The Ministry of Corporate Affairs (MCA) on August 24, 2020 has issued the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 to further amend the Companies (Corporate Social Responsibility Policy) Rules, 2014. The following amendment have been made in the Companies (Corporate Social Responsibility Policy) Rules, 2014: • A new Rule 2 (1) (e) hasContinue reading “Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020”
Tag Archives: legal updates in India
RBI issues guidelines for Ad-hoc, Short Review, Renewal of Credit Facilities
The Reserve Bank of India (RBI) on August 21, 2020 has issued a circular on Ad-hoc, Short Review, Renewal of Credit Facilities. It has been seen that the credit facilities were not renewed timely. Further, the banks are now expected to have a detailed Board Policy formulating a methodology for periodic renewal of the creditContinue reading “RBI issues guidelines for Ad-hoc, Short Review, Renewal of Credit Facilities”
Bihar Taxation Laws (Relaxation of period of limitation Provisions) Act, 2020
The State Government of Bihar on August 10, 2020 has issued the Bihar Taxation Laws (Relaxation of period of limitation Provisions) Act, 2020. The following guidelines have been given in the Bihar Taxation Laws (Relaxation Period of limitation Provisions) Act, 2020: • Section 3 which specifies the Relaxation of certain provisions of the specified Act,Continue reading “Bihar Taxation Laws (Relaxation of period of limitation Provisions) Act, 2020”
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