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Archive: March, 2017

Posts in March, 2017

Key takeaways from new Trademark rules

March 21, 2017 2937 Views 1 comment Print

The Government has notified the Trade Marks Rule, 2017 with an aim to simplify the process of Trade mark application and e-filing of trademark. Some of the main features of new Trademark rule are:

Checklist for application to Inspect Minutes of General Meeting

March 21, 2017 5646 Views 0 comment Print

Article compiles Checklist for the application made under section 119 of Companies Act, 2013 for Refusal of Inspection of Minute Books of General Meeting together with NCLT Rules, 2016.

Understanding Basic Terms NRI/PIO/OCI & Steps to Start a Business In India

March 21, 2017 13716 Views 5 comments Print

To understand how to start a business in India if you are an NRI/PIO/OCI, we should firstly get well conversant with the meaning of the terms NRI/PIO/OCI. Difference between NRI/PIO/OCI

Operational flexibility for Indian subsidiaries of Non-resident Companies

March 21, 2017 1242 Views 0 comment Print

To provide operational flexibility for booking derivative contracts to hedge the currency risk arising out of current account transactions of Indian subsidiaries of Multi-National Companies (MNCs).

NI Act: Order Imprisoning for Default to Pay Compensation Appealable

March 21, 2017 4710 Views 0 comment Print

The short question which falls for decision in this case is whether a judgment and order of conviction and sentence of imprisonment till the rising of the Court and an order of compensation imposed under Section 357(3) of the Code of Criminal Procedure with a direction to undergo imprisonment in default of payment of such compensation is appealable or not.

ITBA Rectification Module for Income Tax Penalty orders

March 21, 2017 4658 Views 0 comment Print

The functionality to rectify penalty orders passed in the System (Process flow from initiation of rectification to passing rectification order) is now available to the Users through the Rectification module of Income Tax Business Application (ITBA).

ICAI constitutes Group to formulate Detailed MCA Action Plan

March 21, 2017 1215 Views 0 comment Print

After the meeting, ICAI has been asked to give a report inter-alia covering the following aspects: Identification of the accountancy, finance and related services with the potential of exports and related geographical markets. Assessment of skill requirements and building capacity for accessing the markets.

Income Tax Business Application- GPF Module in HMS

March 21, 2017 1167 Views 0 comment Print

General Provident Fund (GPF) is a scheme designed to benefit the employees. In CPT a small portion of the employee’s salary is deducted and deposited with the government GPF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income.

Time Barring Scrutiny cases pending to be uploaded on AST System

March 21, 2017 1278 Views 0 comment Print

Time limit for uploading of manually passed orders on the AST system was extended by 60 days i.e. upto 01.03.2017. Even now it is seen that a large number of cases where Notice u/s 143(2) has been issued but Scrutiny order is yet to be uploaded in the AST system.

Income Tax Business Application: Training Management Module

March 21, 2017 11196 Views 0 comment Print

Training Management Module is part of the ITBA HRMS Application. It is being designed to support the full range of training activities associated with employee and the administrators involved in the training process

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