Sunday, June 21, 2020

COVID-19: MCA extends Time for Creation of Deposit Repayment Reserve of 20% and to Invest or Deposit 15% of Amount of Debentures [Read Circular]

The Ministry of Corporate Affairs (MCA) on Friday further extended the time from June 30, 2020, to September 30, 2020, for creation of a deposit repayment reserve of 20% under Section 73 (2) (C ) of the companies Act 2013 and to invest or deposit 15% under Rule 18 of Companies (Share Capital and Debentures) […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2NfF5bi

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