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Archive: March, 2015

Posts in March, 2015

Bank accepting tax payments to remain open on 30th & 31st March 2015

March 25, 2015 3255 Views 0 comment Print

Banks shall keep the counters of their branches conducting government business open for full day on March 30, 2015, and till 8.00 p.m. on March 31, 2015. All electronic transactions would, however, continue till midnight of March 31, 2015. Banks may give adequate publicity to the special arrangements made.

Rate of exchange of conversion of each of foreign currency WEF 26.03.2015

March 25, 2015 2550 Views 0 comment Print

Notification No. 33/2015 – Customs (N.T.) Dated the 25th March, 2015 S.O…. (E). – In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby

Prohibition of Insider Trading Regulation- You can be Guilty!!

March 25, 2015 1742 Views 0 comment Print

SEBI re-writes it’s more than two decades old Insider Trading Regulation and announced the new Prohibition of Insider Trading Regulation 2015 on 15th January, 2015 which is to come in force on 120th day of its publication i.e., from 15th May, 2015 with many major changes in it.

Income Tax – Central Action Plan for April, 2015 to June, 2015

March 24, 2015 1479 Views 0 comment Print

I am directed to forward herewith the Central Action Plan for the First Quarter i.e. (April 2015 to June, 2015) of the FY 2015-16. You are requested to circulate the same amongst all the officers in your region for necessary action.

Appointment of RoCs as adjudicating officers with jurisdiction and their appellate authorities u/s 454 of CA 2013

March 24, 2015 9814 Views 0 comment Print

In exercise of the powers conferred by section 454 of the Companies Act, 2013 (18 of 2013) read with the Companies (Adjudication of Penalties) Rules, 2014, the Central Government hereby appoints following Registrars of Companies as adjudicating officers for the purposes of this Act in respect of jurisdictions indicated against each Registrar.

Provisions related to Auditor under Companies Act,2013

March 24, 2015 7491 Views 1 comment Print

A. Duties and Liabilities of an Auditor: An auditor is ‘watch dog’ not a ‘blood hound’. Like a dog should bark and chase when something found wrong. Same like that duty of auditor is to verification and detection, but he must go deep if suspicion arises.

Analysis of SEBI Board meeting held on 22.03.2015

March 24, 2015 1241 Views 0 comment Print

SEBI has approved SEBI (International Financial Services Centres) Guidelines, 2015. ♥ As per this guidelines, Indian as well as foreign stock exchanges, clearing corporations and depositories are permitted to set up subsidiaries to undertake the same business in IFSC subject to certain relaxed norms on shareholding and net worth, etc

List of Implementation Agencies for Corporate Social Responsibility (CSR)

March 24, 2015 44775 Views 10 comments Print

The Companies Act 2013 makes it mandatory for corporate houses to spend 2% profit on CSR activities. The government has prepared a list of sanitized Non-Governmental Organisations (NGOs), free of any terrorist links or unwanted funding, that can undertake Corporate Social Responsibility (CSR) activities.

E-voting rules change – A new mess a new day !

March 24, 2015 3924 Views 0 comment Print

CS Nidhi Bothra, CS Vinita Nair Metamorphosis of Company law rules that went bad, changed a caterpillar into an ugly frog. Under the erstwhile (read outdated) system of holding general meetings where the resolutions were put to vote by way of show of hands or a poll could be demanded. Since only such members who […]

SEBI : Establishment of connectivity with both Depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

March 24, 2015 781 Views 0 comment Print

SEBI has been issuing circulars regularly giving the list of companies which have established connectivity with both the Depositories and have become eligible for shifting from TFTS to Normal Rolling Settlement.

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