"29 July 2016" Archive

Discussion Paper on review of framework for Institutional Trading Platform

The regulatory framework for Institutional Trading Platform (ITP) was put in place vide amendments notified to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations) on August 14, 2015. Various enabling amendments to other SEBI regulations i.e. on Takeover, Listing, Delisting and AIF were also notified....

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Posted Under: SEBI |

Corrigendum to Excise Notification No. 26/2016-CE, dated 26.07.2016

G.S.R. 749(E) (29/07/2016)

G.S.R. 749(E).—In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 26/2016-CE, dated the 26th July, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 728 (E), dated the 26th July, 2016, in column (3), the entry, namely,—...

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Income Tax return Due date extended to 05.08.2016

F.No. 225/195/2016/ITA.II (29/07/2016)

CBDT, in exercise of powers conferred U/s. 119 of the Income-tax Act, 1961, hereby extends the 'due-date' for filing such returns of Income from 31st July, 2016 to 5th August, 2016, in case of taxpayers throughout India who are liable to file their Income-tax return by the said`due-date'...

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Income Tax Return filing date in Jammu & Kashmir extended

F.No. 225/195/2016/ITA.II (29/07/2016)

CBDT extends the 'due-date' for filing Returns of Income from 31st July, 2016 to 31st August, 2016, in case of Income-tax assessees in the State of Jammu & Kashmir who are required to file their return under section 139(1) of the Act by the said 'due date'...

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How To Pass CA Final In Second Attempt?

Well, I know no student would ever like to pass CA final in a subsequent attempt, but what if a student fails in his/her 1st attempt. As we all know results of finals usually come in single digit or sometimes double digit. There will be students who will not clear final in their 1 attempt, so for them, this is a short piece of note by me...

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Posted Under: SEBI | ,

Summary of Companies Incorporation Third Amendment Rules, 2016

1. Now particulars of subscribers and witness to the MoA and AoA of the company can be type written, so long as the subscriber and the witness as the case may be appends his or her signature or thumb impression, as the case may be. 2. In the principal rules, Form No. INC-10 (Form for verification of signature of subscribers) shall be omit...

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Posted Under: SEBI |

Highlights of Applicability of Excise on Gems & Jewellery Industry

This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry. On the basis of Circular No.1040/28/2016-CX to No.1045/33/2016-CX; and Notification No.'s 26/2016-Central Excise to 29/2016-Central Excise; No.’s 33/2016-Central Excise (N.T.) to 40/2016-Central Excise (N.T.) dated 26 Jul...

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Posted Under: SEBI |

Supply of Goods/Services under Model GST Law

This section provides for the meaning and scope of supply of goods and services. There is no concept of supply of goods and services in the present law either in Service Tax or Central Excise. In the proposed law, supply of goods or services shall include the following:...

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Posted Under: SEBI |

What you may not know about Timing the Market?

Timing is everything. Is it true in every case? In the financial world, you hear a lot of solicited and unsolicited advice about the right time and timing, with respect to investments. Which is the right strategy with regard to investment? Is it ‘doing it at the right time’ or ‘the best timing to do it’?...

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Posted Under: SEBI |

Full 7th pay commission Arrears to be paid with August salary

Office Memorandum No. No.1-5/2016-IC (29/07/2016)

The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from 01.01.2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable...

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