Amendments to Direct Tax Vivad Se Vishwas Bill cleared by Cabinet.
The Finance Minister has introduced the Direct Tax Vivad se Vishwas Bill, 2020 in the Lok Sabha on 05-02-2020 for dispute resolution related to direct taxes. On 12-02-2020 has introduced certain amendments to the bill. The government proposes to widen the scope of the Bill and cover cases pending before debt recovery tribunals and also certain search and seizure cases.
Form GNL-2 for Submission of documents with the registrar has been substituted under companies (Registration Offices and Fees) Amendment Rules, 2020
The Ministry of Corporate Affairs vide its notification dated 18th February 2020 has published the Companies (Registration offices and Fees) Amendment Rules, 2020. Form GNL-2 which is used for submission of document or application to the registrar in cases where no e-forms is prescribed under the Act, has been substituted by the amendment.
RBI issues clarification/FAQ on Long Term Repo Operations – Operational guidelines
The Reserve Bank of India on 13th February has listed frequently-asked questions on the Long Term Repo Operations (LTRO) – Operational guidelines, giving clarifications about the LTRO facility. Details regarding interest, collateral and margin requirements of LTRO has been provided by RBI.
