The President of India Shri Ram Nath Kovind, on 21st February 2019 assented the Finance Act, 2019, thus giving effects to the amendments proposed in the Finance Bill 2019.

Like KYC of Directors, time to KYC for Companies. Ministry of Corporate Affairs notified the rules for ACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION (ACTIVE) on 21st February 2019. According to this rule, every company incorporated...