"19 November 2015" Archive

Edelweiss launches Security Trading app ‘EMT 3.0’

Notification No. 111/2015-Customs (N.T) 01/01/1970

To make trading easy and convenient for the ultramodern generation, Edelweiss launched their app ‘EMT 3.0’. Now you can invest in securities via this platform from anywhere and everywhere. The available features are easy to use and the user can obtain a market overview in a single glance. Not just this, the app constantly helps you st...

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Posted Under: Finance |

Clause 49 -Corporate Governance and Company Law Provisions

Corporate Governance is based on principles such as -Conducting the business with all integrity & fairness,- Being transparent with regard to all the transactions,- making all necessary disclosures,- Complying with applicable Law,- Accountability & responsibility towers the stakeholder. ...

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Posted Under: Finance |

Exchange Rate Notification No.112/2015-Customs (NT) Dated 19.11.2015

Notification No. 112/2015-Customs (N.T.) 19/11/2015

Notification No. 112/2015 - Customs (N.T.) CBEC hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 20th November, 2015, be the rate mentioned against it in the...

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Clarification on FDI Policy on Single Brand Retail Trading

Can the brand owner or non-resident entity/entities undertake single brand retail trading of the specific brand through more than one company in India?...

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Posted Under: Finance |

Swachh Bharat Cess – Ready Reckoner

Will SBC be leviable on exempted services and services in the negative list The Central Government vide notification No 22/2015-ST dated 6th November 2015, has notifiedthat SBC shall be applicable on all taxable services except services which are either fully exempt from service tax under any notification issued under section 93(1) of the...

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Posted Under: Finance | ,

Process of extension of re-warehousing period of Bonded capital goods – reg

F. No. DGEP/FTP/07/201/2000 to 2039 19/11/2015

STP units have brought to the notice of Board that the process of renewal/extension of the Private Bonded Warehouse License and the extension of warehousing period for the bonded capital goods are not co-terminous and are handled by different authorities, thereby creating difficulties for them....

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Whether Levy of SBC is challengeable? Yes, it seems to be

To finance and promote Swachh Bharat initiatives, an enabling provision was incorporated in the Finance Act, 2015 (hereinafter referred as the Act) vide Chapter VI to empower the Central Government to impose a Swachh Bharat Cess (hereinafter referred as SBC) on all or any of the taxable services at a rate of 2% on the […]...

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Posted Under: Finance |

RBI allows Regional Rural Banks to provide internet banking to customers

RBI/2015-16/242 DBR.RRB.BC.No. 59/31.01.001/2015-16 19/11/2015

Presently, Regional Rural Banks (RRBs) are not permitted to provide internet banking facilities to their customers. With a view to enhancing customer service and taking into account demand for such services, it has been decided to allow RRBs to extend the facility of internet banking to their customers. The guidelines applicable to all th...

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