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Introduction: Ministry of Corporate Affairs vide a notification dated 20.02.2020 conveyed and strongly advised to all the Companies and LLPs to put in place an immediate plan to implement ‘Work from Home’ Policy in their headquarters and field offices. > MCA has came up with a new web based form CAR (Companies Affirmation of Readiness […]
Lock down and suspension of public transport services has been announced by many Local authorities/State Governments to curtail the spread of COVID 19 across various geographies. Keeping this in view , after due deliberation, it is suggested that Member Banks may selectively keep their branches open at such locations after due consultation with the local state government/authorities to carry out the basic essential transactions as per appeal circulated today.
Due to the developments arising due to the spread of the COVID 19 virus, a need for temporary relaxations in compliance requirements for REITs and InvITs is warranted. Accordingly, it has been decided to extend the due date for regulatory filings and compliances for REIT and InvIT for the period ending March 31, 2020 by one month over and above the timelines, prescribed under SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) and SEBI (Real estate Investment Trusts) Regulations, 2014 (REIT Regulations) and circulars issued thereunder.
Neena Nigam, IRS posted at Rajasthan requested CBDT Chairman that instructions may be issued for complete shutdown of Income tax offices in Rajasthan and extend time barring date i.e. 31.03.2020 for all the proceedings in Income tax Act and to extend deadlines in other Acts implemented by the Income tax Department. Neena Nigam, IRS Principal […]
Insurance Regulatory and Development Authority Date:23-03-2020 PRESS RELEASE To prevent the spread of Covid-19, Government of India has initiated various measures. Several States have enforced lock-down in some areas. This may result in some disruption in the operations of insurance companies and other entities connected with insurance industry. To ensure proper service to policyholders and […]
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade 23rd March, 2020 TRADE NOTICE NO. 58/2019-2020 To 1. Regional Authorities of DGFT 2. Customs Commissionarates 3. Members of Trade 4. Joint Secretary (Customs), CBIC, Department of Revenue. Subject: Modalities for import of 4 Lakh MT of Urad for […]
MCA has introduced a new form CAR (Company Affirmation of Readiness towards COVID-19) w.e.f. 23rd March, 2020. Following type of entities have to file Form CAR-2020: -Company -LLP -Foreign Company -Foreign LLP Key Features of Form It is Web based form (need to file online) There are no fees for this form. No need of […]
Amidst the worldwide fear of Novel Coronavirus, (COVID – 19), MCA has rolled down a web-based form (CAR) – 2020, i.e. Company affirmation of Readiness towards COVID 19 and maintaining social distancing. The MCA Notification states that the same will be applicable to all Companies / LLP irrespective of any criteria levied on it. Amidst […]
Indian banking system was on fire owing to Non-performing assets and the onset of COVID 2019 would perhaps turn it into a fireball impact on the vulnerable financial services sector in India. It may become increasingly difficult for the RBI to regulate and provide emergency administrative action if large number of vulnerable banks in India go down the hill considering corporate governance failures in our country.
Currently COVID -19 is a Draconian Black Truth. Due to COVID 19 whole world is in lockdown situation. Its impact and experience urges everyone to remain at home. This is really a panic situation. Everyone here is under tremendous stress considering the economic and financial loss. But at the end “Loss of Life” is always […]
