"31 March 2021" Archive - Page 3

Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021

ECLGS 3.0 would involve extension of credit of upto 40% of total credit outstanding across all lending institutions as on 29.02.2020. The tenor of loans granted under ECLGS 3.0 shall be 6 years including moratorium period of 2 years....

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Posted Under: Finance |

Standard products on Fire and Allied perils insurance business

On 4th January, 2021, the Authority had announced the launch of the following three standard products by all general insurers carrying on the business of Fire and Allied perils insurance business, with effect from 1st April, 2021...

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Posted Under: Finance |

Govt notifies Amendments to Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

Notification No. S.O. 1420(E) 31/03/2021

In exercise of the powers conferred by section 164 of the Finance Act, 2021 (13 of 2021), the Central Government hereby appoints the 1st day of April, 2021 as the date on which the provisions of Part XIII of Chapter VI of the said Act shall come into force....

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A little something to boost your spirits for F.Y. 2021-22

Today on the 31st of March 2021, a small recap on the Financial Year we just completed! P.S.- 1. Not quoting any technical stuff here 2. Just a general analysis 3. Solely personal views and experience!!! On 01.04.2020, this year began with uncertainty, fear, panic, and all other negative emotions one can think of. Job […]...

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Posted Under: Finance |

Enhanced 74% FDI in Insurance provisions applicable from 01.04.2021

Notification No. S.O. 1426(E) 31/03/2021

Insurance (Amendment) Act, 2021 raises limit of foreign investment in Indian insurance companies from the existing 49 per cent to 74 per cent. No Government provided that these provisions will be effective from 1st day of April, 2021 . MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st March, 2021 S.O....

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Section 232(6) of Companies Act, 2013 enables companies to choose & state ‘appointed date’ in amalgamation scheme

RHI India Private Limited & Ors. (Appellants) Vs Union of India (NCLAT)

The NCLAT observed that the Ministry of Corporate Affairs, General Circular dated August 21, 2019 has clarified that section 232(6) of Companies Act, 2013 enables the companies in question to choose and state in the scheme an ‘appointed date'. This date may be a specific calendar date or may be tied to the occurrence of an event such as...

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Posted Under: Finance | |

Let’s Become a Statutory Auditor: Stat Audit Checklist

So, we are again at the close of the financial year 2020-21 and across our responsibility as an auditor of expressing our opinion on true and fair view of the financial statements. As a statutory auditor we are expected to check the compliances with respect to Companies Act,2013....

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Posted Under: Finance |

Sunset review investigation initiated on imports of Cold Rolled/cold reduced flat steel products

Case No. AD (SSR)-06/2021 31/03/2021

Case No. AD (SSR)-06/2021Initiation of sunset review investigation concerning imports of ―Cold Rolled/cold reduced flat steel products of iron or Non-Alloy Steel, or other Alloy Steel, of all width and thickness, not clad, plated or coated‖ originating in or exported from China PR, Japan, Korea RP and Ukraine...

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Sunset review investigation initiated on imports of Hot-Rolled flat products of steel

Case No.AD (SSR)-05/2021 31/03/2021

Case No. AD (SSR)-05/2021 Initiation of sunset review investigation concerning imports of Hot-Rolled flat products of alloy or  non-alloy steel from China PR, Japan, Korea RP, Russia, Brazil and Indonesia...

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Anti-dumping investigation on imports of Certain Rubber Chemicals

Case No. AD (OI)-04/2021 31/03/2021

Case No. AD (OI)-04/2021 Initiation of anti-dumping investigation concerning imports of Certain Rubber Chemicals viz., TDQ originating in or exported from China PR, European Union and Russia, PVI originating in or exported from China PR, and CBS originating in or exported from China PR and European Union....

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