Category Archives: others

RBI Notification on Opening of Current Accounts by Banks – Need for Discipline

As per an RBI Notification dated 06th August 2020, it has provided Guidelines on Opening of Current Accounts by Banks. As RBI has observed that various borrowers have diverted and siphoned the borrower fund by opening a number of a … Continue reading

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IRDAI defers Ind AS implementation for Insurance Sector

Background Ministry of Corporate Affairs, had on March 30, 2016 notified the road map for implementation of Ind AS for banks, insurers and NBFCs from accounting period beginning 01st April 2018. Insurers were required to implement Ind-AS 104, Insurance Contracts from … Continue reading

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Other electronic modes specified by CBDT

CBDT vide Notification No. 8/2020 dated 29.01.2020 has inserted Rule 6ABBA of IT Rules w.r.e.f 1st Sept 19 prescribing following “Other Electronic Modes” of payments/receipts for the purposes of Section 13A, 35AD, 40A(3) & (3A), 43, 43CA, 44AD, 50C, 56(2)(x), … Continue reading

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What are the Requirements for a Private Limited Company Registration?

India is one of the fastest growing economies in the world and is home to millions of aspiring entrepreneurs. The majority of these aspirants want to incorporate a registered company that has a separate legal identity. While there are multiple … Continue reading

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