"17 April 2016" Archive - Page 2

Clarity under Section 185 of Companies Act 2013

According to Section 185 (1), No Company shall directly or indirectly advance any loan, including the loan represented by the book debt, or any other person in whom the director is interested or provide any guarantee or securities in connection with the loan taken by him or any such person....

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Posted Under: Income Tax |

FAQS on Issuance of Rupee denominated bonds overseas

1. Who can issue? Any corporate (entity registered as a company under the Companies Act, 1956/ 2013) or body corporate (entity specially created out of a specific act of the Parliament) is eligible to issue Rupee denominated bonds overseas. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) coming under th...

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Posted Under: Income Tax |

Gold Monetisation Scheme, 2015 – FAQs

Query: Can a customer get back his jewellery if the purity determined by the CPTC is not acceptable to him/her and he/she does not want to invest in the GMS? Response: The jewellery will be melted by the CPTC to conduct the fire assay and the customer can get back gold only in post-melted form. ...

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Posted Under: Income Tax |

Revised Thresholds for combinations- Competition Act, 2002

REVISED THRESHOLDS On March 4, 2016, the Central Government issued notifications pertaining to the statutory thresholds for the purposes of “combinations” under Section 5 of the Competition Act, 2002 (Act). 1. Increase in thresholds: Pursuant to Notification No. S.O. 675(E) dated March 4, 2016, the value of assets and the valu...

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Posted Under: Income Tax |