SUSTAINABILITY OF INDIAN ECONOMY POST LOCKDOWN (CORONA PANDEMIC)
The coronavirus COVID-19 pandemic is the defining global health crisis of our time and the greatest challenge we have faced since World War Two. COVID-19 is much more than a health crisis. By stressing every one of the countries it touches, it has the potential to create devastating social, economic and political crises that will […]
FM announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak
Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1607942 The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman announced much-needed relief […]
Finance Minister comes out with major Changes to boost Economy & to stem Economic slowdown
Home & Auto Loans to become cheaper Surcharge on FPIs & Domestic Investors removed No surcharge on Cap Gains On closure of loans you will get back your Original Docs within 15 days Rs. 70,000 Cr to be pumped in PSUs immediately Rs. 20,000 crores additional liquidity support to Housing Finance Companies NBFCs may now […]
Vishaka Guildelines against sexual harassment in the workplace
Guidelines and norms laid down by the Hon’ble Supreme Court in Vishaka and Others Vs. State of Rajasthan and Others(JT 1997 (7) SC 384) All employers or persons in charge of work place whether in public or private sector should take appropriate steps to prevent sexual harassment. Without prejudice to the generality of this obligation […]
The Companies Act Amendment, 2019
The Loksabha has passed the Companies Act Amendment, 2019 on 31st July, 2019 and to know more, Please click here
External Commercial Borrowings (ECB) Policy – Rationalisation of End-use Provisions, RBI Circular dated 30th July, 2019
ECB proceeds cannot be utilised for working capital purposes, general corporate purposes and repayment of Rupee loans except when the ECB is availed from foreign equity holder for a minimum average maturity period of 5 years. Further, on-lending for these activities out of ECB proceeds is also prohibited. Notification:_ https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11636&Mode=0
The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019
The Ministry of Corporate Affairs has amended The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019. As per the said notification: i) E–Form DIR-3 KYC is to be filed by an individual who holds DIN and is filing his KYC details for the first time or by the […]
Order for extension of due date fo filing of itrs 23-07-2019
https://www.incometaxindia.gov.in/news/order-for-extension-of-due-date-for%20filing-of-itrs-23-07-2019.pdf
Hon’ble Minister of Micro, Small & Medium Enterprises, Shri Nitin Gadkari’s vision for MSME sector
Hon’ble Minister of Micro, Small & Medium Enterprises, Shri Nitin Gadkari’s vision for MSME sector
In the Companies (Appointment and Qualification of Directors) Rules, 2014, after rule 12A, the following rule shall be inserted, namely:- ‘12B. Directors of company required to file e-form ACTIVE.-
(1) Where a company governed by Rule 25A of the Companies (Incorporation) Rules, 2014, fails to file the e-form ACTIVE within the period specified therein, the Director Identification Number (DIN) allotted to its existing directors, shall be marked as “Director of ACTIVE non-compliant company”. (2) Where the DIN of a director has been marked as […]
The Companies ( Prospectus and Allotment of Securities) Third Amendment Rules, 2019 w.e.f 30 th September, 2019
MCA has introduced new form PAS-6 ( Reconciliation of share capital audit report) which to be mandatorily filed by unlisted Public companies to MCA within 60 days from the conclusion of each half year duly certified by Practicing CS or CA. Notification:- http://www.mca.gov.in/Ministry/pdf/Rules_23052019.pdf
The Ministry of Corporate Affairs rolled out a new rules in the Companies (Acceptance of Deposits), Rules, 2014 with the notification dated 22 nd January, 2019.
Companies (Acceptance of Deposits) Amendment Rules, 2019 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January 2019 G.S.R. 42(E).—In exercise of the powers conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in […]
Notification regarding Companies (Registration Offices and Fees) 2nd Amendment Rules, 2019Pdf( 612 KB )
http://www.mca.gov.in/Ministry/pdf/CompaniesRegistrationOfficesFeesRule_25042019.pdf
Filing of affidavits
Stakeholders are requested to please note that Filing of affidavits (from each of the subscribers to the memorandum and from persons named as the first directors, if any, in the articles that he is not convicted of any offence in connection with the promotion, formation or management of any company, or that he has not been found […]