MCA removes applicability of AS 22 & Indian AS 12 to certain Govt Companies
Vide Notification No. S.O. 529(E), dated 5th February, 2018 it was specified that provisions of Accounting Standard 22 or Indian Accounting Standard 12
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Condonation of Delay Scheme 2018 extended up to 30th April, 2018
The Ministry of Corporate Affairs, on consideration of the requests received from various stakeholders, has extended the Condonation of Delay Scheme 2018
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Relaxation of Norms for National Pension Scheme
The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as
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Applicability of GST on Skill Development, Start-Ups and Tourism
The Ministry of Finance has explained the applicability of Goods and Services Tax (GST) on Skill Development, Start-Ups, and Tourism etc. All
Continue readingSEBI issues Circular on Prevention of Unauthorized Trading by Stock Brokers
This master circular consolidates and updates the requirements/obligations with regard to Prevention of Unauthorized Trading by Stock Brokers prescribed by the following
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Requirement of furnishing Country-by Country Report under S. 286(4) of Income Tax Act, 1961 clarified
In keeping with India’s commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”,
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One Time Settlement of NPAs
As per instructions of Reserve Bank of India, banks are required to have a loan recover policy, which may cover, inter alia, negotiated settlements
Continue readingKey recommendations of the Report of the Working Group on Fin Tech and Digital Banking
Reserve Bank of India (RBI) had set up an inter-regulatory Working Group (WG) to look into and report on the granular aspects
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Government proposes LTCG tax on equity investment
The government has proposed a long-term capital gains tax for investing in the nation’s stocks, according to people with knowledge of the
Continue readingSEBI issues Circular for Electronic Book Mechanism for issuance of securities on private placement basis
In exercise of powers conferred under Section 11(1) read with Regulation 31(2) of ILDS Regulations of the Securities and Exchange Board of
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Commerce Ministry launches Startup India Ranking Framework
To encourage and help startups the Government of India has taken the lead in creating policies and a framework. Three new tools
Continue readingRBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade credit
Reserve Bank of India has scrapped quasi bank guarantee instruments such as the Letter of Undertaking (LoU) and Letter of Comfort (LoC)
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A private placement, rather than a public issue, is the markets regulator’s favoured route to start trading in securities receipts issued by
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Insolvency and Bankruptcy Board of India signs MoU with Reserve Bank of India
The Insolvency and Bankruptcy Board of India (IBBI) has signed a Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) on
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Recommendations of GST Council regarding E-way Bill
In the 26th meeting held on March 10, 2018, the GST Council has recommended the introduction of e-way bill for inter-State movement
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Government to incentivize farmers for registering crop varieties
In order to encourage farmers to register more crop varieties, the Union Ministry for Agriculture and Farmers’ Welfare has announced cash incentives
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Anti-profiteering guidelines to be soon in public domain
The government is at the advanced stage of finalising anti-profiteering guidelines for judging parameters whereby benefits of reduced GST rates are passed
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Government revises Model Concession Agreement for PPP in Major Ports
In order to make port projects more investor friendly and make investment climate in the Major Port sector more attractive, the Government
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E-way bill system mandatory for transporters, effective from 01-02-2018
After some trial runs, the crucial anti-evasion measure under the goods and services tax (GST), e-way bill, is now mandatory for transporters
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Single GST registration for airlines, banks and insurance sector on the anvil
The government is considering a nationwide single GST registration process for the aviation, banking and insurance sectors. A single registration will potentially
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