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Election Laws (Amendment) Bill, 2021 introduced in Lok Sabha

December 15, 2021 1806 Views 0 comment Print

Election Laws (Amendment) Bill, 2021 is introduced in Lok  Sabha to amend section 28 of the Representation of the People Act, 1950 which confers power upon the Central Government to make rules. The matters on which rules may be made, inter alia, relate to—(a) the authority and the form and manner of intimation of Aadhaar […]

Reopening of Assessment Not Permissible for Change of Opinion

December 15, 2021 1731 Views 0 comment Print

Skoda Auto Volkswagen India Private Limited Vs ACIT (Bombay High Court) Petitioner had in its annual report mentioned about the technical know how fee, royalty and technical assistance fee that it had paid to Skoda Auto a.s. and Volks Wagen AG. Petitioner had also filed Form 3CEB in which it had disclosed about details and […]

Steps taken by Govt to increase exports & its share in GDP

December 15, 2021 1275 Views 0 comment Print

SHARE OF EXPORTS IN GDP Government has been facilitating, monitoring, assisting and channelizing efforts to increase the exports and thereby its share in GDP through a target-driven approach by engaging all stakeholders, across states and districts. Despite the pandemic, the share of India’s total exports (Good & Services) to GDP was 18.7% in 2020-21, which […]

Measures taken by Govt to boost exports

December 15, 2021 3264 Views 0 comment Print

IMPACT OF COVID-19 ON EXPORTS India’s merchandise exports in April-November 2021 was USD 263.78 billion which is 65.95% of export target of USD 400 billion for 2021-22, while till October 2021, merchandise exports was USD 233.90 billion. Government has increased the present period of realization and repatriation of the amount representing the full export value […]

Key initiatives taken by Government for Fintech ecosystem in India

December 15, 2021 10746 Views 0 comment Print

With Fintech adoption rate at 87% against the global average of 64%, India has emerged as one of the largest digital markets in the world. Fintech Sector has huge potential in India, supported by an enabling policy and digital infrastructure framework. As per industry estimate, India has over 676 million smartphone users, over 1.2 billion telecom subscribers […]

Clarification on holding of AGM through VC or OAVM

December 14, 2021 5895 Views 0 comment Print

It has also been decided to allow the companies who are proposing to organize AGMs in 2022 for the Financial Year ended/ending any time before/on 31.03.2022 through VC or OAVM as per the respective due dates by 30th June, 2022

12,892 companies removed from Registrar of Companies in 2020-21

December 14, 2021 1905 Views 0 comment Print

12,892 companies removed from Registrar of Companies in 2020-21 The removal of name of companies from the Registrar of Companies is a continuous process. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. The Minister stated that companies can also […]

More than 7 lakh companies incorporated after announcement of Make in India programme

December 14, 2021 1083 Views 0 comment Print

More than 7 lakh companies incorporated after announcement of Make in India programme ‘Make in India’, is an initiative launched on 25th September 2014, a major national programme of the Government of India designed to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. This was […]

SEBI constitutes ‘Advisory Committee for Leveraging Regulatory & Technology Solutions

December 14, 2021 1014 Views 0 comment Print

SEBI has constituted an ‘Advisory Committee for Leveraging Regulatory and Technology Solutions (ALeRTS)’ headed by Ms. Madhabi Puri Buch, Ex-Whole Time Member, SEBI, and comprising experts from various technology domains as members.

eForm INC-22A – Active Company Tagging Identities & Verification (ACTIVE)

December 14, 2021 2781 Views 0 comment Print

Part I – Law(s) Governing the eForm INC-22A Section and Rule Number(s) Rule 25A: Active Company Tagging Identities and Verification (ACTIVE).- (1) Every company incorporated on or before the 31st December, 2017 shall file the particulars of the company and its registered office, in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before […]

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