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Notifications/Circulars

CBIC Notifies Rate of Exchange of Turkish Lira wef 25.03.2021

March 24, 2021 579 Views 0 comment Print

CBIC notifies Rate of Exchange of Turkish Lira against India Rupees wef 25th March, 2021, vide Notification No. 32/2021-Customs (N.T.), Dated: 24th March, 2021. Government of India Ministry of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi Notification No. 32/2021 – Customs (N.T.) Dated the 24th March, 2021 In exercise […]

IRDAI Advisory- Fraudulent messages / unsolicited commercial messages

March 24, 2021 753 Views 0 comment Print

All Insurers are hereby directed to register their templates of the messages with their respective telecom service providers in controlling unsolicited calls including fraudulent calls and massages from Insurers to the Policyholders.

Extension of timelines for sale & renewal of Covid policies

March 24, 2021 570 Views 0 comment Print

In partial modification of Clause 5 of Guidelines on introduction of short term health insurance policies providing coverage for COVID-19 specific diseases of Circular no: IRDAI/HLT/REG/CIR/156/06/2020 dated 23.06.2020 all insurers are permitted to offer and renew short term Covid specific health policies up to 30.9.2021.

Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 introduced in Lok Sabha

March 24, 2021 825 Views 0 comment Print

Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to amend the definition of major airport so as extend its scope to determine the tariff for a group of airports also, which will encourage development of smaller airports.

Companies (Audit and Auditors) Amendment Rules, 2021

March 24, 2021 67482 Views 2 comments Print

MCA has vide its Notification Dated 24th March 2021 notified Companies (Audit and Auditors) Amendment Rules, 2021  and omitted clause (d) of Rule 11 of Companies (Audit and Auditors) Rules, 2014 and added clause (e), (f) and (g). The analysis of pre and post amendment of other matters to be included in the Auditor’s Report […]

Companies (Accounts) Amendment Rules, 2021

March 24, 2021 96324 Views 9 comments Print

Companies (Accounts) Amendment Rules, 2021 MCA has vide its notification dated 24.03.2021 (Companies (Accounts) Amendment Rules, 2021) notifies that for the financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature […]

MCA notifies amendment in section 124 & 247 of Companies Act, 2013

March 24, 2021 24240 Views 0 comment Print

MCA Notifies the date of commencement of Section 23 and Section 45 of Companies (Amendment) Act, 2020 The Ministry of Corporate Affairs (MCA) vide its Notification Date appointed the 24th March 2021 for commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Comparative Sections are as follows:- S No. Section of […]

Clarifications on provisions of Direct Tax Vivad se Vishwas Act

March 23, 2021 13101 Views 0 comment Print

Sections 10 and 11 of Vivad se Vishwas empower the Central Government / Central Board of Direct Taxes to issue directions or orders in public interest or to remove difficulties. In order to facilitate the taxpayers, clarifications under the said sections in form of answers to frequently asked questions (FAQs) were issued vide circular no. 9/2020 dated 22nd April. 2020 (covering FAQ 1-55) and circular no. 21/2020 dated 4th December, 2020 (covering FAQ no. 56-59).

Lok Sabha Passes Finance Bill 2021 (Read Bill)

March 23, 2021 7512 Views 0 comment Print

Finance bill 2021 was introduced in Lok Sabha on 01st February 2021 and the same is passed by Lok Sabha with around 127 Amendments on 23rd March 2021. Download Finance Bill 2021 as passed by Lok Sabha Govt proposes 127 amendments to Finance Bill, 2021 Lok Sabha Passes Finance Bill 2021 (Read Parliament Proceedings) Full […]

Non-centrally cleared derivatives exposures will remain outside Large Exposures

March 23, 2021 768 Views 0 comment Print

On a review it has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021.

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