"23 November 2016" Archive

IBBI (Insolvency Professionals) Regulations, 2016

Notification No. IBBI/2016-17/GN/REG003 (23/11/2016)

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. (2) These Regulations shall come into force on 29th November, 2016....

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DoPT guidelines to make appointment faceless, paperless & cashless-reg.

F.No. HRD/CMD/127/12/2016-17/7475 (23/11/2016)

It is requested that with a view to make the appointment faceless, paperless and cashless, your offices should issue letter for police verification as per the DoPT guidelines and form for self declaration. Appointment letter should also be issued by email ....

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Limit for Coverage under ESIC & More Sectors under ESIC & EPF

Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 21,000/- pm....

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Posted Under: Corporate Law |

GST Council Meeting rescheduled on 2nd-3rd December, 2016

Another Meeting of the Law Sub-Committee comprising of the officers of the States and the Centre has been now scheduled for 25th November, 2016 in Delhi in order to finalise the draft GST related Laws before placing them before the GST Council....

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Posted Under: Corporate Law |

Demonetised notes cannot be deposited in Small Savings Schemes

RBI/2016-17/151 DCM (Plg) No.1351/10.27.00/2016-17 (23/11/2016)

subscribers of Small Savings Schemes may not be allowed to deposit SBNs in Small Savings Schemes. Banks are, therefore, advised not to accept SBNs for deposits in Small Saving Schemes with immediate effect....

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Personal Loan Benefits for Education to Individuals in 30% Tax Bracket

Pursuing higher education is a dream for many. Many people wish to pursue their further education through a masters or a doctorate program. Some may choose to study within the country, while some may enroll at a university outside the country....

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Posted Under: Corporate Law |

Applying Personal Loan vs. Breaking Investments during Financial Crisis

There are numerous instances in day-to-day life where finance is needed. Such capital may be required for multiple purposes, like meeting emergency, medical purposes, funding further education, besides others. In absence of liquid cash, there are two alternatives to obtain the necessary finance, namely borrowing a loan for personal use or...

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Posted Under: Corporate Law |

Cabinet approves revamped Merchant Shipping Bill 2016

Cabinet approves introduction of the revamped Merchant Shipping Bill 2016 in the Parliament and simultaneous repealing of the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838...

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Posted Under: Corporate Law |

Decision for farmers benefit and to promote digital payments

Following the cancellation of legal tender character of old Rs. 500 and Rs.1000 notes, a number of measures have been announced by the Union Government, taking into consideration the requirements of various sections of society. ...

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Posted Under: Corporate Law |

Insolvency & Bankruptcy Board notifies 2 Insolvency Regulations

Insolvency and Bankruptcy Board (IBBI) of India notifies two Regulations; The IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional Agencies) Regulations, 2016....

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Posted Under: Corporate Law |
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