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Archive: 12 August 2014

Posts in 12 August 2014

Download Finance(NO.2) Act, 2014 assented by President of India

August 12, 2014 17941 Views 0 comment Print

We are Enclosing herein below copy of  Finance(NO.2) Act, 2014 assented by Hon’ble President of India. Download Download Finance(NO.2) Act, 2014 assented by President of India Submitted by –Sumit Grover Read Other Articles from CA Sumit Grover

Provisions Related to Private Limited Companies under Companies Act, 2013

August 12, 2014 85285 Views 0 comment Print

The new Companies Act, 2013 can be hailed as a major forward looking reform of the UPA-II. The new Act has been divided into 29 Chapters comprising of 470 sections & 7 Schedules as against the existing Companies Act, 1956 comprising of 658 Sections & 15 Schedules. On one hand the new Act takes away some of the outdated procedures not relevant today such as the requirement to obtain a commencement of business certificate

A Brief synopsis on Export Oriented Units

August 12, 2014 10954 Views 0 comment Print

Brief Highlights about EOU An EOU is basically an Export Oriented units which can be set up in the declared ‘warehouse stations’ in India. There are almost 300 such warehouse stations. EOU units are very closely connected with Customs Law and Excise Law. Besides, Foreign Trade Policy deals with EOUs at larger extent. Further, Income […]

Independent Directors Repository under CA, 2013 Operationalized

August 12, 2014 4782 Views 0 comment Print

Companies Act 2013 has made the Position of Independent Director a very important & had cast upon it huge duty of governance. The Independent Director qualification & appointment has been clearly spelt out. One of the main features of the Act was the creation & maintainence of Independent Directors Repository.

Works Contract Service Notifications at Glance

August 12, 2014 20785 Views 0 comment Print

Pradeep Sharma Works Contract Service Notifications at Glance: S. No. Notification No. Particulars Effective from Effective Till Amended by Notification No.  1 12/2003 20/06/2003 This notification provide exemption from service tax on equal value of goods and material transferred to recipient (restriction from cenvat and duty credit paid on such goods) 01/07/2014 30/06/2012 35/2012  2 […]

To notify the rate of interest to be paid on refund of Pre-deposit made under Section – 129E of the Customs Act, 1962

August 12, 2014 5140 Views 0 comment Print

In exercise of powers conferred by section 129EE of the Customs Act, 1962 (52 of 1962), the Central Government hereby fixes the rate of interest at six percent per annum for the purpose of the said Section.

To notify rate of interest to be paid on refund of Pre-deposit made under Section – 35F of the Central Excise Act, 1944

August 12, 2014 6646 Views 0 comment Print

In exercise of powers conferred by section 35FF of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby fixes the rate of interest at six percent per annum for the purpose of the said Section.

Recent Amendments In Maharashtra VAT, PT & Luxury Tax

August 12, 2014 91160 Views 0 comment Print

PART 1: AMENDMENTS IN PROFESSION TAX New Rate schedule w.e.f. 01/07/2014 for employers paying salary Monthly Salary Rate Rs. 0 – 7,500 NIL Rs. 7,501-10,000 Rs.175 p.m. Above 10,000 Rs.200 p.m. (Rs.300 for Feb) Section 27(A)(e) substituted: Any person with Intellectual and Development Disabilities (mental retardation) specified in the rules, which is certified by a […]

Company Law Settlement Scheme (CLSS), 2014

August 12, 2014 22799 Views 0 comment Print

At the conclusion of the Scheme, the Registrar shall take necessary action under the Companies Act, 1956/ 2013 against the companies who have not availed this Scheme and are in default in filing these documents in a timely manne

`Prepaid Payment Instruments A Future Payment solution for all – In Indian Perspective

August 12, 2014 6897 Views 0 comment Print

Some time back we read in the headlines that individuals without bank account can soon withdraw money from ATMs. So we have a card without bank accounts?? Yes it is true in India. Now ATMs withdrawal without bank accounts.

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