Discover and read the best of Twitter Threads about #CompaniesAct

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Ministry of Corporate Affairs (MCA) recently made amendments to the national Corporate Social Responsibility (#CSR) policy enshrined under the Companies Act 2013. The amendment has subscribed several changes to the provisions relating to CSR.

#Law #Policy #TAExplains #Explainer
However, one of the key changes made by the amendment is Impact Assessment. Company having the obligation of spending the avg CSR amount of Rs 10 cr or more in the 3 immediately preceding financial yrs in pursuance of Section 135(5) of the Act, shall undertake impact assessment.
#ImpactAssessment to be done by an independent agency and with respect to #CSR projects having outlays of 1 cr or more and which have been completed not less than one year before undertaking the impact study.

The impact assessment reports shall be placed before the Board.
Read 5 tweets
Excellent #Budget2021 by @narendramodi govt

16.5 lakh Cr Agri Credit allocation&Rs 1.18 lakh Cr for roads

Massive 34.5% rise Capital Spending at 5.54 lakh Cr

137% rise in Health budget

Income Tax scrutiny reduced from 6 to 3 yrs;No Double taxation of NRIs

#Growth,the focus
Hike in Insurance #FDI from 49% to 74%,pro #Reforms💪

#Dividend income invested In InvITs &REITs,tax free

No advance tax liability on Dividend income

#LIC IPO--BIG

#Disinvestment of BPCL,Pawan Hans,Air India,Concor,IDBI,Beml, Shipping Corp--BIG

64180Cr #Healthcare budget-BIG
5 Mega #Fishing harbours

7 Mega #Textile Parks

Agri Infra Fund to be available to #APMCs

Voluntary #VehicleScrapping policy

20000Cr #Recapitalisation of PSBs

#ARC to take over stressed assets

7 Port projects to be developed via PPP

18000Cr for Bus Transport
#Modinomics💪
Read 9 tweets
🕚11 AM tomorrow:

The 5th and final #AatmaNirbharBharatPackage press conference by FM @nsitharaman

Turning the #COVID19 crisis into an opportunity

Transforming India into #AatmanirbharBharat

Watch:

#AatmaNirbharEconomy

Don't miss the press conference by Finance Minister @nsitharaman

🕚11 AM today

The fifth set of measures for an #AatmaNirbharBharat

Watch on #PIB's YouTube channel▶️

And get LIVE updates in English and Marathi, on @PIBMumbai

#AatmaNirbharEconomy
Starting in a short while

Fifth #AatmaNirbharBharat press conference by Union Finance Minister @nsitharaman

Watch➡️

Stand by for LIVE updates in this thread 🧵

#AatmaNirbharEconomy
Read 64 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets

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