Entries by Vinod Kothari Consultants

Help in the hour of need: RBI relaxes asset classification norms for MSME accounts

February 7, 2018 /0 Comments/in , /by

By Abhirup Ghosh(finserv@vinodkothari.com) The Reserve Bank of India (RBI), on 7th February, 2018[1], has come out with a notification to grant relaxation to banks and NBFCs with respect to asset classification in case of MSME accounts. The notification has been released on the pretext that the due to the implementation of Goods and Services Tax, […]

DIN application & allotment- the amendments

January 26, 2018 /3 Comments/in /by

By Smriti Wadehra (corplaw@vinodkothari.com) DIN application & allotment- the amendments Introduction The Ministry of Corporate Affairs is aiming towards ease of doing business and intends to simplify the procedure of incorporation of a company. As per the erstwhile provisions, the in order to incorporate a company the person proposed to hold directorship thereof had to […]

MCA relaxing Registration offices and Fees Rules – Stepping towards eASE of Business

January 26, 2018 /0 Comments/in /by

By Chahat Jain (corplaw@vinodkothari.com) MCA is implementing reforms to make doing business easier, targeting more and more business to register as companies with a vision to make India count in top 50 of World Bank’s Doing Business rankings. The Companies (Amendment) Act, 2017 also mandates revision in fees pursuant to changes proposed in Section 403 […]