Indian Government announced another regulatory relief for the companies registered in India. The government has introduced a fresh scheme i.e. Companies Fresh Start Scheme, 2020 to make a fresh start on a clean slate. Under this scheme, corporate of India can file their pending documents such as Annual Return and Financial Statements without paying higher…

“Keeping in view of the spread of novel Corona virus (COVID-19) in India, its declaration as a pandemic by the World Health Organization (WHO), and, decision of the Government of India to treat this as a notified disaster, it is hereby clarified that spending of CSR funds for COVID-19 is eligible CSR activity,” the notification…

SEBI relaxes compliance of certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the COVID-19 virus pandemic Considering the COVID-19 pandemic, SEBI vide Circular dated March 19, 2020 has decided to grant temporary relaxations from certain compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) to…

Indian central bank’s monetary policy panel concluded an unscheduled meeting earlier this week to decide on measures it can take to tackle the fallout of the COVID-19. RBI cuts repo rate by 75 basis points to 4.40% and Reserve repo rate by 90 basis points to 4%to mitigate Covid-19 impact. That means that now commercial…

Finance Minister Nirmala Sitharaman announced an economic-financial package on 26th March,2020 worth Rs 1.70 lakh crore to help migrant laborers and daily wage laborers tackle the financial difficulties arising from Covid-19 outbreak. Sitharaman said: “A package is ready for the poor who need immediate help like migrant workers and urban and rural poor. No one…

In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and other risks:

In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). The amended provisions of the Companies…

Pr. DGIT (Systems) issued Notification on procedure to filing online Form 1 and Form 2 under Direct Tax Vivad Se Vishwas scheme. All the declarants filing declaration under sub section (1) of section 4 of the Direct Tax Vivad se Vishwas Rules, 2020 are required to file the declaration in Form-1 online on the e-filing…

Table of Content Requirement under the Companies Act, 2013 for Transfer of Shares from Non-residents to Residents- Valuation of shares: – Price of share shall be decided on the basis of valuation of Shares by a Chartered Accountant or/a SEBI registered Merchant Banker. Sale consideration (net of taxes) must be remitted outside India through an…

Table of Content Concept of TDS- Rates for TDS Due Dates of Payment How to pay Tax Deducted/Collected at source? How to avoid TDS How to check if TDS is deposited with the government What will happen when the deductor fails to deposit the TDS with the IT department? Penalty for non deposit of TDS…

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