Emergency Credit Line Guarantee Scheme (ECLGS) 3.0

Emergency Credit Line Guarantee Scheme (ECLGS) 3.0: In recognition of the continuing adverse impact of the COVID-19 pandemic on certain service sectors, the Government has now extended the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) through the introduction of ECLGS 3.0. ECLGS 3.0 will cover business enterprises in Hospitality, Travel & Tourism, Leisure […]

Pakistan Will Allow The Import Of Cotton And Sugar From India

Pakistan Will Allow The Import Of Cotton And Sugar From India: Pakistan will allow the import of cotton and sugar from India, partially reversing a two-year-old decision to suspend all trade with India. The decision to cancel trade was taken by the Pakistan government in August 2019, days after the Indian government amended Article 370 […]

Supreme Court on National Company Law Appellate Tribunal (NCLAT)

Tata Group’s Decision To Remove Cyrus Pallonji Mistry As The Executive Chairman And Director Of Tata Sons: The Supreme Court overturned the National Company Law Appellate Tribunal (NCLAT) decision and upheld Tata Group’s decision to remove Cyrus Pallonji Mistry as the Executive Chairman and Director of Tata Sons. Supreme Court Observations: Minority shareholders or their […]

Right To Information (RTI) Requests In 2019-20

Right to Information (RTI) requests in 2019-20: The Centre has only rejected 4.3% of all Right to Information (RTI) requests in 2019-20, the lowest ever rate, according to the Central Information Commission’s annual report. However, almost 40% of these rejections did not include any valid reason, as they did not invoke one of the permissible […]

Cryptocurrencies and Companies

Cryptocurrencies: The corporate affairs ministry has announced companies will have to disclose any holding or dealings in cryptocurrencies or virtual currencies in their financial statements filed with the Registrar of Companies. This is a major step towards regulating the crypto assets in India and will bring in a lot of transparency in reporting/filing of crypto […]

Business Responsibility And Sustainability Report (BRSR)

Business Responsibility And Sustainability Report (BRSR): The Securities and Exchange Board of India (SEBI) has decided to introduce new requirements for business sustainability reporting by listed entities. This new report will be called the Business Responsibility and Sustainability Report (BRSR) and will replace the existing Business Responsibility Report (BRR). SEBI, in 2012, mandated the top […]

CSC and IEPFA App : Important Points

Central Scrutiny Centre (CSC) And Investor Education And Protection Fund Authority’s (IEPFA) Mobile App: Union Minister for Corporate Affairs launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs (MCA). Central Scrutiny Centre (CSC): MCA is one of the key primary […]