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Archive: 02 May 2016

Posts in 02 May 2016

Anti-dumping duty on imports of Measuring Tapes

May 2, 2016 1582 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on imports of Measuring Tapes originating in, or exported from Chinese Taipei, Malaysia, Thailand and Vietnam for a period of five years GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 16/2016-Customs (ADD) New Delhi, the dated 2nd May, 2016 G.S.R. (E). – Whereas, in the matter […]

New Format for reporting of proposed acquisition details to stock exchanges

May 2, 2016 976 Views 0 comment Print

While filing the reports, the acquirers are required to report compliance under Chapter V of the regulations. However, there is no specific time period mentioned in the formats for reporting of such compliance. In order to bring it in line with the requirement under regulation 10(1)(a), it is necessary that the compliance should be reported for a period of 3 years. Accordingly, the aforesaid formats have been modified to this extent and are given in the Annexure to this circular.

Common mistakes by Companies while buying Marine Insurance

May 2, 2016 3562 Views 0 comment Print

Marine contracts are highly customizable and can easily be tailored to an individual’s specific marine situation with optional add-ons to cover damage caused during towing (both on and off-water), and so on. Basic policies cover any accidental damage that may occur as a result of a collision, sinking or vandalism. The contracts can be generally classified into 2 types:

Gain on sale of unlisted share to be considered as Capital Gain

May 2, 2016 6829 Views 1 comment Print

For determining the tax-treatment of income arising from transfer of unlisted shares for which no formal market exists for trading, a need has been felt to have a consistent view in assessments pertaining to such income. It has, accordingly, been decided that the income arising from transfer of unlisted shares would be considered under the head ‘Capital Gain’, irrespective of period of holding

Govt. Constitutes Investor Education and Protection Fund Authority

May 2, 2016 1348 Views 0 comment Print

In exercise of the powers conferred by sub-sections (5) and (6) of section 125 of the Companies Act, 2013 read with rules 5 and 7 of the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding meetings and provision for offices and officers) Rules, 2016 (herein after referred to as the said rules), the Central Government hereby constitutes the Investor Education and Protection Fund Authority consisting of following persons, namely:-

Govt establish one more Debts Recovery Tribunal at Ernakulam

May 2, 2016 2455 Views 0 comment Print

Central Government hereby establishes one more Debts Recovery Tribunal at Ernakulam in the State of Kerala with effect from the 9th day of May, 2016 and consequent thereupon, the existing Debts Recovery Tribunal will be known as Debts Recovery Tribunal-1, Ernakulam and the newly established Debts Recovery Tribunal will be known as Debts Recovery Tribunal-2

Mandatory GPS, Alert Button & CCTV in transport vehicles

May 2, 2016 4672 Views 0 comment Print

Provision of Vehicle Location Tracking Device, Alert Button and CCTV.- (1) All motor vehicles used as transport vehicles, as defined under the Motor Vehicles Act, 1988 (59 of 1988) shall be equipped with or fitted with vehicle location tracking device, CCTV based surveillance system, and one or more emergency buttons as per the Table below:

FEM (Manner of Receipt and Payment) Regulations, 2016

May 2, 2016 10174 Views 0 comment Print

Every receipt in foreign exchange by an authorized dealer, whether by way of remittance from a foreign country or by way of reimbursement from his branch or correspondent outside India against payment for export from India, or against any other payment, shall be as mentioned below:

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