"16 August 2018" Archive - Page 3

E-book mechanism for issuance of securities on private placement basis

Circular No. SEBI/HO/DDHS/CIR/P/2018/122 (16/08/2018)

2. With a view to further rationalise and ease the process of issuance of securities on EBP platform and in consultation with the market participants, it has been decided to provide for the following additional facilities:...

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Status of Norms Fixation of Advance Authorisations under Self declaration

Trade Notice No. 24/2018-DGFT (16/08/2018)

Attention of Trade and Industry is invited to new facility introduced by DGFT EDI division which enables exporters who obtained Advance Authorizations under self declaration basis to view status of their applications online....

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Customs Rate of Exchange of Foreign Currency Conversion wef 17.08.2018

Notification No.74/2018-Customs (N.T.) (16/08/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 17.08.2018 notified vide Notification No. 74/2018 – Customs (N.T.) dated 16th August, 2018...

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SEBI to reduce time for listing after closure of issue to 6 working days

Circular No. CIR/DDHS/P/121/2018 (16/08/2018)

In order to make the existing process of issuance of debt securities, NCRPS and SDI easier, simpler and cost effective for both issuers and investors under the SEBI ILDS, SEBI ILDM, SEBI NCRPS and SEBI SDI regulations respectively, it has been decided to reduce the time taken for listing after the closure of the issue to 6 working days as...

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Presentation on Startup and Project Finance

The Presentation covers Start up, Technical compliance, Tax benefits, Formation, Project Setup and Preparation of Project Report. Various options for Fund raising and Finance....

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Posted Under: SEBI |

GST Clauses In The 3CD Form – Few Thoughts

Clause 4 deals with the factual information regarding the GSTIN, if the assessee is registered. Since Income Tax is PAN based (i.e. entity level) whereas GSTIN is at State level or business-vertical level, all the GSTIN’s which are obtained under a single PAN during FY 2017-18 are required to be mentioned in the report. As an example, e...

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Posted Under: SEBI |

General Anti Avoidance Rules (GAAR) – Applicability

Many of us have a misconception about GAAR that it deals with Tax evasion and Tax Planning. But, GAAR will come into the picture in the case of “Impermissible avoidance arrangement”, that too only when the tax benefit from such   arrangement exceeds Rs. 3 crore. All of us know that GAAR provisions are applicable […]...

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Posted Under: SEBI |

Empanelment of Concurrent Auditors with Oriental Bank of Commerce

Application for Empanelment of Concurrent Auditors with Oriental Bank of Commerce for Corporate Account based in Ludhiana Public Notice Oriental Bank of Commerce Circle Office, Ludhiana 3rd d Floor, 2439/1-2, Dhanraj Complex, Near PAU Gate No. 1 Ferozepur Road, Ludhiana-141001 Appointment of Concurrent Auditor for Corporate Account based ...

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Posted Under: SEBI |

This Independence Day, let’s start contributing to Indian Security forces actively

Deduction under Section 80G: Every taxpayer can make contribution/donation to specific funds in order to claim deduction from his Gross Total Income to reduce the tax liability. Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act....

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Posted Under: SEBI |

Legal Aspect of an HUF

After my article on tax benefits available to a Hindu Undivided Family (HUF) some of my friends have requested me to write more on the legal aspect of the HUF. This article deals with the legal aspect of an HUF....

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Posted Under: SEBI |