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Archive: 19 January 2016

Posts in 19 January 2016

No Custom Duty on Goods required for medical, surgical, dental or veterinary use

January 19, 2016 644 Views 0 comment Print

Notification No. 5/2016-Customs Nil Standard rate of duty on Goods required for medical, surgical, dental or veterinary use with Chapter or heading or sub-heading or tariff item 9018 32 30, 9018 50 20, 9018 90 21, 9018 90 24, 9018 90 43, 9018 90 95, 9018 90 96, 9018 90 97, 9018 90 98, 9019 10 20, 9022 90 10 or 9022 90 30

Notification No. 4/2016-Customs, Dated: January 19, 2016

January 19, 2016 1225 Views 0 comment Print

NOTIFICATION NO. 4/2016-Customs Goods required for medical, surgical, dental or veterinary use 5%, Raw materials, parts or accessories for use in manufacture of goods falling under headings 9018, 9019, 9020, 9021 or 9022- 2.5%.

Role of Audit Committee in Related Party Transactions

January 19, 2016 35188 Views 0 comment Print

Under the Companies Act, 2013, the whole concept of related party transactions has been capsulated in a single section, namely Section 188 which combines the erstwhile Sections 314 and 297 of the Companies Act, 1956 and also contains many new provisions within its scope. The section is deeply layered with many set of provisions and leaves the mind perplexed with its scope and coverage.

Reporting of Fraud by Auditors under Companies Act 2013

January 19, 2016 122763 Views 1 comment Print

Under Section 143 of the Companies Act 2013, every auditor of a company shall have a right of access at all times to the books of account and vouchers of the company, whether kept at the registered office of the company or at any other place and shall be entitled to require from the officers of the company such information and explanation as he may consider necessary for the performance of his duties as auditor.

Scheme for Facilitating Start-Ups Intellectual Property Protection (SIPP)

January 19, 2016 2039 Views 0 comment Print

Introduction Intellectual Property Rights (IPRs) are emerging as a strategic business tool for any business organization to enhance industrial competitiveness. Start-Ups, with limited resources and manpower, can sustain in this highly competitive world only through continuous growth and development oriented innovations; for this, it is equally crucial that they protect their IPRs. The scheme for […]

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