Introduction Multi State Cooperative Societies Act, 2002 was enacted to consolidate and amend the laws relation to Cooperative societies with objects not confined to one state. MSCS is a Cooperative Society with objects to serve the interest of the members in more than one State. A registered MSCS shall be a body corporate with limited […]
Keeping in view the hardships faced by the people of Punjab on account of extension of curfew/lockdown up to 3rd May, 2020 and to mitigate the impact of COVID-19 pandemic, Hon’ble Chief Minister, Punjab has approved following relief measures for electricity consumers:
Definitions as per States RERA Rules (All States) – The Real Estate Regulation and Development Act 2016 aims to safeguard and provide effective consumer protection, uniformity and standardization of business practices and transactions in the Real Estate Sector. The Act provides for establishment of Real Estate Regulatory Authority for regulation and promotion of real estate […]
It was almost a foregone conclusion that the lockdown will be extended. Most of the states wanted it and the Centre was apparently not having a different opinion either. The virus was literally a bolt from the blue and the alleged lack of transparency of the Chinese authorities definitely aggravated the situation. The jury is […]
Several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 related social distancing norms and consequential restrictions linked thereto.
Advisory issued by ICAI to approximately 35,000 firms eligible for Bank Branch Audit for initiating the process of Statutory Bank Branch audit remotely to ensure timely and effective Bank Branch Audit. The said advisory was also shared with all Central Statutory Auditors for their information. Advisory issued to approximately 35,000 firms eligible for Bank Branch […]
Banks are advised to extend benefit of Interest Subvention (IS) of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loans upto ₹3 lakh to farmers whose accounts have become due or shall become due between March 1, 2020 and May 31, 2020. Reserve Bank of India RBI/2019-20/224 FIDD.CO.FSD.BC.No.24/05.02.001/2019-20 April 21, 2020 […]
It has come to the notice of Professional Development (PD) Committee of Institute of Chartered Accountants of India (ICAI) that one of the public sector banks (PSBs) has requested that Indian Banks’ Association (IBA) to consider the representation on exemption from statutory bank branch audit, for the year ended March 31, 2020, in view of […]
Laying down of modalities for import of Peas and Pulses for the fiscal year 2020 – 2021. Ministry of Commerce and Industry vide Notification No. S.0.1225 (E) dated 28th March. 2020 allowed import of following items as per annual quota indicated against them:
Restriction on import of Pulses. Department of Commerce, Ministry of Commerce & Industry vide Notification No. S.0.1225 (E) dated 28th March, 2020 allowed import of following items as per annual quota indicated against them and the same will be allowed only to the Millers/Refiners as per procedure to be notified by Directorate General of Foreign Trade.
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