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Ministry of Corporate Affairs widens ambit of CSR activities
Posted Date : 26-Jun-2020 , 09:01:57 am | Posted By CASANSAAR

The ministry of corporate affairs (MCA) has included contributions towards the Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans and their dependents including widows, within the definition of corporate social responsibility (CSR). The notification, on Wednesday,...

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Category : Corporate Law | Comments : 0 | Hits : 198

SEBI relaxes pricing norms for preferential issues of listed companies
Posted Date : 26-Jun-2020 , 08:54:38 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) on Thursday relaxed the pricing norms for preferential issuances to ease the capital-raising process for listed companies. The new pricing formula will enable the issuance of new shares at recent stock prices. A lot of market participants had appr...

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Category : SEBI | Comments : 0 | Hits : 83

PIL filed in SC seeking a stay on opt-out scheme of ICAI for CA July exams
Posted Date : 25-Jun-2020 , 09:03:10 am | Posted By CASANSAAR

Public interest litigation, PIL has been filed in SC seeking cancellation of the opt-out scheme introduced by ICAI for CA July exam 2020- The petition also seeks some extra centres or the appearing candidates. Institute of Chartered Accountants of India, ICAI  had given its candidates the op...

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Category : CA Firms | Comments : 0 | Hits : 2155

Further extension of various time limits under Direct Tax & Benami laws
Posted Date : 24-Jun-2020 , 09:42:49 pm | Posted By CASANSAAR

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 3...

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Category : Income Tax | Comments : 1 | Hits : 848

RBI Committee Recommends Hike in ATM Charges; Limit Cash Withdrawals to Rs 5,000 per Transaction
Posted Date : 24-Jun-2020 , 09:43:18 am | Posted By CASANSAAR

A committee appointed by the Reserve Bank of India (RBI), headed by chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on automate...

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Category : RBI | Comments : 1 | Hits : 486

SEBI makes raising funds easier for stressed companies
Posted Date : 24-Jun-2020 , 09:31:03 am | Posted By CASANSAAR

SEBI further relaxed the preferential allotment rules for faster fund raising by stressed companies in the current crisis time. SEBI also decided to grant exemption for allottees of preferential issues from open offer obligations in such cases, with immediate effect. The regulator in its relea...

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Category : SEBI | Comments : 0 | Hits : 297

RBI asks banks, NBFCs to increase awareness campaigns against frauds
Posted Date : 23-Jun-2020 , 09:50:37 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday told banks, non-banks and payments service providers to undertake targeted multi-lingual campaigns by way of SMSs, advertisements in print and visual media, etc, to educate their users on safe and secure use of digital payments. In a circular, the Reserve...

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Category : RBI | Comments : 0 | Hits : 478

CBIC launches paperless customs export processing
Posted Date : 23-Jun-2020 , 09:47:07 am | Posted By CASANSAAR

The Central Board of Indirect Taxes and Customs (CBIC) on Monday launched paperless customs export processing, a move aimed at trade facilitation. "Chairman CBIC Sh. M Ajit Kumar and Members of the Board launched Paperless Customs Export processing under Turant Customs today through video confe...

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Category : Custom | Comments : 0 | Hits : 351

Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee
Posted Date : 22-Jun-2020 , 10:31:27 am | Posted By CASANSAAR

CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose.  It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.  ...

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Category : General | Comments : 0 | Hits : 518

Developed land sold as plots will attract GST - AAR
Posted Date : 22-Jun-2020 , 10:14:15 am | Posted By CASANSAAR

GST will be levied on sale of land for which primary amenities – such as drainage, waterline and electricity – have been provided by real estate developer, the Authority for Advance Ruling (AAR) has said. The AAR has also concluded that sale of developed plots will be covered under th...

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Category : GST | Comments : 0 | Hits : 893

SC stays Delhi HC order on transitional GST credit on Centre's SLP
Posted Date : 20-Jun-2020 , 10:40:03 am | Posted By CASANSAAR

The Supreme Court has stayed the Delhi high court order that had allowed availing tax credits for pre-GST period up to June 30 this year. The apex court was hearing a special leave petition filed by the Union Government against the Delhi High Court judgement. The case relates to the rule 117 o...

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Category : GST | Comments : 0 | Hits : 1123

Govt plans to decriminalise compoundable offences under LLP Act
Posted Date : 20-Jun-2020 , 10:10:36 am | Posted By CASANSAAR

The ministry of corporate affairs (MCA) has proposed to decriminalise certain compoundable offences under the Limited Liability Partnership (LLP) Act, involving minor, procedural or technical violations “In order to provide greater ease of doing business in India to law abiding LLPs” it ...

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Category : Corporate Law | Comments : 0 | Hits : 234

SEBI again eases compliance norms for brokers
Posted Date : 20-Jun-2020 , 09:36:15 am | Posted By CASANSAAR

 Sebi on Friday extended the deadline for brokers to submit reports on client funding and daily margin till July 31, in the wake of the COVID-19 crisis. Besides, the markets regulator has given more time for submitting compliance certificate on margin trading, risk-based supervision, interna...

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Category : SEBI | Comments : 0 | Hits : 159

Public Sector Banks disburse 18 thousand 306 crore rupees to MSME sector - FM
Posted Date : 19-Jun-2020 , 10:28:15 am | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman today said the Public Sector Banks have disbursed 18 thousand 306 crore rupees to the Micro, Small and Medium Enterprises, MSME sector. She said, Public Sector Banks have sanctioned loans worth 32 thousand 49 crore rupees under the 100 per cent Emergency Credit...

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Category : MSME | Comments : 0 | Hits : 254

Goods purchased, sold overseas liable to GST in India - AAR
Posted Date : 19-Jun-2020 , 10:11:59 am | Posted By CASANSAAR

A domestic company buying goods from abroad and selling to another country will have to pay GST on such transactions even if the said products are not entering the Indian territory, the Authority for advance ruling (AAR) has said. On an application filed by Sterlite Technologies, the Gujarat-Benc...

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Category : GST | Comments : 0 | Hits : 1906

Supreme Court seeks govt response on plea challenging IBC validity
Posted Date : 19-Jun-2020 , 10:03:02 am | Posted By CASANSAAR

The Supreme Court has sought response from the government on a petition challenging the validity of the Insolvency and Bankruptcy Code (Amendment) Act, 2020 that introduced a threshold of at least 10% of homebuyers in a project or 100 of the total allottees for initiating insolvency proceedings agai...

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Category : Insolvent Professional | Comments : 0 | Hits : 194

Intelligence agencies red-flag 52 apps including ZOOM linked with China that may compromise user data
Posted Date : 18-Jun-2020 , 09:36:07 am | Posted By CASANSAAR

Indian intelligence agencies have asked the government to block or advise people to stop use of 52 mobile applications including ZOOM linked to China over concerns that these weren’t safe and ended up extracting a large amount of data outside India, people familiar with the development told Hi...

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Category : General | Comments : 0 | Hits : 1529

New rules proposes for housing finance companies by RBI
Posted Date : 18-Jun-2020 , 09:18:22 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Wednesday proposed to tighten the rules governing home financiers, including putting restrictions on lending to builders and doubling the minimum net owned funds criterion. The regulator’s proposal has also clearly defined home finance firms and those that...

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Category : RBI | Comments : 0 | Hits : 370

SEBI allows promoters to increase stake by up to 10%
Posted Date : 18-Jun-2020 , 09:15:10 am | Posted By CASANSAAR

Stock market regulator, Securities and Exchange Board of India (SEBI) has amended the takeover norms to allow promoters to increase their stake by up to 10 per cent through a preferential allotment.   The move will give a boost to promoters wanting to increase their stake and enhance investor...

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Category : SEBI | Comments : 0 | Hits : 165

CBIC launches e-Office to automate internal file handling
Posted Date : 16-Jun-2020 , 10:32:27 am | Posted By CASANSAAR

The Central Board of Indirect Taxes and Customs (CBIC) on Monday launched 'e-Office' in over 500 GST and customs offices that will help improve governance by automating the internal processes of handling files. The launch of the application marks a fundamental change in internal office proce...

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Category : GST | Comments : 0 | Hits : 715

IBBI reconstitutes advisory panel on insolvency, liquidation
Posted Date : 16-Jun-2020 , 10:19:24 am | Posted By CASANSAAR

The Insolvency and Bankruptcy Board of India (IBBI) has reconstituted its advisory committee on corporate insolvency resolution and liquidation. The committee headed by Kotak Mahindra Bank CEO Uday Kotak, among other changes, has seen its expansion to 14 members instead of 12.   “The...

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Category : Insolvent Professional | Comments : 0 | Hits : 313

FM chairs meeting with Pvt Banks, NBFCs to ensure effective roll out of ECLGS
Posted Date : 16-Jun-2020 , 10:13:23 am | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman chaired a meeting through Video Conference with officials of Major Private Banks and Non Banking Financial Companies today to ensure effective roll out of Emergency Credit Line Guarantee Scheme. She stressed on the need to extend uninterrupted liquidity to Micr...

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Category : MSME | Comments : 0 | Hits : 320

Option for CA Students appear in July or Nov exam - ICAI
Posted Date : 16-Jun-2020 , 10:06:20 am | Posted By CASANSAAR

During last few days, we have received mixed expression of opinions, views and requests from students, both relating to holding exams as per the schedule issued by The Institute of Chartered Accountants of India commencing from 29th July, 2020 or not holding exams in the prevailing COVID-19 pandemic...

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Category : Students Zone | Comments : 0 | Hits : 411

CBI registered 14,429 Cr of bank fraud cases in first half of 2020
Posted Date : 14-Jun-2020 , 10:49:46 am | Posted By CASANSAAR

In the first six months of 2020, the Central Bureau of Investigation has registered 40 cases of bank frauds and is probing bad loans worth over Rs 14,400 crore. From probing the poster boy of the Indian banking industry to investigating an educational portal of bank fraud, the agency has remained...

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Category : Banking | Comments : 0 | Hits : 698

RBI sets up panel to review ownership, corporate structure of Private sector banks
Posted Date : 14-Jun-2020 , 10:42:20 am | Posted By CASANSAAR

The Reserve Bank of India has constituted a five-member Internal Working Group to review the guidelines related to ownership, governance and corporate structure of private sector banks. In a press release, RBI informed that RBI Central Board Director P K Mohanty will head the committee, which will s...

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Category : RBI | Comments : 0 | Hits : 430

Institute of Company Secretaries postpones CS June session examinations till August
Posted Date : 14-Jun-2020 , 10:20:04 am | Posted By CASANSAAR

Institute of Company Secretaries of India (ICSI) has postponed examinations for the June session to August. The June session examinations for Foundation Programme, Executive Programme, Professional Programme and Post Membership Qualification (PMQ) have been postponed.   The examinations would...

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Category : Students Zone | Comments : 0 | Hits : 172

SC asks Franklin investors to approach SEBI before approaching it
Posted Date : 13-Jun-2020 , 08:46:08 am | Posted By CASANSAAR

he Supreme Court has dismissed a plea filed by seven Delhi-based investors, who had challenged the Franklin Templeton Mutual Fund’s move to scrap six debt schemes. The apex court asked these investors to seek the intervention of Securities & Exchange Board of India (Sebi) and other judicia...

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Category : Shares & Stock | Comments : 0 | Hits : 248

No coercive action against pvt firms for non-payment of full wages during lockdown - SC
Posted Date : 13-Jun-2020 , 08:37:32 am | Posted By CASANSAAR

The Supreme Court on Friday directed the Centre and states not to take any coercive action till July end against private companies, which have failed to pay full wages to their employees during the coronavirus-induced lockdown period. A bench of Justices Ashok Bhushan, Sanjay Kishan Kaul and M R ...

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Category : Finance | Comments : 0 | Hits : 277

Key Highlights of 40th GST Council Meet
Posted Date : 13-Jun-2020 , 08:28:49 am | Posted By CASANSAAR

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Minist...

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Category : GST | Comments : 0 | Hits : 1100

Delhi HC notice to Centre, RBI on plea for restructuring of loans by banks, NBFCs
Posted Date : 12-Jun-2020 , 09:40:00 am | Posted By CASANSAAR

Delhi High Court has issued notice to the Central government, Reserve Bank of India (RBI) and others on a plea seeking directions to allow a one-time restructuring of loans by all banks and non-banking financial companies (NBFCs) in the wake of coronavirus-induced lockdown. A bench of Justice Nav...

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Category : RBI | Comments : 0 | Hits : 190

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