MCA has released the Companies (Indian Accounting Standards) Amendment Rules, 2021. As such, the Central Government, in consultation with the National Financial Reporting Authority has notified amendments in various Ind AS's.
Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll.
Shri Gadkari says that with an objective of making India a global economic powerhouse, vision of MSME aims towards building a supporting ecosystem for MSMEs to enhance their contribution towards five trillion dollar economy.
MCA on 9th June 2021 released the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021. An analysis of the amendments made via the new rules has been given here.
MCA on 7th June 2021 amended Rule 38A of the Companies (Incorporation) Rules, 2014 relating to the Application for registration of GSTIN, ESIC registration, EPFO Registration, Profession Tax Registration and Opening of Bank Account.
MCA has made amendments in e-Form AGILE PRO via Companies (Incorporation) Fourth Amendment Rules, 2021. The purpose of this amendment is to add the facility of obtaining Shops and Establishment Registration in the existing e-Form AGILE-PRO.
ICMAI, at its 331st Meeting held on 30th and 31st May 2021, has given six relaxations to its members, keeping in view the drastic impact of the second wave of the COVID-19 pandemic. Know the same in this news piece.
Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member's credit in the EPF account, whichever is less, is provided.
The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about well-being of their family members due to COVID -19 pandemic.
On account of the disruptions caused by the second wave of the COVID 19 pandemic to businesses across various sectors of the economy, the Government has further enlarged the scope of the Emergency Credit Line Guarantee Scheme.
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