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Archive: April, 2016

Posts in April, 2016

Name Approval Guidelines For Companies Under Companies Act, 2013

April 29, 2016 119632 Views 9 comments Print

In old Companies Act, 1956 Ministry had issued name availability guidelines by way of (Companies (Name Availability) Rules, updated in 2011). In the new Companies Act, 2013 name availability guidelines for Company are given under Rule 8 of the Companies (Incorporation) Rules, 2014. Given below are precautions that must be kept in mind while applying […]

In order to maintain a writ petition questioning appointment of a person, the writ petitioner must be a person qualified for the post/non-appointee.

April 29, 2016 2340 Views 0 comment Print

Invoking the extra-ordinary jurisdiction of this Court under Article 226 of the Constitution of India, the petitioner herein calls in question the order Annexure P-1 dated 2-12-2014 whereby and whereunder, respondent No. 4 – Hon’ble Chancellor of Hidayatullah National Law University, Raipur (for short ‘the HNLU’) in exercise of his power conferred under Section 8(2) of the Hidayatullah National University of Law, Chhattisgarh, Act, 2003 read with Statute 19 of the Statutes contained in the Schedule to the said Act and in view of the amendment to the Statute of the University published on 25-11-2014, extended the tenure of respondent No. 5 – Prof. (Dr.) Sukh Pal Singh as Vice Chancellor of the University for a further period of five years or until he attains the age of seventy years, whichever is earlier.

TDS on Commission paid to non-resident for services rendered outside India?

April 29, 2016 46354 Views 2 comments Print

In the instant case, it is seen, admittedly that the nonresident agents were only procuring orders abroad and following up payments with buyers. No other services are rendered other than the above. Sourcing orders abroad, for which payments have been made directly to the non-residents abroad, does not involve any technical knowledge or assistance in technical operations or other support in respect of any other technical matters.

Your Dream Home is just a Click Away

April 29, 2016 4315 Views 6 comments Print

Success has always been at your side and your passions have driven you to grow your business and look to new horizons. Live life to the fullest and build the dream home that you have always wanted. This video by Aditya Birla Finance home loan will make you re-envision yourself and set your sites on […]

MVAT: Govt notifies Form 402A, 404A, 424A, 703, 703A,703B, 703C, 703D, 703E

April 29, 2016 7729 Views 0 comment Print

These rules may be called the Maharashtra Value Added Tax (Third Amendment) Rules, 2016. (i) where the registration is to be cancelled under sub-clause (a) of the second proviso, the date of effect of the certificate of registration issued; (ii) where the registration is to be cancelled under the sub-clause (b) of the second proviso, the date of effect shall be the date, as the Commissioner may deem fit after making such inquiry.

Formats under Regulation 7(3) & 40(9) of SEBI Listing Regulations

April 29, 2016 6913 Views 0 comment Print

Institute of Company Secretaries of India Suggested format(s) for Certificates under SEBI Listing Regulations Attention Members! Sub. : Suggested format(s) under Regulation 7(3) and Regulation 40(9) of SEBI Listing Regulations, 2015 The Institute has developed the following formats under Regulation 40(9) and Regulation 7(3) of SEBI Listing Regulations 2015 in consultation with the Stock Exchanges […]

CBI arrests ITO & two persons in alleged bribery case

April 29, 2016 2362 Views 0 comment Print

A case was registered U/s 120-B of IPC and Section 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988 against Income Tax Officer (TDS), Ward No.1, Income Tax Department, Belagavi (Karnataka) on the allegations that he had demanded Rs.Four lakh from the complainant as a motive or reward for dropping the prosecution proceedings initiated by the Income Tax Department U/s 276-B of IT Act.

Govt. notifies limit on Sugar Stock for dealers

April 29, 2016 1939 Views 0 comment Print

Central Government hereby directs that no dealer of sugar shall hold any stock for a period exceeding thirty days from the date of receipt by him of such stock and shall not keep sugar in stock at any time, in the places mentioned below, in excess of the quantities mentioned against each—

Exemption to sizing & warping of yarn-Notfn u/s 8(3D) of MVAT Act

April 29, 2016 2146 Views 0 comment Print

Government of Maharashtra hereby exempts fully from payment of tax with effect from the 1st April 2016, the transfer of property in goods, involved in the sizing and warping of yarn, subject to the following conditions and restrictions :—

No rollback of excise duty on Articles of Jewellery : FM

April 29, 2016 2854 Views 0 comment Print

FM Said in RS that excise duty on Articles of Jewellery will be enforced upon the traders having turnover of 12 crores and 6 crores of rupees and not on lower category of traders. We can decide the items which can be taxed. It is not possible to recall the tax due to some organised agitation.

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