Alerts & Updates

  • RBI grants in-principal approval for Payment Banks.


  • Online reporting with RBI.


  • Note on clarification issued by MCA.

Amendment to definition of Small Company & Section 186 of Companies Act, 2013

In order to provide clarity and for removing difficulties arising due to practical application of Section 2(85) defining Small Company and Section 186 dealing with Loans and Investment made by Companies, amendments have been made to the said provisions of Companies Act, 2013 in a recent order issued by Ministry of Corporate Affairs ('MCA') dated 13th February, 2015.

- Amendment to definition of Small Company & Section 186 of Companies Act, 2013