MCA issues draft procedure for submission of Audit Files to NFRA.

The Ministry of Corporate Affairs on 28th April 2020 has issued draft procedure which shall be followed by all entities regulated by NFRA for submission of Audit Files to NFRA. Key Highlights from the Draft Procedure: These procedures are applicable to all audit firms/ chartered covered under the jurisdiction of the National Financial Reporting Authority. […]

SEBI further relaxes the compliance requirements of Mutual Funds.

The Securities and Exchange Board of India Vide its circular dated 30th April 2020 has further provided various relaxations to mutual fund houses, including extension in deadline for submission of annual reports. SEBI in its earlier circular dated 20th September 2020 has made it mandatory for liquid funds to hold at least 20% of their […]