"17 April 2021" Archive - Page 3

Retirement Planning: Five key milestones to check before you turn Fifty

Retirement planning is not an easy task. It requires an organized approach to ensure that life post retirement for a person remains worry free for an individual. Since in our country, social security is conspicuous by absence for majority of people, it becomes very important for a person to prepare for retirement as early as […]...

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Posted Under: Finance |

Insolvency Ordinance on Pre-packaged Deals – A Lifeline in Havoc

The IBC region witnessed another IBC amendment ordinance 2021 that provides relief to the micro, small and medium enterprises.  Any default of one crore or less can be initiated under the pre-packaged process by the corporate debtor....

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Posted Under: Finance |

Annual Compliances For Private Limited Company

As per Section 2(68) of Companies Act, 2013, “Private Company“ means a company having a minimum paid-up share capital as may be prescribed, and which by its articles: > restricts the right to transfer its shares; >  except in case of One Person Company, limits the number of its members to two hundred: Provided that [&hellip...

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Posted Under: Finance |

Bank of England: The economic position of United Kingdom in Q1, 2021

While browsing the website of the prestigious Bank of England, I happened to come to the following interesting study on the U.K. economy published by the Bank based on its 12 agents’ discussions with at least 700 businesses across the UK for the first quarter of 2021. The heads covered were consumer demand, business, and […]...

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Posted Under: Finance |

Changes in Companies Audit and Accounts Rules 2014

GSR 205(E) and GSR 206(E) 24/03/2021

1. Changes in Companies (Audit and Auditors) Rule 2014: – The auditor’s report shall also include their views and comments on the following matters: > Whether the management has represented that, other than as disclosed in the notes to accounts, no funds have been advanced or loaned or invested (either from borrowed funds or sh...

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Posted Under: Finance |

E Commerce business operations in non essential items under Covid guidelines

Confederation of All India Traders has requested Minister of Commerce and Industry Shri Piyush Goyal to intervene & ensure that e-commerce companies are not allowed to deliver non-essentials in States where lockdown has been announced as same is Extremely important to maintain parity between online & offline trade. Confederation o...

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Posted Under: Finance |

Section 144 Assessment based on credit entries in bank- Draft Submission

Looking only at the credit entries of the bank and assessment made u/s 144. The assessment framed is vague without looking at the complete bank of the assessee. This article contains the written submissions regarding how important it is looking at the complete material for reopening of assessment and assessment framed u/s 144 of the [&hel...

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Posted Under: Finance |

Emergency Credit Line Guarantee Scheme (ECLGS)

Detailed Guidelines & FAQs of Emergency Credit Line Guarantee Scheme for all Business Enterprises/MSME Institution borrowers with loans of up to Rs. 25 Cr. & annual turnover of up to Rs. 100 Cr. The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by CO...

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Posted Under: Finance |

Pharma companies reduces prices of major brands of Remdesivir

File No. 37008/2021/Div.VI/NPPA 17/04/2021

On the intervention of the Government, the major manufacturers/marketers of ‘Remdesivir injection’ have reported voluntary reduction in Maximum Retail Price (MRP). The revised prices of major brands of ‘Remdesivir injection 100mg/Vial’ are as follows:...

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Covid reports (positive) to be given to patient first, then upload on ICMR website: HC

Court on its own motion Vs Union of India and others (Bombay High Court)

After making the reports available to the patients on Whatsapp as also hard copy of it, the reports of the patients, who test positive shall be uploaded on the ICMR portal within 24 hours and the reports of the patients who test negative should be uploaded on the ICMR portal within 7 days and if these directions are not complied with by t...

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