COVID-19

Extension of AGM Date without Filing of Form GNL-1

Extension of AGM date

A big relief is given by the Ministry of Corporate Affairs (MCA) to the companies today by extension of AGM date for holding Annual General Meeting till December 31st from September 30th. Let’s understand in detail –  Extension of AGM Date  Due to the Covid-19 pandemic, the ministry of corporate affairs has diminished the compliance … Read more

Extension of AGM date due to Covid-19 Pandemic

extension of agm date

Due to the Covid-19 pandemic, the ministry of corporate affairs has reduced the compliance burden on the corporate sector which partially opened up the industry. MCA has received several representations to allow companies to provide an extension of AGM (Annual General Meeting) date for the financial year which is about to due on 30.09.2020. Recently, CBDT … Read more

GDP Q1 Data: GDP growth of India Falls in 2020-21

GDP growth of India

The COVID-19 pandemic has harm the Indian economy which gets reflects with the diminishing GDP growth of India. The Lockdown, which was imposed on 25th March 2020 in India, has given a huge difficulty to the key 8 infrastructure sectors. Based on the data released by the government, multiple sectors has now almost brought the … Read more

Trademark Hearing allowed through Video Conferencing

trademark hearing

  Due to the blow of COVID-19 Pandemic, all trademark hearing fixed during the lockdown period was left unattended. Trademark officials are also afraid to interact with the public at large in order to avoid coronavirus spread and therefore, all trademark processes stopped somewhere. Accordingly, trademark authority has decided to conduct trademark hearing through Video … Read more

41st GST Council Meeting on GST Compensation to States 

gst compensation to states

 The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”.   Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more

Maharashtra Government reduce stamp duty to boost Real Estate Sector

redece stamp duty on real estate

The COVID-19 has put the adverse effect not only on the real estate sector but other sectors as well. The blow due to COVID pandemic is very big and it will take time to come out of the glut. The Maharashtra government has decided to reduce stamp duty on real estate to encourage homebuyers to … Read more

Big Relief to unemployed workers under Atal Bimit Vyakti Kalyan Yojna

Atal Bimit Vyakti Kalyan Yojana

Many companies are shutting down under this COVID-19 epidemic and lockdown scenario. Due to the slow down in the economy, and keeping in mind the problem of unemployment, the Central Government has decided to extend the eligibility criteria and enhance payment of unemployment benefits for those who have applied for ESIC Registration and also get … Read more

RBI Loan Restructuring Scheme: RBI sets up panel to deal with coronavirus

RBI

In its financial policy review on Thursday, the Reserve Bank of India provided the agreement to an RBI Loan Restructuring Scheme for stressed borrowers. A special window granting one-time loan restructuring to companies and individuals, it will give relief particularly to those affected by the Covid-19 pandemic. However, Under the COVID Loan Restructuring Scheme, consumers may get more delay … Read more

Income Tax Return Filing (ITR) date extended

ITR Filing

  To offer some relief to taxpayers in the pandemic, the Central Board of Direct Taxes newly extend Income Tax Return Filing (ITR) date extended for Financial Year 19. On Wednesday, the government increased the period for ITR Filing for FY2018-19 by a month till July 31, 2020. The scheduled date for the income tax return … Read more

FSSAI Extends Deadline for Food License Registration

fssai

Due to the pandemic and the uncertain situation in the country, the food regulator has extended the deadline for the food license registration until December 31st this year. Gujrat Trader Federation (GTF) are representing the FSSAI extends the deadline for food license registration.  Before this, the CEO of Food Safety and Standards Authorities of India (FSSAI) … Read more