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Archive: 30 March 2020

Posts in 30 March 2020

Validity of expired Driving Licences & Vehicle Registration extended till June 30

March 30, 2020 6624 Views 3 comments Print

It has come to the notice of the Government that citizens are facing difficulties in renewal of validity of various documents related to Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 due to complete lockdown in the country and closure of Government Transport Offices.

Compliances to be met by units / developers / co‐developers of SEZs relaxed

March 30, 2020 14160 Views 0 comment Print

Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special Economic Zones (SEZs). Such compliances to which the relaxations will apply

CSR- A Genuine need of this time

March 30, 2020 1758 Views 0 comment Print

India is the only Country in entire world which has made spending towards CSR mandatory for certain categories of Companies and now considering the present condition where the widely spread novel Corona Virus has already impacted the entire nation

Resignation of Director & Applicable Provisions of Companies Act, 2013

March 30, 2020 47931 Views 8 comments Print

It is a well-known fact that, a Company is an artificial person and act through human beings, which are appointed according to provisions of the Companies Act, 2013. The person appointed to carry on business of a company are called director. A director will act as an agent of the Company and their collective authority […]

Coronavirus and Financial Reporting Guidelines by ICAI

March 30, 2020 2409 Views 0 comment Print

As of March 2020, the world is dealing with the presence of the global spreading of COVID-19 or popularly known as the Coronavirus. At the beginning of March 2020, the World Health Organization, after analyzing the dire spreading of the virus on a global scale, declared Coronavirus as a “global pandemic”. This global bio-crisis came […]

Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020

March 30, 2020 3030 Views 0 comment Print

Today Government notifies Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020 which further amended further amend the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th March, 2020 G.S.R. 226(E).—In exercise […]

All about FAR for Investment by Non-residents in Govt Securities 

March 30, 2020 2316 Views 0 comment Print

Reserve Bank of India RBI/2019-20/200 A.P. (DIR Series) Circular No. 25 Dated: March 30, 2020 To All Authorized Persons Madam / Sir ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and […]

FAR for Non-residents Investment in specified Govt Securities

March 30, 2020 567 Views 0 comment Print

The Reserve Bank shall notify the Government securities that shall be eligible for investment under the FAR (hereinafter, ‘specified securities’). These securities will continue to be eligible for investment by residents. ‘Specified securities’, once so designated, shall remain eligible for investment under the FAR until maturity.

Special Clearing Operations for Govt cheques on March 31 2020

March 30, 2020 396 Views 0 comment Print

To facilitate accounting of all the Government transactions for the current financial year (2019-20) by March 31, 2020, it has been decided to conduct a Special Clearing exclusively for Government cheques at all clearing houses across the country on March 31, 2020

PSU Banks Amalgamation- SLBC/ UTLBC Convenorship & Lead Bank responsibilities

March 30, 2020 954 Views 0 comment Print

Reserve Bank of India RBI/2019-20/197 FIDD.CO.LBS.BC.No.22/02.01.001/2019-20 March 30, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks and Lead Banks Madam / Dear Sir, Amalgamation of Public Sector Banks – Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab […]

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