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No Anti-dumping duty on Expanded Polypropylene beads & ter-polymer

July 5, 2016 1312 Views 0 comment Print

Seeks to amend notification No. 7/2016-Customs (ADD) dated 08.03.2016 so as to exclude Expanded Polypropylene beads and ter-polymer from the description of goods attracting anti-dumping duty GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 29/2016-Customs (ADD) New Delhi, the 5th July, 2016 G.S.R. (E).-In exercise of the powers conferred by sub-section (1) […]

Anti-dumping duty on Purified Terephthalic Acid including MTA & QTA

July 5, 2016 1444 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on Purified Terephthalic Acid including its variants Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA), originating in or exported from China PR, Iran, Indonesia, Malaysia and Taiwan, for a period of five years from the date of imposition of provisional anti-dumping duty GOVERNMENT OF INDIA MINISTRY OF […]

Revised Formats for Financial Results & Ind-AS Implementation by Listed Entities

July 5, 2016 9592 Views 0 comment Print

The existing formats prescribed in SEBI Circular dated November 30, 2015 for Unaudited/Audited quarterly financial results i.e. Statement of Profit and Loss and the Unaudited/Audited Half-Yearly Balance Sheet to be submitted by the listed entities, with the stock exchanges, shall continue till the period ending December 31, 2016.

HUF as partner in partnership firm vis-à-vis Income Tax Act

July 5, 2016 100408 Views 1 comment Print

The Hon’ble Supreme Court in Ram Laxman Sugar Mills vs. CIT [1967] 66 ITR 613 observed that a HUF is undoubtedly a Person with in the meaning of section 2(31), it is however not a juristic person for all purposes and cannot enter in to an agreement of partnership either with another HUF or Individual.

Master Direction on Risk Management & Inter-Bank Dealings

July 5, 2016 6223 Views 0 comment Print

All of the above govern the Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks and Inter-Bank Foreign Exchange Dealings etc. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

Notification No. 95/2016-Customs (N.T.) dated 05th July, 2016

July 5, 2016 1189 Views 0 comment Print

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Gold and Sliver – 95/2016 -Customs (N. T.) Dated 5-7-2016

Brief Insight on Incorporation of One Person Company

July 5, 2016 3421 Views 4 comments Print

To encourage any recognized form of business at an individual level and to overcome any disputes and non-meeting of minds in case of other forms of registered businesses with two or more persons, a new concept of One Person Company (OPC) has been introduced by the Companies Act, 2013.

Secretarial Standard-1 (Compliances for Meetings of Board of Directors)

July 5, 2016 9790 Views 1 comment Print

Secretarial Standard-1 (SS-1) is applicable on all Companies registered & incorporated under the Companies Act, 2013 & other previous laws except One Person Company. The effective date of enforcement of this standard is 1st July, 2015.

Share Certificates- Section 46 of Companies Act 2013

July 5, 2016 23242 Views 1 comment Print

A certificate issued under the Common Seal , if any, of the Company or signed by 2 Director or by a Director or a Company Secretary, wherever the Company has appointed a Company Secretary, specifying the shares held by the person , shall be prima facie evidence of the title of the person to such shares.( Bare Act Language).

Change in CA syllabus under Revised Education & Training Scheme

July 4, 2016 6361 Views 0 comment Print

Number of queries are being received from the students with respect to the proposed change in the curriculum of Education and Training of CA course as to what will happen if registration is done under the Existing Scheme.

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