The Government vide Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance dated 31.03.2020 has provided relief to tax payers due to spread of Novel Corona Virus.
The Central Board of Indirect Taxes and Customs (CBIC) vide various Notification Nos. 30/2020 to 35/2020 dated 3rd April 2020has provided relief to tax payers due to spread of Novel Corona Virus.
As part of updating its registry, MInistry of Corporate Affairs would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.
Reserve Bank of India (RBI) vide its Circular No. 30 dated 7th June 2018 has announced that it will introduce a Single Master Form (SMF) for integrating the existing reporting structures of various types of Foreign Investment in India.
Ministry of Corporate Affairs vide its Notification dated 10th September 2018 had amended Companies (Prospectus and Allotment of Securities) Rules, 2014. By virtue of this amendment, all unlisted public companies are required to issue/ transfer securities in demat form only and also to dematerialise the existing securities, w.e.f. 2ndOct. 2018, as a measure to enhance transparency, investor protection and corporate governance standards, etc