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Sanction for prosecution accorded in 366 cases in violation of CSR provisions The Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha stated that whenever any violation of CSR provisions is reported, action against such non-compliant Companies are …
No Extension of deadline of Companies Fresh Start Scheme (CFSS) and LLP Settlement Scheme. No such proposal under consideration says Minister No Extension of deadline of Companies Fresh Start Scheme and LLP Settlement Scheme says MCA MCA through the General Circular no. 12/2020 dated 30.3.2020, launched the “Companies …
No interest on interest/compound interest/penal interest for moratorium period from any borrowers irrespective of sanctioned loan limit – Supreme Court ABCAUS Case Law CitationABCAUS 3475 (2021) (03) SC Important case law relied referred:Union Carbide Corporation Limited v. Union of India, (1991)4 SCC 584;M. Nagaraj vs. Union of India …
ICAI Technical Guide on Revised Formats of Long Form Audit Report (LFAR) In bank and bank’s branches audit, the auditors are required to report on certain matters prescribed by the RBI. LFAR is a separate report to be submitted to the bank’s management in the format prescribed by …
SEBI Clarification on the valuation of bonds issued under Basel III framework. Deemed residual maturity for valuation of existing and new bonds Securities And Exchange Board Of India CIRCULAR SEBI/HO/IMD/DF4/CIR/P/2021/034 March 22, 2021 All Mutual Funds (MFs)/Asset Management Companies (AMCs)/Trustee Companies/ Boards of Trustees of Mutual Funds/Association of …
SEBI Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs) Securities And Exchange Board Of India CIRCULAR SEBI/HO/MRD1/DTCS/CIR/P/2021/33 March 22, 2021 To,All Stock Exchanges,All Depositories,All Clearing Corporations Dear Sir/ Madam, Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market …
CBDT promotes 94 officers to the grade of Principal Commissioner of Income Tax (PrCIT) CBDT has issued order no.68 of 2021 dated 19th March 2021 promoting 94 officers to to the grade of Principal Commissioner of Income Tax (PrCIT) level 15 in the pay matrix Rs. 182200-224100 on …
Timeline for reporting of status of ongoing corporate insolvency resolution processes (CIRPs) through Form CIRP 7 Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No.: IBBI/CIRP/41/2021 18th March, 2021 To All Registered Insolvency ProfessionalsAll Recognised Insolvency Professional EntitiesAll Registered Insolvency Professional Agencies …
MCA constitutes Central Scrutiny Centre (CSC) for scrutiny of Straight Through Processes e-forms filed by companies on MCA Portal MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th March, 2021 S.O.1257(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, …
Revised Limit of remuneration payable to managerial person / other director in case of loss . Amendment to Schedule V of the Companies Act 2013 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the18th March, 2021 S.O. 1256(E).—In exercise of the powers conferred bysub-sections (1) …
