In view of liquidity strains imposed on Mutual Funds by Covid-19 global pandemic, RBI has announced Rs 50000 crore Special Liquidity Facility for Mutual Funds (SLF- MF).
In a view to combat challenges of COVID-19 Pandemic , SEBI on 27th April,2020 Vide PR No.:24/2020 notified to reduce Broker Turnover Fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares. The broker turnover fee will be reduced to 50% of the existing fee structure for the period […]
The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups, today stated that these observations are completely unfounded and are total misrepresentation of facts.
In the wake of challenges for the Indian economy arising out of the Covid-19 pandemic and with a view to improving access to funding to the corporates through capital markets, SEBI has decided to grant certain temporary relaxations from the regulatory provisions related to rights/ public issuances by listed entities.
It has been decided by SEBI that the relief measures implemented since March 23, 2020 will continue to be in force till May 28, 2020. The stock exchanges and clearing corporations will be issuing necessary instructions to the market participants in this regard.
In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month.
It is Clarified that the employers who seeks to avail the Relief, need to file ECR for wage month March , 2020, on or before 15.05.2020, duly certifying the disbursement of wage to employees by declaring actual date of disbursement of wages for march 2020.
Central Board of Direct taxes (CBDT) today said that it has already issued over 10.2 lakh refunds totalling to around Rs. 4,250 crore as on 14th April 2020. These refunds are over and above the 2.50 crore refunds already issued in FY 19-20 till 31st March 2020 totalling Rs 1.84 lakh crore.
Further Clarification vide General Circular No 17/2020 on passing of ordinary and special resolutions by companies under the Companies Act, 2013 and rules made thereunder on account of the threat posed by COVID-19
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:
