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In view of the prevailing circumstances, the Institute had also represented to Ministry of Finance, Reserve Bank of India (RBI) and other regulators to consider extending the deadlines for various statutory/regulatory compliances to avoid hardships being faced by membership due to this global pandemic. Further development in this regard will be apprised to membership.
Prime Minister Shri Narendra Modi called for a complete lockdown of the entire nation for the next 21 days beginning at midnight tonight in an effort to contain the COVID-19 Pandemic.
MCA has vide its order dated 24th March 2020 announced that CARO 2020 will applies, for the financial years commencing on or after the 1st April, 2020 instead of financial years commencing on or after the 1st April, 2019. Decision is been take considering recent Outbreak of Corona Virus. GOVERNMENT OF INDIA MINISTRY OF CORPORATE […]
In the wake of precautions being taken by various states for prevention of COVID 19 through Lockdowns and various other precautionary measures, it is seen necessary to issue clear instructions from DPIIT to State Authorities to not obstruct and call for closure of food processing units, since they manufacture food stuff and to maintain uninterrupted supply for citizens of our country.
Principal Chief Commissioner Of Income-Tax Shri Satish Kumar Gupta from Mumbai has requested the CBDT for Extension of date of Limitations under Income Tax Act, 1961 due to spread of Covid-19 Virus and related Impact on working of Department. He referred to lock -down and restricted movement to contain the spread of the viral infection. […]
FAQs on filing Form CAR (Company Affirmation of Readiness towards COVID-19) As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, they will deploy “Company Affirmation of Readiness towards COVID-19 […]
COVID-19 virus is indeed a big epidemic. But 31st March also a very important deadline which cannot be ignored at all. Inspite of the widespread of the Corona Virus, the government has not yet extended the due dates for tasks which are to be wrapped up before 31st March 2020.
In re Cognizance for Extension of Limitation (Supreme Court) This Court has taken Suo Motu cognizance of the situation arising out of the challenge faced by the country on account of Covid-19 Virus and resultant difficulties that may be faced by litigants across the country in filing their petitions/applications/suits/ appeals/all other proceedings within the period […]
As per CBIC twitter Handle A fake tweet is circulating regarding extension of date for GST return filing. It also stats that The Government is aware of the challenges faced by public due to COVID-19. Tweet further ask Taxpayers to wait for further communication in this regard. CBIC tweet at one hand is making people […]
it has been decided to clarify with regards to certain timelines for listed entities and grant relaxations to listed entities which have listed their Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS), Municipal Debt Securities (MDS) and Commercial Papers (CPs).
