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Only debtors will be able to initiate proceedings under Special Insolvency Resolution Framework for MSMEs
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2773 ANSWERED ON MONDAY THE 21ST MARCH, 2022 PROCEEDINGS UNDER SPECIAL INSOLVENCY RESOLUTION FRAMEWORK QUESTION MS. D...
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Disproportionate haircuts by lenders to companies using IBC
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 701 ANSWERED ON MONDAY THE 7TH FEBRUARY, 2022 MISUSE OF IBC QUESTION 701. SHRI DAYANIDHI MARAN: Will the Minister of...
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ICSI extends Time for Obtaining Mandatory CPE Credits
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) March 26, 2022 E...
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ICAI announces Automatic Conversion from Old to Revised Scheme
Board of Studies (Academic) The Institute of Chartered Accountants of India 25th March, 2022 ANNOUNCEMENT Sub: Automatic Conversion from Old Scheme to Revised Scheme of Education and Training The Revi...
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New change in GSTR-3B, table 3.1(A)
The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as...
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Upcoming Changes in GSTR-1, GSTR-2A, GSTR-3B
GSTN – Upcoming changes/initiatives:- ♦ SMS based NIL Return filing for GSTR-3B and GSTR-1. ♦ Improvements in GSTR-2A to show the status of filing of GSTR-1 and GSTR-3B by the supplier. ♦ To show stat...
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Imprisonment under GST is only in cases of serious nature: FM
Smt. Nirmala Sitharaman while replying on The Finance Bill 2022 in Lok Sabha. Corporate tax cut helped economy, govt & companies… In 2018-19, corporate tax collection was Rs 6.6 lakh cr. In spite of r...
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3 persons arrested in 2 cases related to fake availment & utilization of ITC
CGST, Thane Rural Commissionerate arrests three persons in two cases related to fake availment and utilization of ITC In one of the cases, two accused were arrested on the ground that they were found...
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Govt not planning to make it mandatory for companies to create a corpus for disaster management
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2808 ANSWERED ON MONDAY, MARCH 21, 2022/ AMENDMENT OF CSR RULES QUESTION Will the Minister of CORPORATE AFFAIRS be pl...
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MCA to Launch Version 3 of MCA21 in Phases
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3496 ANSWERED ON MONDAY, DECEMBER 20, 2021/ AGRAHAYANA 29, 1943 (SAKA) LAUNCH OF MCA21 PORTAL QUESTION 3496. SHRI SHR...
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9781 OPC registered between 01.01.2021 to 10.12.2021
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 3592 ANSWERED ON MONDAY, DECEMBER 20, 2021 ONE PERSON COMPANY QUESTION SHRIMATI RITA BAHUGUNA JOSHI: Will the Minist...
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Job Creation Under Make In India
The ‘Make in India’ initiative was launched on 25th September, 2014 to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and...
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CAIT seek investigation against Amazon for alleged illegal practices
Confederation of All India Traders “Vvapar Bhawan’ 925/1, Naiwala, Karol Bagh, New Delhi.110005. Phone: .91-11-45032664 Telefax: 91-11-45032665 17th March, 2022 Ref No.: 3377/1/50 Shri Rohit Kumar Sin...
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Impact of Covid-19 On Economy
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2967 TO BE ANSWERED ON MARCH 21, 2022 IMPACT OF COVID-19 ON ECONOMY SHRI SHYAM SINGH YADAV: Will...
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Review of determination of Offer Price in case of disinvestment of PSU Companies
Securities and Exchange Board of India Consultation Paper Review of determination of Offer Price in case of disinvestment of PSU Companies Objective 1. The objective of this consultation paper is to s...
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Streamlining the Timelines followed in Open Offers & Buy-back Tender Offers
Securities and Exchange Board of India Consultation Paper Streamlining the Timelines followed in Open Offers and Buy-back Tender Offers Objective 1. The objective of this paper is to seek comments / v...
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Resident Indian bound to repatriate income earned on assets held outside India
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2902 TO BE ANSWERED ON MONDAY, 21st MARCH, 2022/ PHALGUNA 30, 1943 (SAKA) Repatriation of Income...
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Periodic Updation of Customer KYC
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 2907 TO BE ANSWERED ON TUESDAY, 21st MARCH, 2022/ 30 Phalguna, 1943 (Saka) Periodic Updation o...
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GST Rates on Diamonds and Life Saving Medicines
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO.*177 TO BE ANSWERED ON MONDAY THE 14TH MARCH, 2022 PHALGUNA 23, 1943 (SAKA) GST ON DIAMONDS AND LIFE SAVING...
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Many State Govts requested for extension of GST compensation payment period
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO-170 ANSWERED ON-14/03/2022 GST COMPENSATION 170. SHRI Y.S. AVINASH REDDY: Will the Minister of FINANCE be pl...