New Update The Ministry of Corporate Affairs (MCA) allows the start-ups to issue sweat equity shares not exceeding 50% of its paid-up capital. Within 5 years of incorporation or registration. Now Start-ups can issue equity shares to their employees for up to 10 years from the date of their incorporation or registration. This will give…

Central board of indirect tax releases a new notification for taxpayer require to file NIL Form of GSTR-3B Now taxpayer can file NIL GSTR3B through an SMS, apart from filing it through online mode, on GST Portal. This would increase the ease for the taxpayer over 22 lakh registered taxpayers. To file NIL Form GSTR-3B…

RBI Releases one more relief measure: Cuts the repo rate and extends the moratorium period of term loan As lockdown 4.0 is being introduced by central govt. till 31 March 2020 RBI again takes necessary measures to give relief to the borrower of India in this pandemic RBI Governor Shaktikanta Das announced on Friday 22…

Finance minister Nirmala Sitaraman releases second instalment of 20 lakh crore economic relief package of Atma Nirbhar Bharat. This instalment mainly focuses on farmers, migrant labourers and street vendors. Here’s a comprehensive list of the economic relief measures announced by the finance ministry including the package announced on 14 may 2020 Government to extend the…

Modi government announces a big budget package of 20 lakh crore a relief in this COVID-19 pandemic Government took six major steps in MSMEs these are as follows: Step-1 20% top-up loan, to outstanding loan (as on 29.02.2020) Collateral Free Automatic Loan for MSME. Those MSME having Loan up to 25cr and turnover up to…

Every individual who has been appointed as an independent director in a company, on the date of commencement of the Companies (Appointment and Qualification of Directors) shall within a period of 5 months from such commencement shall apply online to the institute for inclusion of his name in the data bank for a period of…

Finance Minister Nirmala Sitharaman addressed a press conference and unveiled the economic package due to nationwide lockdown because of the spread of the novel coronavirus of Rs. 20 lakh crore for uplifting the economy and making the country self-reliant. This special economic and comprehensive package of Rs 20 lakh crores is equivalent to 10% of…

RBI by its latest announcement vide dated 27 April, 2020 releases 50000crore Special Liquidity Facility for Mutual Funds with a view to easing liquidity pressure on Mutual Fund due to the COVID-19 pandemic. Under this Special Liquidity Facility for Mutual Funds RBI will conduct repo operation of 90 days tenure at fixed repo rate. Funds…

Government of India has amended the Foreign Direct Investment (FDI) policy for India’s neighboring countries to discourage opportunistic investment in Indian companies in the midst of the COVID-19 pandemic. According to this amendment, FDI investments into Indian companies from the neighboring countries will now require permission from the Indian government. Before this new amendment FDI…

Certain Changes made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs) by GST department. These changes are likely to be implemented on the GST portal with effect from 14.04.2020. During the implementation of this change, any data which is lying in Form GSTR-6 of ISDs, in saved stage, will…

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