MCA vide Circular dated 17th August, 2020 clarifies that the Companies which are unable to hold their AGM for the Financial Year ended on 31st March, 2020, despite availing the relaxations provided in the General Circular 20/2020 i.e. Relaxations in[…]
Ministry of Micro, Small and Medium enterprises vide notification dated 26th June, 2020 notifies certain criteria for classifying the enterprises as micro, small and medium enterprises, manner of calculation of Investment and Turnover and specifies the form and procedure for[…]
SEBI vide circular dated 25th June, 2020 further extends timelines in continuation to earlier circular dated 19th March, 2020 for submission of the Annual Secretarial Compliance (ASC) Report for Listed entities for the year 2019-2020 till 31st July, 2020 due[…]
SEBI vide Circular dated 24th June, 2020 further extends timelines in continuation to earlier circular dated 23rd March, 2020 for submission of financial results under following Regulations of LODR: Regulation 33– Submission of financial results for the quarter and the[…]
MCA vide circular dated 19th June, 2020 further extends timelines in continuation to earlier circular 11/2020 dated 24th March, 2020 for the following compliances under Companies Act, 2013: Section 73(2)(c)- Requirement to create the Deposit Repayment Reserve of 20% of[…]
Most Asian bourses had already fallen sharply earlier in the day.
The economic outlook remains exceptionally uncertain, with the Covid-19 pandemic continuing to exert a substantial toll on economies and societies.
The two-day event concludes amid a renewed push by a top lawmaker in Washington to agree on an additional spending bill to prop up the economy.
As regional economies contract this year the number of poor people will likely rise by at least 78 million.
A recession is defined as two consecutive quarters of contraction. Australia's economy shrank 0.3 percent in the previous three months.