The Ministry of Corporate Affairs vide its notification dated 1st April 2021 has published the Companies Accounts second Amendment Rules, 2021 in which it has extended the date of implementation of rule 3(1) making it mandatory for companies using accounting software for maintaining their books to use software that allows to record audit trail of each and every transaction till 1st April 2022.
Additional Factor of Authentication (AFA) for cross-border Card Not Present (CNP) transactions
Reserve Bank of India today placed on its website draft directions on Additional Factor of Authentication (AFA) for cross-border Card Not Present (CNP) transactions for