[ad_1] The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, vide its Press Note No. 1 (2022 series) has amended the FDI policy to allow investment in Life Insurance Corporation of India (LIC) and provide clarifications on various . The highlights of the major amendments introduced through the Press Note to the provisions of the FDI policy are as follows: 1. Convertible Note The amendment has increased the maximum period for conversion of convertible note into equity shares issued by startups. Earlier, convertible notes were…
Tag: Amendment
Important changes in GST amendment in Budget 2022
[ad_1] Top Changes made under GST Amendment in Budget 2022 Under Budget 2022, certain exemptions were introduced by the Finance Minister for GST registered taxpayers with some strictness. Starting with the discount provided – The government has proposed to extend the time limit for claiming ITC. Now to make such amendments, section 16(4) of the CGST Act will be amended and hence, it will allow registered taxpayers to claim input tax credit or file annual return latest by 30th November of the following year. , Earlier, the said due date…
The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022
[ad_1] F. No. ibbi/2022-23/gn/REG.081.– In exercise of the powers conferred by clause 1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Procedure) (Amendment) Regulations, 2022. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Procedure) Regulations, 2017 (hereinafter referred to as the principal rules), in regulation 2, in sub-regulation (1), in clause (c), for the figure and bracket 3(4), figure and bracket 3(3) shall be…
The Companies (Management and Administration) Amendment Rules, 2022
[ad_1] Ministry of Corporate AffairsnotificationNew Delhi, 6th April, 2022 GSR 279(E)—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby further amends the following rules of the company ( (Management and Administration) Rules, 2014, namely:- 1. Short title and commencement. , These rules may be called the Companies (Management and Administration) Amendment Rules, 2022. They shall come into force from the date of their publication in the Official Gazette. 2. In the Companies (Management…