"11 September 2014" Archive

SEBI : Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 – Increasing the investment bucket for anchor investor and regulations concerning preferential issue norms

CIR/CFD/POLICYCELL/6/2014 (11/09/2014)

The revised sub-regulation (3) of regulation 43 on anchor investor allocation, shall be applicable to issuers filing offer documents with the Registrar of Companies on or after the date of notification of SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014...

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GST – Amma wants Independent compensation mechanism for revenue losses suffered by States

Press Release. No. 461 (11/09/2014)

May I also reiterate my views that, before the enactment of the Constitutional Amendment Bill on GST is taken up, the Government of India should strive for a broad consensus on the important issues relating to GST like compensation period and methodology, revenue neutral rates, floor rates with bands, commodities to be excluded from GST, ...

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One TDS challan for Payment Under Diffrent sections & Years

Advisory to deductors making TDS payment through multiple challans in a month For Deductor’s convenience, CPC(TDS) has established processing logic in the system that can accept a Single Challan for reporting of Tax Deposited in following circumstances : 1. Payment of Tax Deducted under different sections of the Income Tax Act, 1961...

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Posted Under: SEBI |

Use of single TDS challan for all purposes-Analysis

PC (TDS) Website has made a communication dated 10th Sept’ 2014 in which it has issued advisory for deductors using multiple challans in a month, for payment of Tax Deducted. In this advisory it has discussed the following three key areas- Payment of Tax Deducted under different sections of the Income Tax Act, 1961 Payment of...

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Posted Under: SEBI | ,

ICAI releases Guidance Note on tax Audit – Edition 2014

Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 Apex Body of Chartered Accountants in India i.e. Institute of Chartered Accountants of India (ICAI) has Finally released Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 on its website http://icai.org/ ....

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Posted Under: SEBI |

Criteria for Deceleration of Rank for CPT, IPC & CA Final Exams

Declaration of a candidate of Common Proficiency Test (CPT), Intermediate (IPC) and Final examinations conducted by the Institute of Chartered Accountants of India (ICAI), as a rank holder. – (10-09-2014) 9th September, 2014 ICAI recognizes meritorious candidates in CPT, by ranking them on the basis of the aggregate marks obtained b...

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Posted Under: SEBI |

Procedure for Transmission of Shares under Companies Act, 2013

CS Ankur Garg In my previous article I shared the procedure for Transfer of Shares under Companies Act, 2013. Now it is time to discuss Procedure for Transmission of Shares under Companies Act, 2013. Through this write up we shall discuss the meaning of Transmission of Shares and procedure to execute Transmission. The word ‘transmis...

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Posted Under: SEBI | ,

Career Journey of CA Made Easy

Career Guidance for Chartered Accountants and CA Students At this age and with the little experience of 8.5 years in dealing with business world, I don’t think I may be the right person with required knowledge and standing to give guidance to Chartered Accountants about career, however I felt the dire need to share what […]...

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Posted Under: SEBI |

Beware: Every Year Start-Ups Lose More Than US $3 Billion!

CA Paras Mehra Raghav Raj Raman, IT software engineer, with his friend started a business of providing designer, developer consultancies to various clients in India and abroad. They are skillful enough but still they are not able to earn much. Therefore, they decided to add a new partner to their business. They all agreed on […]...

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Posted Under: SEBI |

Date of refund filed even though with wrong authority, has to be treated as relevant date

The Hon’ble CESTAT relied on the case of CCE Ahmedabad Vs. AIA Engineering Ltd. [2009 (248) ELT 826 (Tri.-Ahmd.)] upheld by the Hon’ble High Court of Gujarat inCCE Vs. AIA Engineering Ltd. [2011 (21) STR 367 (Guj.)] wherein it was held that the refund filed with the Department, though with the wrong authority has to be treated as havi...

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Posted Under: SEBI |

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