Shivani has completed her B com LLB (Hons) and has the experience of writing various research papers during her college time. Earlier she was working as an Associate in a Delhi based Law Firm, but her interest in writing made her pursue Legal Content Writing as a career. Her core area of interest is in writing about various legal enactments, tax, and finance.
“NBFC”, whenever we hear this term, it makes us realize that it a company incorporated under the provisions of the Companies Act 2013, but for regulation, the owner needs to obtain NBFC Registration from RBI. However, the question is that can an NBFC operate in Insurance Business? The answer to this is that the RBI […]
Recently, the Insolvency and Bankruptcy Board of India, by way of powers conferred under section 196, 203, and 205, together with section 240 of the IBC 2016 has amended certain provisions of the Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations 2016. Further, the said amendment will be termed as Model Bye-Laws and […]
Recently, the Securities Exchange Board of India (SEBI), by way of a notification, dated 08.01.2021, has declared about the amendments made in the SEBI (Alternative Investment Funds) Regulations 2012. Further, the powers concerning amendments are provided under section 11, 12, and 30 of the SEBI Act 1992. Also, the said amended regulations will be known […]
In India, the companies that are not listed on the recognized stock exchanges are termed as Unlisted Companies. That means the shares of these companies are privately owned. Further, it shall be significant to state that the operations, funding, and management of these companies are regulated by the provision of the Companies Act 2013. In […]
Recently, the Securities Exchange Board of India has exercised its powers conferred under section 11, 11A (2), and section 30 of the SEBI Act 1992, together with section 31 of SCRA 1956, and issued a notification dated 08.01.2021, wherein it sought to amend the prevailing laws with the new ones. That means the newly introduced […]
“Coming Out of Comfort Zone”, this could be the best name for the Financial Year 2020. In this year, we have seen a series on amendments in each law, starting from Companies Act 2013, Finance Act to GST Law. The key GST Law Amendments include E-Invoicing, Implementation of QRMP Scheme, GSTR 2B, Changes in GST […]
These days the Ministry of Corporate Affairs (MCA) is continuously making amendments in the provisions of the Companies Act 2013. In this blog, we will discuss about the Amendments Made in the Companies Act 2013 during the period of December 2020 to January 2021. Amendments Made By Way of Circulars The various amendments made by […]
Recently, the Government of India, by way of the powers provided under the provision of section 157, 28H, 28KA, 28M of the Customs Act 1962 has notified the rules named Customs Authority for Advance Rulings Regulations 2021, on 06.01.2021, through Notification No. 01/ 2021 – Customs (N.T.). Further, these rules will come into effect from […]
Recently, the Union Ministry of Commerce and Industry (MoCI) has announced the New Foreign Trade Policy 2021 to 2026. The same will come into effect from 01.04.2021 and will remain effective for a period of 5 years. Further, the said policy was an outcome of the Meeting held by the Parliamentary Consultative Committee on 12.01.2021, […]
In India, the concept of Nidhi Company is emerging as a popular trend, as it the cheapest way to incorporate an NBFC or Non Banking Financial Company. It shall be considerate to note that an NBFC is governed by the Apex Bank, i.e., RBI. In contrast, a Nidhi Company is governed by the provisions specified […]