RBIs new framework for Green Deposits effective from June 2023. Understand the meaning, actionable steps, and exclusions. Regulated entities include banks, NBFCs, and HFCs. Allocate deposits towards renewable energy, climate resilience, biodiversity, and more. Explore the comprehensive policy requirements and reporting mandates. Stay informed about excluded projects and mandatory impact assessments. Think green for a sustainable future. Source: RBI’s Framework for acceptance of Green Deposits.
Understand the implications of MCA’s new rules on foreign investment from countries sharing land borders with India. Learn how this move impacts investors from Pakistan and Bangladesh.
Nidhi (Amendment) Rules, 2022-Fresh Legal Web Spinned For Nidhi Companies With the advent of Nidhi (Amendment) Rules, 2022 made effective from 19th April, 2022, yet another set of new legal compliances have been imposed on Nidhi Companies by the Ministry of Corporate Affairs ( MCA ) in wake of the rising frauds and mis-deeds of […]
Ever since the extension in filing dates has been announced by the Income Tax Department, rumors with regard to extension in holding the AGM’s have manifolded. The basis of such rumors rests upon: ♥ The extension granted by the Income Tax Department in filing the Returns. ♥ Wrong interpretation of Circular No. 2/2021 issued on […]
Non Adherence to Secretarial Standards lands Companies in a soup ;ROC imposes penalty The Companies Act, 2013 has entered into a maturity phase as its inception is over seven years. Secretarial Standards were introduced to plug in the gap that the Act did not provide for as a measure of good Corporate Governance. Yet, the […]
COVID 19- IMPACT KEY HIGHLIGHTS FOR RELIEF IN FINANCIAL SECTORS AND RETURN DUE DATES Ministry of Corporate Affairs Requirement to hold mandatory board meetings relaxed for 60 days for next two quarters The government on Tuesday, 24th March 2020 , said that the mandatory requirement of holding board meetings is being relaxed by a period […]
A mandatory community social service as per Section 135 of The Companies Act, 2013 with penal implications for non compliance Eligibility Criteria Every Company having: a) A net worth of Rs. 500 crore or more OR b) Annual turnover of Rs. 1000 crore or more OR c) A net profit of Rs 5 crore or […]
MCA wef 25.07.2019 has brought changes in Companies (Appointment and Qualifications of Directors) Rules, 2014 by amending it for the third time in year 2019. The salient features of the amendment are: 1. A new E-form DIR-3 KYC WEB is been introduced which needs to be filled in by every Director who has already filed […]
The Ministry of Corporate Affairs vide notification dated.10.09.2018 had introduced a new set of compliance regime for Unlisted Public Companies under Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 by inserting a new sub rule 9A after the existing Rule . Benefits entailed 1. Transparency 2. Protection of the interest of the Investors […]
Climb the steps to achieve the goal of Conversion of a Public Limited Company into a Private Limited Company Rule 41 has been recently added in The Companies ( Incorporation) Rules vide Companies (Incorporation) Fourth Amendment Rules 2018 made effective from 18.12.2018. The detailed and step wise presentation is been made for better and easy […]
