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Archive: 28 April 2017

Posts in 28 April 2017

RBI Guidelines on Merchant Acquisition for Card Transactions

April 28, 2017 1026 Views 0 comment Print

All co-operative banks not intending to act as Point of Sale (POS) acquiring bank are permitted to deploy third party POS terminals without prior approval of Reserve Bank of India (RBI) subject to the bank fulfilling the following criteria:

SEBI Circular on disclosure of executive remuneration by Mutual Funds

April 28, 2017 1398 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of regulation 77 of SEBI (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Notification No. 34/2017-Income Tax, Dated: 28.04.2017

April 28, 2017 1755 Views 0 comment Print

CBDT notifies Shri Ram and Ramdas Swami Samadhi Temple (Mandir) & Ramdas Swami Math at Sajjangad Distt. Satara, Maharashtra, to be place of historic importance and a place of public worship of renown throughout the state of Maharashtra

CBDT notifies National Skill Development Agency U/s. 10(46)

April 28, 2017 780 Views 0 comment Print

Section 10(46) of Income Tax Act, 1961-CBDT notifies National Skill Development Agency, a body constituted by the Central Government in respect of the following specified income arising to that body,

Import of Calcium Carbide at Nhava Sheva not allowed

April 28, 2017 1224 Views 0 comment Print

Since, import of Calcium Carbide at Nhava Sheva is not allowed till amendment in Calcium Carbide Rules, 1987 and inclusion of Nhava Sheva in the specified list under Rule 10 of Calcium Carbide Rules, 1987 is likely to take time, it has been decided that no import of Calcium Carbide will be allowed through JNCH until the rules in this regard are amended.

Requirement of Net Owned Fund for Asset Reconstruction Companies

April 28, 2017 1560 Views 0 comment Print

No Asset Reconstruction Company shall commence or carry on the business of securitisation or asset reconstruction without having Net Owned Fund (hereinafter referred to as NOF) of not less than Rupees two crore or such other higher amount as the Reserve Bank may, by notification, specify.

Committee Report on 7th CPC recommendations on Allowances

April 28, 2017 1224 Views 0 comment Print

The Committee on Allowances, constituted by the Ministry of Finance to examine the 7th CPC recommendations on Allowances, submitted its Report to Shri Arun Jaitley, Finance Minister on 27.04.2017

Notification No. 42/2017-Customs (N.T.), Dated: 28.04.2017

April 28, 2017 3672 Views 0 comment Print

Notification No. 42/2017-CUSTOMS (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001

File Formats for Transfer of Shares to demat account of IEPF Authority

April 28, 2017 2085 Views 0 comment Print

Attention of Issuers/ R&T Agents is invited to Notification dated February 28, 2017 issued by Ministry of Corporate Affairs (MCA) notifying the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 (Copy enclosed as Annexure 1)

Assessee entitled for Credit of TDS deducted in erstwhile name

April 28, 2017 3345 Views 0 comment Print

The credit of TDS deducted and deposited in the old name and old PAN No. and the credit of the same was not given to the assessee on account of mismatch, though entity is the same.

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