MCA UPDATE
New Version of e-Forms
New version of e-Form INC-7 is likely to be updated w.e.f 14th may 2016. Also, Forms GNL-1 and GNL-4 were recently made available on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing.
RBI UPDATE
Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016
RBI has notified Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 in supersession of the erstwhile Foreign Exchange Management (Manner of Receipt and Payment) Regulation, 2000 which deals with Receipt from and Payment to a person Resident outside India and dealing with Transactions in Indian Rupees with Residents of Nepal and Bhutan.
They shall come into effect from the date of their publication in the Official Gazette.
