CA Circle India

In a major relief to businesses navigating insolvency proceedings, the Ministry of Corporate Affairs (MCA) has recently issued crucial clarifications on exemptions under Section 14(1) of the Insolvency and Bankruptcy Code (IBC). These clarifications are significant as they provide clearer guidance to corporate debtors about specific transactions and processes that are not halted by the moratorium, thus enhancing the predictability and efficiency of insolvency proceedings.

With the launch of the MCA21 V3 portal on July 14, 2025, the Ministry of Corporate Affairs (MCA) is rolling out 38 revamped e-forms, including 13 annual filing forms and 6 audit/cost audit forms. This migration is not only digitizes and streamlines the compliance process but also introduces new and modified information requirements across key ROC forms

The Income Tax Department has extended the due date to file income tax return for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.

Over 30000 taxpayers declare foreign assets worth Rs 29,000 Crore in CBDT's campaign

RBI के निर्देश के अनुसार, मुंबई स्थित न्यू इंडिया कोऑपरेटिव बैंक पर कड़े प्रतिबंध लगाए गए हैं।

EMPANELLING EXPERTS AS MEDIATORS OR CONCILIATORS FOR THE FINANCIAL YEAR 2025-26

Draft MEF Panel for Bank Branch Audit- Announcement