The Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme
On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy, the Government has further enlarged the scope of the Emergency Credit Line Guarantee Scheme as under: ECLGS 4.0:100% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up […]
MCA clarification on offsetting the excess CSR spent on “PM CARES Fund” for FY 2019-20
The Ministry of Corporate Affairs (“MCA”) vide a Circular dated 20.05.2021 (“aforesaid circular”) has issued a clarification for offsetting the excess Corporate Social Responsibility (“CSR”) contribution spent for FY 2019-20. The MCA has clarified with the aforesaid circular for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of […]
Extension of time limits of certain Direct Tax compliances to provide relief to taxpayers
Dear Readers, Considering the present situation and difficulties faced by the taxpayers, the government has provided the following relief with respect to Direct Tax compliances. The Statement of Financial Transactions (SFT) for the Financial Year 202021, required to be furnished on or before 315tMay 2021 under Rule 114E of the Income-tax Rules, 1962 (hereinafter referred to […]
RELAXATION FROM COMPLIANCE WITH CERTAIN PROVISIONS OF THE SEBI
THE SEBI (LISTING OBLIGATIONS DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 / OTHER APPLICABLE CIRCULARS The SEBI vide Circular no SEBI/HO/DDHS/DDHS_Div1//P/CIR/2021/556 and 557 dated April 29, 2021, has provided relaxations from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) / other applicable circulars due to the CoVID -19 pandemic Listed entities […]
MCA CIRCULAR REGARDING RELAXATION OF ADDITIONAL FEES IN FILING OF CERTAIN FORMS UNDER THE COMPANIES ACT, 2013 AND LLP ACT, 2008
MCA CIRCULAR NO. 6/2021 After receiving a various request from various stakeholders for relaxation on the levy of additional fees for filing of various forms under the Companies Act, 2013 and LLP Act, 2008, the Ministry of Corporate Affairs (MCA) has issued MCA Circular no 6/ 2021 dated May 3, 2021, for relaxation of additional […]