1. The Government of India has promulgated ‘The Banning of Unregulated Deposit Schemes Act, 2019’ (21 of 2019) and it has commenced from 21 February 2019. Further, the Department of Financial Services, Ministry of Finance, Government of India, has notified ‘The Banning of Unregulated Deposits Schemes Rules, 2020’ with effect from 12 February, 2020. 2.1…
The Finance Minister Shri Arun Jaitley stated in his India Union Budget Speech on 1 February 2018 that, “The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. “. Any attempt to regulate…
A Legal Entity Identifier (or LEI), is a 20-character alpha-numeric string that is used to identify distinct legal entities that engage in financial transactions. The LEI is a global standard (ISO 17442), designed to be non-proprietary data that is freely accessible to all. Simply put, the publicly available LEI data pool can be regarded as…
Download a Copy of this Document in PDF Section 248 of The Companies Act, 2013 provides for a special procedure to dissolve a company without going through the elaborate procedures of liquidation or winding up through tribunal. A company, other than a Section 8 company (not for profit company) may file an application (eForm STK-2)…
1. The National Financial Reporting Authority constituted section 132 of The Companies Act, 2013 has the power to investigate, either suo moto or on a reference made to it by Central Government, for such class of bodies corporate or persons, in such manner as may be prescribed into the matter of professional or other misconduct…
