Clarification on spending of CSR funds for COVID-19 vaccination
Date : 30th July 2021 Ma’am/sir(s), The Ministry vide General Circular No. 10/2020 dated 23.3.2020 clarified that spending of CSR funds for COVID-19 is an eligible CSR activity. In Continuation…
Monetary Penalties to be imposed by an Insolvency Professional Agency.
28th July, 2021 To All Registered Insolvency Professional Agencies All Registered Insolvency Professionals (By mail to registered email addresses and on website of the Board) Dear Madam /Sir, The Disciplinary…
How push for factoring could benefit the MSME sector
In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs Topics MSMEs | NBFCs | TReDS On July 26, the Lok…
Companies (Incorporation) Fifth Amendment Rules, 2021.
New Delhi, the 22nd July, 2021 G.S.R. 503(E).—In exercise of the powers conferred by sub–sections (1) and (3) of section 16, and sub–sections (1) and (2) of section 469 of…
Commencement Notification dated 22-7-2021.
New Delhi, the 22nd July, 2021 S.O. 2904(E).—In exercise of the powers conferred by sub–section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central…
Income-tax (20th Amendment) Rules, 2021.
New Delhi, the 27th July, 2021 G.S.R. 509(E).—In exercise of the powers conferred by section 139 and section 148 read with section 295 of the Income-tax Act, 1961 (43 of…
Access for Non-banks to Centralised Payment Systems
July 28, 2021 The Chairman / Managing Director / Chief Executive Officer Authorised Non-bank Payment System Providers Madam / Dear Sir, A reference is invited to Paragraph 9 of the…
Removal of Bank account attached by the Statutory Authorities, in respect of the Corporate Debtor – Insolvency and Bankruptcy Code, 2016
Subject – Insolvency and Bankruptcy Code, 2016 Case – Duncans…
Loans and Advances – Regulatory Restrictions
July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5…
Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
20th July, 2021 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI)…