Category: Business Advisory

MCA Has Notified That e-Form INC-29 (Integrated Incorporation Form) Will Be Withdrawn w.e.f. November 01, 2016

E-Form INC-29 will no longer be available on the MCA21 portal and stakeholders will not be able to file any previously downloaded versions from this date. Therefore, stakeholders are requested to plan accordingly and use SPICe (Simplified Proforma for Incorporating Company electronically), INC-2 (One Person Company), or INC-7 (Incorporation of Company) e-Forms, as applicable for … Continue reading “MCA Has Notified That e-Form INC-29 (Integrated Incorporation Form) Will Be Withdrawn w.e.f. November 01, 2016”

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India bags biggest share of greenfield investment

Improvement in ease of doing buisness ranking and Make  in India and many other schemes started by Modi government has improved India’s status in world and now whole world is noticing India and its effort.Indian governments effort has worked well. India bags biggest share of greenfield investment in 2016. Yet another testimony of Make in india’s success. … Continue reading “India bags biggest share of greenfield investment”

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Import Data Processing and Monitoring System launched w.e.f 10th October 2016

In order to enhance ease of doing business and facilitate efficient data processing for payment of import transactions, Import Data Processing and Monitoring System (IDPMS) has been developed in consultation with the Customs authorities and other stakeholders. “On 10th October CBEC and RBI jointly launched online IDPMS , as a major trade facilitation measure for … Continue reading “Import Data Processing and Monitoring System launched w.e.f 10th October 2016”

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Continuation of Minimum Import Price (MIP) on 66 HS Codes of Iron and Steel

Central Government has extended the applicability of Minimum Import Price (MIP) beyond 04/10/2016 on 66 HS Codes as specified in the Notification No 20/2015-20 dated 4.8.2016 for further two months, i.e., till 4th December, 2016. For details, please refer the attachment. DGFT- Continuation of IMP.pdf

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Recommendations for Insolvency, Insolvency professionals and Insolvency professional agencies

The Ministry of Corporate Affairs had set-up a working group consisting of practitioners and experts for making recommendation for drafting regulations in respect of registration and regulations of Insolvency and Insolvency professionals and Insolvency professional agencies envisaged under the code. The following regulations have been drafted and made available on the Ministry’s website: (1) Insolvency … Continue reading “Recommendations for Insolvency, Insolvency professionals and Insolvency professional agencies”

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Master Direction For Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016

The Reserve Bank of India has issued Master Direction for Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016. The Directions shall apply to every auditor of Non-Banking Financial Company as defined in section 45 I(F) of the Reserve Bank of India Act, 1934 (the RBI Act). The Direction provides provision for Auditor to submit … Continue reading “Master Direction For Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016”

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Publishing Of Photographs Of Willful Defaulters

RBI which earlier has permitted the use of photographs of only ‘willful’ defaulters in newspaper advertisements directs the publication of photos of all defaulters should be stopped. RBI taking into account the sensitivity involved, directed to prevent the publishing of photos of defaulting borrower in an indiscriminate manner. RBI reiterated that banks are allowed to … Continue reading “Publishing Of Photographs Of Willful Defaulters”

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