![MCA notifies Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/MCA-Companies-Compromises-Arrangements-and-Amalgamations-Second-Amendment-Rules-Taxscan.jpeg "MCA notifies Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 [Read Notification]")
MCA notifies Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 [Read Notification]
The Ministry of Corporate Affairs (MCA) notified the Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 which seeks...
![MCA notifies Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/MCA-Companies-Appointment-and-Qualification-of-Directors-Fifth-Amendment-Rules-companies-amendment-rules-Taxscan.jpg "MCA notifies Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020 [Read Notification]")
![Bombay High Court allows SBI to claim priority of charge on Property as Secured Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Bombay-High-Court-SBI-Bank-claim-property-creditor-Taxscan.jpg "Bombay High Court allows SBI to claim priority of charge on Property as Secured Creditor [Read Order]")
![Telangana High Court quashes FIC’s resolution declaring former Chairman and MD, as ‘fraud’ and ‘willful defaulter’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Telangana-High-Court-FIC-resolution-declaring-Managing-Director-fraud-willful-defaulter-Taxscan.jpeg "Telangana High Court quashes FIC’s resolution declaring former Chairman and MD, as ‘fraud’ and ‘willful defaulter’ [Read Order]")
![IFIN Case: Deloitte’s appointment as Statutory Auditor of IL&FS in 2017-18 ‘illegal’, says NFRA [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/12/IFIN-Case-Deloitte-ILFS-illegal-NFRA-Taxscan-2.jpg "IFIN Case: Deloitte’s appointment as Statutory Auditor of IL&FS in 2017-18 ‘illegal’, says NFRA [Read Report]")
![SEBI issues procedure for e-Voting Facility provided by Listed Entities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/SEBI-e-Voting-Facility-Listed-Entities-Taxscan.jpg "SEBI issues procedure for e-Voting Facility provided by Listed Entities [Read Circular]")
![RBI to launch of RTGS 24x7 on December 14, 2020 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/RBI-RTGS-24x7-RTGS-Taxscan-1.jpg "RBI to launch of RTGS 24x7 on December 14, 2020 [Read Circular]")
SEBI allows additional payment modes for Payment of Balance Money in Calls for Partly Paid Securities [Read Circular]
The Securities and Exchange Board of India (SEBI) has allowed additional payment modes including Application Supported by Blocked Amount (ASBA) for Payment of Balance Money in Calls for partly...
![SEBI allows additional payment modes for Payment of Balance Money in Calls for Partly Paid Securities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/SEBI-additional-payment-modes-Payment-of-Balance-Money-in-Calls-Partly-Paid-Securities-Taxscan.jpeg "SEBI allows additional payment modes for Payment of Balance Money in Calls for Partly Paid Securities [Read Circular]")
Finance Ministry notifies Foreign Exchange Management (Non- debt Instruments) (Fourth Amendment) Rules, 2020 [Read Notification]
The Ministry of Finance has notified the Foreign Exchange Management (Non- debt Instruments) (Fourth Amendment) Rules, 2020, which seeks to amend Foreign Exchange Management (Non-debt Instruments)...
![Finance Ministry notifies Foreign Exchange Management (Non- debt Instruments) (Fourth Amendment) Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/Finance-Ministry-Foreign-Exchange-Management-Non-debt-Instruments-Fourth-Amendment-Rules-Taxscan.jpg "Finance Ministry notifies Foreign Exchange Management (Non- debt Instruments) (Fourth Amendment) Rules, 2020 [Read Notification]")
Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]
The Madras High Court held that the business Expenditure in form of Postage, Courier and Stationery Charges could not be disallowed. The assessee, M/s.Share Aids Private Ltd. stated that it...
![Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Business-Expenditure-Postage-Courier-Stationery-Charges-Madras-High-Court-Taxscan.jpg "Business Expenditure in form of Postage, Courier and Stationery Charges couldn’t be disallowed: Madras High Court [Read Judgment]")
Benefit of amendment regarding payment of balance consideration within 90 days to the highest bidder can’t be granted retrospectively: NCLT [Read Order]
The National Company Law Tribunal (NCLT) held that the benefit of the amendment under Clause 12 of Schedule-I of the Liquidation Regulation can not be granted retrospectively. The Applicant, Mr....
![Benefit of amendment regarding payment of balance consideration within 90 days to the highest bidder can’t be granted retrospectively: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/amendment-balance-consideration-bidder-NCLT-Taxscan.jpg "Benefit of amendment regarding payment of balance consideration within 90 days to the highest bidder can’t be granted retrospectively: NCLT [Read Order]")