Exemption from Non-compliance of minimum residency of Director/Partner in India for a period of at least 182 days in FY 2020-21 for Companies and LLPs (MCA Circular no. 36/2020 dated 20th October, 2020) In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary special measures to […]
Securities and Exchange Board of India (SEBI) has notified Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 on 21st January, 2013 and amended from time to time. SEBI, after considering the inputs from public consultation, reviewed the framework for regulation of Investment Advisers (IA) and in exercise of the powers conferred under Section […]
Evaluation methodology to know Risk level of Mutual Fund (MF) Scheme Pursuant to SEBI Guideline for Product Labeling in Mutual Fund Schemes – Risk-o-meter dated 05th October, 2020 Market Data suggests that investor returns are, in most cases, lower than investment returns. Mutual fund advisors say that this is because investors make some common mistakes […]
How to seek Extension for AGM (Annual General Meeting) for the year ended on 31.03.2020 after MCA General Circular No. 28/2020 dated 17th August, 2020 The office of Ministry of Corporate Affairs (MCA) has received several representations for providing relaxations in the provisions of Companies Act, 2013 (the Act) or rules made thereunder to allow […]
A Company may issue Bonus Shares out of- its free reserves; Securities Premium Account; Capital Redemption Reserve Account. Further, it has been provided that Issue of Bonus Shares shall not be made out of Capitalising Reserves created out of revaluation of Reserves. Free Reserves means such reserves of the Company which is available for distribution as Dividend.
The Ministry Of Micro, Small And Medium Enterprises notifies certain criteria for classifying the enterprises as micro, small and medium enterprises and specifies the form and procedure for registration (hereafter to be known as ―Udyam Registration) as MSME, with effect from the 1st day of July, 2020, vide notification number S.O. 2119(E) dated 26th June, […]
Amid epidemic COVID-19 and continuous extension of Lockdown in the Country, the essential items shows business trend, which magnet the entrepreneur to take thought of initiation of FMCG manufacturing business in India.
MICRO, SMALL & MEDIUM SCALE ENTERPRISES INDUSTRY IN INDIA The Indian Micro, Small & Medium Scale Enterprises (MSME) sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 63.4 million units throughout the […]
Stance of few of Early Warning Signals (EWS) about some wrongdoings in the Corporate which may turn out to be fraudulent: 1. Default in undisputed payment to the statutory bodies as declared in the Annual report:
