KSPG Netherlands Holding B.V., In Re. (Authority for Advance Rulings) -
KSPG Netherlands Holding B.V. (applicant), is a company incorporated in Netherlands on November 6, 2008 with its registered office in Amsterdam. PG India is the private limited company incorporated under the Companies Act, 1956 on October 26, 2006, which was held by Pierburg GmbH until November 2008. During November 2008, Pierburg GmbH...
Read More
In re Seagate Singapore International Headquarters Pvt. Ltd. (Authority for Advance Rulings) -
Seagate Singapore International Headquarters Pvt. Ltd. (applicant) was engaged in the business of manufacture and sale of Hard Disk Drives (disks). It has been supplying disks to Original Equipment Manufacturers (OEMs) in India. In order to minimize the delays in the procurement of inputs from the applicant, the OEM proposed to put in pla...
Read More
In a bid to salvage auditing profession’s credibility following the Satyam fraud, the Institute of Chartered Accountants of India (ICAI) said on Tuesday that it was considering making public the names of auditors found guilty in scams. ICAI is the regulatory body of chartered accountants in India....
Read More
Earlier, SEZ unit holders and developers had raised concerns regarding continuation of tax benefits like income tax holiday after the Direct Tax Code comes into effect, replacing the existing Income Tax Act. The Minister informed the reporters that the Finance Minister in his Budget speech has said that the government is committed to ensu...
Read More
I need not reiterate the fact that Company Law is complicated everywhere in view of its exposure, the interest of the stake holders, plethora of regulations, the stakes and the responsibility of the state or the statutory authorities. As everybody knows, in India, the jurisdiction to decide company disputes substantially rests with the Co...
Read More
RBI/2009-10/336, RPCD.CO.RF.AML.BC. No.59/07.40.00/2009-10 -
03/03/2010
RPCD.CO.RF.AML.BC. No.59/07.40.00/2009-10 Some of the salient features of the amendment, relevant to state and central co-operative banks are as under- Clause (ca) inserted in sub-rule (1) of Rule 2 defines non-profit organization. Clause (BA) inserted in sub-rule (1) of Rule 3 requires banks/ financial institutions to maintain p...
Read More
Notification No. S.O. 527(E) -
03/03/2010
Section 49 of the Special Economic Zones Act, 2005 – Power to modify provision of this Act or other enactments in relation to Special Economic Zones – Exemption to ATMs in SEZ from being treated as Offshore Banking Units. Notification No. S.O. 527(E), dated 3-3-2010...
Read More
The Budget proposals have thrown up a dampener for the housing industry. Construction services have now been brought under the ambit of the service tax in an unexpected move that would raise cost of apartments that are still under construction....
Read More
While the government stands to gain around Rs 1,000 crore from service tax on transportation of goods by railways, freight movement on the rail network may become unattractive in case of the tax being passed on to transporters. In the event of the tax being absorbed by the national transporter, allocations reserved for development purpose...
Read More
Tax slabs liberalized :-The most significant and far reaching change proposed is the amendment in the income tax slabs. This move is a definite step towards taking the tax slabs to the proposed Direct taxes code (DTC) to be implemented in next year....
Read More
