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Archive: 15 May 2015

Posts in 15 May 2015

Sustained Increase in Revenues, A Key to Successful Fiscal Consolidation At States Level –

May 15, 2015 294 Views 0 comment Print

Today, the Reserve Bank of India (RBI) released the report titled ‘State Finances: A Study of Budgets of 2014-15’, an annual publication that provides data, analysis and an assessment of the finances of state governments.

Notification No. 28/2015 – Central Excise Dated 15th May, 2015

May 15, 2015 2349 Views 1 comment Print

Notification No. 28/2015-Central Excise Amendment in Notification No. 22/2003 and 23/2003- Central Excise, dated the 31st March, 2003. Central Government, on being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India, Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely:-

Notification No. 33/2015–Customs Dated- 8th May, 2015

May 15, 2015 1761 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the

Notification No. 45/2015-Customs (N.T.) Dated-15th May, 2015

May 15, 2015 1407 Views 0 comment Print

Notification No. 45/2015 – Customs (N. T.) Dated-15th May, 2015 S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India

SC upholds constitutional validity of NCLT

May 15, 2015 6299 Views 0 comment Print

MADRAS BAR ASSOCIATION Vs. UNION OF INDIA & ANR. (Supreme Court) The petitioner felt aggrieved by that part of the judgment vide which establishments of NCLT and NCLAT was held to be Constitutional.

Black Money Bill Passed by Rajya Sabha

May 15, 2015 6637 Views 0 comment Print

CA Sahil Garg The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 is passed in Lok Sabha on 11th of May 2015 and in Rajya Sabha on 13th May 2015. It states that Undisclosed Foreign Income and Assets shall be taxed separately under this Act and therefore, such income shall […]

Four Quadrant Rules for effective management of time

May 15, 2015 1784 Views 0 comment Print

Be just like a child who looks the world as it as. He has no filters in his mind. He has a keen desire to learn new things. As he grows up and wants to take some initiatives, society comes in front of him and gives the examples of many people who failed in their […]

Change of Name of a Company and related Law

May 15, 2015 26883 Views 2 comments Print

What’s in the name is not a very popular saying these days. When talking about a business concern particularly a Company, name is its identity and selecting a right name for your business is really important. The name may be such which reflects the business activity or it might be something simple and easy.

Passing of Resolution by Circulation Under Companies Act,2013

May 15, 2015 12674 Views 0 comment Print

It is not feasible to call Board Meeting when approval of Directors is required on urgent basis. In such cases, resolution is approved by circulation as envisaged under section 175 of the Companies Act, 2013.

Secretarial Standard 1-Meetings of Board of Directors

May 15, 2015 3478 Views 0 comment Print

Decisions of a Company are taken by its Board of Directors at their meetings. The Companies Act, 2013 (hereinafter referred to as Act) has put in place provisions to call, convene, conduct and regulate these meetings but the law had also mandated that every Company should observe Secretarial Standards.

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