"January, 2015" Archive - Page 7

SEBI issues Exit Order In Respect of Gauhati Stock Exchange (GSE)

Press Release No. 21/2015 (27/01/2015)

SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised/non-operational exchanges and a facility of Dissemination Board for companies listed exclus...

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Rate of exchange of conversion of Danish Kroner & Euro with effect from 28.01.2015

Notification No. 13/2015-Customs (N.T.) (27/01/2015)

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance ...

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Depreciation under Companies Act, 2013 – A Practical Approach

Reference sections: 123(2) and Schedule II Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life unlike Schedule XIV of the Companies Act, 1956 which specifies minimum rates of depreciation to be provided by a company. Normally, prescribed companies who have to follow the accounting standard prescribe...

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Posted Under: SEBI |

Section 14A of Income Tax Act, 1961 – Controversial Provision

Section 14A was enacted vide Finance Act, 2001 w.r.e.f. 1-4-1962, so that net taxable income is actually taxed and no deduction is allowed against taxable income for expenditure incurred in earning exempt income. It was enacted to overcome the Supreme Court decision in the case of Rajasthan State Warehousing Corporation v. CIT [2000] 242 ...

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Posted Under: SEBI | ,

Download 8 Free e-books on Service Tax

Download Free e-book/ Background Material on Service tax on 1. Works Contract 2. Insurance Sector 3. Transportation Sector 4. Job Work Sector 5. Construction 6 .Telecommunication Sector 7. Entertainment Sector and 8. Technical Guides on CENVAT Credit Rules...

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Posted Under: SEBI | , ,

ICAI forms group to take action against erring Members in CAG Report

Pursuant to C&AG’s Report `Performance Audit on Appreciation of Third Party (Chartered Accountants) - Reporting in Assessment Proceedings’ for the year ended March, 2014, the President, in terms of the authority given to him by the Council at its 331st meeting held in February, 2014, has constituted a Group comprising of the following...

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Posted Under: SEBI |

Enjoy the “Tax Parade” On Republic Day…

Krishna, on 26th January, India celebrates its Republic Day. On this Republic Day the President of the United States of America Mr. Barack Obama will be the guest of honour. On this day India’s unity and strength is demonstrated by the Army, Navy and Air Force in the grand Parade along with the exhibition of various diverse states of I...

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Posted Under: SEBI | ,

New Loans -Commencement of Business Certificate Mandatory

Certificate of commencement is like filing a declaration that we have deposited out initial capital into the bank account of the company and we are now ready to start our business. The declaration should be in form INC 21 which is for Declaration prior to the commencement of business or exercising borrowing powers....

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Posted Under: SEBI | ,

Intimation of DIN by Directors & eForm DIR-3C

eForm DIR-3C is required to be filed pursuant to Section 157 of the Companies Act, 2013 & Rule 10A(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014 which are reproduced for your reference....

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Posted Under: SEBI |

ICAI doubles stipend of CA students / Article Assistants

(i) Cities/towns having a population of twenty lakhs and above.Rs. 2000/-,Rs. 2500/-, Rs. 3000/- (ii) Cities/towns having a population of four lakhs and above but less than twenty lakhs. Rs. 1500/- Rs. 2000/- Rs. 2500/- (iii) Cities/towns having a population of less than four lakhs. Rs. 1000/- Rs. 1500...

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