Tuesday, 15 September 2015

Now private company can  accept unsecured loans even from a relatives 

MCA Update on Deposit From Relative By Private Limited Company:

Deposits rules are quickly getting aligned with old 58A exempted rules to private limited company.

Without any upper limit of amount, now a private company can  accept unsecured loans apart from director even from a relative (as per definition) of a director of the company with simple declaration saying the relative has not borrowed same from others. The relative need not be a shareholder of the company.

​http://www.mca.gov.in/Ministry/pdf/Amendement_Rules_15092015.pdf

Major relief to MSME including Small Traders announced in 32nd GST Council meeting held on 10th January 2019

Major relief to MSME including Small Traders were announced in 32nd GST Council meeting held today on 10th January 2019. 1.   Increase in...