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Rate of exchange of conversion of foreign currency WEF 02.09.2016

September 15, 2016 3088 Views 0 comment Print

CBEC determines rate of exchange of conversion of each of the foreign currencies, into Indian currency or vice versa, with effect from 16th September, 2016,

Notification No. 120/2016-Customs (N.T.) Dated-15.09.2016

September 15, 2016 1618 Views 0 comment Print

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 120/2016-Customs (N.T.) New Delhi, 15th September, 2016 S.O.2945 (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied […]

Third Party Certification in Haryana by Practising Company Secretary

September 15, 2016 2320 Views 0 comment Print

Government of Haryana formulated the scheme of Third Party Certification vide its Notification No.11/38/2016-4Lab dated 10th August, 2016. The said scheme can be certified only by Compliance Auditor. Compliance Auditor are 1) The Practising Company Secretary, who is a member of the Institute of Company Secretaries of India as per Section 3 of the Company Secretary Act, 1980.

MCA notifies further sections to plug in missing gaps on NCLT’s power

September 15, 2016 2215 Views 0 comment Print

MCA vide its Notification dated 9th September, 2016,has enforced few more sections of the Companies Act, 2013. It is pertinent to note here that considering the MCA Notification dated 1st June, 2016[2], it seems that the current Notification has been brought in order to plug the missing gaps left after the June Notification.

ICAI creates Support-desk for implementation of Ind AS

September 15, 2016 2083 Views 0 comment Print

A number of issues are constantly being faced by the SMPs and companies in the implementation of Ind AS. In view of this, it has been decided to launch a Support-desk for implementation of Ind AS, so as to address the difficulties faced by the members and stakeholders as early as possible.

President constitutes Goods and Services Tax Council

September 15, 2016 5839 Views 0 comment Print

In exercise of the powers conferred by article 279A of the Constitution, the President hereby constitutes the Goods and Services Tax Council consisting of the following members, namely:-

Documentary requirement for securities held in physical mode

September 15, 2016 2038 Views 0 comment Print

1. For securities held in single name with a nominee:i. Duly signed transmission request form by the nominee.ii. Original or Copy of death certificate duly attested by a Notary Public or by a Gazetted Officer.iii. Self attested copy of PAN card of the nominee. (Copy of PAN card may be substituted with ID proof in case of residents of Sikkim after collecting address proof)

No more extension to banks for Issue of EMV Chip and PIN Cards

September 15, 2016 2299 Views 0 comment Print

Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions- Despite the extension of time given to banks in this regard, some banks have approached us seeking further extension of the time line for complying with the above instructions.

IDS 2016: Notice issued on or before 31.05.2016 but assessment completed- Eligibility?

September 15, 2016 8029 Views 0 comment Print

It is clarified that a declaration under the Scheme can be filed in respect of the assessment year for which notice under section 142(1)/143(2)/148/153A/153C has been served on or before 31.05.2016 but the proceedings have been completed and the period of filing declaration under the Scheme has not expired.

Corrigendum to Notification No. S.O.2380(E) dated the 12th July 2016

September 14, 2016 1450 Views 0 comment Print

S.O. 2943(E).-In the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O.2380(E) dated the 12th July 2016, PUBLISHED IN THE Gazette of India, Extraordinary, Part – II, Section 3, sub-section (ii) dated 12th July 2016.

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