Lets check what measures taken by Reserve Bank of India under Self Reliant India (आत्म निर्भर भारत अभियान)

Announced special refinance facilities to NABARD, SIDBI and the NHB for a total amount of 50,000 crores at the policy repo rate Announced the opening of a special liquidity facility…

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Check Revised Definition of M.S.ME to avail free registration and so much benefits from government for businesses

Announcement Definition of MSMEs will be revised  There is a change in Investment limit Additional criteria of turnover is introduced Distinction between manufacturing and service sector to be eliminated Refer…

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Global tenders to be disallowed upto Rs 200 crores under Self Reliant India (आत्म निर्भर भारत अभियान)

Indian MSMEs and other companies have often faced unfair competition from foreign companies. Therefore, Global tenders will be disallowed in Government procurement tenders up to Rs 200 crores Necessary amendments…

Continue Reading Global tenders to be disallowed upto Rs 200 crores under Self Reliant India (आत्म निर्भर भारत अभियान)

NOTIFICATION No. No. 40/2020–Central Tax issued to extend the validity of e-way bill till 31.05.2020

In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said…

Continue Reading NOTIFICATION No. No. 40/2020–Central Tax issued to extend the validity of e-way bill till 31.05.2020

Clause 30C and Clause 44 of the Tax Audit Report shall not applicable till 31st March, 2021

Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along…

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Due date of holding of annual general meetings whose financial year has ended on 31st December, 2019 due to covid-19

After receiving Several representations from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December 2019 due to COVID-1 9.…

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DIN holder can file DIR-3KYC/DIR-3 KYC-Web and Company having active non-compliant status can be corrected till 30th September 2020

DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active…

Continue Reading DIN holder can file DIR-3KYC/DIR-3 KYC-Web and Company having active non-compliant status can be corrected till 30th September 2020

May 2020 examinations have been postponed and will be held from 19th June, 2020 due to the Current Covid -19 situation the ICAI

In continuation to the Important Announcement dated 1st January 2020, it is hereby notified for general information that in view of the ongoing spurt of the Covid-19 pandemic and in…

Continue Reading May 2020 examinations have been postponed and will be held from 19th June, 2020 due to the Current Covid -19 situation the ICAI

Summarised Changes in Statutory and regulatory compliances matter in light of Covid-19 outbreak by Finance Minister Nirmala Sitharaman

Change in compliance related to Company Act Applicability of Companies (Auditor's Report) Order 2020, which was supposed to come in to force from 2019-2020, will now come into force from…

Continue Reading Summarised Changes in Statutory and regulatory compliances matter in light of Covid-19 outbreak by Finance Minister Nirmala Sitharaman