Public companies shall get themselves declared as Nidhi within 9 months from commencement of Nidhi (Amendment) Rules, 2019.
A public company shall declare it as Nidhi and every Nidhi incorporated under the Act shall get itself declared within a period of 1 year from the date of its incorporation or within a period of 9 months from the date of commencement of Nidhi (Amendment) Rules, 2019.
CBDT notifies Income tax 5th Amendment Rules to make PAN inoperative if it is not linked with Aadhaar.
The Central Board of Direct Taxes in its notification dated 13th February 2020, has published the Income-tax (5th Amendment) Rules, 2020 to fix the final deadline for linking PAN with Aadhaar. The PAN of a person will become inoperative if it is not linked with the Aadhaar on or before 31-03-2020.
CBDT Prescribes procedure of PAN allotment through common application form.
The Central Board of Direct Taxes has prescribed the procedure for allotment of permanent account number through a common application form. The Common Application Form shall be applicable to new Foreign Portfolio Investors for the purpose of registration, opening of bank and demat accounts and for application for PAN.
SEBI constitutes ‘Municipal Bonds Development Committee’ to make recommendations for development of municipal debt securities market
Securities Exchange Board of India(SEBI) vide press release dated February 14, 2020, has issued Municipal Bonds Development Committee in order to make recommendations to SEBI on policy matters pertaining to development of municipal debt securities market. The committee shall advise SEBI on issues related to regulation of intermediaries, development, structural reforms and facilitation of issue in primary and secondary market of municipal debt securities.
SPICe+ and AGILE-PRO would be deployed shortly on MCA
The Ministry of Corporate Affairs under its news and update column has intimated the stakeholders to continue the use of existing SPICe and AGILE forms until the new SPICe+ and AGILE-PRO is deployed.
