"11 April 2014" Archive

Nomination & Remuneration Committee and Stakeholders Relationship Committee u/s. 178 of Companies Act,2013

The Companies Act, 2013 and corresponding rule, Companies (Meetings of Board and its Powers) Rules, 2014 has mandated the constitution of Nomination and Remuneration Committee and Stakeholders Relationship committee for certain classes of Companies, which was already recommendatory under clause49 of the Listing agreement. ...

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Posted Under: Company Law |

Notification No. 15/2014-Customs (ADD) Dated: 11.04.2014

Notification No. 15/2014-Customs (ADD) (11/04/2014)

WHEREAS in the matter of Cast Aluminium Alloy Wheels or Alloy Road Wheels used in Motor Vehicles, whether or not attached with their accessories...

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A Quick Primer on Financial Planning for Beginners in the Year 2014-2015

It’s the single biggest investment mantra that never fails and a time tested fact that early investing gives you the best possible returns – be it mutual funds, bank deposits, stock markets or any other investment avenue. While there is no age limit for knowledge and one can achieve it at any point in life, […]...

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Posted Under: Company Law |

CDBT Directive On Opposing Mergers/ Amalgamations/ De-Mergers before HC

F.No.279/MISC./M-171/2013-ITJ (11/04/2014)

F.NO.279/MISC./M-171/2013-ITJ In this connection Circular No 1/2014 dated 15.01.2014 has been issued by MCA to Regional Directors which lays down that while furnishing any report regarding reconstruction or amalgamation of companies under the Companies Act, comments and inputs from the Income Tax Department may invariably be obtained so a...

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CA Final Attempt Eligibility – Last 6 Month of Articleship or last 12 Months?

CA Sandeep Kanoi Recently Whatsapp and Facebook is abuzz with the rumor that CA Final Exam can be given by a student who is serving the last twelve months of practical training on the first day of the month in which the examination is scheduled to be held instead of earlier time limit of six […]...

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Posted Under: Company Law |

MCA extends efiling date from 14th April to 28th April 2014

Public Notice No. MCA21/28/2014 (11/04/2014)

Ministry of Corporate Affairs (MCA) has issued Public Notice No. MCA21/28/2014-eGov dated 11th April, 2014 informing stakeholders that the all E-Forms will be available for upload with effect from 28th April, 2014 instead of 14th April, 2014 as notified earlier on 28th March, 2014....

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Service Tax Exemptions to Training / Coaching In Recreational Activities

Dr. Sanjiv Agarwal Services by way of training or coaching in recreational activities relating to arts, culture or sports are exempt from levy of service tax.  These terms can be understood as follows: Art: Art is a very broad expression and may include host of areas. According to American Heritage Dictionary, the conscious use of [&hell...

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Posted Under: Company Law |

Fast Track Quick Revision of Income Tax for AY 2014-15

I am attaching herewith book titled 'Fast Track Quick Revision of Income tax for AY 2014-15', which can be extremely useful for students who are appearing for for CA, CS, CMA exam May / June 2014 attempt. ...

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Posted Under: Company Law |

Income Tax Calculator FY 2014-15 / AY 2015-16 in Excel Format

DOWNLOAD INCOME TAX CALCULATOR IN EXCEL FORMAT FOR ASSESSMENT YEAR 2015-16 / FINANCIAL YEAR 2014-15. Salient features of the Simple tax calculator. Simple tax calculator for the use of salaried employees of govt and private sector.Easy use of calculator- Key in the salary details and investment/tax saving details yellow colored cell to co...

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Eligibility for foreign nationals as director under Companies Act, 2013

The Ministry of Corporate Affairs (MCA) has notified vide Section 149 (3) which effective April 1, 2014, every company must have at least one resident director. Resident Director: Resident Director As per Section 149 (3) is the one who has stayed in India for a total period of 182 days in the previous calendar year. ...

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Posted Under: Company Law |