Submission of Annual report to BSE though the XBRL Taxanomy of MCA
The Bombay Stock Exchange (BSE) has released a circular to inform companies that it has adopted the XBRL taxonomy issued by the Ministry of Corporate Affairs, Government of India, for submission of Financial Statements in XBRL mode. This circular was released in continuation to the Circular to the Companies dated February 08, 2019 with regards […]
Norms for conducting E-KYC under Anti-money Laundering Law
The Ministry of Finance’s recent circular lays down a step-by-step process for banking and non-banking companies to use the Aadhaar no. for e-KYC process of their clients Early this year, a new provision laying out the manner in which banking companies, financial institutions, intermediaries and persons carrying out business or profession (“reporting companies”) may conduct […]
DIN of directors to show e-form ACTIVE non-compliances for failure to file the Form INC 22A
In an endeavors to check shell companies, the Ministry of Corporate Affairs had brought out an electronic form, ACTIVE (Active Company Tagging Identities and Verification) (‘Form INC-22A’) through Rule 25A of the Companies (Incorporation) Rules, 2014 inserted by the Companies (Incorporation) Amendment Rules, 2019. According to Rule 25A, each company incorporated on or before December […]
