Author: Sukhwinder Singh

IBBI SIGN MOU WITH SEBI FOR BETTER IMPLEMENTATION OF IBC

The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) on March 19, 2019 with the Securities and Exchange Board of India (SEBI). The IBBI and the SEBI seek effective implementation of the Insolvency and Bankruptcy Code, 2016 (Code) and its allied rules and regulations, which have redefined the debt-equity relationship and aims to promote entrepreneurship and debt market. They have agreed under the MoU to assist and co-operate with each other for the effective implementation of the Code, subject to limitations imposed by the applicable laws. The MoU provides for: sharing of information between the two...

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E-form INC 22A – ACTIVE Company Tagging

The government has recently come up with the new exacting move by unveiling new e-form INC 22A which is also known as e-Form ACTIVE (Active Company Tagging Identities and Verification). Through notification on 21 February 2019, MCA has introduced the Companies (Incorporation) Amendment Rules, 2019. The due date for filing this Form is 25th April 2019. Information to be submitted in Form INC-22A (Active) In INC22A, the company is required to submit the following information: Name of the Company and CIN Registered Address of the Company (electricity bill Required) Two Photograph of the registered office of the company. The first photo of the registered office shall be taken from...

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MSME TECH-SOP 2019

With a view to enhance awareness among MSMEs about latest technological innovations available, and sensitize them on the role of technology in creating competitiveness and opportunities, the Ministry of Micro, Small and Medium Enterprises (MSME)organized a programme on Technology Support and Outreach (TECH-SOP 2019) today in New Delhi. Various research and development institutions in the country have developed technologies which are relevant for MSMEs for sustainable growth and is available to MSMEs in a cost effective manner. Speaking on the occasion, Development Commissioner MSME, Ram Mohan Mishra, said TECH – SOP 2019 is an initiative to bridge the gap between the technological...

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FOREIGN EXCHANGE MANAGEMENT (EXPORT AND IMPORT OF CURRENCY) (AMENDMENT) REGULATIONS, 2019

G.S.R. 151(E) dated 26th February 2019issued by RBI In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Export and import of Currency) Regulations, 2015 (Notification No. FEMA 6(R)/RB-2015 dated December 29,2015) (hereinafter referred to as ”the Principal Regulations”), namely:— 1. Short Title & Commencement:— (i) These Regulations may be called the Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019 (ii) They shall come...

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Exchange Rate of Foreign Currency relating to the Imported and Export Goods

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.02/2019-CUSTOMS (N.T.), dated 3rd January, 2019 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs (CBIC) hereby determines that the Rate of Exchange of Conversion of each of the Foreign Currencies specified in Column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 18th January, 2019be...

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SUKHWINDER SINGH

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