"26 December 2016" Archive

Special Economic Zones (Amendment) Rules, 2016

Notification No. G.S.R. 2(E) (26/12/2016)

5A. Infrastructure requirements relating to information technology, Bio-technology, Research and Development facilities, Fabless Semi-conductor Industry and Electronic Manufacturing Services...

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Time and value of supply under Revised GST law

This chapter will focus on the time of supply of goods and services vis a vis valuation of supply which includes goods and services. Both are very significant part of any business vis a vis taxation. ...

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Posted Under: Corporate Law |

Everything You Need To Know About The New PhonePe App

With demonetization, long ATM queues are common view currently. Kiss them goodbye and welcome new PhonePe, a mobile payment app based on Government-Backed Unified Payment Interface (UPI) platform....

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Posted Under: Corporate Law |

Transitional Provisions under Revised Model GST Law -Part-II

Article Analyses Transitional Provisions under Revised Model GST Law specified in section 168 related to Unavailed cenvat credit on capital goods, not carried forward in a return, to be allowed in certain situations...

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Posted Under: Corporate Law |

National Company Law Tribunal (Amendment) Rules, 2016: Brief Analysis

Central Government exercise the power conferred by section 469(1) & (2) of the Companies Act, 2013 and make a rule to amend the National Company Law Tribunal Rules, 2016 namely, National Company Law Tribunal (Amendment) Rules, 2016 come into force w.e.f 20th December, 2016....

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Posted Under: Corporate Law |

60 days grace to avail additional interest subvention on Corp Loans

RBI/2016-17/194 FIDD.No.FSD.BC. 19/05.04.02/2016-17 (26/12/2016)

GoI to provide an additional grace period of 60 days for prompt repayment incentive of 3% to those farmers whose crop loan dues are falling due between 1st November, 2016 and 31st December, 2016...

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Financial information to be disclosed in offer document by REITs

Circular No. CIR/IMD/DF/141/2016 (26/12/2016)

REIT Regulations prescribe disclosures to be made in an offer. The said disclosures, inter-alia, include disclosures for financial information of REIT as well as Manager and Sponsor....

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Financial Reporting by Local Bodies in ASLB 17, Property, Plant & Equipment

Exposure draft of Conceptual Framework for General Purpose Financial Reporting by Local Bodies along with consequential amendments in ASLB 17, ‘Property, Plant and Equipment’ ...

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Posted Under: Corporate Law |

Devraj Infrastructures Ltd. Notified as Industrial Park – Section 80-IA(4)

Notification No. 121/2016 Income Tax (26/12/2016)

Section 80-IA(4)(iii) Central Government hereby notifies undertaking from date of commencement of industrial park 5th September, 2010 being developed and being maintained and operated by M/s Devraj Infrastructure Ltd....

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SEBI cautions investors against activities of QNET / VDSIL

SEBI is regularly receiving complaints against activities carried on by QNET / Vihaan Direct Selling India Pvt. Ltd. (VDSIL)....

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Posted Under: Corporate Law |