Company Affairs Ministry(MCA) has notified the Nationwide Financial institution for Financing Infrastructure and Improvement (NaBFID) as a ‘Public Monetary Establishment’ beneath Firm regulation. The most recent MCA transfer to confer PFI standing to NaBFID would deliver a number of advantages to this establishment beneath the Firm Legislation, Earnings Tax regulation, SARFAESI regulation and so on, mentioned … Read more
In a game-changing growth, the Company Affairs Ministry (MCA) has notified the much-awaited new accounting normal on ‘Insurance coverage Contracts’ (Ind AS 117), setting the stage for a serious overhaul of accounting practices within the insurance coverage business. The brand new Accounting Commonplace (Ind AS 117), which might be relevant from April 1, 2024, would … Read more
In a transfer that will assist improve company transparency and regulatory compliance, the Company Affairs Ministry (MCA) has overhauled the disclosure necessities for helpful possession and their adjustments. It has in two separate notifications give you two new varieties detailing the knowledge on ‘Vital Useful Possession’ (SBO) and ‘Useful Possession’ that have to be filed … Read more
In what’s seen as an enormous aid for the trade, the Centre proposes to exempt reporting sure notifiable M&A transactions to the Competitors Fee of India (CCI). That is anticipated to cut back the trade’s compliance burden and facilitate ease of doing enterprise. A draft of the Competitors Fee of India (exempted mixture) Guidelines 2024 … Read more
Amidst the continuing authorized tussle between tech large Google and home Startups over Play Retailer Billing coverage, the Centre has notified a brand new provision within the not too long ago amended Competitors legislation that will result in the levy of penalty on a “world turnover” foundation for any anti-competitive conduct or abuse of dominant … Read more
CA Institute, which is world’s largest accounting physique, has invited solutions from its members on the adjustments mandatory in present Firm Legislation associated guidelines in order to reinforce Ease of Doing Enterprise and have a strong company governance framework. Additionally learn:ICAI enters into MoU with 11 Universities Members have been requested to ship of their … Read more
The Company Affairs Ministry (MCA) has launched a coverage for pre-legislative session and complete assessment of present guidelines and laws prescribed beneath legislations administered by it. It has additionally determined to provoke a complete assessment of all the foundations prescribed beneath the legislations. Feedback/ strategies on the foundations have been invited from stakeholders by the … Read more