"May, 2015" Archive - Page 10

'Trading Plans’ – Exemption provision under SEBI (Prohibition of Insider Trading) Regulations, 2015

S 12A (d) of the SEBI Act, 1992(`ACT’) prohibits insider trading securities in the securities market. S 15 G of the Act lays down penalty to be paid by a person who is engaged in insider trading. R 5 (1) of the SEBI ( Prohibition of Insider Trading ) Regulations,2015 (`REGULATIONS’) defines an ` Insider’ […]...

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Posted Under: SEBI |

CPE hours requirement for 2014-16

Continuing Professional Education (CPE) hours requirement for 2014-16 Kindly note the following requirements w.r.t. completion of CPE hours for the period 1st January 2014 to 31st December 2016. A. Members, less than 60 years of age, holding Certificate of Practice except the ones who are residing abroad need to: Complete at least 90 CPE ...

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Posted Under: SEBI |

Simplification of procedure to deal with audit objections raised by CAG-reg

Notification No. 48/2015-Customs (N.T.) (25/05/2015)

Central Board of Excise and Customs has issued circular no. 1023/11/2016-CX dated 08/04/2016 to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The circular rescinds all the past Circulars and instructions and prescribes a new simplified and consolidated procedure....

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Posted Under: SEBI |

Utility to know capital, currency, language & Country continent

Please find details of the countries w.r.t their capital, currency, language and the continent in which they are falling. This excel sheet has been developed using advanced excel feature which enables it to predict words as happens in case of google search or other advanced search engines. ...

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Posted Under: SEBI | ,

3 steps to becoming a Super Hero at Decision Making!

. Trust your inner voice (your guts) This might sound cliché and you might give me an Oh Come On! Expression, but I request you to pause for a second, delve into your past, and experience the decision making process you undertook. Was it pure logic? Was it based on data? Was it influenced by relationship or the rapport with the person? W...

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Posted Under: SEBI |

Reopening U/s 147 – `Incessant Trip to Litigation’

Section 147 is clothed with a predominant and potential ascendancy of reopening the assessments framed under the statutory charter of Income Tax Act, 1961 accompanied by getting the assessments already framed into the clutch of the Department by making specific dominant references to the expressions `assess’, `reassess’ or `recompute...

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Posted Under: SEBI |

Circular/Notification/Order Passed Under Companies Act- 2013

Circular/Notification/Order Passed Under Companies Act- 2013 Sr. NO. Date of Circular Title of Circular/Notification/Rule/Order Section / Rule Gist Of Circular CIRCULAR 1. June 10, 2014 Non Requirement of PAN by foreign director or subscriber – A Foreign National who shall be a subscriber/promoter, and does not possess PAN shall sub...

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Posted Under: SEBI |

Judgement of Bombay HC holding meal vouchers as ‘Goods’ & Implications

Recently the Hon’ble High Court of Bombay have pronounced an order which is a land mark judgment for Indian E-commerce Industry specifically and including Coupon / voucher sub-industry considering the vacuum of judicial pronouncements on this aspect. The matter relates to CWP No. 5653 of 2010 & 7503 of 2013 decided on 20th March, 20...

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Posted Under: SEBI |

Receipts on account of identification & core site selection from available 2D & 3D seismic data shall be taxed U/s. 44BB

ADIT Vs TDI Brooks Intl. Inc. (ITAT Delhi)

The assessee received revenue on account of the contract entered into with ONGC for providing services of seismic survey to the data correction supervision for the purpose of hydrocarbon reservoir exploitation, possible leak point identification and core site selection from available 2D and 3D seismic data, core acquisition with USBL Syst...

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Salient Features Of Black Money Bill

My Earlier article regarding this issue was Ways to Convert Black Money to White, which was basically to throw light on the wrong means adopted by people and it was not meant to encourage taxpayers to follow such methods but which was misunderstood by many. I trust that a tax planning should be done in such a way that it can stand the tes...

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Posted Under: SEBI |