"February, 2016" Archive - Page 30

Revision in sector/group exposure limit in debt-based MF schemes

Circular No. SEBI/HO/IMD/DF2/CIR/P/201 6/35 (15/02/2016)

These amendments relate to restrictions on investments in debt instruments issued by a single issuer wherein the limit is reduced to 10% of NAV which may be extended to 12% of NAV with the prior approval of the Board of Trustees and the Board of Asset Management Company....

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Extend date for CAG empanelment of Chartered Accountant firms

The empanelment process of Chartered Accountant firms (firm) and Limited Liability Partnership firm (LLP) for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2016-17. The desired firms were allowed to fill the online forms till 15th February 2016....

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Posted Under: SEBI |

Procedure: Change in Object Clause as per Companies Act’ 2013

This article describes the procedure for change in the Object Clause of the Memorandum of the company. First we should know how many clauses are there in the memorandum of any Company registered in India....

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Posted Under: SEBI | ,

Precautions in movement of goods under Delhi VAT

Before the article goes into its technicalities it is worth to remind you about the budget of Delhi Govt. presented by Deputy CM Mr. Sisodia and the budgeted receipts for FY 2015-16 were Rs. 41500 Cr. out which Rs. 24000 Cr. was from VAT and as per reports till first week of January 2016 the Govt. has collected Rs. 14720 Cr. meaning hereb...

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Posted Under: SEBI |

Export of Roasted Gram in consumer packs upto 1 Kg permitted

Notification No. 40/2015-2020-DGFT (15/02/2016)

Notification No 40/2015-20 The prohibition on export of pulses till further orders as notified vide Notification No 78(RE-2013)/2009-14 dated 31.03.2014 read with SI. No. 54 in Chapter 7 of Schedule 2 of ITC(HS) Classification of Export & Import Items, as amended from time to time, will not apply to export of Roasted Gram (whole/split) i...

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One Website for Online payment of all all Non-Tax Receipts

Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to citizens/corporates/other users for making online payment of Non-Tax Receipts to Government of India;...

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Posted Under: SEBI |

Notification No. 25/2016-Customs (N.T.) Dated: 15/02/2016

Notification No. 25/2016-Customs (N.T.) (15/02/2016)

Notification No. 25/2016-Customs (N.T.) Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in...

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Union Budget 2016: Great Expectations

Come February and comes in the mind of every tax professional and every Indian citizen the ‘great expectations’ from the Annual Union Budget. But the question is whether these expectations would see the light of the day or would submerge in the darkness of gloom (or would become an NPE......a non performing expectation!)...

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Posted Under: SEBI |

Procedure for Suo Moto Closure of LLP

In case the Limited Liability Partnership (LLP) wants to close down its business or where it is not carrying on any business operations for the period of one year or more, , it can make an application to the Registrar of Companies for declaring the company as defunct and removing the name of the LLP from […]...

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Fraud Reporting Under Companies Act, 2013

[1]Financial fraud is a phenomenon that haunts everyone alike. Not only does it mean loss of an asset for the one who has been at the receiving end of a fraud, it has the capability of shaking the roots of “confidence” and “trust” that anchor a society and/or an economy. Governments and other policy makers […]...

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