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RBI announces Second set of Measures to preserve Financial Stability and help put Money in the hands of needy and disadvantaged

It is with these words that the Governor of the Reserve Bank of India (RBI) Shaktikanta Das began his statement, wherein he announced a set of nine measures to revive the struggling domestic economy....

RBI announces Second set of Measures to preserve Financial Stability and help put Money in the hands of needy and disadvantaged
Taxscan Team

Critical Analysis of the Companies (Amendment) Bill, 2020

Amendment to the Companies Act, 2013 (‘the Act’) seems to be a routine activity of the Government. The Act was amended by the Companies Amendment Act, 2015, 2017, 2019 and now, in 2020 (as proposed)....

Critical Analysis of the Companies (Amendment) Bill, 2020
Taxscan Team

Budget 2020: Amendments in SARFAESI Act; Eligibility limit of NBFCs for Debt Recovery reduced

In an aim to address the ailing Non-Banking Financial Corporations (NBFCs), Finance Minister Nirmala Sitharaman in her budget 2020 speech on Saturday has proposed a reduction in the NBFC’s limit for...

Budget 2020: Amendments in SARFAESI Act; Eligibility limit of NBFCs for Debt Recovery reduced
Taxscan Team

Insolvency and Bankruptcy Code Improves Resolution Process: Registering a 4-Fold Decline in Resolution Time

The Economic Survey 2019-20 highlights that The Insolvency and Bankruptcy Code (IBC) has improved the resolution process in India compared to the earlier measures. The IBC proceedings take 340 days on...

suspension - IBC - Taxscan
Taxscan Team

Budget 2020: ASSOCHAM seeks various measures to Boost to Growth

Upcoming Budget 2020, ASSOCHAM President Dr. Niranjan Hiranandani today said that concerted efforts by the Hon'ble Prime Minister Shri Narendra Modi himself in his outreach to wider sections of the...

Budget 2020 - ASSOCHAM - GST - Taxscan
Taxscan Team

RBI Extends Relaxation on Guidelines to NBFCs on Securitisation Transactions

The Reserve Bank of India ( RBI ) has extended the relaxation of the guidelines to Non-Banking Financial Companies ( NBFCs ) on Securitisation Transactions. The RBI asked to refer circular DNBR...

RBI Extends Relaxation on Guidelines to NBFCs on Securitisation Transactions
Taxscan Team

Finance Charges paid to NBFCs not subject to TDS: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Kolkata has held that the finance charges to Non-Banking Financial Companies (NBFCs) are not subject to Tax Deduction at Source ( TDS ) under the provisions...

Finance Charges paid to NBFCs not subject to TDS: ITAT [Read Order]
Taxscan Team

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