"07 December 2016" Archive

Govt to simplify Labour Laws by grouping on functional basis

Ministry has initiated steps for drafting four Labour Laws on Wages; Industrial Relations; Social Security & Welfare; and Safety and Working Conditions...

Posted Under: Corporate Law |

Increase Wages limit to Rs. 25000 for EPF Converge- CBT

Sub-committee of Central Board of Trustees, EPF recommended to Govt to consider increase in wage ceiling under EPFO to Rs. 25000 PM from existing 15000 PM....

Posted Under: Corporate Law | ,

Due date & Fee for Annual ROC Filing in J&K relaxed

General Circular No. 14/2016 07/12/2016

Jammu and Kashmir -Relaxation of additional fees & extension of last date of in filing form MGT-7 (Annual Return) & AOC-4 (Financial Statement) ...

S. 10(46) CBDT Notifies Petroleum & Natural Gas Regulatory Board

Notification No. 112/2016-Income Tax 07/12/2016

Central Government hereby notifies for section 10(46) of Income-tax Act, 1961 , Petroleum and Natural Gas Regulatory Boars in respect of following specified incomes...

Clarification on due date of transfer of shares to IEPF Authority

General Circular No. 15/2016 07/12/2016

Various representations have been received from Companies for simplification of transfer process of shares under Investor Education & Protection Fund (Accounting. Audit. Transfer. and Refund) Rules, 2016. notified on 05.09.2016. ...

9 Government Social Security Scheme for Domestic Workers

9 Schemes, formulated by Govt to give social security cover to unorganized workers, listed in Schedule I of Unorganised Workers’ Social Security Act, 2008 ...

Posted Under: Corporate Law |

Monitoring, Compliance and Penalty under FATCA

As provided in Rule 1 14G(9), the statement needs to be furnished to the Directorate of Intelligance and Criminal Investigation and the said Directorate has been given the responsibility of ensuring the compliance. The penalty provisions provided in the Income-tax Act, 1961...

Posted Under: Corporate Law |

Procedure for Furnishing Report under FATCA and CRS

8.1 As per Rule 1 14G(9), the statement in respect of each reportable account needs to be filed by the RFIs to the Director of Income-tax (Intelligence and Criminal Investigation) or Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose...

Posted Under: Corporate Law |

Reporting under FATCA and CRS by Trust and related issues

7.1 In the case of trust, two situations may arise- a. when a trust is itself a Reporting Financial Institution, or b. when a trust is a NFE that maintains a Financial Account with a Reporting Financial Institution....

Posted Under: Corporate Law |

62114 cases of non payment of Minimum Wages for Contract Jobs

Contractual workers are being paid minimum wages covered under Scheduled Employment at rate fixed according to nature of work as provided under Minimum Wages Act, 1948. ...

Posted Under: Corporate Law |

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February 2024