Government’s Proactive Measures in Companies Act Amendment Enhancing Financial Compliance and Capital Accessibility The government is poised to implement significant changes to the Companies Act to facilitate easier access to capital for bankrupt entities while reinforcing the regulatory framework surrounding statutory audits. This initiative stems from ongoing efforts to optimize financial compliance and foster a more robust business environment. Key Legislative Changes and Clarifications Enhanced Auditor Independence Norms: In light of recent audit lapses, particularly […]

RBI Proposes Harmonized Regulations for Housing Finance Companies and NBFCs Draft Framework for Regulatory Harmonization On January 15, the Reserve Bank of India (RBI) released a draft framework aimed at harmonizing the regulations for Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs). This initiative covers multiple areas, including deposit directions. The banking regulator has invited NBFCs, HFCs, and other stakeholders to provide comments by February 29, 2024. RBI’s draft circular also indicates that certain […]

One-time Relaxation in Additional Fees for Delayed Filing of LLP Forms The Ministry of Corporate Affairs (MCA) has announced a significant development for Limited Liability Partnerships (LLPs) facing difficulties in filing Form-3, Form-4, and Form-11 under Section 67 of the Limited Liability Partnership Act, 2008, read with Section 460 of the Companies Act, 2013. The government has introduced a one-time relaxation in additional fees for those LLPs that could not file the forms within the […]

CMD Register: Your Indian Business Intelligence Portal Service providers who offer Company Registers are an important part of the business world today because they give important information and details about companies. In India, the Ministry of Corporate Affairs (MCA) was in charge for a long time. But now, several companies offer this service. These service providers keep large files with important information about companies, their leaders, their finances, and other important facts. One company that […]

Types of Business Entities in Hong Kong Before you contemplate establishing a company in Hong Kong, you must first decide on the kind of business entity that is best for your business concept. Hong Kong is regarded as one of the world’s most desired financial markets. As a result, it is rapidly becoming the preferred location for most business travelers. Along with free trade and a free business economy, Hong Kong has created non-interfering government […]