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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 […]

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 […]

What is GST Compensation Cess

GST Compensation: The Centre will release ₹30,000 crore as GST compensation to States this month, from the compensation cess collections during the year. The pending compensation dues to States for 2020-21 are expected to be more than ₹77,000 crore. The GST Compensation Act, 2017 guaranteed States that they would be compensated for any loss of […]

The Standing External Advisory Committee (SEAC) : RBI

The Standing External Advisory Committee (SEAC): RBI   The Reserve Bank of India (RBI) has set up a five-member Standing External Advisory Committee (SEAC), headed by former RBI Deputy Governor Shyamala Gopinath, for evaluating applications for universal banks and Small Finance Banks (SFBs). The Standing External Advisory Committee (SEAC) will be comprising eminent persons with […]