"18 October 2019" Archive

Income Tax Department conducts Search on wellness group

On 16.10.2019, the Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a conglomerate of trusts and companies that run year-round wellness courses and training programmes in philosophy, spirituality, etc at various sprawling residential campuses in Varadaiahpalem in AP, and also in Chennai and Banga...

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Posted Under: Income Tax |

Resignation of statutory auditors from listed entities and their material subsidiaries

Circular No. CIR/CFD/CMD1/114/2019 (18/10/2019)

Resignation of an auditor of a listed entity / its material subsidiary before completion of the audit of the financial results for the year due to reasons such as pre-occupation may seriously hamper investor confidence and deny them access to reliable information for taking timely investment decisions....

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New Provision in Handbook of Procedure 2015-20 of cases referred to NCLT

Public Notice No. 39/2015-2020 (18/10/2019)

A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 for operational modalities to be followed for the cases referred to National Company Law Tribunal vide Public Notice No. 39/2015-2020 dated: 18th October, 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign ...

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New Provision in FTP 2015-20 of cases referred to NCLT

Notification No. 25/2015-2020-DGFT [S.O. 3752(E)] (18/10/2019)

A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 about the cases referred to the National Company Law Tribunal vide Notification No. 25/2015-2020 dated 18th October 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification N...

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Extend last date of filing of IEPF-1A under IEPF Rules, 2016: ICSI

Extension of last date for filing of Form No. IEPF - 1A under the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016...

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Posted Under: Income Tax | ,

Examination of Goods Without Registration At Docks -Reg

F. No. S/22-Gen-misc —/2019 -20/ AM (I)-JNCH (18/10/2019)

The Trade has reported that the bill of entry are not getting registered in Docks because of problem related to system. Therefore, keeping in view the problem related to system that the bill of entry are not getting registered for examination of goods, it has been decided that the docks officer will give permission for seal cutting and wi...

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CBDT invites application for prescribing eligible Section 269SU electronic payment mode

NA (18/10/2019)

FTS- 1275045/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **************************** New Delhi, dated 18th October 2019 NOTICE Prescribing of certain electronic modes of payment under Section 269SU of the Income-tax Act, 1961-Invitation for application In furtherance to the declared po...

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Draft Designs (Amendment) Rules, 2019

Notification No. G.S.R. 798(E) (18/10/2019)

1. These rules may be called the Designs (Amendment) Rules, 2019. 2. In rule 2 of the Designs Rules, 2001 (hereinafter referred to as the said rules), after clause (ea), the following clause shall be inserted, namely:-...

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Draft Patents (2nd Amendment) Rules, 2019

G.S.R. 799(E) (18/10/2019)

Draft Patents (2nd Amendment) Rules, 2019 to further amend the Patents Rules, 2003 which the Central Government proposes to make in exercise of the powers conferred by section 159 of the Patents Act, 1970, are hereby published as...

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Restriction of 20 percent for availing unmatched ITC – applicability

CBIC has recently issued notification no. 49/2019-CT dated 9 October 2019, through which sub-rule (4) has been inserted in section 36 of the Central Goods and Services Tax Rules, 2017. By virtue of the said insertion, a restriction has been imposed on the taxpayers for availing input tax credit (ITC). ITC of unmatched credits, can [&helli...

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Posted Under: Income Tax | ,