January 16, 2020 to January 31, 2020.
COMPANY LAW
1. Companies (Winding Up) Rules, 2020
Ministry of Corporate Affairs (MCA) has introduced Companies (Winding Up) Rules, 2020. These rules are applicable for winding up of Companies under Companies Act, 2013 and will come into force on April 1, 2020.
2. Extension of last date for filing Form AoC-4 NBFC (Ind AS) and Form AoC-4 CFS NBFC (Ind AS) for FY 2018-19 under Companies Act, 2013
Given that the Form AoC-4 NBFC (Ind AS) and Form AoC-4 CFS NBFC (Ind AS) are expected to be available on MCA portal by 17th February, 2020, Ministry of Corporate Affairs has extended the time limit for filing the forms to 31st March, 2020 without payment of additional fees.
3. Companies (Accounts) Amendment Rules, 2020
Ministry of Corporate Affairs (MCA) has amended Companies (Accounts) Rules, 2014 to provide that every Non-Banking Financial Companies which is required to comply with Ind AS shall file financial statement with Registrar of Companies together with Form AoC-4 NBFC (Ind AS) and Form AoC-4 CFS NBFC (Ind AS). The amendment also prescribes the relevant Forms.
CUSTOMS
4. Publishing of rate of exchange for conversion of the foreign currency
The Central Board of Excise and Customs (CBEC) vide Notification No. 05/2020 - Customs (N.T.) notified the rate of exchange for conversion of the foreign currency into Indian currency or vice versa for Export and Import of goods, with effect from 17th of January 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
