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Archive: December, 2016

Posts in December, 2016

Rules for Premium Refund on Lapsed LIC Policies

December 20, 2016 64813 Views 47 comments Print

Life Insurance Corporation of India (LIC) policies are considered as lapsed when the premium due under policy is not paid within the grace period prescribed.

Tax Levied on Air Services Companies

December 20, 2016 844 Views 0 comment Print

Income-tax in general is levied on various companies, including Air Services Companies (although no such terms finds place under the Income-tax Act, 1961) as per the provision of the Act

Demotisation may have positive impact on FDI

December 20, 2016 1246 Views 0 comment Print

Diplomatic Missions have written to convey their appreciation for the Government’s recent effort to make our economy more transparent and as a move that will also have a positive impact on FDI.

Capital structure of Nidhi Companies in India

December 20, 2016 1927 Views 0 comment Print

A Nidhi company shall be a public company and shall have a minimum paid up equity share capital of five lakh rupees

India & Switzerland signs agreement for auto exchange of info

December 20, 2016 1066 Views 0 comment Print

India and Switzerland signed the ‘Joint Declaration for implementation of Automatic Exchange of Information (AEOI) on the 22nd November, 2016.

SEBI Enhances Supervision of Stock Brokers / Depository Participants

December 20, 2016 1000 Views 0 comment Print

Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016 regarding the captioned subject.

Mandatory filing of Advance Filing of Bill of Entry in case of LCL cargo

December 20, 2016 2707 Views 0 comment Print

Study of time taken by various stakeholders in import clearance procedure has revealed that delay on part of importers in filing the Bills of Entry is one of major factors in overall delay in clearances of imported consignments.

No instruction by RBI to issue ATM Slip in Regional Languages

December 20, 2016 910 Views 0 comment Print

Whether the Government has issued any instructions to Public Sector Banks (PSBs) to provide ATM transaction slips in regional languages

8 Govt measures to raise India’s ranking in ‘Ease of Doing Business’

December 20, 2016 1495 Views 0 comment Print

Government of India in its efforts to improve the business climate of the country and also improve country’s ranking in the World Bank’s report on Ease of Doing Business;

Procedure for Migration to GST Regime

December 20, 2016 8890 Views 2 comments Print

Now one obvious question will be raised as to whether the migration of existing registration into the GST has any legal validity?

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