Tag: covid-19
Spending of CSR funds for ‘setting up makeshift hospitals and temporary COVID Care facilities ‘ is an eligible CSR activity under Schedule VII of the Companies Act, 2013 General Circular No. 05/2021 E-file no. CSR-10 /9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, …
The ICSI Plasma Bank- ICSI has launched a website wherein any one can register to volunteer for donating plasma all over India. ICSI PLASMA BANK: AN INITIATIVE TO GIFT LIFE The crisis the Country is facing is not a secret. The second wave of Covid-19 pandemic has broken …
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package – RBI Circular In view of the The Hon’ble Supreme Court judgement RBI has revised norms for Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package as under: Refund/adjustment of ‘interest on interest’ …
Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021 The President of India has Promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021to amend the Insolvency and Bankruptcy Code, 2016. According to the Ordinance, due to the COVID-19 pandemic impact on businesses, financial …
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 …
Expenses on carrying out awareness campaigns/programmes or public outreach campaigns on COVID-19 Vaccination is eligible CSR activity General Circular No. 01/2021 E-file no. CSR-10/9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg, New Delhi- 110 001 Date: 13th January 2021 …
Initiation of CIRP suspended for a further period of three months from 25.12.2020 The Ministry of Corporate Affairs (MCA) vide notification SO. 4638(E) dated 22nd December 2020 has further suspended the initiation of CIRP for a further period of three months from 25.12.2020 Download Notification Click Here …
RBI issues revised FAQs on Resolution Framework for Covid-19 related stress FAQs on Resolution Framework for Covid-19 related stress (Revised on December 12, 2020 1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the outstanding amount of debt …
CBDT issues 34 new FAQs on Vivad se Vishwas Act. Read Circular no. 21 of 2020 CBDT 34 new FAQs on Vivad se Vishwas The Direct Tax Vivad se Vishwas Act, 2020 (Vivad se Vishwas Scheme) was enacted on 17th March, 2020. The provisions of Vivad se Vishwas …
Extension of last date of filing of CRA-4 (cost audit report) for FY 2019-20 to 31.12.2020 General Circular No. 38/2020 Eoffice File No: 17/ 52/ 2020-CL-VGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS ToAll Regional Directors,All Registrars of Companies, All Stakeholders. 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, …
