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19 May 2020

For Companies registered under Companies Act, 2013, shall have the option to verify GSTR-3B, filed during the period starting from 21st April 2020 to 30th June 2020, through electronic verification code (EVC).

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30 Apr 2020

Forms (Form 10IC and Form 10ID) for the exercise of lower Income Tax Rate option have been notified vide Notification No. 10/2020 dated 12/02/2020. The companies that wish to avail the beneficial rate of 22 percent under section 115BAA have to file Form 10-IC on or before the due dates mentioned in sections 139(1) i.e. on or before October 31 (extended by Finance Bill 2020 from September 30). Similarly, the new domestic manufacturing companies, incorporated after October 1, 2019, that wish to be taxed under the concessional tax rate of 15 percent under section 115BAB must file Form 10-ID on or before October 31.

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23 Apr 2020

The world economy is experiencing an unexpected recession on account of COVID -19. Many countries, including India, have declared COVID-19 crisis as a national emergency and have issued directions for partial or complete lockdown.

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17 Apr 2020

The Government of India has further extended the country-wide lockdown up to 3rd May 2020 to combat the spread of COVID 19. Strict restrictions have been imposed on mobility and gathering of people is sternly prohibited to supress the contagion. Considering such a scenario, companies struggled with urgent business decisions that required shareholder approvals under the Companies Act 2013 (Act) because convening a physical meeting of shareholders was rendered impossible.

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25 Mar 2020

Fostering the initiatives of the Government of India t o contain the spread of Covid 19 and to address the large scale economic and financial distress caused by this pandemic, the Ministry of Corporate Affairs [“MCA”] has introduced certain relaxations vide amendments to some of the provisions of the Companies Act, 2013

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25 Mar 2020

In the wake of COVID 19 pandemic affecting economic and business environment in the country, the Hon’ble Finance Minister has announced the following measures and relaxations

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05 Feb 2020

Union Minister of Finance, Government of India, Hon’ble Ms. Nirmala Sitharaman has announced the Union Budget 2020. Key takeaways of the changes introduced in Tax Budget are herein addressed for reference.

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31 Jul 2019

SEBI vide amendment dated June 27,2019 introduced Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019 to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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24 Jun 2019

SEBI, with the goal of kick-starting listing of startups in India, had launched ‘Institutional Trading Platform’ for listing of shares. However, it failed to gain any traction in the market. Therefore, SEBI came up with a slew of reforms starting with renaming the platform as ‘Innovators Growth Platform (IGP)’ and relaxed norms for listing of startups for raising funds and getting their shares traded on stock exchanges.

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24 Jun 2019

The Government of Tamil Nadu has notified the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act, 2017 (‘Act’) and the rules thereunder viz.Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Rules, 2019(‘Rules’) on 22.02.2019.

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