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Archive: April, 2017

Posts in April, 2017

ICSI formally adopts “Satyam Vada, Dharmam Chara” as ICSI Motto

April 13, 2017 9081 Views 0 comment Print

To mark the beginning of Golden Jubilee Celebrations of ICSI and on crossing 50,000th membership mark, The Institute of Company Secretaries of India formally adopts the Golden Quote Satyam Vada, Dharmam Chara – Speak the Truth, Abide by the Law as ICSI Motto.

Surplus generation from charitable activities did not dis-entitle assessee from registration U/s. 12A

April 13, 2017 1647 Views 0 comment Print

This appeal by the assessee is directed against the order of Commissioner of Income Tax -I, Pune dated 29-11-2013 rejecting the application of the assessee for grant of registration under section 12AA(1)(b)(ii) of the Income Tax Act, 1961 (hereinafter referred to as the Act).

TRQ for Raw Sugar: Amendment in import policy

April 13, 2017 1107 Views 0 comment Print

Central Government hereby makes the following amendments in the import policy conditions of ‘Raw Sugar’ classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017 – Schedule – 1 (Import Policy), as notified vide Notification No 1 dated 05.04.2017, as under:

Amendments in Product Description of 3 items in MEIS Schedule

April 13, 2017 1125 Views 0 comment Print

The product description in the MEIS Schedules of Babies Garments and Clothing Accessories of Wool or Fine Animal Hair, Othr Mcanry Parts Of Heading 8485, Other Seats Of Heading 9401 existing prior to Public Notice 61 dated 07.03.2017 has been corrected in line with ITC (HS).

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

April 13, 2017 16146 Views 0 comment Print

GSR ._ In exercise of the powers conferred by section 234 read with section 469 of the Companies Act, 2013, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Sec. 234 notified: Merger or Amalgamation of Company with Foreign Company

April 13, 2017 4128 Views 0 comment Print

Government hereby appoints 13th day of April, 2017 as date on which provisions of section 234 of Companies Act, 2013 related to ‘Merger or Amalgamation of Company with Foreign Company’ shall come into force.

Custom notification on TRQ benefit (duty free) for import of raw sugar

April 13, 2017 1164 Views 0 comment Print

1. Time line for availing TRQ benefit (duty free) for import of raw sugar [1701] has been extended from 12.06.2017 to 30.06.2017. 2. Actual user condition has been prescribed for importing raw sugar at Nil rate, availing TRQ benefit for manufacture of white/ refined sugar.

Banks to celebrate June 5-9, 2017 as Financial Literacy Week

April 13, 2017 1014 Views 0 comment Print

The literacy week will focus on four broad themes, viz. KYC, Exercising Credit Discipline, Grievance Redressal and Going Digital (UPI and *99#).

Salient features of revised PCA framework for banks

April 13, 2017 1314 Views 0 comment Print

The provisions of the revised PCA framework will be effective from April 1, 2017 based on the financials of the banks for the year ended March 31, 2017. The framework would be reviewed after three years.

Inclusion of “Derivatives on Equity shares” – IFSC

April 13, 2017 834 Views 0 comment Print

Clause 7 of SEBI (IFSC) Guidelines, 2015 specifies the types of securities in which dealing may be permitted by stock exchanges operating in IFSC.

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