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Archive: 05 April 2019

Posts in 05 April 2019

Registration u/s. 12AA cannot be denied merely for running medical shop inside hospital

April 5, 2019 2028 Views 0 comment Print

St. Barnabas Hospital Vs C.I.T (Exemption) (ITAT Ranchi)  We note that the society trust was maintaining Pharmacy medical shop inside the hospital, which was for in-house consumption of medicines and treatment packages and for the urgent need of medicines to in-house patients. We note that the objects of the society were not doubted by the […]

Section 12AA registration cannot be denied merely because assessee claimed exemption u/s 10(23C)

April 5, 2019 1557 Views 0 comment Print

CIT (E) Vs M/s Beant College of Engineering & Technology (Punjab and Haryana High Court) The Tribunal while dealing with the objection of the CIT(E) that the assessee had been claiming exemption under Section 10(23C)(iiiad) of the Act and, therefore, should not have filed the application under Section 12AA of the Act, had noticed that […]

Scale of Fee for application for reimbursement of benefits under TMA

April 5, 2019 972 Views 0 comment Print

Scale of Fee for application for reimbursement of benefits under Transport and Marketing Assistance (TMA) notified. PUBLIC NOTICE NO. 02/(2015-2020)

Exposure Draft of Revised Guidance Note on Division II- Ind As Schedule III to Companies Act, 2013

April 5, 2019 4350 Views 0 comment Print

Following is the Revised Guidance Note on Division II – Ind AS Schedule III to the Companies Act, 2013 issued by the Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India, for comments.

Builder/Promoter and agent : Functions and Duties under RERA

April 5, 2019 3201 Views 0 comment Print

 Functions of Real Estate Agent (Sec. 10) The Real Estate (Regulation and Development Act, 2016) Every real estate agent registered u/s 9 shall:- a) Not facilitate the sale or purchase of any plot, apartment or building, in a real estate project or part of it, being sold by the promoter in any planning area, which […]

Draft Guidance Note on Division I – Non Ind AS Schedule III

April 5, 2019 3066 Views 0 comment Print

Following is the Exposure Draft of the Guidance Note on Division I – Non Ind AS Schedule III to the Companies Act, 2013 issued by the Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India, for comments.

Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

April 5, 2019 846 Views 0 comment Print

Date : Apr 03, 2019 RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934 The Reserve Bank of India today released Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions 2019. Comments on the draft directions are invited from banks, market participants and other interested parties by […]

Governor’s Statement on Framework for Resolution of Stressed Assets

April 5, 2019 498 Views 0 comment Print

Reserve Bank of India will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets.

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019

April 5, 2019 2847 Views 0 comment Print

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019 shall come into force on the date of their publication in the Official Gazette.

Recruitment of 40 Chartered Accountants with IDBI Bank

April 5, 2019 1326 Views 0 comment Print

IDBI Bank invites online applications from eligible Indian citizens for the below mentioned posts. Candidates fulfilling required eligibility criteria may apply On-line through the link given in Bank’s website www.idbi.com.

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