Table of Content Types of NGO Registrations in India Trust registration Society Registration Section -8 Company (Foundation) NGOs are legally established organizations which are generally considered to be non-profit oriented groups whose ultimate purpose is to work for public interest, and they work independently from the Government. Generally, the activities of NGO’s are to promote the…

As announced in the Statement of Developmental and Regulatory Policies on March 27, 2020, the Reserve Bank will conduct TLTROs of up to three years tenor of appropriate sizes for a total amount of up to ₹ 100000 crores. So far, TLTROs for ₹ 50,000 crores have been conducted in two tranches. It has now…

The spread of Novel Corona Virus (COVID-19) across many countries of the world, including India, has caused immense loss to the lives of people and resultantly impacted the trade and industry. In view of the emergent situation and challenges faced by taxpayers in meeting the compliance requirements under various provisions of the Central Goods and…

Due to the COVID-19 outbreak and lockdown situation prevailing in the Country, various provisions of the Companies Act, 2013 and rules made there under have already been relaxed by the Ministry of Corporate Affairs (MCA) for ease of compliance by the stakeholders. Few queries have been received from members of ISCI on the compliance of…

1. Extension of realization period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pandemic, the time period…

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…

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