Secretary (DPIIT), Dr. Guruprasad Mohapatra todaysaid that the Union Budget 2021 is aimed at restoring growth in the aftermath of heavy economic losses suffered by the country due to Covid-19 pandemic by enhancing the investment ecosystem in the country.
Ministry of Commerce & Industry Industrial parks and industries in the country Posted On: 05 FEB 2021 Industrial Park Scheme-2002, applicable for any undertaking which develops and operates, or, maintains and operates, an Industrial Park for the period beginning 1st day of April, 1997 and ending 31st day of March, 2006, was notified by the Department for […]
Ministry of Commerce & Industry Startup India Seed Fund Scheme Posted On: 05 FEB 2021 3:07PM by PIB Delhi Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to […]
Budget 2021 incentivizes the incorporation of One Person Companies (OPCs) by amending the Companies (Incorporation) Rules to allow OPCs to grow without any restrictions on paid up capital and turnover, allowing their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non-Resident Indians (NRIs) to incorporate OPCs in India.
Ministry of Corporate Affairs (MCA) has amended the CSR provisions by notifying the following w.e.f. 22.01.2021: a. The Companies [Corporate Social Responsibility (CSR) Policy] Amendment Rules, 2021. b. Section 27 of the Companies (Amendment) Act, 2020. c. Section 21 of the Companies (Amendment) Act, 2019. Key highlights of these amendments are as follows: ♦ Exemption […]
Every GST registered person as well as professionals filing GST returns for them are confused these days about which scheme to opt, QRMP scheme or Monthly 3B system. Like in Income Tax, Govt has introduced New Tax Slab Regime with lower tax rates & you have option to choose between old & new tax slab […]
THE IDEA OF BAD BANK BY WAY OF ASSET RECONSTRUCTION COMPANY (ARC) Governor of Reserve Bank of India Shaktikanta Das during the question-and-answer session at the 39th Palkhivala Memorial Lecture said, ‘If there is a proposal to set up a bad bank, the RBI will look at it’. The Union Budget presented on 1st February […]
UCBs shall not make, provide or renew any loans and advances or extend any other financial accommodation to or on behalf of their directors or their relatives, or to the firms / companies / concerns in which the directors or their relatives are interested
Whether our understanding, that no separate registration under the IA Regulations is required to render investment advice to general investors as we are also a fund manager of an AIF apart from being registered as a Portfolio Manager, is correct? Whether we are required to comply with general obligations and responsibilities under Chapter III of […]
The Central Government is working on setting up a Single Window System for clearances and approvals of industry in the country. Despite the presence of several IT platforms for investing in India such as in departments of the Government of India and State Single Window Clearances, investors need to visit multiple platforms to gather information and obtain clearances from different stakeholders.
