"01 May 2017" Archive

From Labour Pains to Labour Gains

While radical labour reforms and greater digitization of labour payments and contracts will make labour markets in India more efficient, the long-term effects of automation need to be addressed. Greater automation of jobs will provide opportunities for the Indian economy to benefit from productivity growth, but we need to put in place pol...

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Posted Under: Corporate Law |

Man Seeks exchange of Seized old notes after discharge from case

Abhishek Shukla Vs Union of India & Ors. (Supreme Court of India)

Abhishek Shukla, who was discharged by the trial court in 2013 IPL spot-fixing case in July 2015, has moved the Supreme Court seeking a direction to the Reserve Bank of India (RBI) to accept demonetised Rs. 500 and Rs. 1,000 currency notes with a face value of Rs. 5 lakh, which was seized by the special cell of Delhi Police during probe o...

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Rajasthan Real Estate (Regulation and Development) Rules, 2017

Notification No. F.10(32)/UDH/3/2009 Part 01/05/2017

In exercise of the powers conferred by section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act No.16 of 2016), the State Government, hereby makes the Rajasthan Real Estate (Regulation and Development) Rules, 2017....

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EPFO: Revised delegation of financial powers for claim settlement

Circular No. Manual/Amendment/2011/pt/1948 01/05/2017

Since the settlement of claim is done from two different schemes/accounts (A/c-1 for F-19 and A/c-10 for F-10C), for accounting & reporting purpose, two separate receipt numbers are required and may be entered on the single composite claim form. The member would be required to submit a single Composite Claim Form....

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Extension of last date for submission of CPT exam application form

It has been decided to extend the last date for submission of examination application forms in respect of CPT to be held in the month of June 2017, as a special case, to 6th May, 2017....

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Posted Under: Corporate Law |

SC Guideline for Listing of urgent matters during Vacations

F.No. 169/Judl./2017 01/05/2017

It is hereby notified for the information of all concerned that the following norms/guidelines have been laid down for listing of urgent matters during the ensuing vacation viz. from 11.5.2017 to 2.7.2017 :...

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Download GST Financial Impact Calculator

Please find attached GST – Financial Impact Sheet / Calculator, which can be used for evaluating Financial Impact of GST on a business. ...

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Registration, Amendment & Cancellation under CGST Act, 2017

CA Sanjeev Singhal It is important to understand provision of GST law that when the registration is required like at what value of turnover , kind of person covered for registration, what are the situation where registration is required without the threshold limit means after the occurring of particular transaction or transaction by parti...

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Posted Under: Corporate Law |

No sec 40A(2)(b) rws 36 disallowance on Trade advance given to sister concern

CIT Vs. M/S Ghari Industries Pvt. Ltd. (Allahabad High Court)

No disallowance can be made under Section 40A(2) (b) read with Section 36 of the Income Tax Act of interest paid on borrowed funds for trade advance given out of commercial expediency to sister concerns....

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24 Hour Presence of Excise officers in cigarette factories is not mandatory

Circular No. 1055/04/2017-Central Excise 01/05/2017

Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 24.12.2008 issued vide F. No. 224/37/2005-CX.6, read with para 2.2 of Chapter 4 of t...

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