The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company.
28 February 2023 at 08:44
Would you still rely on the Swiss Army Knife of MS-Excel for your Financial Consolidation needs?
With the change in criteria as per new MSME schema, every new registered person needs to obtain registration only as per new schema from July 1,2020. Thus, it must be noted that the old criteria have become redundant in respect of new registrations.
In the recent NCLAT matter decided on 03rd February, 2023, NCLAT dealt with one of such issues on interest on operational debt. This article covers this case law of NCLAT in brief with its analysis.
On 18th January 2023, the MCA had placed the second report of the CBIRC on enterprise group insolvency based upon UNCITRAL Model Law for enterprise group insolvency.
In India, trademark registration is a procedure for defending against rival infringement of a company's distinctive identification of a good or service. It is an intellectual property right that offers the company's brand, which is its intangible asset, legal protection.
Related party transactions (RPTs) have been a contentious issue in the corporate world, especially in the private limited companies. These transactions are transactions between a company and its related parties, such as directors, key managerial personnel, and their relatives.
MCA has issued a General Circular No 04/2023 on 21st Feb 2023 subject to extension for the time of filing of 47 forms on MCA V3 without additional fees.
Unclaimed dividends refer to the amount of money that has been declared as dividends by a company but has not been claimed by shareholders for a certain period of time.
21 February 2023 at 09:01
An LLP can continue to exist despite changes in the partners. It is capable of entering into contracts and holding property in its own name. It can sue or be sued in its own name. LLP annual compliance standards are significantly less strict.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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