SEBI vide circular dated October 10, 2016 provided a period of three months to the ELCs on the DB to submit an action plan to list or to provide exit to shareholders to the designated stock exchanges.
The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as a whole, (ii) individual directors (including independent directors and Chairperson) and
Section 31 of proposed Model GST Act states that credit or debit notes will be raised by the supplier who has supplied such goods and / or services.
Companies Incorporation Fifth Amendment Rules, 2016- MCA has replaced the Form No. INC-2 and Form No. INC- 7 with Form INC-7 and Form INC-32 (SPICe)
Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law
The 8th meeting of GSTC held on 3-4 January, 2017concluded without any break through on cross empowerment, territory and compensation issues. The issue of territory was not raised earlier and compensation issue has triggered again as a fall out of demonetization.
With respect to the credit rating requirements for public issuance of debt securities, Regulation 4(2) of ILDS Regulations mentions that, an issuer making a public issue of debt securities has to obtain credit rating from at least one credit rating agency registered with the Board and disclose it in the offer document.
Your comments on Exposure Draft Standard on Auditing (SA) 720 (Revised) The Auditor’s Responsibilities Relating to Other ,should reach us by February 20, 2017.
Return is an important tool to collect the financial data and other related information, so as to enable the Department to have a concrete database for enforcing the compliance part. Thus, return process has become a powerful tool to implement the ‘data and revenue’ collection system.
Rate of exchange of one unit of foreign currency equivalent to Indian rupees with effect from 6th January, 2017 as notified by CBEC
