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- Revised Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, 2010
- Corporate Social Responsibility Under Section 135 of Companies Act 2013
- Relaxation for Small Companies
- Notification of Overseas Investment Rules, Regulations & Master Directions, 2022
- Tax Exemptions of sums received for Treatment/Demise Due to COVID 19
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Revised Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, 2010
The Foreign Contribution (Regulation) Act, 2010 (‘Act’) was enacted to consolidate the laws regulating the acceptance and utilization of foreign contribution or foreign hospitality. In the year 2011, the Ministry of Home Affairs (‘MHA’) issued Guidelines for consideration of proposals … Continue reading
Posted in Regulatory
Corporate Social Responsibility Under Section 135 of Companies Act 2013
Corporate Social Responsibility Under Section 135 of Companies Act 2013 Background The importance of inclusive growth is widely recognized as an essential part of India’s quest for development. In line with this national endeavor, Corporate Social Responsibility (CSR) was conceived … Continue reading
Posted in Audit & Assurance
Relaxation for Small Companies
Background The Ministry of Corporate Affairs (MCA) has taken several measures in the recent past towards ease of operating and relaxation in doing business for the corporate. These included reclassifications of various provisions of the Companies Act, 2013, introducing the … Continue reading
Posted in Regulatory
Notification of Overseas Investment Rules, Regulations & Master Directions, 2022
In keeping with the spirit of liberalization and to promote ease of doing business, the Central Government and Reserve Bank of India had been progressively simplifying the procedures under Foreign Exchange Management Act, 1999. Continuing with the same intent, a … Continue reading
Posted in Regulatory
Tax Exemptions of sums received for Treatment/Demise Due to COVID 19
CG notifies conditions for tax exemption of sums received for COVID-19 treatment or on demise due to COVID-19 by issuing three notifications dated August 5, 2022 Notification No. 90/2022 – Notifies conditions under clause (ii)(c) to the first proviso to … Continue reading
Posted in Direct Tax