Page-2 of Companies Act

MCA amends the Definition of Small Companies

February 3, 2021

The ministry of corporate affairs (MCA) has amended definition of the small companies by amending the Companies Rules. The new amendment allows the non-resident Indians (NRIs) to incorporate one person companies (OPCs) in India. Highlights The changes were announced by ..

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4-tier structure for Tighter Regulation of NBFCs

January 25, 2021

The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of regulation and supervision has been entrusted with the Department of Non-Banking Supervision ..

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Parliament passes Taxation and Other Laws (Relaxation and Amendment of Certain provisions) bill

September 23, 2020

On September 23, 2020, Parliament passed the Taxation and other laws (Relaxation and Amendment of certain provisions) bill, 2020. It replaces an ordinance and will make few changes to direct and indirect tax laws. It was cleared in Rajya Sabha ..

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Insolvency and Bankruptcy (Second Amendment) passed in Rajya Sabha

September 19, 2020

On September 19, 2020, the Rajya Sabha passed the Insolvency and Bankruptcy code (second Amendment) Bill 2020. According to the new amendment, fresh insolvency proceedings will not be started for the next six months considering Covid-19 pandemic. Why the suspension? ..

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Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced

May 18, 2020

On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore ..

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National Land Management Corporation recommended by National Infrastructure Pipeline Task Force

May 8, 2020

The Task Force on National Infrastructure Pipeline recently submitted its report to the Finance Minister Smt Nirmala Sitaraman. Under the report, the task force has recommended to set up National Land Management Corporation. Highlights The National Land Management Corporation will ..

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