"01 December 2017" Archive

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

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....

Read More
Posted Under: Finance |

Analysis of Scheme of budgetary support under GST Regime

♠ 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 ♠ All such notifications have ceased to apply w.e.f. 01.07.2017 and stands rescinded on 18.07.2017 vide Notification No. 21/2017-Central Excise dated 18.07.2017....

Read More
Posted Under: Finance |

Major Amendment to Investor Education Protection Fund (IEPF) Rules

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 Invest...

Read More
Posted Under: Finance |

MCA highlights Irregular certification of ROC e-forms

Ref: RD/NER/406 01/12/2017

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 ...

Read More

Short Note on Secretarial Standard -3 on – Dividend

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...

Read More
Posted Under: Finance |

Whether Limitation Act Applicable On Insolvency & Bankruptcy Code, 2016

The NCLAT held that that in the absence of any provision in IBC, the Limitation Act, 1963 would not be applicable to initiation of Corporate Insolvency Resolution Process. The NCLAT further observed:...

Read More
Posted Under: Finance |

Applicability of XBRL for Financial Year 2016-17

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 ...

Read More
Posted Under: Finance |

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

Piyara Lal Vs. Principle Commissioner of Income Tax and another (Punjab and Haryana High Court)

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....

Read More

23 FAQs on Valuation by Registered Valuers – Section 247

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....

Read More
Posted Under: Finance |

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

M/s. Nilliampathy Tracon (P) Ltd. Vs. A.C.I.T. (ITAT Kolkata)

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. ...

Read More

Search Posts by Date

December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031