Corporate Snippets on March 21
📝 Indian banks seek more time over bad loan classification
📝 Stock brokers allowed to work from home for the first time
📝 Govt. mulls late repayment of loans for MSMEs to tide over coronavirus impact
📝 Tata Motors-owned Jaguar Land Rover suspends production in UK amid coronavirus pandemic
📝 Ashoka Buildcon arm executes concession pact with NHAI for Rs 1,036 crore road project
📝 14 firms get license to evaluate COVID-19 tests kits
📝 Jio tops mobile broadband speed chart, Vodafone in upload in February: TRAI
📝 Coronavirus outbreak: FM Nirmala Sitharaman takes stock of situation
📝 SEBI unveils measures to tackle market volatility, curbs short selling
📝 Hindustan Unilever sets aside Rs 100 crore to fight Covid-19 in India
📝 Japan's Kubota Corp to acquire 10% stake in Escorts for Rs 1,042 crore
📝 L&T turns to international business, financial services to power growth
📝 Cabinet passes a policy to promote manufacture and growth of bulk drugs
📝 Foreign exchange reserves fall $5.35 billion; first drop in six months
📝 RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr
📝 Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar
📝 Airlines may ground 68% planes amid coronavirus outbreak, says Govt.
📝 Soap manufacturers keep off price hikes for now amid coronavirus spread
📝 Centre tells states to enhance hand sanitizer production as demand soars
📝 Banks push digital offerings, insurance amid corona scare
📝 Price hikes, drop in input costs help cement industry to post positive margins: CARE Ratings
📝 DoT holds meeting as industry seeks movement of essential staff, other waivers for biz continuity
📝 BSNL offers free broadband for a month to support work from home
📝 CII writes to PM seeking fiscal stimulus, tax cuts to combat coronavirus impact on economy
📝 RBI appoints R Gandhi, Ananth Narayan as additional directors on Yes Bank board
📝 Ready to supply uninterrupted power amid COVID-19 threat: NTPC
📝 Rajnath Singh speaks with US counterpart on virus cooperation
📝 RBI chalks out contingency plan for smooth functioning of services
📝 Act fast, next few weeks crucial: PM Narendra Modi
📝 UK court deadline to pay $100 millon ends for Ambani
📝 Karnataka Govt. asks Bengaluru tech firms to close non-key operations
📝 COVID-19 Janta curfew: Railways cancels 3700 trains on Sunday
📝 SBI moves to extend emergency credit line
📝 Coronavirus: Tata group companies commit full payment to daily wage earners
📝 Indian Agri export business hit hard by outbreak in European Union, West Asia.
Ø Virus-hit India mulls easier loan, tax rules
Ø Ambanis marginally increase stake in Reliance
Ø Govt working on financial package for virus-hit sectors
Ø 'Covid-19 outbreak to hit growth, widen fiscal deficit'
Ø L&T-run investment trust acquires 8 Sadbhav road projects
Ø DoT to get 20 year time for payment of AGR dues
Ø Ind-Ra revises rating watch on YES Bank to 'evolving' from 'negative'
Ø YES Bank gets Rs 60k-cr line of credit from RBI to resume operations
Ø Power demand shows signs of recovery as total generation rises by 11%
Ø 30.8 mn in tourism, hospitality may lose jobs because of coronavirus
Ø Dilip Buildcon bags Rs 860-crore road project in Chhattisgarh from NHAI
Ø Covid-19 impact: Next quarter critical for oil industry
Ø Coronavirus impact: India’s fuel demand drops 11 per cent in March
Ø Dr Reddy’s launches naloxone hydrochloride injection in US
Ø Tata Power expands rooftop solar service to 90 cities
Ø Supreme Court ruling brings Vodafone Idea closer to insolvency: Bernstein
Ø Coronavirus: Govt caps prices of alcohols used in making hand sanitizers
Ø Anil Ambani meets ED officials on Reliance Group's exposure to Yes Bank
Ø Panel constituted to prescribe fresh fiscal consolidation road map for centre
Ø IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore
Ø Govt eases import restrictions for certain chemicals, aviation gasoline
Ø Bid to soften blow: Govt, RBI in talks for relief to critical sectors
Ø Indian Bank NPA to rise, no change in board after merger with Allahabad Bank
Ø Sensex ends 581 points lower, Nifty at 8,263 as covid 19 cripples global businesses
Ø SEBI allows companies to report Q4, FY20 results by June 30
Ø Countries that shut down and do testing could bounce back in weeks: Bill Gates
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New web EForm for COVID-19 Compliance by Companies/LLPs
In order to generate greater awareness and confidence on our state of readiness, the MCA is in the process of developing and deploying a simple web form for companies/LLPs to confirm their readiness to deal with the COVID-19 threat. The web form named CAR (Company Affirmation of Readiness towards COVID-19) should be filed by an authorized signatory of Companies & LLPs. CAR -2020 shall be deployed on the 23rd March, 2020. All companies/LLPs are requested to report compliance using the above mentioned web service on the 23rd instant.
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👉 CBDT notified DTVSV Rules, 2020. Online submission of Form 1 and Form 2 are enabled in e-Filing.
https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Vivad_Se_Vishwas_PDF_Links/Notification.pdf
👉 Pr. DGIT(Systems) issued Notification on procedure to filing online Form 1 and Form 2 under Direct Tax Vivad Se Vishwas scheme
https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Vivad_Se_Vishwas_PDF_Links/Notification_12-2020_DTVsVA_2020.pdf
👉 Re - Opening of On-line Facility for Seeking Change of Examination Centre / Group / Medium for appearing in May 2020 CA Examinations. - (19-03-2020)
https://resource.cdn.icai.org/58800exam190320.pdf
👉 Extension of last date of application for the post of AGM, and below in NFRA on deputation/short term contract basis from 11/03/2020 to 31/03/2020
http://www.mca.gov.in/Ministry/pdf/ExtensionCGM_19032020.pdf
👉 Extension of last date of application for the post ofCGM, GM, and DGM in NFRA on deputation/short term contract basis from 11/03/2020 to 31/03/2020.
http://www.mca.gov.in/Ministry/pdf/ExtensionCGM_19032020.pdf
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👉🏻NCLT not to accept any fresh filings till March 27
(All benches of the National Company Law Tribunal (NCLT) will not accept fresh filings till March 27, said a notification)
👇🏻 👇🏻 👇🏻
https://bit.ly/2WrZakn
👉🏻Important RBI Circulars for Bank Branch Statutory Audit
(List of Important RBI Circulars for Bank Branch Statutory Audit Compiled by CA. Ajay Kumar Jain)
👇🏻 👇🏻 👇🏻
https://bit.ly/2IZMSrD
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ICAI council approves to open window for change of their Examination Centre for May 2020 exams due to COVID 2019 for 3 days i.e., 21st, 22nd & 23rd March 2020.