Revised “Simplified Proforma for Incorporating Companies Electronically” SPICe (INC-32) along with electronic MoA (SPICe MoA-INC 33) and electronic AoA (SPICe AoA-INC 34) will be available w.e.f 18th October, 2016 for filing purposes. Stakeholders are requested to use the latest version of SPICe forms and plan your filing accordingly.

Election comes and political people start releasing new schemes. One such scheme has been started by Akhilesh Yadav to give free mobile phones to those who come under the category of below povery line (BPL). This is the first initiative of Samajvadi government in the field of digitisation. The yojana is for students who have … Continue reading “Samajwadi free smartphone yojana”

NCLT has constituted an Internal Complaints Committee in terms of Section 4 of the Sexual Harassment of Women (Prevention, Prohibition and Redressal) Act, 2013 for all benches of National Company Law Tribunal for a period of three years. The Committee shall constitute of 4 Members with Ms. Ina Malhotra, Member (Judicial) acting as the presiding … Continue reading “Internal Complaints Committee of NCLT”

This scheme has been started to digitize the whole process of getting life certificates.It aims to make the process of of getting this certificate hassle free and much easier for the pensioners. Jeevan Pramaan is a biometric enabled digital service for pensioners. Pensioners of Central Government, State Government or any other Government organization can take benefit of … Continue reading “Jeevan Pramaan”

IRCTC is planning to start this new insurance scheme for passengers of Indian Railways.This scheme will provide cover for thefts and accidents occured to gadgets.This is a great inititiative as it will provide insurance for gadgets like laptop, phones etc. of the passengers. Schemes like this would instill faith in passengers travelling in Indian Railways. Source-www.pradhanmantriyojana.co.in

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as applicable for … Continue reading “MCA Has Notified That e-Form INC-29 (Integrated Incorporation Form) Will Be Withdrawn w.e.f. November 01, 2016”

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”

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”

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

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”

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”

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”