The Reserve Bank of India (“RBI”) on 10 August, 2022 issued fresh detailed norms to amend and reinforce the Digital Lending sector of the country (“Regulations”).
With the rise and #preference in selection of LLP as one of the preferred #business structures, the Indian Ministry of Finance, on 26 July 2022, simplified the LLP incorporation process through a single application form - Form FiLLiP for allotment of PAN and incorporation of LLP.
Ministry Of Corporate Affairs launched a revamped version of its website, where users can fill and file the E-Forms on the portal. The online mechanism enables saving, editing, filing and monitoring the filing #status.
The Reserve Bank of India ("RBI") on 02 August 2022, eased the lending requirements for MSMEs, by introduction of a new #Priority #Sector list to ensure #continous flow of credit to them and will also boost #government of India's #easeofdoingbusiness campaign.