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Archive: 22 January 2016

Posts in 22 January 2016

Revised Guidelines For Mandatory Training of Members of Institute of Cost Accountants of India

January 22, 2016 895 Views 0 comment Print

The Institute of Cost Accountants of India was set up under the Cost and Works Accountants Act, 1959, as amended to educate, impart training and develop the profession of Cost Accountancy. In the current changing dynamic economic scenario it is essential for Cost Accountants in practice and in employment to continuously update and equip themselves with the new skills and concepts to meet the challenges and render efficient service to trade, commerce, industry and the society at large. A profession cannot maintain the cutting edge unless its members regularly update their knowledge.

Companies (Incorporation) Amendment Rules, 2016

January 22, 2016 5160 Views 0 comment Print

As per Companies incorporation Rules following names which were earlier not allowed to be applied or considered undesired for incorporation of Companies under Companies Act, 2013 are now allowed to be applied vide relaxation given vide Notification No. G.S.R. (E).- dated 22.01.2016.

MCA notifies Central Registration Centre to process name approval applications

January 22, 2016 65496 Views 7 comments Print

S.O. 218 (E)Central Government hereby establishes a Central Registration Centre (CRC) having territorial jurisdiction all over India, for discharging or carrying out the function of processing and disposal of applications for reservation of names under the provisions of the said Act.

SEBI Clarification on voluntary adaptation of Aadhaar based e-KYC process

January 22, 2016 1547 Views 0 comment Print

CIRCULAR No. CIR/MIRSD/29/2016 The Hon’ble Supreme Court, in Writ Petition (Civil) No. 494 of 2012 in the matter of Justice K.S.Puttaswamy (Retd.) & Another vs Union of India & Others, vide order dated August 11, 2015 and October 15, 2015 directed that the usage of the Aadhaar card as issued by the Unique Identification Authority of India (UIDAI) is voluntary.

Procedure to deal with pending applications for issuance of Duty Free Import Authorisation(s) and their transferability

January 22, 2016 463 Views 0 comment Print

Public Notice No. 56/2015-2020 Several references have been received in this Directorate from Trade and Industry and Regional Authorities of DGFT regarding the manner of processing pending applications where DFIAs are yet to be issued and the manner of processing applications for transferability where DFIAs have already been issued.

Undisclosed Investment Is Not Actually Undisclosed

January 22, 2016 2761 Views 1 comment Print

Below is a simple ten step process by which you can have access to most of the financial and secretarial information of any active corporate, which follows good corporate governance norms. The key is that the corporate should file the compliance documents within the stipulated time as per provisions of the Companies Act and hence the e form becomes a Public document which can be accessed.

Clash of titans, sec 192 Vs sec 206AA

January 22, 2016 6994 Views 2 comments Print

Rashtriya Ispat Nigam Ltd. v. Addl CIT (TDS), ITAT Visakhapatnam) Even if there is no PAN, if the deductor has deducted TDS as per provisions of sec 192, Section 206AA does not over-ride section 192 in terms of the requirement of “at the rates specified in the relevant provisions of the Act.

Regarding grant of Presidential Award of Appreciation Certificate to officers of Customs & Central Excise on the eve of Republic Day, 2016

January 22, 2016 647 Views 0 comment Print

NOTIFICATION NO. 15/2016 (N.T) The President is pleased to award an Appreciation Certificate for Specially distinguished record of service” – to each of the under-mentioned officers of Customs & Central Excise Department on the occasion of Republic Day, 2016:-

Amendment to SEBI Circular CIR/MRD/DSA/33/2012 dated December 13, 2012 pursuant to amendment in Regulation 2(1)(b) of SECC Regulations, 2012

January 22, 2016 581 Views 0 comment Print

Pursuant to the approval of SEBI Board in its meeting held on November 30, 2015, SEBI has notified the amendments to the definition of associate as contained in Regulation 2(1)(b) of SECC Regulations.

Notification No. 03/2016-Central Excise Dated-22nd January, 2016

January 22, 2016 592 Views 0 comment Print

Notification No. 03/2016-Central Excise Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notifications of the Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the Table below, in the manner and to the extent specified in the corresponding entry in column (3) of the said Table, namely:-

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