Alerts & Updates

  • RBI grants in-principal approval for Payment Banks.


  • Online reporting with RBI.


  • Note on clarification issued by MCA.

Clarification by MCA on amounts taken from members, directors or their relatives prior to 01.04.2014

The Ministry of Corporate Affairs ('MCA') has cleared the long prevailing ambiguity resonating across the industry on whether the amounts received by private companies from their members, directors or relatives prior to 01st April, 2014 would be considered as deposit or not as per Companies Act, 2013 ('Act') by issuing a clarification in this regard vide circular no. 05/ 2015 dated 30th March, 2015.

- Clarification by MCA on amounts taken from members, directors or their relatives prior to 01.04.2014