Follow Us :

Archive: 15 January 2016

Posts in 15 January 2016

Maharashtra VAT- Norwegia and Turkey-Notfn u/s 41(1)

January 15, 2016 1711 Views 0 comment Print

Security equipment, office equipment, electronic and electrical devices, food and non-alcoholic beverages, cleaning supplies, household and gardening equipment, medical equipment (excluding medication), construction materials, printed matter, spare parts for official cars and clothing.

Steps for Curbing Volatility in Commodities Derivatives Markets

January 15, 2016 1229 Views 0 comment Print

With a view to curb the speculative participation and consequent volatility in prices of agricultural commodities, SEBI has reviewed the existing norms related to commodity derivatives markets and has decided to make following regulatory changes in the case of trading of agricultural commodities :-

Punishment for fraudulently inducing persons to invest money

January 15, 2016 6109 Views 0 comment Print

1. In how many cases the SARFAESI Act has been invoked against big companies in India? 2. Now, RBI deputy Governor has stated on 17th November, 2013 that in the last 13 years, banks have written off 1 lakh crore and 95% of these are large loans. How can this happen with SARFAESI in place?

Features of Sovereign Gold Bonds Scheme 2016

January 15, 2016 1532 Views 0 comment Print

The Government of India, in consultation with the Reserve Bank of India, has decided to issue second tranche of Sovereign Gold Bonds. Applications for the bonds will be accepted from January 18, 2016 to January 22, 2016. The Bonds will be issued on February 8, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices. The borrowing through issuance of the Bond will form part of market borrowing programme of the Government of India.

Increase in Excise Duty on petrol by 75 paise & on diesel by Rs. 2 Per Litre

January 15, 2016 1391 Views 0 comment Print

Notification No. 2/2016-Central Excise prescribes the Basic Excise Duty (BED), with effect from 02.01.2016, on the following products at the rates indicated below: (i) Unbranded petrol from Rs. 7.73 per litre to Rs. 8.48 per litre; (ii) Branded petrol from Rs. 8.91 per litre to Rs. 9.66 per litre; (iii) Unbranded diesel from Rs.7.83 per litre to Rs. 9.83 per litre; and (iv) Branded diesel from Rs. 12.19 per litre to Rs. 10.19 per litre.

SEBI Revises Position Limits for Currency Derivatives Contracts

January 15, 2016 1617 Views 0 comment Print

With a view to maintain orderly conditions in the domestic foreign exchange market and based on the recommendation from RBI, it has been decided to enhance the gross open position limits for bank stock brokers as authorized by RBI.

HUF or its Karta cannot become partner or designated partner in LLP

January 15, 2016 9247 Views 0 comment Print

General Circular No. 2/2016 Reference is invited to General Circular No. 13/2013 wherein, in paragraph 2, it has been clarified that ‘as per section 5 of LLP Act, 2008 only an individual or body corporate may be a partner in a Limited Liability Partnership. A HUF cannot be treated as a body corporate for the purposes of LLP Act, 2008. Therefore, a HUF or its Karta cannot become partner or designated partner in LLP’.

Reduction in Daily Price Limits & Near month Position Limits for Agricultural Commodity Derivatives and Suspension of Forward Segment

January 15, 2016 1373 Views 0 comment Print

CIRCULAR No. CIR/CDMRD/DMP/2/2016 With a view to curb the speculative participation and consequent volatility in prices of agricultural commodities derivatives, the following have been decided: a. Reduction in Daily Price Limits (DPL): i. DPL for agricultural commodity derivatives contracts shall be revised as given below:

Search Post by Date
June 2024