The Institute of Chartered Accountants of India ( ICAI ) has re-opened the On-Line Facility (Correction Window) for Seeking Change of Examination Centre for appearing in July 2020 CA Examinations. In an announcement issued by...
The Institute of Chartered Accountants of India ( ICAI ) has Postponed Special Examination for Members of Institutions with whom ICAI had entered into Mutual Recognition Agreement (MRAs) / Memorandum of Understanding (MOUs), June 2020....
The Institute of Chartered Accountants of India ( ICAI ) has further extended the validity of the Peer Review Certificate in the wake of COVID -19 spurt across the country. This is in furtherance to...
Dealing with an issue of delay in pronouncing order by the Income Tax Appellate Tribunal (ITAT), the Kolkata bench has held that since such delay was occurred due to lockdown because of COVID-19 pandemic, this...
The Ministry of Corporate Affairs (MCA) on Thursday amended Schedule VII of the Companies Act, 2013 by inserting ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)” as Corporate Social Responsibility...
The Institute of Chartered Accountants of India (ICAI) has released an Auditing Guidance on “Subsequent Events-Key Audit Considerations amid COVID-19” for the benefit of the members. The Institute comes out with an advisory and guidelines...
The COVID-19 pandemic is affecting major economic and financial markets and almost all industries. The virus has hit not just people, but businesses and financial markets too – the extent of which is yet unstipulated. The...
RBI Governor Shaktikanta Das drew hope and inspiration from the 1929 statement of the Father of the Nation, as he announced yet another set of nine measures to smoothen the flow of finance and preserve...
The Institute of Chartered Accountants of India ( ICAI ) has announced the one-time measure for Completion of MCS Course and Advanced IT Course through Virtual Mode for students who have passed Final Exam /result...
The Reserve Bank of India ( RBI ) has extended the Loan Moratorium by three months from June 1st, 2020. In his third such address since the coronavirus outbreak began on March 25, RBI Governor...
The Security and Exchange Board of India (SEBI) on Thursday asked Credit Rating Agencies (CRAs) to upgrade the rating of a paper post a period of 90 days after payments are regularised. The Market Regulator,...
The Securities and Exchange Board of India (SEBI) on Wednesday asked companies to tell investors the impact of COVID-19 on their businesses. The capital markets regulator said that the companies will now have to evaluate...
The Commissioner of Customs (Imports) on Tuesday extended the waiver of late fee for the belated filing of Bill of Entry till June 3, 2020, due to COVID-19 lockdown. The circular issued by the Commissioner...
The Commissioner of Central Goods and Service Tax (CGST) on Monday issued guidelines for the virtual hearing of appeals and adjudication of indirect tax cases under the provisions of Central Excise Act, 1944; the Finance...
The Institute of Company Secretaries of India (ICSI) on Monday wrote a letter to the Finance Minister, Nirmala Sitharaman requesting the amendment in Goods and Service Tax (GST) due to COVID-19. The letter while emphasizing...
Background: The Micro, Small, and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over quite a few years. The sector has played a crucial role in...
The Kerala Government has extended the time limit of Payment of License Fee and Renewal of Registrations under Kerala Money Lenders’ Act, 1958, and Kerala General Sales Tax Act, 1963. In a Circular issued by...
The Ministry of Finance has suspended the fresh initiation of insolvency proceedings up to one year depending upon the COVID-19 pandemic situation. The Minister for Finance and Corporate Affairs said that, Minimum threshold to initiate...
The High Court of Delhi granted the bail to the Director accused of fraud on grounds that he was not the signatory to the alleged False Statement in the balance sheet of the Company quoting...
The Securities and Exchange Board of India (SEBI) on May 14, 2020, has granted one-time relaxations pertaining to open offers and buy-back tender offers opening up to July 31, 2020, under the SEBI (Substantial Acquisition...
The SEBI has invited applications from eligible candidates for the legal internship program which shall be held in April 2020. In view of the advisory issued by the Government announcing complete ban/partial lock-down on account...
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