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championat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from championat.com Daily Mail and Mail on Sunday newspapers.
Board of Angel Broking approves proposal for change in company name
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Angel Broking Ltd to change name
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NEW DELHI: The Ministry of Corporate Affairs (MCA) has expanded the definition of small and
medium sized companies (SMCs) by raising their turnover and borrowing limits in a bid to simplify accounting processes and lessen compliance burden for small firms.
According to the new definition, an SMC is an unlisted company, which are not banks, financial institutions or insurance firms with sales of up to Rs 250 crore and borrowings up to Rs 50 crore. Earlier, companies with sales of Rs 50 crore and borrowings of Rs 10 crore under the general accounting standards were qualified to be called SMC. In a notification issued on Wednesday, the ministry said the Companies
Letters to the editor dated April 30, 2021
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Updated on
Medical emergency
‘India to import 4,50,000 vials of Remdesivir’ (April 30) speaks volumes about the gravity of the Covid situation across the country. While the said imports by HLL Lifecare Ltd, a government company, is likely to arrive soon, it’s incumbent upon the government to keep a close watch on all those currently engaged in hoarding and black-marketing of such life-saving drugs.
More importantly, the extreme shortage of medical oxygen has worsened the situation. In fact, the situation calls for the imposition of a national medical emergency. There is no room for any complacency on this count.