MCA to introduce “SPICEe+”Form by replacing existing SPICe Form

The Ministry of Corporate Affairs on 24th January 2020 in its news update Column has proposed a new SPICe+ form to be notified soon to replace existing SPICe form. This move is aimed to further …

RBI Revises guidelines relating to Merchanting Trade Transactions

The Reserve Bank of India vide notification dated 23rd January 2020 has reviewed the guidelines of the Merchanting Trade Transactions(MTT) issued on 28th March 2014 and issued revised guidelines With a view to further facilitate …

The Environment (Protection) Amendment Rules, 2020.

The Ministry of Environment, Forest and Climate Change in its notification dated 8th January, 2020, issued the draft Environment (Protection) Amendment Rules, 2020. The amendment is brought under Schedule –I which prescribes the standards for …

RBI permits Rupee derivatives to be traded in IFSCs

Reserve Bank of India vide Notification dated 20 January 2020 has permitted Rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs), starting with Exchange Traded Currency Derivatives (ETCD).

RBI allows NBFCs to auction gold attached for debt on any part of the district for second auction.

RBI vide Notification Dated 21 January 2020 has altered the Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company and Master Direction – Non-Banking Financial Company – Non-Systemically …

RBI Revises investment by foreign portfolio investors (FPI) in Debt.

The Reserve Bank of India has eased the investment norms for foreign portfolio investors in debt. FPIs cap on investment in government security and corporate bonds is raised from 20% to 30% outstanding stock of …

RBI raises investment limit for foreign portfolio investor’s investment in debt.

The Reserve Bank of India vide notification dated 23rd January 2020 has raised the investment limit for FPIs investment through the Voluntary Retention Route. Only those FPI registered with SEBI are eligible to participate in …

GST Taxpayers shall now file their GSTR-3B return in staggered manner.

The finance ministry has staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers, in a moved aimed at de-stressing the system. The taxpayers are …

Mumbai to be awake 24X7 from January 27

The Government of Maharashtra on the meeting held on 16 January 2020 has directed that the Shops and Establishments are to be allowed to function 24/7 with the exception of sale of alcohol, to implement …

SEBI Proposes to reduce time for right issue process.

The Securities and Exchange Board of India, vide Circular dated 22nd January 2020, has simplified the rights issue process to make it more efficient and effective, by amending the SEBI (Issue of Capital and Disclosure …