"10 June 2016" Archive

FAQs on KYC norms for ODI subscribers, transferability of ODIs

SEBI circular CIR/IMD/FPI&C/59/2016 (10/06/2016)

It is hereby clarified that Where no material shareholder/owner entity is identified in the ODI subscriber using the materiality threshold (referred at 2.1 of SEBI circular dated June 10, 2016), the identity and address proof of the relevant natural person who holds the position of senior managing official of the ODI subscriber entity sho...

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Posted Under: SEBI |

I&B Ministry frames New Print Media Advertisement policy

Press Information Bureau Government of India Ministry of Information & Broadcasting 10-June-2016 11:34 IST I&B Ministry frames New Print Media Advertisement policy Policy to focus on Transparency & Equity in release of Government ads Ministry of Information & Broadcasting has framed a New Print Media Advertisement Policy f...

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Posted Under: SEBI |

Procedure for Gold/silver/platinum import by Nominated Agencies

Circular No. 27/2016-Customs (10/06/2016)

By circular 28/2009 – Cus dated 14.10.2009 the Board had in order to avoid divergent practices and to streamline supply of precious metal for exports, laid down a procedure for duty free import of gold/silver/platinum by nominated agencies for supply to exporters...

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KYC norms for ODI subscribers, transferability of ODIs

Circular No. CIR/IMD/FPI&C/59/2016 (10/06/2016)

The systems and procedures adopted by the ODI Issuers to comply withsuch conditions, vary from one ODI Issuer to another. In order to bring about uniformity and increasethe transparency in this regard, SEBI had held discussions with the stakeholders. Taking into consideration the inputs received during the discussion process...

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Air pollution to cause 6-9 million premature deaths & cost 1% GDP by 2060

Air pollution to cause 6-9 million premature deaths and cost 1% GDP by 2060 9/6/2016 – Outdoor air pollution could cause 6 to 9 million premature deaths a year by 2060 and cost 1% of global GDP – around USD 2.6 trillion annually – as a result of sick days, medical bills and reduced agricultural […]...

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Posted Under: SEBI |

Tackling policy fragmentation is key to productivity growth

If we want to get onto a path of stronger and more sustainable growth, we need better coordinated policies that put the pieces of our fragmented world back together in a more harmonious way,...

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Posted Under: SEBI |

European economy is recovering but legacies of crisis remains

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports....

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Posted Under: SEBI |

Govt. wants you to buy a house- know non income tax incentives

In continuation to my earlier article on the income tax benefits extended for owning a house, here is the article which explains various other incentives provided for owning/constructing residential house. Let us discuss the various non income tax incentives/facilities provided for owning a residential house as well as tax benefits pr...

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Posted Under: SEBI | ,

LLP: Amendment in Forms 2 Form-3, Form-4 & Form-11

Notification No. G.S.R. 593(E) (10/06/2016)

Limited Liability Partnership (Second Amendment) Rules 2016- -ln exercise of the powers conferred by sub-sections (l) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 namely:-...

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Delhi VAT: Reward/Appreciation scheme for dealers

Order No. F.3(632 )/Policy/VAT/2015/PF/363-69 (10/06/2016)

Value Added Tax is one of the major sources of revenue for Government of NCT of Delhi which is an indirect tax collected by traders from customers on sale of goods and then deposited with Government. In its effort to acknowledge and further encourage the good tax paying dealers, the Government has decided to introduce a Reward/Appreciat...

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