RBI-FEMA
Reserve Bank of India (RBI) has issued the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015. These Regulations dealt with the exports, the declaration to be filed, the realization of export value etc. The
FEM (Export of Goods and Services) Regulations 2015 clarify that in
case for the export of services where no Form has been prescribed, the
exporter may be permitted to export such services without furnishing any
declarations, provided the exporter realises the full value of the
services exported within the prescribed time and the payments for the
services are made in the specified manner. This regulation shall come
into effect from 12th May, 2016.
MCA
MCA has again relaxed the additional fees on all forms. As per the latest circular, relaxation of additional fees and extension of last date of filing of various e-Forms under
the Companies Act. It has been decided to extend the period for which
the one time waiver of additional fees is applicable to all e-forms
which are due for filing by companies between the 25th March 2016 upto 31st May 2016 as well as extend the last date for filing such documents and availing the benefit of waiver to 10.06.2016.
Thanks & Regards,
Meetesh Shiroya
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