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Archive: 29 March 2022

Posts in 29 March 2022

Share of MSMEs in exports to Russia and Ukraine

March 29, 2022 243 Views 0 comment Print

The share of Micro, Small and Medium Enterprises (MSMEs) export to Russia and Ukraine during the last three years is as follows: Value in USD Million India’s Export   2018-19 2019-20 2020-21 Value Value Value Selected commodities (MSMEs) to Russia 1432.53 1819.41 1548.27 Total export to Russia 2389.62 3017.75 2655.84 % Share of MSME exports […]

ICSI Requests clarification & extension for filing of Form CSR-2

March 29, 2022 11568 Views 0 comment Print

ICSI requested MCA to provide clarification on the queries being shared to enable the professionals to file the e-form. It is also requested to extend the timelines to file Form CSR-2 by the companies for the preceding financial year 2020-2021 from 31st March, 2022 to 30th June, 2022. The Institute of Company Secretaries of India IN […]

SEBI Board decides to simplify procedure for transmission of securities

March 29, 2022 1062 Views 0 comment Print

SEBI Board approved the proposal to amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for simplification of procedure for transmission of securities.

SEBI Operational guidelines for ‘Security & Covenant Monitoring’ using DLT

March 29, 2022 1770 Views 0 comment Print

As the backbone of the DLT system would be uniqueness of assets recorded in the DLT system, a system generated unique identifier (Asset ID) shall be allotted for each asset offered by Issuer as security for the non-convertible securities.

Ease of doing business important for widening of Tax base under GST CAIT

March 29, 2022 1083 Views 0 comment Print

CAIT said that for widening the tax base under GST it is most important that ease of doing business should be provided to the business community across the Country.

Recovery against Gross NPAs improves to 14.69% in FY 2019-20

March 29, 2022 942 Views 0 comment Print

Gross non-perofrming assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserve Bank of India (RBI) data, recovery made by public sector banks (PSBs) during the financial year as a percentage of gross non-performing assets (NPAs) as on beginning of the financial year (FY) has improved from […]

More than 37,000 users joined UPI123Pay since its launch on 8.3.2022

March 29, 2022 237 Views 0 comment Print

Various steps have been taken by Reserve Bank of India (RBI) to expand the reach of UPI outside India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today.

India’s aim is to become world’s largest Startup destination

March 29, 2022 516 Views 0 comment Print

Today we are the third largest Startup ecosystem, but our aspiration is to be the world’s number one startup destination. The Startup bug has caught India’s imagination. The entire innovation ecosystem that the Startup industry represents is giving a new direction, new momentum to India

An analysis of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme, 2022

March 29, 2022 11394 Views 0 comment Print

Government of Maharashtra has proposed to introduce an amnesty scheme to be called as Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee 2022

Conversion of Private Company into Public Company

March 29, 2022 89679 Views 0 comment Print

Running a private Limited Company has its own benefits and limitations as well. When a brand decides to go huge, then having a Public company comes as a first thought in the managements mind. You will feel why ? Let me tell you with the following examples :- 1) A Private Company has a limitation […]

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