Notification No. 118/2017-Customs (N.T.) dated 21st December, 2017 Customs Rate of exchange of conversion of foreign currency wef 22.12.2017
This Article Defined basic Introduction of Secretarial Audit, which Company are Required to Appoint Secretarial Auditor?, Scope of Secretarial Audit. Secretarial audit will be helpful to the Promoters, Independent & Non-Independent Directors, government authorities & regulators, Investors, stakeholders, Creditors and management of the company.
Notification No. 93/2017-Customs Seeks to impose 30% Basic Customs Duty on Chana (Chickpeas) and Masoor (Lentils) by amending Notification No. 50/2017-Customs, dated the 30th June, 2017
During the financial year 2016-17 the Customs receipts grew by seven percent over the previous financial year and stood at 2,25,370 crore. The ratio of Customs duty collected to GDP was 1.48 percent. Duty foregone on account of export promotion schemes and on commodities was 3,87,539 crore in the financial year 2016-17.
Section 16 of CAG’s (DPC) Act, 1971 mandates CAG to audit receipts payable into consolidated fund of India and to satisfy that the rules and procedures are designed to secure an effective check on the assessment, collection and proper allocation of revenue and are being duly observed.
The eighth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on December 5 and 6, 2017 at the Reserve Bank of India, Mumbai.
Commissioner of Customs Vs S.S. Offshore Pvt. Ltd. (Bombay High Court) A right of an appeal has to be bestowed by a statute and no person can claim it as of a right, de hors the statute. However having found that there is a right of appeal conferred from the orders of the Commissioner of […]
ICSI- HIGHLIGHTS / COMPLETE ANALYSIS OF THE COMPANIES (AMENDMENT) BILL, 2017 The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent. The amendments under the Companies (Amendment) Bill, 2017, are broadly aimed at: […]
The recent judgment of the Trial Court in the matter of 2G scam denotes yet another failure of the conscience and consciousness of the nation because it did not invoke enough strong protest from the general public. Political expediency should not be allowed to sabotage and suppress the truth and allow the perpetrators of a crime to go unpunished.
Minimum no of directors: As per Section 149 of the Act every company shall have a board of directors consisting of individuals and shall have a minimum number of two directors in the case of a private limited company.
