http://www.mca.gov.in/Ministry/pdf/Orders_25022020.pdf APPLICABILITY OF CARO 2020 MCA HAS NOTIFIED THE REVISED ORDER WHICH MAY BE CALLED THE COMPANIES (AUDITOR’S REPORT) ORDER, 2020 AND SHALL COME INTO FORCE ON THE DATE OF ITS PUBLICATION IN THE OFFICIAL… MCA UPDATES DATED 25.02.2020

http://www.mca.gov.in/Ministry/pdf/rule_19022020.pdf 1. Powers conferred by Sections 396, 398, 403 and 404 read with sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 the Central Govt. makes following rules named as Companies (Registration… MCA UPDATES DATED 18.02.2020

HUMAN RIGHTS 1. The Ministry of Corporate Affairs is steering the process of formulating a National Action Plan on Business and Human Rights (NAP). 2. The obligation to draft a NAP stems from India’s endorsement… INVITATION FOR INPUTS FOR INDIA’S NATIONAL ACTION PLAN ON BUSINESS AND

18/02/2020 A. How to opt-in Composition Scheme: The application for opting-in composition scheme for the financial year, 2020-21 has been made available on GST Portal. The taxpayers who are already in composition scheme in previous… Advisory on Opting-in Composition Scheme for 2020-21 by filing FORM GST CMP-02

Declaration of GSTIN mandatory in Import/Export documents w.e.f. 15th February, 2020 Certain cases have been reported where the importer or exporter did not declare their GSTIN in the Bill of Entry/Shipping Bill despite being registered… Circular No. 09/2020 – Customs dated 5th February, 2020

February, 2020) 1. SEBI based on the recommendations of a Working Group and inputs from public consultation, reviewed the framework for regulation of Portfolio Managers and the SEBI (Portfolio Managers) Regulations, 2020(“PMS Regulations”)has been notified… GUIDELINES FOR PORTFOLIO MANAGERS Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 (Dated 13th

(1A) of the Central Goods and Services Tax Rules, 2017 in certain cases In exercise of the powers conferred by sub-rule (1A) of rule 117 of the Central Goods and Services Tax Rules, 2017 read… Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117

Other updates related Tax • PAN cards will be allotted instantly online soon with Aadhaar. • Proposal to bring down litigation in direct taxation scheme; 4.83 lakh direct cases pending in various appellate forums. •… 2020 Budget highlight for Income Tax:

For Individuals: 1. Income tax rates will be significantly reduced for those who forego reliefs, exemptions Income between 1) Rs 5 to 7.5 lakh tax reduced from 20% to 10% 2) Rs 7.5 to 10… 2020 Budget highlight for Income Tax:

No. SEBI/HO/MRD/DDAP/CIR/P/2020/16 (Dated 28 th January, 2020) With reference to SEBI circulars dated June 07, 2016, February 23, 2017 and January 10, 2019, which, inter alia, provides norms on composition of IPF Trust, and functions… IPF TRUST AND COMMITTEES AT MARKET INFRASTRUCTURE Institutions (MIIs) – Circular