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Income Tax

Who is required to maintain books of account as per Sec...

Who is required to maintain books of account as per Section 44AA?

Section 44AA of the Income Tax Act, along with Rule 6F, mandates books of account for income tax. These books of accounts are the official document that es...

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RBI Notification

Extension of Cheque Truncation System across all bank b...

Extension of Cheque Truncation System across all bank branches

The Reserve Bank has asked all banks to implement the image based cheque truncation system across all branches by 30th September 2021. This system is prese...

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FEMA

Receipt of Gifts and Inheritance by an NRI under FEMA...

Receipt of Gifts and Inheritance by an NRI under FEMA

Dealing with real estate matters in India could be a complex task, especially for an NRI under FEMA therefore having a good deal of knowledge about it can...

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FEMA

All you need to know about Pricing Guidelines for Secur...

All you need to know about Pricing Guidelines for Securities under FEMA Regulations

Indian companies’ issues equity shares; compulsorily & fully convertible debentures and fully, compulsorily convertible preference shares based on pr...

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Limited Liability Partnership

MCA Initiates Process of Decriminalisation of Compounda...

Process of Decriminalisation of Compoundable Offences under LLP Act

Based on the recommendations from the Company Law Committee, the Ministry of Corporate Affairs has begun the process of decriminalization of the compoundab...

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Micro Finance Company

All you need to know about Mudra Loans

All you need to know about Mudra Loans

A financial support provider, MUDRA Loan under Pradhan Mantri Mudra Yojana, can be availed from your nearest bank. It can fulfill loan requirements of up t...

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Annual Compliance

Changes made in punishment and penalty provisions vide...

Changes made in punishment and penalty provisions vide Companies (Amendment) Act, 2020

The Ministry of Corporate Affairs notified about the changes that have been made through the Companies (Amendment) Act, 2020. There are certain changes tha...

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Foreign Investment

Investment by FPI in Defaulted Bonds – Relaxations by...

Investment by FPI in Defaulted Bonds – Relaxations by RBI

The Reserve Bank of India vide A.P (DIR) Series circular no. 12 dated 26 February 2021 allowed certain relaxations in investment by the Foreign Portfolio I...

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