8th April 2K20
Ø Sebi opens doors for Mauritius based funds to get preferential Cat I FPI license
Ø DHFL not to make any payment to lenders, bondholders
Ø Covid throws a wrench into India's disinvestment plans
Ø Covid can push informal sector workers into poverty
Ø Govt may need Rs 5L cr more to support economy: Garg
Ø UAE assures additional LPG supplies to meet demand
Ø Roundup: India eases curbs on the drug Trump wants
Ø Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra
Ø L&T wins 'large' contract from Indian Army for advanced IT-enabled network
Ø Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors
Ø Total SA enters into a joint venture with Adani Green, invests Rs 3,707 cr
Ø Tata Power Solar bags 300 MW plant project from NTPC worth Rs 1,730 cr
Ø JSW Energy gets CCI nod to acquire GMR Kamalanga Energy
Ø As crude prices plummet, India’s tanks are only half full
Ø PE investments slump 39% YoY in Q1 of 2020: Report
Ø Wipro to announce Q4 results on April 15
Ø Suzlon Energy’s total debt at Rs 14,262 cr
Ø Turbine maker Senvion to sell its Indian facility
Ø WeWork sues SoftBank after $3-bn tender offer falls through
Ø SBI cuts savings deposit rate to 2.75%, lowers MCLR by 35 bps
Ø India biggest producer of 'game-changer' hydroxychloroquine drug
Ø RBI widens states' overdraft facility
Ø EU to agree coronavirus economic rescue package but not ‘coronabonds’
Ø Commerce ministry creates online platform for issuance of ‘certificate of origin’ for exporters
Ø Cairn asks govt to revisit oil taxation regime; says funding new exploration difficult
Ø Sensex zooms 2,476 pts to reclaim 30K level; Nifty rallies 708 pts
Ø India drops anti-dumping probe against chemical imported from Saudi Arabia
Ø Railways asks cement firms to unload goods for supply of essentials
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👉🏻SIDBI to provide emergency working capital of up to Rs 1 crore to MSMEs
(SIDBI has said that it will provide emergency working capital of up to Rs. 1 Cr to MSMEs against their confirmed govt orders)
👇🏻 👇🏻 👇🏻
https://bit.ly/2RmfnUV
👉🏻Remuneration to Directors to attract GST - AAR
(Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said)
👇🏻 👇🏻 👇🏻
https://bit.ly/3e3ETbl
👉🏻RBI asks banks to offer 3-month moratorium for all
(RBI has told banks and NBFCs that all borrowers should get 3 month moratorium and can opt-out if they choose)
👇🏻 👇🏻 👇🏻
https://bit.ly/2xTjlxv
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Commissioner of customs has issued a public notice dated April 01,2020 regarding clearance of goods to SEZ- facilitation during lockdown period in view of outbreak of COVID-19.
DGFT department of Commerce, has issued a trade notice no. 60/2019-2020 dated March 31,2020 regarding extension of validity of Registration cum Membership Certificate (RCMC) beyond March 31, 2020.
Ministry of Corporate Affairs has issued Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020 during the period starting from 1st April, 2020 and ending on 30th September, 2020.
Indian share markets are almost certain to get billions of dollars in foreign fund inflows, with the regulatory changes allowing for higher foreign portfolio investment limits in various companies. The only thing that remains uncertain, and depends on an X-factor, is whether it will happen with the impending revision in MSCI indices in May, or sometime later in the next revision.
ICAI members / leading Professionals and Academicians to be an Examiner in ICAI for evaluation of Answer Books digitally, after qualifying computer based test. Apply on examinerspanel.icaiexam.icai.org
ICAI Extension of time period for commencement of Practical Training on or before 30th April 2020 to 31st May, 2020 for appearing in Final examination to be held in November, 2022.
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MCA Update 08.04.2020
Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 and rules made thereunder on account of the threat posed by Covid-19.
http://www.mca.gov.in/Ministry/pdf/Circular14_08042020.pdf
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All Pending Income Tax Refunds up to Rs 5 Lakh to Be Released Immediately; 14 Lakh Taxpayers to Benefit
http://dhunt.in/9bsRM?s=a&ss=wsp
Source : "News18"
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