E India CA

Professional Updates for Chartered Accountants

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Two creditors take Jet Airways to NCLT

Shaman Wheels Pvt Ltd and Gaggar Enterprises Pvt Ltd have filed two separate insolvency pleas against Jet Airways The insolvency petitions may push other lenders to join the petition as financial creditors for recovery of their dues With banks still making efforts to revive cash-strapped Jet Airways, two operational creditors have ...

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Day after Narendra Modi’s big victory, foreign funds bought Indian bonds

Modi’s re-election put to rest any uncertainty about a diverse group of political parties coming to power at a time when growth is already slowing Global investors piled a net $216.3 million into Indian bonds Global investors piled a net $216.3 million into Indian bonds on Friday, the day after Prime Minister Narendra Modi’s s...

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Annual DIR 3 (KYC) Due Date extended to 30 June: MCA Notification dt. 30 April 2019

MCA has notified that the Deadline for Annual Filing of Form DIR 3 ((KYC of Directors) has been Extended from 30 April to 30 June, of the immediately next financial year, i.e. the due date for filing of DIR 3 (KYC of Directors) for Financial Year 2018-19 has been extended from 30 April 2019 to 30 June 2019. G.S.R. (E).- In exercise ...

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ACTIVE deadline extended, companies get time till June 15 to meet new disclosure norms

The government has extended the deadline for uploading photos of business premises to June 15, giving corporates more time to comply with a provision aimed at spotting shell companies. “It has been decided to extend the date to June 15,” confirmed a corporate affairs ministry official. The disclosure norms, which came into effe...

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Running out of options, NBFCs sell bonds to public

Faced with high borrowing costs and a sustained shortage of liquidity in India’s money markets, shadow banks are increasingly pitching bonds with high coupon rates to the public, who may not be aware of the risks they’re taking on. Still roiling from the shock of defaults at Infrastructure Leasing & Financial Services Ltd.,...

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Loan against mutual fund units: All you need to know

Mutual fund investors can avail credit against their mutual fund investments. Loan against mutual fund units is in the form of an overdraft facility and interest is charged only on the amount availed as credit. Online/offline modes  The loan can be availed via online or offline modes. Application process involves marking of lien o...

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Infosys announces Rs 8,260 cr buyback; to offer special dividend

New Delhi, Jan 11 () Infosys on Friday said it will buy-back shares worth up to Rs 8,260 crore and offer shareholders a special dividend of Rs 4 per share as part of the company's Rs 13,000 crore-capital allocation policy. The board has also approved the re-appointment of Kiran Mazumdar -Shaw as the Lead Independent Director ...

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The Central Government has notified the NAFRA: National Financial Reporting Authority Rules, 2018 on the 13th of November 2018.

In exercise of the powers  conferred under sub section (2) and  (4) of section 132, sub section (1) of section 139 and sub section (1) of  section 469 of the  Companies  Act , 2013 (18 of 2013), the  Central Government has made  the National  Financial Reporting Authority  Rules, 2018. Ministry of Corporate Affairs has notif...