanges

IRDA RELATED COMPLIANCES

1 Submit monthly business number

- unaudited

None Requirement of IRDA February 5 Insurance

Regulatory &

Development Authority

2 Submit capital market exposure

report

Regulation 6 IRDA (Investment)

Regulation , 2000

February 7 Insurance

Regulatory &

Development Authority

3 List of Risk underwritten under para 19(v)(Insurance of Large

Risk)

None Guidelines No. 021 / IRDA / F&U / Sep-06 dated 28.9.06

February 7 Insurance Regulatory &

Development

Authority

4 Monthly Report to be fi led with IRDA - under para 17(4) of F&U

Guidelines of 28.09.2006 on the

risks underwritten in the previous month falling under category 19(v) i.e. large risks

None Circular. No. IRDA/009 / F&U/07-08 dated 14.05.07


Development

Authority

9

5 Quarterly submit Investment

Return in Form No. 1, 2, 3B, 4, 4A5, 5A, 6, 7, 7A, IV-BB

Regulation 6 IRDA (Investment) Regulation , 2000

February 15 Insurance Regulatory & Development

Authority

6 Submit Quarterly Coinsurance-

reinsurance balance reconciliation

None Circular NO. 12/IRDA/F&A/

Cir/May 09 dated May 26, 2009


Regulatory & Development

Authority

7 Submit quarterly (except for the quarter ending March) un-audited segment wise Financial

Statements

None Circular No. 45/IRDA/F&A/Nov.07 dated November 22, 2007

February 15 Insurance Regulatory & Development

Authority

8 Submit quarterly (except for the

quarter ending March) reporting of maintenance of Solvency

Margin Ratio in the format specifi ed

None Circular No. 46/IRDA/F&A/

Nov.07 dated November 22, 2007


Regulatory & Development

Authority

9 Submit Audit Report issued by Internal/concurrent Auditors

with feedback / implementation

plan of BOD [Investment Risk Management Process - implementation status ] as

annexure to Form 4 of the Investment Return

None Cir.no.23/INV/2009-10 dated Aug.4, 2009.


Development

Authority

10 Submit Monthly Report under para 15(i) of F&U Guidelines of

28.09.2006 on the Business Written

- Gross Direct plus Reinsurance Accepted

None Circular No. IRDA/009/F&U/07-08 dated 14.05.07

February 15 Board of Directors

Though all precautions have been taken in compiling this calendar, should not be held responsible in case of any discrepancy. In KopyKitab

case of doubt, please refer to relevant law/rules.

10

COMPLIANCE FOR THE MONTH OF MARCH

Sr. No

Things you need to do Sections / Rules / Clauses prescribing the activities to be

done

Acts / Regulations / Circulars under

which the Sections / Rules/ Clauses is

covered

Due Date before which you need

to comply the activity



1 Pay excise duty on the goods removed from the factory or warehouse for the previous month

Rule 8(1) Central Excise Rules, 2002

March 5 Excise Authorities

2 Pay excise duty on the goods removed from the factory or warehouse for the previous month (E- payment)



3 Submit monthly Central Excise E.R.1 Return (E.R. 2 return for 100% EOU / units in FTZ / SEZ)

Rule 12 (1) / 17 (3) Central Excise Rules, 2002


4 Submit monthly return by manufacturer of Final Product (N.A. for SSI)

Rule 9(7) CENVAT Credit Rules, 2004

March 10 Supritendent of Central Excise

5 Submit return containing information of principal input for the preceding month in Form No. E.R.6

Rule 9A(3) CENVAT Credit Rules, 2004


6 Submit monthly Return for availment of CENVAT Credit for preceding month in Form No. ER 1

Rule 9 (7) & Rule 12 CENVAT Credit Rules, 2004 & Central Excise Rules, 2002


7 Submit monthly return for receipt of inputs & capital goods for the preceding month in Form No. E.R.2

Rule 9 (7) & Rule 12 CENVAT Credit Rules, 2004 & Central Excise Rules, 2002


8 Deposit duty on goods cleared during a calendar month, where an assessee is availing of the exemption under a notification based on the value of clearances of goods from factory or warehouse, in a Financial Year for the previous month i.e. February


Central Excise Rules, 2002


9 where an assessee is availing of the exemption under a notification based on the value of clearances of goods from factory or warehouse, in a financial year (E- payment)




10 Pay excise duty on the goods removed from the factory or warehouse during month i.e.March



11 Deposit duty on goods cleared during a calendar month, where an assessee is availing of the exemption under a notification based on the value of clearances of goods from factory or warehouse, in a Financial Year for the month March




12 Monthly payment of excise duty for the month of March SSI Units in Form GAR- 7 (E-payment & Manual Payment)



11

Sr. No


done


which the Sections / Rules/ Clauses is

covered





1 Deposit TDS from salaries for the previous month in Challan No. 281

Section 192 Income Tax Act, 1961 March 7 Designated Bank / Income Tax Authorities

2 Deposit TDS on interest on Securities, Dividends other than dividends referred to in Section 115O, Interest other than interest on Securities, Winnings from Lotteries & crossword puzzles, Winning from Horse Races


Income Tax Act, 1961 March 7 Designated Bank / Income Tax Authorities

3 Deposit TDS on Contractor's Bill / Rent Advertising / Professional Service Bill deducted in the previous month

Section 194C to Section 194H


4 Deposit TDS on payment to non-resident, Foreign company being holder of mutual fund units, Units held by an offshore fund, Income from foreign currency bond, Income of FIIs from securities



5 Payment of Securities Transaction Tax for the previous month (Challan No. ITNS 283)

Section 100 Income Tax Act,1961 March 7 Designated Bank / Income Tax Authorities

6 Payment of Tax Collected at Source Section 206 Income Tax Act, 1961 March 7 Designated Bank / Income Tax Authorities

7 Payment of 3rd installment (in case of an assesses other than a company) or 4th installment (in case of a company) of Advance Income Tax for the Assessment Year 2010-2011 in Form ITNS 280


8 Submit return in respect of Securities Transaction Tax for FY 2010-11 in Form 1 (Stock exchange) Form 2 (Mutual Fund)


9 Issue TDS Certificates in Form 16A to vendors (with respect to TDS deducted in previous month)

Section 203 Income Tax Act, 1961 March 31 Income Tax Authorities


1 Pay Service tax collected during the previous month by persons other than individuals, propritors and partnership firms in G.A.R-7



March 5 Service Tax Authorities

2 Pay Service tax collected during the previous month by persons other than individuals, propritors and partnership firms in G.A.R-7 (E-payment)




3 Pay Service tax collected during month (i.e.March ) by persons other than individuals, propritors and partnership firms in G.A.R-7

Section 68 read with Rule 6 (Proviso 3)



4 Pay Service tax collected during the quarter (i.e.January to March) by individuals, propritors and partnership firms in G.A.R-7




12

Sr. No


done


which the Sections/ Rules/ Clauses is

covered





1 Payment of monthly Provident Fund dues (Corporate) for previous month in prescribed challan

Section 418 Companies Act, 1956 March 15 (i) Post Office Saving Bank Account or (ii) Special Account with SBI or any Scheduled Bank

2 Filing return of fixed deposit Rule 10 Companies (Acceptance of Deposits) Rules, 1975

March 31 Registrar of Companies & RBI

3 Obtain declaration of Interest from Directors (Form 24AA - renewal of notice for General disclosure of interest)

Section 299 Companies Act, 1956 March 31 (Last month of the Financial Year)

Company - Company Secretary


1 Pay monthly Provident Fund dues (non-corporate)


March 15 Provident Fund Authorities

2 File monthly return for employees leaving in form No. 10/ joining in form No. 5 during the previous month i.e. May

Pragraph 20(2) read with Paragraph 36(1) & (2)

The Employees Pension Scheme, 1995 (For exempted establisments under Employees Provident Fund and Misc. Provisions Act, 1952)

March 15 Provident Fund Commissioner

3 File monthly retun in Form no. 2(IF) of employees entilted for membership of Insurance Fund



4 File monthly retun in Form no. 3(IF) for members of Insurance Fund leaving service during the previous month i.e. January



5 File monthly return in Form no. F4(PS)of members joining service during the month



6 Submit Register of Accidents in Form 30

Rule 123 Factories Act, 1948 March 15 Inspector of Factories

7 Pay ESI contribution for previous month i.e.February

Regulation 31 Employee State Insurance Act, 1948 Employees State Insurance (Gen) Regulations,

March 21 ESIC Authoruty

8 Submit monthly return of Provident Fund for the previous month in Form No. 12A


March 25 Provident Fund Commisioner

9 Submit a Consolidated Statement of dues and remittance in Form No. 12A

Paragraph 36 (1) & Paragraph 20(4)

Employees’ Provident Funds Scheme, 1952 and Misc. Provision Act, 1952

March 25 Provident Fund Commisioner

13

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ComComComppplililianceanceance · The Finance Act, 1994 read with The Service Tax Rules, 1994...

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