"02 December 2016" Archive

Empanelment for Mediation and Conciliation – List of eligible candidates

F. No. 3/RD/M & C-Application/25/2016-17 (02/12/2016)

With reference to the subject cited, I am forwarding herewith the list of 68 eligible candidates categorized in Annexures I to VII, for the Empanelment for Mediation and Conciliation in respect of the region. Ministry may kindly place the said list on the Ministry's website for future reference....

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Demonetisation- Action against 33 PSU Bank Officers

Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions post demonetisation of Specific Bank Notes by the Government w.e.f. midnight of 8th November 2016....

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Posted Under: Company Law |

ICAI invites suggestions on revised Model GST Law

Your feedback / concerns and suggestions received on Model GST Law were communicated and as can be seen many amendments are due to the suggestions made by us....

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Posted Under: Company Law |

IRDA (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (Second Amendment) Regulations, 2016

Notification No. F. No. IRDA/Reg./24/136/2016 (02/12/2016)

Insurance Regulatory and Development Authority of India (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (Second Amendment) Regulations, 2016...

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IRDA (Issuance of e-insurance policies) (First Amendment) Regulations, 2016

Notification No. IRDAI/Reg/23/135/2016 (02/12/2016)

These regulations may be called Insurance Regulatory and Development Authority of India (Issuance of e-insurance policies) (First Amendment) Regulations, 2016....

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Law relating to Insolvency Professionals

As most you may aware that The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Code received the assent of the President of India on 28 May 2016....

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Posted Under: Company Law |

Meaning and Scope of ‘Supply’ under Revised Model GST Law

Whilst the Government is keen to make Goods and Services Tax (GST) a reality by envisaged April 1, 2017 deadline, efforts put in by the Government to look into the voluminous suggestions submitted by various stakeholders, on First cut Model GST Law (put on public domain on June 14, 2016), is indeed commendable....

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Posted Under: Company Law |

The In and Out of Black Money Schemes!

A lot of discussion is happening over black money and ways to declare them successfully.With the idea of currency demonetization, there was news that all the black money holders will be liable for a 200% penalty. This created a lot of buzz and different opinions travelling all around the market....

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Posted Under: Company Law |

Gujarat High Court upheld the validity of Entry Tax to be paid by aggregator (like Flipkart, Amazon etc) in the state of Gujrat

Entry tax is required to be paid in most of the states in India on entry of goods into the state for use, consumption or sale there of. Supreme court has also held that levy of entry tax by the state is constitutionally valid on 11.11.2016 by its nine Judge bench in the case of Jindal Steel Ltd Vs State of Haryana....

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Posted Under: Company Law |

Procedure for furnishing and verification of Form 26A

DGIT Notification No. 11/2016-Income Tax (02/12/2016)

CBDT notidfies Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source- Reg....

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