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Acquisory Consulting LLP
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Solutions for Growth

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#AcquisoryNewsChronicle #July2018
#LegalUpdates
#RBI
#MCA
#SEBI
#TAX

#Insights

Insolvency and Bankruptcy (Amendment) Bill, 2018 #IBC

Highlights of Negotiable Instruments (Amendment) Bill, 2017

#bankruptcy #negotiableinstruments

read more at:

https://bit.ly/2vMfQ8d
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8/16/18
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#Corporate_Update

#SEBI

SEBI issues Circular w.r.t. Discontinuance of acceptance of cash by Stock Brokers

SEBI extends time limit for RTAs to send letters seeking #PAN & bank details

#RBI

RBI mandates Incorporation of Name of the Purchaser on the Face of the Demand Draft

#TAXATION

#CBDT amends #Income_Tax Advance ruling Forms - Income-tax (7th Amendment) Rules, 2018

read more at:
https://bit.ly/2L4OZ0U
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7/12/18
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#MCA

MCA issues notification for Commencement of Sections of Companies Amendment Act 2017

MCA Notifies following rules under #CompaniesAct2013 vide Notification dated 6th July, 2018
1. Companies (Acceptance of Deposit) Amendment Rules, 2018
2. Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018
3. Companies (Authorised to Register) Second Amendment Rules, 2018
4. Companies (Registration of Charges) Amendment Rules, 2018
5. Companies (Registration offices and Fees) Third Amendment Rules, 2018

#IBBI
IBBI notifies the #Insolvency and #Bankruptcy Board of #India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018

#TAXATION
#CBDT issues the Final Notification (applicable from AY 2017-18) for exception, modification and adaptation in respect of a foreign company said to be resident in India due to its place of effective management ( #POEM ) being in India, under Section #115JH of the #Income_tax Act, 1961

read more at:
https://bit.ly/2J5liXE
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#Corporate_Updates

#RBI

RBI issue Master Circular – Facility of Exchange of Notes and Coins

#SEBI

SEBI enhances Overseas Investment by Alternative Investment Funds ( #AIFs ) / Venture Capital Funds ( #VCFs )

#TAXATION

#CBDT Extends #Aadhaar #PAN Linking Deadline to 31 March, 2019

#GST - No #E_Way Bill in Maharashtra for Intra-State Supply of Goods Worth Below Rs. 1 lakh

GST: Government Defers Reverse Charge Mechanism Till 30th September, 2018

#EPFO

EPF Proposal approved for insertion of Paragraph 68HH in #EPF Scheme, 1952 provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month

read more at:

https://bit.ly/2IPr4fW
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#Corporate_Updates

#SEBI

SEBI Board Meeting Decisions

#MCA

MCA to introduce a chapter on #Cross_Border #Insolvency within the Insolvency & #Bankruptcy_Code #IBC, 2016

MCA introduces #DIR_3 #KYC Form for conducting KYC of all Directors of all Companies Annually

#TAXATION

#DGFT allows Submission of application seeking authorization for #import / #export of restricted items through e-mail

read more at:
https://bit.ly/2IB70O8
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#Corporate_Updates

#RBI

#PAN Mandatory for all remittances under Liberalised Remittance Scheme

RBI revises the guidelines prescribing eligibility criteria of housing loans for classification under priority sector, which shall come into effect from the date of the Circular i.e 19-06-2018

#MCA

MCA issues Companies ( #Accounting_Standards) Amendment Rules, 2018 - MCA has issued Notification w.r.t. Amendment in Accounting Standard (AS)

MCA invites comments from stakeholders on introductory note and draft on #Cross_Border #Insolvency

#TAXATION

#GST - #CBIC notifies the Central Goods and Services Tax #CGST (Sixth Amendment) Rules, 2018

read more at:
https://bit.ly/2M97z3L
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#Corporate_Updates

#RBI

#PAN Mandatory for all remittances under Liberalised Remittance Scheme

RBI revises the guidelines prescribing eligibility criteria of housing loans for classification under priority sector, which shall come into effect from the date of the Circular i.e 19-06-2018

#MCA

MCA issues Companies ( #Accounting_Standards) Amendment Rules, 2018 - MCA has issued Notification w.r.t. Amendment in Accounting Standard (AS)

MCA invites comments from stakeholders on introductory note and draft on #Cross_Border #Insolvency

#TAXATION

#GST - #CBIC notifies the Central Goods and Services Tax #CGST (Sixth Amendment) Rules, 2018

read more at:
https://bit.ly/2M97z3L
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#Corporate_Updates

#MCA

MCA notifies commencement of some of the provisions of the Companies Act, 2017 w.e.f. 13th June, 2018

MCA notifies the Companies (Management and Administration) Second Amendment Rules, 2018 which shall come into force w.e.f. 13th June, 2018

#SEBI

SEBI issues Circular w.r.t. Review of Investment by Foreign Portfolio Investors ( #FPI ) in #Debt

#TAXATION

#CBDT notifies Cost Inflation Index for Financial Year 2018-19 as 280

read more at:
https://bit.ly/2t8B12Z
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#IBC-New Amendments Strengthning The Spirit Of The Law

" The Cabinet has approved a promulgation of an ordinance to amend the 16-month-old Insolvency and Bankruptcy Code (IBC).
The present amendment is based on recommendations of a 14-member government appointed committee that had last month suggested a slew of measures, including addressing difficulties of home buyers and making recoveries easier for lenders plus disqualifying certain classes of promoters from back door entry into the resolution process. "
#Insolvency_and_Bankruptcy_Code
read more at:

http://acquisory.com/ArticleDetails/74/IBC-New-Amendments-Strengthning-The-Spirit-Of-The-Law
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