"November, 2017" Archive - Page 64

Introduction of Legal Entity Identifier for large corporate borrowers

RBI/2017-18/82 DBR.No.BP.BC.92/21.04.048/2017-18 02/11/2017

The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. LEI is a 20-digit unique code to identify parties to financial transactions worldwide....

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Anti-dumping duty on imports of Sodium Chlorate from Canada, China & Europe

No. 53/2017-Customs (ADD) [G.S.R. 1364 (E)] 02/11/2017

Whereas in the matter of Sodium Chlorate (hereinafter referred to as the subject goods) falling under tariff item 2829 11 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from Canada, China PR and EU ...

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NSDL Operational guidelines on transfer of shares to IEPF Authority

Circular No.: NSDL/CIR/II/20/2017 02/11/2017

Further to Circular No. NSDL/CIR/II/4/2017 dated April 28, 2017 regarding transfer of shares to the demat account of IEPF Authority, attention of Issuers/R&T Agents is invited to notification of Ministry of Corporate Affairs vide its General Circular no. 12/2017 dated October 16, 2017 wherein the Ministry has notified demat account opened...

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Rate of exchange of conversion of foreign currency wef 03.11.2017

Notification No. 103/2017-Customs (N.T.) 02/11/2017

Notification No. 103/2017-Customs (N.T.) CBEC hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 3rd November, 2017, be the rate mentioned against it in the corr...

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Mixed or composite supply under GST

Whether a supply is composite or not, invoice or agreement is not a deciding factor In Customs and Excise Commissioners v . British Telecommunications plc , Lord Slynn of Hadley considered whether delivery was ancillary or incidental to a supply of cars or whether it was separately identifiable. In concluding that, as a matter of commerc...

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Posted Under: Fema / RBI |

Various applicaibilities under Companies Act, 2013

Article discusses Various applicabilities under Company Act, 2013 for Listed Public Company,  Unlisted Public Company,  Private Company and One Person Company with relevant notes-  Corporate Social Responsibility u/s 135 Internal Audit u/s 138 Formal annual Evaluation Rotation of auditor u/s 141(3)(g) CARO, 2016 u/s 143(11) Audit Commi...

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Posted Under: Fema / RBI |

CCI finds conduct / practice of AIFEC in contravention of Competition Law

Shri Vipul A. Shah Vs. All India Film Employee Confederation & Others (Competition Commission of India)

The Competition Commission of India (CCI) has found All India Film Employees Confederation (AIFEC), Federation of Western India Cine Employees (FWICE) & its affiliates and three producer associations i.e. Indian Motion Picture Producers Association (IMPPA)...

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Salient features of Country-By-Country Report & Master File rules

The salient features of the Country-By-Country Report and Master File rules are as under: The threshold for the Country-By-Country Report is total consolidated group revenue of Rs. 5,500 crore or more....

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Posted Under: Fema / RBI |

Applicability of DTAA cannot be determined suo-moto by AO

M/s. Google India Private Ltd. Vs. Addl. CIT (ITAT Bangalore)

M/s. Google India Private Ltd. Vs. Addl. CIT (ITAT Bangalore); TDS on royalty payments under section 195(2): Applicability of DTAA cannot be determined suo-moto by AO without there being any application...

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Internal Audit And Scope For “Other” Professionals

The term audit is derived from the Latin term audire which means to hear. In early days an auditor used to listen to the accounts read over by an accountant in order to check them....

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Posted Under: Fema / RBI |

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