"17 December 2018" Archive

New Able2Extract Professional 14: Create Electronic Signatures and Sign PDFs Digitally

A PDF tool with all the features users might need for personal and business use is either a hard thing to find or too expensive for most. Even though there are a lot of one-dimensional programs that deal with just one or a couple of tasks well, we wanted to ease your search for an […]...

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Posted Under: Corporate Law |

Depreciation allowable on public roads by treating as buildings

PCIT Vs GVK Jaipur Expressway Ltd. (Supreme Court of India)

Whether in the facts and circumstances of the case, Hon’ble ITAT was justified in allowing the claim of depreciation on public roads treating the same as building which is not permissible in law?...

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CBIC exempts BCD and IGST for imports by NTRO

Notification No. 81/2018–Customs 17/12/2018

CBIC partially amends notification No. 37/2017-Customs dated 30.06.2017 in order to exempt BCD and IGST for imports by NTRO. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 81/2018–Customs New Delhi, the 17th December, 2018 G.S.R. 1214(E).– In exercise of the powers conferred by sub-section (1) of ...

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Seeking info under RTI Act cannot put question mark on integrity of applicant

Pardeep Kumar Vs Union Territory, Chandigarh and others (Punjab and Haryana HC)

Pardeep Kumar Vs Union Territory, Chandigarh and others (Punjab and Haryana HC) The order reverting the petitioner is vindictive. The petitioner has absolute right to get the information under the Right to Information Act. Seeking information under the Right to Information Act cannot put question mark on his integrity. The appellate order...

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MEIS benefit on Sal / Kokam Oil & Mango Butter (cultivated) notified

Public Notice No. 60/2015-2020-DGFT 17/12/2018

Sal Oil, Kokam Oil and Mango Butter (cultivated) have been made eligible for MEIS benefits at the rate of 5% for exports made with effect from the date of publication of this Public Notice....

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Extension of ad-hoc appointments of 222 Officers in ACIT grade

Office Order No. 211 of 2018 17/12/2018

F.No.A-32013/5/2016-Ad.V1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. The 17th December, 2018. Office Order No. 211 of 2018 In continuation of CBDT’s Office Order No. 196/2017 dated 13.11.2017, the President is pleased to extend the ad-hoc appointments of the ...

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West Bengal Taxation Laws (Amendment) Act, 2018

No. 2227-L.—17th December, 2018 17/12/2018

(1) This Act may be called the West Bengal Taxation Laws (Amendment) Act, 2018. (2) Save as otherwise provided, this section shall come into force with immediate effect, and the other provisions of this Act shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint and different dates ...

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SEBI proposes Early Warning Mechanism to prevent diversion of client securities

SEBI/HO/MIRSD/DOP/CIR/P/2018/153 17/12/2018

There have been instances where stock brokers had diverted clients’ securities received as collaterals towards margin obligations and / or settlement obligations, for raising loan against shares on their own account and / or for meeting securities shortages in settlement obligations on its own account. ...

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SEBI Reviews risk management framework for Equity Derivatives Segment

SEBI/HO/MRD/DRMNP/CIR/P/2018/155 17/12/2018

The Principles for Financial Market Infrastructures (PFMI) inter alia prescribe that a central counterparty (CCP) should identify and consider a number of elements, including Margin Period of Risk (MPOR) or close-out period, when constructing an appropriate margin system to address risks that arise from the products cleared. T...

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Foreign Exchange Management (Borrowing and Lending) Regulations, 2018

Notification No. FEMA 3(R)/2018-RB / G.S.R. 1213(E) 17/12/2018

1) These Regulations may be called the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. ii) They shall come into force from the date of their publication in the Official Gazette....

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