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Archive: 27 March 2020

Posts in 27 March 2020

NO- Additional Fees on e-forms and Board Meeting Gap

March 27, 2020 4485 Views 0 comment Print

MCA has issued General Circular No. 11/2020 dated 24th March, 2020 on Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak which includes measures related to waiving Additional Fees on delayed submission of  e-forms and relaxation related to Maximum GAP between two Board Meetings. Language of […]

Declare national financial emergency in Country in the wake of coronavirus

March 27, 2020 10758 Views 0 comment Print

Centre For Accountability And Systemic Change (CASC) has filed a petition in Supreme Court for direction to Ministry Of Home Affairs/Central Government to declare national financial emergency in the Country in the wake of the coronavirus (COVID-19) pandemic. Relevant text of the Petition is as follows:- MOST RESPECTFULLY SHOWETH: 1. Writ Petition in public interest […]

Addendum to Lockdown Guidelines of MHA dated 24.03.2020

March 27, 2020 2211 Views 0 comment Print

ddendum to Guidelines annexed to the Ministry of Home Affairs Order No. 40-3/2020-D dated 24.03.2020 Addition in exemption to Clause 1: Term treasury Pay & Accounts Offices. Financial Advisers and held offices of the Controller General of Accounts, with bare minimum staff

ICAI postpones May 2020 CA Exams; Exams to start from 19.06.2020

March 27, 2020 23553 Views 7 comments Print

Chartered Accountant Examinations initially scheduled from 2nd May 2020 to 18th May 2020 stand rescheduled and the said examinations shall now be held from 19th June 2020 to 4th July, 2020 as per details given below.

RBI Relaxation Due to Covid 19

March 27, 2020 2325 Views 0 comment Print

RBI governor vide Press Conference dated 27.03.2020 has discussed about various relaxation due to COVID 19. 1. Targeted Long Term Repos Operations (TLTROs): Reserve Bank will conduct auctions of targeted term repos of up to three years tenor of appropriate sizes for a total amount of up to ₹ 1,00,000 crore at a floating rate […]

At-1 Bonds- A Conundrum In The Indian Bond Market

March 27, 2020 4548 Views 4 comments Print

The article deals with Additional Tier-1 Bonds, popularly known as ‘AT-1 Bonds’ and the recent restructuring plan proposed by the Reserve Bank of India for Yes Bank which has also resulted in writing off the AT-1 Bonds in totality, while using its powers conferred by the virtue of section 45 of the Banking Regulation Act, 1949.

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