15 hours ago
RBI imposes monetary penalty on 7 banks for non-compliance
RBI imposes monetary penalty on following 7 banks for non-compliance :- Sr. No Name of Bank Penalty amount (in ₹ Million) 1 Bank of…
2 days ago
NCLT can initiate CIRP if High Court has not appointed official Liquidator & passed winding up order
In Nuvoco Vistas Corporation Ltd. vs Maxout Infrastructures Pvt. Ltd. , NCLT held that it does not have any bar…
4 days ago
SEBI allows non-residents not to provide PAN for the transfer of equity shares of listed entities
Under Schedule VII of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”), SEBI has mandated both transferee(s) as well…
4 days ago
Applicants under CIRP can raise ECBs from recognised lenders, except from the branches/ overseas subsidiaries of Indian banks
RBI had issued New External Commercial Borrowings Policy (to be referred as “ECB Framework”) dated January 16, 2019 ( A.P. (DIR…
7 days ago
Cabinet approves to amend Cinematograph Act, inserts penal provisions for unauthorized camcording & duplication of films
In order to tackle the menace of film piracy Govt. has approved to introduce Cinematograph Amendment Bill, 2019. Under the Bill,…
1 week ago
Updates of RBI’s Sixth Bi-monthly Monetary Policy Committee
Monetary Policy Committee (MPC) decides to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points…
1 week ago
RBI imposes monetary penalty to UCO, Axis and Syndicate Bank for the non- compliance
RBI imposes monetary penalty of Rs. 2 Crores to UCO Bank and Axis Bank Limited for the non- compliance of Circular issued on January 22,…
1 week ago
LLP Compliance Calendar
INTRODUCTION This article covers the Mandatory Compliances to be followed by a LLP under Registrar of Companies, Ministry of Corporate…
2 weeks ago
MCA instructs “all specified companies” to submit details of outstanding dues to Micro or small enterprises suppliers on half yearly basis
MCA issues Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 (‘Order’). The respective order…
2 weeks ago
Approved resolution applicant are required to pay “performance security”, mandates IBBI
IBBI issues The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019 (‘ Principal Reg.’) wherein…
