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Archive: 03 May 2018

Posts in 03 May 2018

Engagement of CA Firms for Statutory Audit of various units of ICAI

May 3, 2018 3795 Views 0 comment Print

ICAI invites applications from eligible Chartered Accountants firms for appointment as Statutory Auditors for its units i.e. Branches, Decentralized Offices and Regional Councils for the financial year 2018-19.

Inflation – The hidden enemy

May 3, 2018 2454 Views 2 comments Print

Just the other day at lunch we all colleagues were discussing about our school / college days.. and one of my seniors said they had only doordarshan on tv while juniors discussed about nickelodean, hungama and so on. Seniors were nostalgic about the Vada Pav they had in break time for Rs 5/- and juniors were boasting about burgers in Mc Donalds.

Set off of unabsorbed business losses against capital income arising through slump sale allowable

May 3, 2018 4047 Views 0 comment Print

Gouranga Cement Pvt.Ltd. Vs DCIT (ITAT Kolkata) It is undisputed fact that the assessee has the earned the long term capital income by way of transfer of the business assets such as factory building, Plant & Machinery, electric installation under the head slum sale. Thus the nature of LTCG is in the nature of business […]

President assents Ordinance for Speedy Disposal of Commercial Disputes 

May 3, 2018 876 Views 0 comment Print

Hon’ble President has given his assent to Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Ordinance, 2018 on 03rd May 2018. The ) Ordinance seeks to achieve the following objectives: The Ordinance brings down the specified value of a commercial dispute to 3 Lakhs from the present one Crore: Therefore, commercial […]

How to Change Name on Physical Share Certificates

May 3, 2018 97293 Views 44 comments Print

There are multiple reasons why people change their name. Major Examples are Due to Marriage, Astrological Believes, Due to Divorce etc. For the reason whatsoever, people change their name, it is recommended to update the new name on all the important documents such as PAN, Aadhar, Voter id, Passport, Shares and Securities, Insurance etc. Today we are writing about, “How to Change the name on Physical Share Certificates.

18% GST payable on railway track maintenance work: AAR

May 3, 2018 10107 Views 0 comment Print

The Applicant, stated to be an enlisted contractor engaged by the Railways for maintenance work of railway tracks, wants a ruling on the Classification and Rate of Tax when maintenance of railways tracks is done by them by providing contractors labour only in cases where the Railways supply materials free of cost and when maintenance of railways tracks is done by them by providing, both, contractor’s material and labour.

Under RTI act petitioner cannot elicit answer to his queries or ask for any ‘opinion’ or ‘advice’

May 3, 2018 15540 Views 1 comment Print

RTI Act does not cast on the public authority any obligation to answer queries in which the petitioner attempts to elicit answer to his queries with prefixes as why, what when and whether. The petitioner’s right extends only to seeking information as defined in section 2(f) either by pointing the file document, paper or record etc., or by mentioning the type of information as may be available with the specified public authority.’

EPFO: Reg. Defaulting Establishments mandated for inspection

May 3, 2018 6630 Views 0 comment Print

(1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection.

Action to Be Taken In Case Of Non-Compliances with SEBI Listing Regulations with SOP

May 3, 2018 6468 Views 1 comment Print

Non-compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities.

Customs Rate of Exchange of Foreign Currency Conversion wef 04.05.2018

May 3, 2018 1554 Views 1 comment Print

Customs Rate of Exchange of Conversion Foreign Currencies wef 04.05.2018 notified vide Notification No. 35/2018-Customs (N.T.) dated: 3rd May, 2018

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