Reserve Bank of India has issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 on February 27, 2024, which has repealed Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016. These Directions shall apply to the following entities collectively known as Supervised Entities (SEs): (i) All Commercial Banks […]

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Karnataka in 2022 notified THE KANNADA LANGUAGE COMPREHENSIVE DEVELOPMENT ACT, 2022 which states the importance of Kannada as language in Karnataka as official language. Importance is been given to Kannada as a mother language and steps are being taken to ensure the extensive use and propagation of Kannada Language and to co-ordinate the activities relating […]

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  S.No. Act Name Compliance Due Date 1 Master Direction- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 and amendment thereto NBFCs participating in IRF exchanges to submit the data to the Regional Office of the Department of Supervision where it follows FY as April to March (For the half […]

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Central Consumer authority have issued draft guidelines for regulation advertisement by coaching institutes in Feb 2024 for inputs from public. These guidelines will be in addition those provided in ASCI for education institutes or any other law in force.  Click here for copy of draft guidelines.   These guidelines will be applicable on all types […]

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Introduction    After a long wait, Corporate Transparency Act has finally came into force w.e.f. 1st Jan, 2024.  This is a law to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting […]

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China Compliance Updates   Extended deadline for filing and paying withholding tax for 2024   Period Taxpayer Original Extended For the month of January Every person withholding tax from the wages, royalties, interest etc. 15-Feb-2024 23-Feb-2024 For the month of March Every person withholding tax from the wages, royalties, interest etc. 15-Apr-2024 18-Apr-2024 For the […]

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China Compliance Updates   Extended deadline for filing and paying corporate income tax (CIT)     Period Periodicity Original Extended For the month of January Monthly 15-Feb-2024 23-Feb-2024 For the month of March Monthly 15-Apr-2024 18-Apr-2024 For the month of April Monthly 15-May-2024 22-May-2024 For the month of May Monthly 15-Jun-2024 19-Jun-2024 For the month […]

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China Compliance Updates Extended deadline for filing and paying value-added tax (VAT) for 2024.      Period  Periodicity  Original   Extended   For the month of January  Monthly  15-Feb-2024  23-Feb-2024  For the month of March  Monthly  15-Apr-2024  18-Apr-2024  For the month of April  Monthly  15-May-2024  22-May-2024  For the month of May  Monthly  15-Jun-2024  19-Jun-2024  For the month […]

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