Form BEN-2 is likely to be revised
The Ministry of Corporate affairs on 22nd August 2019 has announced on its website that the form BEN-2 is likely to be revised on MCA21 Company Forms download page with effect from August 23rd, 2019. Therefore, Stakeholders have been advised to check the latest version before filing.
MCA clarifies Section 232(6) of Companies Act
MCA Through its circular has clarified the interpretation of the provision of Section 232(6) of the companies Act 2013 w.r.t “Appointment date” and “Acquisition date” for the purpose of Ind-AS103 to be identified under the merger scheme.
RBI released final Framework for Regulatory Sandbox
RBI has released the final framework for Regulatory Sandbox on 13th August, 2019 after incorporating all changes suggested by stakeholders.
Regulatory Sandbox usual refers to live testing of new products or services in a controlled/test regulatory environment. It allows the regulator, the innovators, the financial service providers and the customers to conduct field tests to collect evidence on the benefits and risks of new financial innovations,
