"23 March 2021" Archive - Page 2

Non-centrally cleared derivatives exposures will remain outside Large Exposures

RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 23/03/2021

On a review it has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021....

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GST Changes From 01/04/2021 & things to do before 31/03/2021

1. E-Invoicing is Mandatory for Registered Person under GST if Supply (Turnover) (U/s 7(1) of CGST Act 2017) for the FY 2020-21 Exceeds Rs. 50 Crores. (Notification No. 05/2021 – Central Tax Dated 08/03/2021.) 2. Regular Registered Person wanting to opt for Composition Scheme for FY 2021-22 may apply for change on or before 31/03/2021. ...

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Posted Under: Fema / RBI |

Incorporation of One Person Company (OPC)

Meaning of OPC: As Per Section 2 (62) of the Companies Act, 2013 “One Person Company” means a company which has only one person as member. OPC is basically a Private Company. Only natural person who is Indian Citizen can incorporate OPC. Only one person is needed to incorporate OPC and such person shall be […]...

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Posted Under: Fema / RBI |

Benefits of Social Security Schemes to Senior Citizens

Department of Social Justice and Empowerment has formulated the scheme of National Action Plan for Senior Citizens (NAPSrC) with effect from 01.04.2020 which has a sub-scheme of Programmes for National Institute of Social Defence for Senior Citizens (NISDSrC)....

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Posted Under: Fema / RBI |

Extending deadline of CFSS and LLP Settlement Scheme

Ministry of Corporate Affairs Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme Posted On: 23 MAR 2021 The Ministry of Corporate Affairs (MCA) through the General Circular no. 12/2020 dated 30.3.2020, launched the “Companies Fresh Start Scheme, 2020 which inter- alia provided opportunity to companies to ma...

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Posted Under: Fema / RBI |

Why to form a Private Limited Company & How to give a Corporate Identity to your business?

Looking for a start up having long term well grounded business plan? Looking to give a Corporate Identity to your business? Looking for creation of an Artificial Juridical Person? Here now, you can stop thinking and get a solution for above queries by forming a Private Limited Company. Many entrepreneurs are in dilemma that which [&hellip...

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Posted Under: Fema / RBI |

MHA Guidelines for effective control of COVID-19

No. 40-3/2020-DM-I(A) 23/03/2021

States/ UTs mandated to strictly enforce Test- Track-Treat protocol, Containment measures,COVID-Appropriate behavior and SOPs on various activities...

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Private Placement Provisions under Companies Act 2013

Lack of funds is very crucial reason to affect the health of business in India. To cope of with Dynamic Business Rush for expansion of existing one or setting up new venture / projects by small or Private limited company need sufficient money or working capital. Applicable Section: Section 42 of Companies Act, 2013 Applicable […]...

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Posted Under: Fema / RBI |

ICAI Technical Guide on Revised Formats of Long Form Audit Report

The Reserve Bank of India has issued revised formats of Long Form Audit Report (LFAR) for banks and their branches vide its circular dated September 5, 2020 which are applicable for audits for financial year 2020-21 and onwards. Revised formats of LFAR contain several significant changes and several new reporting requirements vis-à-vis e...

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Posted Under: Fema / RBI |

Rescheduling of Mock Test Paper Series I for May 2021 CA Examination

On account of request received, Mock Test Paper Series I is rescheduled from 30th March 2021 in place of 24th March 2021 for students appearing in CA Foundation, IIPC & Intermediate; Final Old & New May 2021 examination. Accordingly, Students are advised to refer the following Revised Schedule of these mock tests:...

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Posted Under: Fema / RBI |

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