"23 May 2014" Archive

Entrepreneurs- One of their kind

Entrepreneurs are leaders who can see into the future with inspired vision, championing highly competent teams to make seemingly impossible possible.It takes a great courage to separate oneself from the herd at any level, be it at the time of attaining education or doing things you love. There is no point in being REALISTIC- why […...

Posted Under: Finance |

Removal of Director by Shareholders Under Companies Act 2013

Power to remove directors have always been bestowed on shareholders, as we all know, that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can remove any director before the expiry of his tenure, except any director appointed by [&...

Posted Under: Finance | ,

SEBI (Payment of Fees) (Amendment) Regulations, 2014

Notification No. LAD-NRO/GN/2014-15/03/1089-SEBI 23/05/2014

No. LAD-NRO/GN/2014-15/03/1089.- Date- 23rd May, 2014 In exercise of the powers conferred by section 30 read with clause (k) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulation...

Notification No. 43/2014-Customs (N.T.) Dated: 23.05.2014

Notification No. 43/2014-Customs (N.T.) 23/05/2014

In the Ministry's Notification No. 12/139/59-Ad.III B dated 5.11.1962 as last amended vide Notification No.1/2013 –Customs (N.T.) issued vide F.No. 394/136/2013­Cus (AS) dated 14.01.2013, the following amendment is made:...

TDS on School bus fees to be deducted U/s. 194C – HC

ACIT (TDS) Vs. Lotus Valley Education Society (Allahabad High Court)

Allahabad HC ruling in ACIT (TDS) Vs. Lotus Valley Education Society clarifies TDS on School Bus Fees under Section 194C, not 194I. Full text available for download....

No tax-free income – No Disallowance U/s. 14A r.w. Rule 8D – HC

Commissioner Of Income Tax Vs M/S. Shivam Motors (P) Ltd. (Allahabad High Court)

Section 14A of the Act provides that for the purposes of computing the total income under the Chapter, no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under the Act....

Exemption u/s. 10(48) – Notified Foreign Company selling codeine phosphate in India

Notification No. 27/2014-Income Tax 23/05/2014

Notification No. 27/2014-Income Tax In exercise of the powers conferred by clause (48) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the national interest, hereby notifies for the purposes of the said clause— (a) M/s Temad, 28th Km Karaj Makhsous Road, Iran, as the foreign company;...

Extension of validity period for names reserved as on 31st March, 2014

General Circular No. 13/2014 23/05/2014

In continuation of the General Circular No.11/2014 dated 12.05.2014, approval of the Competent Authority is hereby conveyed to extend continuity of all reserved names as on 31st March, 2014 for another fifteen days period from the date of issue of this circular....

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