"06 December 2018" Archive

SEBI (Mutual Funds) (Third Amendment) Regulations, 2018

Notification No. SEBI/LAD-NRO /GN/ 2018/50 (06/12/2018)

1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette....

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Advocate can accompany any person summoned by Director General

Notification No. L-3(2)/Regln.–Gen. (Amdt.)/2018/CCI (06/12/2018)

No misconduct on the part of the Advocate, accompanying the person summoned during continuance of his presence before the DG shall be permitted. In case of any misconduct, the DG for reasons to be recorded in writing shall forward a complaint to the Commission. ...

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Advance Ruling under GST – Is it worth exploring?

The introduction of Goods and Service Tax (‘GST’) from 1 July 2017 was a biggest tax reform in India since independence as GST had subsumed majority of key indirect taxes which were there in system since decades. GST has also made substantial change not only on taxability of the goods/ services, but also the time when the same would ...

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Posted Under: SEBI |

Employees’ Provident Funds (Amendment) Scheme, 2018

68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refunda...

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Customs Rate of Exchange of Foreign Currency wef 07.12.2018

Notification No. 96/2018-Customs (N.T.) (06/12/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 07.12.2018 notified vide Notification No. 96/2018 – Customs (N.T.) dated 6th December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 96/2018-Customs (N.T.) New Delhi, dated the 6th Dece...

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Taxation of pension

People working in government services or those working with government departments get pensions after retirement from their services additionally people who have contributed towards Employee Provident Fund (EPF) also get pension under Employee Pension Scheme (EPS), 1995. Even after the death of the employee their family members are also e...

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Posted Under: SEBI |

“Board Meeting Compliance’s – An Overview”

Board Meeting:  A meeting of the board of directors of a company at which the policy of the Company and major decisions as to its future actions are discussed. The powers of the board are usually set out in the company’s Articles of Association (AOA). Frequency of Board Meetings (u/s 173 of CA, 2013 & SS-1) […]...

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Posted Under: SEBI |

Exposure Drafts of Guidance Note on Audit of Banks 2019 Edition

This year also, the Board is in the process of bringing out the Guidance Note on Audit of Banks 2019 edition. It may be noted that this year, the Guidance Note has been divided into 3 separate Guidance Notes dealing with (1) Statutory Central Audit, (2) Foreign Exchange Transactions and Integrated Treasury, and (3) Bank Branch Audit other...

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Posted Under: SEBI |

Revised All Industry Duty Drawback Rates applicable from 19 Dec. 2018

Notification No. 95/2018-CUSTOMS (N.T.) (06/12/2018)

CBIC notifies Revised All Industry Duty Drawback Rates Schedule applicable w.e.f. 19 Dec. 2018, vide Notification No. 95/2018 Customs (NT) dt. 6 Dec. 2018 Duty Drawback Rates increased on most of the products like fish and fish products, calcined petroleum coke, various chemicals, dyes, tyres, leather articles, textiles, carpets, electron...

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Govt suspends FCRA registration of 156 Associations for not opening PFMS integrated bank

No.II/21 022/58(951 )/PFMS/20 17/FCRA(MU) (06/12/2018)

Order placing Associations under Suspension for not opening FCRA account(s) in PFMS integrated bank No.II/21 022/58(951 )/PFMS/20 17/FCRA(MU) Government of India Ministry of Home Affairs Foreigners Division Major Dhyan Chand National Stadium, Outer India Gate, New Delhi-110001 Dated 6th Dec 2018 ORDER Whereas, the associations mentioned ...

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