Corporate Updates – 17-02-2017


MCA has revised the versions of eForm – SPICe form (INC-32) (Simplified Proforma for Incorporating Company Electronically). In the new improved version of SPICe e-form, the Certificate of Incorporation will be generated only after approval of Company Incorporation by MCA and also allotment of PAN & TAN by Income Tax Deptt. Till the integration with the CBDT system stabilizes, few Stakeholders may experience occasional delay in receiving the Certificate of Incorporation (COI). All newly incorporated companies using SPICE e-forms are now receiving their PAN in the COI itself and TAN separately by e-mail. The revised forms will be available on the portal on the portal of MCA w.e.f 19th February, 2017. Stakeholders are advised to download the latest version before filing. Form- wise date of last version change is available at on the website of MCA.


RBI has increased the quantum of gold loans from Rs.1.00 lakh to Rs.2.00 lakh granted by the Regional Rural Banks (RRBs). Provided, the period of the loan shall not exceed 12 months from the date of sanction, Interest will be charged to the account at monthly rests but will become due for payment along with principal only at the end of 12 months from the date of sanction and RRBs should maintain a Loan to Value (LTV) ratio of 75% on the outstanding amount of loan including the interest on an ongoing basis, failing which the loan will be treated as a Non Performing Asset (NPA).

News from NIRC of ICSI

Registration open for NIRC’s Workshop on "NBFC" CS Vinod Kothari, on Saturday, the 18th February, 2017 (Registration starts at 9.00 AM) from 10.00 am onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 400/- upto 17-02-2017 for all participants including Corporate Members of NIRC; Online Payment / Registration can be made through PAYTM; Free For Members of YUVA Corporate Membership Scheme of NIRC; Program Credit Hours: 04.

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