"12 September 2018" Archive - Page 3

Penalty U/s. 271(1)(c) not attracted for a mere wrong claim

Pr. Cit Vs Samtel India LTD (Delhi High Court)

Pr. CIT Vs Samtel India LTD (Delhi High Court) From the facts of this case it is clear that the assessee disclosed all the particulars of his income. The AO has disallowed his claim without holding it to be bogus or false. Hence, the genuineness of the loss occurred is not at question here. The […]...

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REX registration under EU GSP Scheme is free

Trade Notice No. 32/2018-19-DGFT (12/09/2018)

This is regarding registration of exporters under EU GSP REX System and assigning them a REX number enabling them to self certify the origin of product through Statement of Origin for duty preference under European Union Generalised System of Preferences, India is implementing EU GSP REX System w.e.f. 1st January, 2017....

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MCA notifies sections 66 to 70 of Companies (Amendment) Act, 2017

S.O. __ (E) (12/09/2018)

MCA vide notification dated 12.09.2018 notifies sections 66 to 70 (both inclusive) of Companies (Amendment) Act, 2017 and amended Section 196, 197, 198, 200 and 201 of the Companies Act, 2013. In pursuance of its policy of Minimum Government-Maximum Governance and providing Ease of Doing Business to the law-abiding Corporates of this coun...

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Companies (appointment and remuneration of managerial personnel) Amendment Rules 2018

G . S . R. (12/09/2018)

MCA notifies Revised Form No. MR-2- Form of application to the Central Government for approval of appointment of managing director or whole time director or manager by notifying Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018. Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, ...

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MCA Amends Schedule V of Companies Act, 2013

S.O. .... (E). (12/09/2018)

Central Government amends Schedule V of Companies Act, 2013 vide Notification dated 12th September, 2018 and amends Part I and Part II related to Conditions To Be Fulfilled For The Appointment Of A Managing Or Whole-Time Director Or A Manager Without The Approval Of The Central Government Appointments and Remuneration. Government of India...

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Proposed Amendment in Re-classification of Shareholders

SEBI has issued SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (SEBI LODR Regulations) on September 2, 2015 which was enforced with effect from December 1, 2015 other than regulation 31A and 23(4) which were effective from September 2, 2015....

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Posted Under: Income Tax |

Analysis of GST Notifications Dated 10th September 2018

CBIC has issued the various Notifications related to the GST Returns and Amendment in CGST, Rules 2017 on 10th September 2018. In this article we will see the detailed analysis about the Notification No. 43/2018 – Central Tax to Notification No. 48/2018 – Central Tax. Analysis is as follows:- 1. Extension the due-date of TRANS-1: The...

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Posted Under: Income Tax |

Securities In Dematerialized Mode: Unlisted Public Companies

APPLICABILITY Section 29 read with Rule 9 & Rule 9A of (Companies (Prospectus and allotment of securities) Third Amendment Rules 2018): Classes of Companies (a) every company making public offer; and (Rule 9) (b) Unlisted Public Companies (Rule 9A) (c) Any other company may voluntarily do so following provisions of Depositories Act, 1...

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Posted Under: Income Tax |

GST: Calcutta HC transfers Appeal filed before wrong authority

Supersmelt Sponge Private Limited. Vs Superintendent, (Anti Evasion) (Calcutta High Court)

Supersmelt Sponge Private Limited. Vs Superintendent, (Anti Evasion), Central Tax, C.G.S.T., Commissionerate, Bolpur & Ors. (Calcutta High Court) It was submitted that, the appeal filed by the petitioner is before a wrong authority. The Additional Commissioner (Appeals), C.G.S.T. Commissionerate, Siliguri has jurisdiction over the sub...

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