Cabinet approves 75 new Medical Colleges; to add 15,700 MBBS seats
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has given its approval for the establishment of 75
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Cabinet approves proposal for Review of FDI policy on various sectors
The Union Cabinet approved the proposal for Review of Foreign Direct Investment in various sectors. Major Impact and Benefits from FDI Policy
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Cabinet approves amendments/changes in the — National Medical Commission Bill, 2019
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the amendments/changes in the National Medical Commission
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MCA | Clarification under S. 232(6) of Companies Act, 2013; circular to remove doubts/ambiguities in “appointed date” & “acquisition date” with respect to mergers/amalgamations
Several queries have been received in the Ministry with respect to interpretation of the provision of Section 232(6) of the Companies Act,
Continue readingGovernment withdraws enhanced surcharge on tax payable on transfer of certain assets
In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No.
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Offshore Areas Mineral Concession (Amendment) Rules, 2019
G.S.R. 595(E)— In exercise of the powers conferred by Section 35 of the Offshore Areas Mineral (Development and Regulation) Act, 2002, the
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Central Govt. notifies — Nidhi (Amendment) Rules, 2019
G.S.R. 467(E)—In exercise of the powers conferred by sub-section (1) of Section 406 read with sub-sections (1) and (2) of Section 469
Continue readingCBDT issues clarification on eligibility of small Start-ups to avail tax holiday
The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to
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Real Time Gross Settlement (RTGS) System – Increase in operating hours
At present, the RTGS system is available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00
Continue readingRBI | Processing of e-mandate on cards for recurring transactions
The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments,
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Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019 – Acceptance of Deposits by issue of Commercial Papers
Sub-regulation (3) of Regulation 6 of the Foreign Exchange Management (Deposit) Regulations, 2016 , in terms of which a Company may accept
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Central Govt. notifies — Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)Second Amendment Rules, 2019
G.S.R. 571(E).—In exercise of the powers conferred under sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of Section 125 and
Continue readingMonetary limits for filing of appeals by Income Tax Department further enhanced by CBDT
There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the
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Govt. removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs
The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed
Continue readingCBDT simplifies the process of assessment in respect of Startups
The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup
Continue readingUsage of ATMs – Free ATM transactions – Clarifications
Clarification issued by Reserve Bank of India It has come to our notice that transactions that have failed due to technical reasons,
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Companies (Share Capital and Debentures) Amendment Rules, 2019
G.S.R. 574(E)—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of
Continue readingCentral Govt. constitutes — Advisory Committee– in exercise of powers conferred by S. 5 of Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
S.O. 2948(E)— In exercise of the powers conferred by Section 5 of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
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MCA amends provisions related to Differential Voting Rights under Companies Act
The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the
Continue readingFour New Products get Geographical Indication Tag
Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade has recently registered 4 new GIs. PalaniPanchamirtham from Palani
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