Share with your friends

First Notes - Archive

First Notes - Archive


Also on

MCA amended CSR provisions under the Companies Act, 2013

12 January 2021

MCA notified certain provisions of the Companies (Amendment) Act, 2020

13 January 2021

SEBI streamlines the framework for schemes of arrangement for listed companies

19 November 2020

Revised norms relating to PF and gratuity under the Code on Social Security, 2020

29 October 2020

SEBI issues amendments for listed companies including disclosure of forensic audit

28 October 2020

The Companies (Amendment) Act, 2020

15 October 2020

Proposal for top 1,000 listed companies to adopt BRSR voluntarily for FY20-21

26 August 2020

Ind AS amendments including accounting for rent concessions and interest rate benchmark reforms

7 August 2020

Guidance on subsequent events owing to COVID-19

17 June 2020

SEBI’s advisory on disclosure of material impact of COVID-19 by listed companies

5 June 2020

AGMs through VC or OAVM facility and other regulatory relaxations

29 May 2020

Guidance on going concern assessment amid COVID-19

21 May 2020

COVID-19: Potential impact on financial reporting

24 March 2020

The Reserve Bank of India issues regulatory guidance on Ind AS for NBFCs and ARCs

20 March 2020

MCA provides clarification on the liability of independent directors, non-promoters and non-KMP non-executive directors

17 March 2020

IRDAI defers the effective date for implementation of Ind AS in the insurance sector till further notice

24 January 2020

SEBI defers the timeline for separation of the roles of non-executive chairperson and MD/CEO by two years

17 January 2020

SEBI mandates disclosure on loan defaults by listed entities and other updates

3 December 2019

SEBI mandates prompt disclosure by banks on NPA divergence

25 November 2019

MCA issues norms for data bank of independent directors

8 November 2019

SEBI issued new requirements with regard to an auditor’s resignation

6 November 2019

Amendments to IFRS pursuant to benchmark interest rate reform

22 October 2019

ITFG clarifications’ bulletin 21

14 October 2019

SEBI issues directions for settlement of outstanding dues prior to filing a scheme of arrangement

24 September 2019

MCA clarifies ‘appointed date’ and ‘acquisition date’ in a scheme of arrangement

9 September 2019

The Companies (Amendment) Act, 2019 received Presidential assent

16 August 2019

SEBI issues revised format for compliance report on corporate governance by listed entities

31 July 2019

ITFG clarifications' bulletin 20

11 July 2019

SEBI revises materiality threshold for payments relating to brand or royalty

1 July 2019

SEBI proposes changes in the rights issue process

12 June 2019

SEBI proposes revised norms relating to buy-back of securities

11 June 2019

ITFG clarifications' bulletin 19

7 June 2019

MCA notified amendments to NCLT Rules

23 May 2019

MCA notified amendments to certain Ind AS

10 May 2019

MCA issued an amendment relating to one-time return of deposits and Form DPT-3

8 May 2019

Amendments relating to one-time return of deposits

25 April 2019

SEBI issued procedure and formats for limited review and audit reports

9 April 2019

SEBI defers implementation of the brand and royalty regulation

4 April 2019

New standard on leases notified

2 April 2019

MCA further amends deposit norms - mandatory return for all amounts not considered as deposits

6 February 2019

SEBI proposes norms for direct listing of equity shares within and outside India

22 December 2018

SEBI issues amendments to the Listing Regulations - reclassification of promoters and additional disclosure in an annual report

20 December 2018

NFRA Rules notified

13 December 2018

MCA further amends Companies Act, 2013 through an ordinance

28 November 2018

MCA proposes amendments to the Companies Act, 2013

21 November 2018

ICAI clarifies applicability of disclosure norms relating to Specified Bank Notes (SBNs)

4 September 2018

SEBI issues a consultative paper on revision of provisions relating to reclassification of promoters

17 August 2018

The Ministry of Corporate Affairs (MCA) through its notifications dated 5 July 2018 and 27 July 2018 notified certain sections of the Companies (Amendment) Act, 2017

2 August 2018

Indian Valuation Standards issued by the ICAI

1 August 2018

MCA notified certain provisions of the Companies (Amendment) Act, 2017

28 May 2018

FRRB issued its observations on compliance with financial reporting requirements by listed and other companies

8 May 2018

SEBI decisions regarding the Report of the Committee on Corporate Governance

20 April 2018

SEBI relaxes norms governing schemes of arrangements by listed entities

18 January 2018

Companies (Amendment) Act, 2017 received Presidential assent

16 January 2018

QRB issued its report on audit quality review of top listed and public interest entities in India

13 December 2017

ICAI issues exposure drafts of AS 23, Borrowing Costs and AS 24, Related Party Disclosures

1 November 2017

SEBI defers disclosures of loan defaults from banks by listed entities

4 October 2017

SEBI revises eligibility conditions for exemptions to listed companies merging with unlisted companies

3 October 2017

MCA notifies provisions relating to restriction on layers of subsidiaries under the Companies Act, 2013

3 October 2017

SEBI mandates disclosures of defaults on repayment of loans from banks by listed entities

16 August 2017

MCA proposes to notify the provisions relating to restriction on layers of subsidiaries under the Companies Act, 2013

14 July 2017

MCA amends provisions relating to independent directors under the Companies Act, 2013

14 July 2017

MCA issues further relaxations from certain provisions of the Companies Act, 2013

23 June 2017

MCA issues draft Companies (Registered Valuers and Valuation) Rules, 2017

09 June 2017

Norms for listing of non-convertible redeemable preference shares and debentures

06 June 2017

CBDT issues draft ICDS on real estate transactions

15 May 2017

Issuance of draft regulations for fast track insolvency of corporate persons covered under the Insolvency and Bankruptcy Code

28 April 2017

MCA notifies provisions relating to merger or amalgamation of a foreign company

24 April 2017

RBI issues notifications clarifying certain accounting and disclosure requirements in financial statements of banks

21 April 2017

ICAI issues an implementation guide for auditor's reporting requirements on Specified Bank Notes post demonetisation

21 April 2017

ICAI defers applicability of new/revised standards on auditing to 1 April 2018

 5 April 2017

MCA issues revised limits for certain related party transactions

4 April 2017

CBDT issues FAQs on ICDS

28 March 2017

SEBI revises the regulatory framework for schemes of arrangements by listed entities

27 March 2017

SEBI advises listed companies to adopt integrated reporting voluntarily

9 February 2017

MCA issued relaxation for an IFSC company located in an SEZ

17 January 2017

Provisions relating to merger, amalgamation and winding-up, etc. are notified under the Companies Act, 2013

12 December 2016

RBI modifies guidelines on schemes related to stressed assets

23 November 2016

RBI issues NBFCs Auditor's Report Directions 2016

12 October 2016

The CBDT notifies revised ICDS

5 October 2016

The central government amends limits of managerial remuneration

20 September 2016

The central government notified more sections of the 2013 Act relating to NCLT/NCLAT

16 September 2016

The MCA issues amendments for consolidated financial statements of wholly-owned and partially-owned subsidiaries

16 August 2016

The MCA amends share capital and debenture rules and documents to be submitted by airline companies

08 August 2016

The MCA notifies NCLT and NCLAT Rules, 2016

08 August 2016

The MCA amends certain provisions in deposits rules

20 July 2016

The MCA amends certain provisions relating to auditor’s rotation and managerial remuneration

08 July 2016

The MoF announces deferment of ICDS by one year

07 July 2016

RBI permits writing of options against contracted exposures by Indian residents

29 June 2016

The RBI issues a scheme for Sustainable Structuring of Stressed Assets

23 June 2016

The central government constitutes NCLT and NCLAT and notifies the related sections of the Companies Act, 2013

22 June 2016

SEBI revises the process for listed entities to disclose the impact of audit qualifications

7 June 2016

MCA approves changes to the existing Accounting Standards

13 May 2016

The proposed Companies (Amendment) Bill, 2016

31 March 2016

SEBI issues a Discussion Paper (DP) on 'bright-line tests for acquisition of control' under SEBI Takeover Regulations, 2011 

23 March 2016

SEBI approves the revised procedure for dealing with qualified audit reports

18 March 2016

The RBI revises prudential guidelines on revitalising stressed assets

1 March 2016

Draft Companies (Auditor’s Report) Order 2016

19 February 2016

Report of the Companies Law Committee

06 February 2016

SEBI issues Frequently Asked Questions (FAQs) on certain provisions of the SEBI Listing Regulations, 2015

13 January 2016

MCA notifies sections in the Companies Act relating to reporting of offences involving fraud by auditors and an omnibus approval for related party transactions and issues the corresponding rules 

24 December 2015

SEBI provides relaxation to listed entities for filing financial results under IFRS 

01 December 2015

The CBDT requests for comments on the issues/challenges for proper implementation of the ICDS

27 November 2015

ICAI releases revised guidance on Internal Financial Controls Over Financial Reporting

16 September 2015

The MCA amends norms relating to the preparation of financial statements

09 September 2015

The MCA clarifications regarding circulation and filing of financial statements under the Companies Act, 2013

24 July 2015

The MCA extends the last date for filing of annual return and financial statements forms

14 July 2015

The MCA issues relaxations for private companies from certain provisions of the Companies Act, 2013

11 June 2015

The MCA amends the Companies Act, 2013

2 June 2015

The ICAI issues a guidance note on accounting for expenditure on corporate social responsibility (CSR) activities

28 May 2015

The ICAI issues a guidance note on accounting for derivative contracts

18 May 2015

The ICAI provides an updated guidance on provisions relating to depreciation under the Companies Act, 2013 (Addendum to First Notes issued on 24 April

8 May 2015

The ICAI provides an updated guidance on provisions relating to depreciation under the Companies Act, 2013

24 April 2015

Updated version of the Companies (Auditor's Report) Order unveiled by the MCA

16 April 2015

ICDS - A new paradigm for computing taxable income

9 April 2015

The MCA provides further clarity on deposit related norms of the Companies Act, 2013

2 April 2015

The MCA revamps e-voting norms; relaxes compliance requirements 

26 March 2015

The MCA clarifies applicability of lending norms on loans and/or advances to employees

12 March 2015


The MCA provides transitional relief in the norms relating to the consolidated financial statements

22 January 2015


The Ministry of Finance issues revised drafts on tax computation standards

14 January 2015


The MCA rationalises norms relating to consolidated financial statements and internal financial controls system

16 October 2014

The MCA amends norms relating to useful life and residual value, clarifies certain aspects of capitalisation of costs

01 September 2014

SEBI’s discussion paper on material events and price sensitive information

22 August 2014

The MCA amends shareholder approval norms for related party transactions

19 August 2014

Tax audit report requirements amended

01 August 2014

Related party transactions – certain clarifications by the MCA

18 July 2014

The government proposes to make Ind AS mandatory from the financial year 

10 July 2014

The MCA proposes to ease certain norms for private companies

27 June 2014

The MCA provides clarity on Corporate Social Responsibility under the Companies Act, 2013

23 June 2014

Deferment of provisions relating to voting through e-means and other significant clarifications and amendments

18 June 2014

Clarifications relating to independent directors

12 June 2014

The RBI clarifies certain provisions of the unhedged foreign currency exposure guidelines

05 June 2014

Revision in the Rules on creation of debenture redemption reserve

19 May 2014

SEBI’s amendments to corporate governance norms

22 April 2014

RBI’s framework for revitalising distressed assets in the economy for NBFCs

25 March 2014

Notification of provisions relating to corporate social responsibility under the Companies Act, 2013

28 February 2014

RBI releases guidelines relating to framework on stressed asset resolution

28 February 2014 

Clarification on section 185 of the Companies Act, 2013

17 February 2014 

SEBI's amendments to corporate governance norms

14 February 2014 

RBI circular on utilisation of floating provisions

10 February 2014 

SEBI Regulations on Shelf Prospectus

3 February 2014 

RBI framework on stressed asset resolution

31 January 2014 

© 2021 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

KPMG (Registered) (a partnership firm with Registration No. BA- 62445) converted into KPMG Assurance and Consulting Services LLP (a Limited Liability partnership firm) with LLP Registration No. AAT-0367 with effect from July 23, 2020.

For more detail about the structure of the KPMG global organization please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal