"29 March 2018" Archive

President assents Payment of Gratuity (Amendment) Act, 2018

NO. 12 OF 2018 (29/03/2018)

(1) This Act may be called the Payment of Gratuity (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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President assents Finance Act, 2018 (Applicable for FY 2018-19)

NO. 13 OF 2018 (29/03/2018)

THE FINANCE ACT, 2018 received the assent of the President on the 29th March, 2018, and is hereby published for general information:—...

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ICICI Bank’s clarification on RBI penalty

Press Release: 2017-2018/2593 (29/03/2018)

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM. ICICI Bank had continued with the sales from HTM category for a few weeks during the quarter ended March 31, 2017, due to a genuine misunderstanding on the timing of the applicability of RBI's direction in this matter....

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IBBI amends Insolvency Resolution & Liquidation Process Regulations

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016...

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Posted Under: Corporate Law |

Punjab to roll out intra-state e-way bill WEF 1st June 2018

Notification No. PA/ETC/2018/63 (29/03/2018)

It is notified that no e-Way Bill will be required to be generated in Punjab for a period of two months from 1st April, 2018 for movement of goods in connection with intraState supply provided such goods do not cross the State boundary during transit....

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Govt notifies maximum maternity leave of 26 weeks for Gratuity

Notification No. S.O. 1421 (E) (29/03/2018)

Central Government hereby specifies for the purposes of the said clause that the total period of maternity leave in the case of a female employee shall not exceed twenty-six weeks....

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Revised SA 299 Joint Audit of Financial Statements

The practice of appointing more than one auditor to conduct the audit of large entities is followed for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulations....

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Posted Under: Corporate Law |

CBEC extends GST Refund on Export Fortnight till 31.03.2018

Release ID: 1527018 (28/03/2018)

In order to facilitate the sanction of refunds, the Central Board of Excise and Customs (CBEC) has decided to extend the Refund Fortnight and keep open all the Customs field formations on 29.03.2018, 30.03.2018 and 31.03.2018 even though these are holidays/ non-working days. Necessary administrative instructions have been issued in this r...

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Posted Under: Corporate Law |

Recent updates on e-Way Bill & Advanced e-Way Bill Manager

Before the introduction of GST regime, transporters were required to carry waybill for facilitating the supply of goods. Since the documents were physical and were obtained from the VAT authorities, the compliance requirements around the waybills were very complicated and thus acted as a hindrance in the transportation of goods across the...

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Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018

Notification No. S.O. 1419(E). (29/03/2018)

Central Government hereby appoints the 29th day of March, 2018 as the date on which Payment of Gratuity (Amendment) Act, 2018 shall come into force....

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