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Archive: 18 July 2016

Posts in 18 July 2016

Join Us for an Exclusive Webinar: GST on Corporate Guarantees

December 4, 2024 924 Views 0 comment Print

Join us on 8th Dec for a live webinar on GST and corporate guarantees. Learn valuation, co-guarantor liability, cross-border impacts, and practical examples.

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 4710 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

CA Final / CPT May / June 2016 Pass Percentage & Toppers

July 18, 2016 40952 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) today announced the following results: 1) Chartered Accountants Final Examination held in May, 2016. 2) Common Proficiency Test held on June 19, 2016. The top three rank holders on all India basis of Chartered Accountants Final Examinations held in May, 2016 are from Salem, Vijayawada and Jamnagar […]

CBDT signs 7 more APAs on 18th July 2016

July 18, 2016 21829 Views 0 comment Print

CBDT entered into seven (7) Unilateral Advance Pricing Agreements (APAs) today, i.e., 18th July, 2016, with Indian taxpayers. Some of these agreements also have a Rollback provision in them.

We will bring formal financial services to every Indian: RBI Governor

July 18, 2016 19233 Views 0 comment Print

In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important element in ensuring access and equity – the necessary building blocks for sustainable growth of our country.” Dr. Raghuram G. Rajan said this today while speaking at the National Seminar on Equity, Access and Inclusion organised by National Institute of Rural Development and Panchayat Raj in Hyderabad.

Comparison of Companies Cost records & audit Rules, 2016 with 2014 Rules

July 18, 2016 22604 Views 0 comment Print

Comparative Statement showing Original Rules 2014 i.e. Companies (cost records and audit) Rules,2014 vis-a-vis Amendment Rules 2016 i.e. Companies (cost records and audit) Amendment Rules, 2016 – issued on 14th July 2016 Notes: All additions are shown in red and deletions are shown in blue. Entire Rules are not given; only changes have been highlighted […]

Notification No. 58/2016-Income Tax Dated: 18.07.2016

July 18, 2016 436 Views 0 comment Print

It is hereby notified for general information that the organisation Mis Indian Institute of Science Education and Research. Mohali (PAN:- AAAAI1781K) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-lax Act. 1961 (said Act), read with Rules 5C and 5E of the income-tax Rules. I%2 (said Rules).

CBI arrests Director General, MCA & 3 others in alleged bribery Case

July 18, 2016 25192 Views 2 comments Print

The Central Bureau of Investigation has arrested Director General, Ministry of Corporate Affairs(Govt of India), Delhi and three private persons including a Delhi based middleman in an alleged bribery case of Rs. 9 Lakh.

Consolidated Financial Statements – An Overview

July 18, 2016 31822 Views 1 comment Print

Section 129 (3) of the Companies Act, 2013 provides that where a Company has one or more subsidiaries, it shall, in addition to their financial statements prepare a consolidated financial statement of the Company and of all the subsidiaries in the same from and in the same form and manner as that of its own which shall also be laid before the annual general meeting of the Company.

Section 135 –Corporate Social Responsibility- Companies Act, 2013

July 18, 2016 49225 Views 2 comments Print

Following Expenditure are not treated as a CSR i) Any amount Contributed to political party is not treated as a CSR. (ii) Any project/Programme which benefits the employees or their family is not treated as CSR. (iii)Any activity undertaken by company during the normal course of business is not treated as CSR.

Procedure For Right Issue of Shares under Companies Act,2013

July 18, 2016 143158 Views 8 comments Print

Meaning of Right Share of Issue: Right Issue’ means offering shares to existing members in proportion to their existing shareholding through letter of offer. Governing Section: SECTION 62 of Companies Act 2013

FCRA, 2010 – All you want to Know (FAQs)

July 18, 2016 25619 Views 1 comment Print

Please Click on the topics to view the corresponding FAQ’s Introduction to FCRA, 2010 Key Definitions and Concepts under FCRA, 2010 Registration and Prior Permission Acceptance and Utilization of Foreign Contribution Transfer of Foreign Contribution Maintenance of Accounts Filing of Annual Returns Banks and Banking related issues Change in Name, Address, Objectives, FC Account details […]

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