"14 June 2016" Archive

Reg. Request for Expedited Examination of Patent Application

Public Notice No. CG/F/2016/146 14/06/2016

The Patents (Amendments) Rules, 2016 have come into force w.e.f. 16th May, 2016. In this regard the stakeholders and general public are hereby informed that in terms of provisions of sub-rule (13) of Rule 24C relating to expedited examination of applications, the number of requests for expedited examination to be received by the Patent Of...

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Notification No. 85/2016-Customs (N.T.) Dated 14.06.2016

Notification No. 85/2016-Customs (N. T.) 14/06/2016

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 85/2016-Customs (N. T.) New Delhi, 14th June, 2016 S.O. 2100(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, be...

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Notification No. 25/2016–Central Excise Dated 14.06.2016

Notification No. 25/2016–Central Excise 14/06/2016

the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) the Central Government on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)...

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Notification No. 24/2016–Central Excise Dated 14.06.2016

Notification No. 24/2016–Central Excise 14/06/2016

Central Government on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 214/86-Central Excises, dated the 25th March, 1986, published in the Gazette of India, Extraordinar...

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Notification No. 84/2016-Customs (N.T.) Dated 14.06.2016

Notification No. 84/2016-Customs (N.T.) 14/06/2016

F No.437/22/2016-Cus-IV Government of India Ministry of Finance Department of Revenue Notification No. 84/2016-Customs (N.T.) New Delhi, dated 14th June, 2016 In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs h...

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Finmin releases Draft Model GST Law 2016

The Empowered committee of State Finance Ministers has today released the much awaited model GST law June, 2016 for public debate. The new law has two Acts:-1. Goods and Services Tax Act’ 2016 2. Integrated Goods and Services Tax Act’ 2016...

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Posted Under: Corporate Law | ,

S.56 No Tax on Startup Shares issued about FMV: CBDT

Notification No. 45/2016-Income Tax 14/06/2016

Central Government, hereby notifies the 'classes of persons' for the purposes of section 56(2)(viib)(ii) as being the 'person' defined under sub-section (31) of section 2 of the said Act, being resident, who make any consideration exceeding the face value for issues of shares of a 'startup' company....

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ICAI dispenses GMCS-I by merging with Orientation Course

Dispensation of GMCS-I by merging its syllabus with Orientation Course for 15 days (90 hours) – (14-06-2016) The Council has decided to dispense with the General Management and Communication Skills (GMCS) – I Course and merge its syllabus with Orientation Programme. Hence forthwith, it will be known as Orientation Course. Accordin...

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Posted Under: Corporate Law |

Directions with regard to proper utilization of public funds by Government officials and Departments issued qua Chhattisgarh Store Purchase Rules, 2002 as amended in 2004

Raipur Rasayan Udyog Vs State of Chhattisgarh & others (Chhattisgarh High Court)

The interesting question which arises in this petition is, “Whether the Municipal Corporations are bound to purchase items mentioned in Schedule – 1 attached to the Chhattisgarh Store Purchase Rules, 2002 (as amended in 2004) (henceforth 'the Rules') only from the companies approved by the Chhattisgarh State Industrial Development Cor...

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Consolidated FDI Policy- a comparative analysis

Like every year, the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry had released the Consolidated Foreign Direct Investment Policy Circular, 2016 (FDI Policy 2016) which took effect from June 7, 2016. Several amendments were made in various sectors vide Press Note No. 12 dated November 24, 2015. FDI ...

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Posted Under: Corporate Law |

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