Union Budget proposes measures to deepen Corporate Debt markets Government will work with regulators RBI/SEBI to enable stock exchanges to allow AA rated bonds as collaterals A number of measures to further deepen bond markets have been proposed by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget […]
Union Budget proposes creation of a social stock exchange- under the regulatory ambit of Securities and Exchange Board of India (SEBI) for listing social enterprises and voluntary organizations Government to take up necessary measures for inter-operability of RBI depositories and SEBI depositories Creation of a social stock exchange has been proposed by the Union Minister […]
Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit Government will provide one time six months’ partial credit guarantee to Public Sector Banks for first loss of up to 10% Appropriate proposals for strengthening regulatory authority of RBI over NBFCs being placed in Finance Bill Public Sector Banks are to […]
Union Budget proposes number of measures to enhance the sources of capital for infrastructure financing Credit Guarantee Enhancement Corporation to be set up in 2019-20 An action plan to deepen the market for long term bonds to be put in place A Credit Guarantee Enhancement Corporation is to be set up in 2019-20. This was announced by […]
LED bulb mission method to be used to promote solar stoves and battery chargers Government to launch a massive programme of railway station modernization to make railway travel pleasant. Government aims to bring greater ease of living in the lives of its citizens. Digital payments are gaining acceptance everywhere including by the Government. Use of […]
FREQUENTLY ASKED QUESTIONS ON THE COMPANIES ACT, 2013 (Revised July, 2019 Edition) To keep the members abreast of the frequent developments and also to develop their understanding about the intricacies of various new provisions of the Companies Act, 2013, the Corporate Laws & Corporate Governance Committee (CL&CGC) of the Institute of Chartered Accountants of India, […]
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today. The Key Highlights of Economic Survey 2018-19 are as follows:
INEQUITABLE AGREEMENT My builder forced me to pay ‘Penal interest’. But, he does not pay any compensation for delayed completion. What to do? As per the agreement, if the Builder abandons the whole or part of the scheme, the builders liability is limited only to refund of the Amount paid by the allottee without interest […]
TDS/ TCS taxpayers & Temp ID holder can now add Bank Account details through Non-Core Amendment of Registration. This will enable them to file refund application on GST Portal.
ICAI GUIDANCE NOTE ON DIVISION II-IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised July 2019 Edition) The Government is bringing out several changes in the Companies Act, 2013 from time to time to enhance transparency by way of mandating additional disclosures. Towards the same, the Ministry for Corporate Affairs has issued a Notification […]
