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Archive: 01 December 2017

Posts in 01 December 2017

Edelweiss Tokio Life Insurance’s Wealth Plus Plan – A Plan for Digitally-Savvy Investor

December 1, 2017 3998 Views 0 comment Print

Edelweiss Tokio Life Insurance launches Wealth Plus – a market-linked insurance plan that is targeted at the digitally-savvy investors. It is an industry-first product that aims at creating wealth depending on the length of the investment term. The plan contributes to the fund.

Analysis of Scheme of budgetary support under GST Regime

December 1, 2017 10068 Views 1 comment Print

♠ The new scheme is offered, as a measure of goodwill, only to the units which were eligible for drawing benefits under the earlier excise duty exemption/refund schemes. ♠ All such notifications have ceased to apply w.e.f. 01.07.2017 and stands rescinded on 18.07.2017 vide Notification No. 21/2017-Central Excise dated 18.07.2017.

Major Amendment to Investor Education Protection Fund (IEPF) Rules

December 1, 2017 11022 Views 4 comments Print

Any money transferred to the Unpaid Dividend Account of a company in pursuance of this section which remains unpaid or unclaimed for a period of seven years (7 year and 37 days from the date of declaration of dividend) from the date of such transfer shall be transferred by the company along with interest accrued, if any, thereon to Investor education and protection fund.

MCA highlights Irregular certification of ROC e-forms

December 1, 2017 4299 Views 0 comment Print

Various e-forms AOC-4 were certified by you stating- I declare that I have been duly engaged for the purpose of certification of this form. It is hereby certified that I have gone through the provisions of the Companies Act, 2013 and Rules there under for the subject matter of this form and matters incidental thereto

Short Note on Secretarial Standard -3 on – Dividend

December 1, 2017 11811 Views 0 comment Print

Before writing on SS-3 one Quick Question is Whether adherence of this Secretarial Standard is Mandatory or recommendatory for the Corporates. These standards are issued by ICSI, However, adherence of these standards are Recommendatory

Whether Limitation Act Applicable on IBC, 2016

December 1, 2017 3417 Views 0 comment Print

NCLAT rulings in Neelkanth Township & Black Pearl Hotels clarify how Limitation Act applies to insolvency cases under IBC, impacting time-barred debt claims.

Applicability of XBRL for Financial Year 2016-17

December 1, 2017 75042 Views 0 comment Print

Numerous proficient persons are mystified about the applicability of XBRL (Filing of Documents and Forms in Extensible Business Reporting Language). MCA has issued 1 Notification on 06th November, 2017

Writ Petition not Maintainable against a Show-Cause Notice: HC

December 1, 2017 2595 Views 0 comment Print

In our considered view, no writ petition is maintainable against a show-cause notice. The petitioner, if so advised, may submit objections against the show-cause notice and if any adverse order is passed, he shall have his remedy against the same in accordance with law.

23 FAQs on Valuation by Registered Valuers – Section 247

December 1, 2017 11277 Views 2 comments Print

Scope of person who have qualified as Register Valuer u/s 247 of Companies Act? A valuer shall conduct valuation required under the Act as per these rules and he may conduct valuation as per these rules if required under any other law or by any other regulatory authority.

Derivatives Profit / Loss: Section 43(5)(d) applies from AY 2006-07

December 1, 2017 30921 Views 0 comment Print

Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that loss derived from trading in derivatives carried out prior to 25/01/2006 cannot be treated as speculative loss and it should be treated as normal business loss under the provisions of the Income Tax Act, 1961.

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