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
Company Affairs Ministry (MCA) has streamlined reporting of funds or switch of securities underneath the Investor Training and Safety Fund Authority (IEPFA) administered framework, bettering the general submitting expertise for firms. Moreover revamping the kinds, MCA has additionally finished away with the beforehand stipulated requirement of depositing funds into a particular Punjab Nationwide Checking account. … 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
Company Affairs Ministry (MCA) has given its nod for appointment of Hitesh Kumar Sethia as Managing Director and CEO of Jio Monetary Companies for 3 years interval from November 15,2023. This approval is nevertheless topic to the situation that the appointee holds a sound Employment Visa all through his tenure in India, stated a MCA … Read more
The Company Affairs Ministry (MCA) on Tuesday prolonged by a monththe timeline for sending public feedback on the a lot talked about draft Digital Competitors Invoice and the report of the Committee on Digital Competitors Regulation (CDCL). Additionally learn:Is Indian digital market prepared for ex-ante regulation? The final date for submitting the feedback/recommendations is prolonged … Read more
In an industry-friendly transfer, the Centre has revised upwards the merger submitting thresholds underneath the competitors regulation for ‘mixture’ transactions. The Company Affairs Ministry (MCA) has in two separate notifications revised the ‘de-minimis’ or small goal exemption threshold for exempting M&As from the purview of Competitors Act. It has additionally concurrently revised upwards the ‘jurisdictional’ thresholds … 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
The Ministry of Company Affairs-appointed 16-member inter-ministerial Committee on Digital Competitors Regulation (CDCL) has firmed up its suggestions, and the report is close to completion, sources within the ministry stated on Monday. The report is prone to be submitted to Finance and Company Affairs Minister Nirmala Sitharaman inside per week (actually earlier than the mannequin … Read more
At a time when India is making ready for the final elections (Lok Sabha elections anticipated in April-Might), the Misinformation Fight Alliance (MCA) and Meta, on Monday, introduced {that a} devoted fact-checking helpline on WhatsApp — geared toward combating deepfakes and misleading synthetic intelligence-generated content material — shall be launched for the general public subsequent … 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