RBI extends deadline for closing of banks current accounts by those availing CC/OD facility   RBI, in order to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders had put restrictions on opening of current accounts by borrowers having Cash Credit …

MCA exempts foreign companies/incorporated outside from provisions of section 387 to 392 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2021 S.O.3156(E).—In exercise of the powers conferred by section 393A of the Companies Act, 2013 (18 of 2013), the Central Government hereby exempts, from the provisions …

Companies (Registration of Foreign Companies) Amendment Rules 2021 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2021 G.S.R.538(E).—In exercise of the powers conferred by clause (c) and clause (h) of sub-section (1) and sub-section (3) of section 380, clause (a) of sub-section (1) and sub-section (3) …

The Companies (Specification of definitions details) Third Amendment Rules, 2021 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2021 G.S.R.539(E).—In exercise of the powers conferred by sub-clause (ix) of clause (76), sub-clause (iii) of clause (77) of section 2, read with sub-sections (1) and (2) of …

CBDT exempts income of RERA Himanchal Pradesh & National Council of Science Museum Kolkata u/s 10(46) In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961, CBDT has exempted specified income of Real Estate Regulatory Authority Himanchal Pradesh (PAN AAAGR1176F). (Notification …

The Taxation Laws (Amendment) Bill 2021 introduced in Lok Sabha to end retrospective tax  The Government has introduced the Taxation Laws (Amendment) Bill 2021 to provide no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian …