Form BEN-2 is likely to be revised

The Ministry of Corporate affairs on 22nd August 2019 has announced on its website that the form BEN-2 is likely to be revised on MCA21 Company Forms download page with effect from August 23rd, 2019. …

MCA clarifies Section 232(6) of Companies Act

MCA Through its circular has clarified the interpretation of the provision of Section 232(6) of the companies Act 2013 w.r.t “Appointment date” and “Acquisition date” for the purpose of Ind-AS103 to be identified under the …

RBI released final Framework for Regulatory Sandbox

RBI has released the final framework for Regulatory Sandbox on 13th August, 2019 after incorporating all changes suggested by stakeholders. Regulatory Sandbox usual refers to live testing of new products or services in a controlled/test …

GSTR-3B filing due date for July, 2019 extended to 22nd August

The Central board of Indirect Taxes, vide Notification dated 21st August 2019, has extended the due date of filing of Form GSTR-3B electronically for the month of July 2019, from 20th August 2019 to 22nd …

Investors Education and Protection Fund Second Amendment Rules, 2019

The Ministry of corporate affairs, on 14th August 2019 notified the second amendment rules sanctioned for the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund).The Amendment simplifies the process of filing …

MCA amends Schedule III of Companies Act 2013

The Ministry of Corporate Affairs has issued a notice for the stakeholders on its website regarding amendment of Schedule III. Schedule III to Companies Act, 2013 was amended vide notification dated 11th October 2018. As …

Extension given for blocking e-way bill facility under Rule 138E till 21.11.2019

The Central Board of Indirect Taxes and Customs (CBIC) through a notification dated 20th August 2019 has extended the implementation of facility of blocking and unblocking of E-Way Bill to November 21st 2019 . The Rule …

FSSAI Mandates Safety Audit for FBOs Dealing in dairy, meat and other products

FSSAI has listed six food businesses under high-risk categories — dairy products, meat and meat products, fish and fish products, egg and egg products, food for infant nutrition and prepared food (catering).

SEBI Brings stricter penalty for Non-Compliance of SEBI ICDR Regulations

The Securities and exchange board of India vide circular dated 19th August 2019, on “non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018″ has prescribed a penalty of Rs.20,000 per …

MCA amends Share capital and Debenture Rules, 2014

MCA has amended several provisions of the Companies (Share capital and Debentures) Rules, 2014. Significant among those are amendments relating to issue of shares with Differential Voting Rights (DVRs) with the objective of enabling promoters …