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Archive: November, 2016

Posts in November, 2016

Exposure Draft Secretarial Standard on Report of Board of Directors

November 29, 2016 17635 Views 0 comment Print

Companies Act, 2013 requires Board of Directors of every company to present Financial Statements to shareholders along with their Report known as the Report of Board of Directors or Boards Report.

Anti-dumping duty on Axle for Trailers imported from China

November 29, 2016 1549 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on Axle for Trailers originating in, or exported from Peoples Republic of China vide Notification No. 54/2016-Customs (ADD)

Registration as an Insolvency Professional with ICAI (IIIPI)

November 29, 2016 2650 Views 0 comment Print

The Indian Institute of Insolvency professionals of ICAI (IIIPI), a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and Bankruptcy Code 2016 and read with regulations.

3 Years Rigorous Imprisonment With Fine to Then JCIT

November 29, 2016 1624 Views 0 comment Print

The Special Judge for CBI Cases, Bangalore has convicted Shri V.P.Shamsuddin, then Joint Commissioner of Income Tax (Appeals-II), Bangalore U/s 13(2) r/w 13(1)(d)(ii) of PC Act and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/-

Insurance premium cannot be paid in old notes : IRDA

November 29, 2016 817 Views 0 comment Print

It has come to the Authority’s notice that there is a news item floating in the press that the Authority has instructed insurers to accept old Rs. 500 and Rs. 1000 notes for depositing insurance premium.

Customs Rate of exchange of foreign currency WEF 30.11.2016

November 29, 2016 880 Views 0 comment Print

Notification No.143/2016-Customs (N.T.)- CBEC notifies Rate of exchange of conversion of foreign currency with effect from 30th November, 2016

Brief Analysis of Draft Integrated Goods & Services Law,2016

November 29, 2016 8536 Views 4 comments Print

As per Section 3, Inter-State Supply of goods or services means any supply where the location of the supplier and the place of supply are in different States. Place of Supply is defined under section from 7 to 10.

FM tables Taxation Laws (Second Amendment) Bill, 2016 in Lok Sabha

November 29, 2016 4597 Views 3 comments Print

If any taxpayer voluntarily makes a declaration of his unaccounted money, then,as per the provisions of section 199C, he shall be liable to pay tax on such unaccounted money at the rate of 30% along with 33% Surcharge (on such tax) known as Pradhan Mantri Garib Kalyan Cess under section 199D.

How much life insurance cover you need?

November 29, 2016 3478 Views 1 comment Print

No one likes to talk about death. We must accept the fact that everyone born in this world must face the reality of death. Not only losing the loved ones, most of the times, families get into serious financial crisis.

Exposure Draft of Secretarial Standard-3 (SS-3) on Dividend

November 29, 2016 3445 Views 0 comment Print

In this Secretarial Standard, the Standard portions have been set in bold types These shall be read in the context of the background material which has been set in normal type. Both the Standard portions and the background material have equal authority

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