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Analysis of Offences and Penalties under FSS Act, 2006

June 6, 2016 16885 Views 1 comment Print

The Food Safety and Standard Act, 2006 (FSSA, 2006) is an Act which endeavor to keep with changing needs/ requirement of time and to consolidate the existing laws relating to food and to establish the pioneer body, Food Safety and Standard Authority of India in order to regulate the food industry in India.

Notification No. 81/2016-Customs (N.T.) Dated 06.06.2016

June 6, 2016 1558 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Notification No. 81/2016-Customs (N.T.) New Delhi, dated the 06rd June, 2016 S.O. (E). – In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962) and in supersession of order/notification as stated in […]

Extent of Tax payable by business entity on services provided by senior advocates

June 6, 2016 10342 Views 0 comment Print

Seeks to amend notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe extent of payment of service tax by a business entity as a recipient of services provided by senior advocates.

Business entity liable to service tax on services provided by senior advocates

June 6, 2016 5323 Views 0 comment Print

In relation to service provided or agreed to be provided by a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly, to any business entity located in the taxable territory, including where contract for provision of such service has been entered through another advocate or a firm of advocates, and the senior advocate is providing such services, the recipient of such services, which is the business entity who is litigant, applicant, or petitioner, as the case may b

CBEC notifies Tax Exemption on legal services provided by senior advocates

June 6, 2016 11128 Views 0 comment Print

CBEC exempted services provided by a senior advocate by way of legal services to- (i) any person other than a business entity; or (ii) a business entity with a turnover up to rupees ten lakh in the preceding financial year

Reg. Furnishing of AIR by State Electricity Agencies

June 6, 2016 1438 Views 0 comment Print

As per Rule 3 of said Rules, a State Electricity Board or an electricity distribution or transmission licensee under the Electricity Act 2003, or any other entity entrusted with such functions by the Central Government or State Government, who is duly authorised by such State Electricity Board or an electricity distribution or transmission licensee or other entity (hereinafter referred to as State Electricity Agency).

100 Companies in whose schemes investors should not invest

June 6, 2016 5668 Views 0 comment Print

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against certain entities and its Directors (listed below), carrying on unregistered CIS.

List of 235 Companies who violated Deemed public issue norms

June 6, 2016 4006 Views 0 comment Print

Under Companies Act, 2013, Private Placement shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe. Further, in case of private placements, the company shall not release any public advertisements or utilise any media, marketing or distribution channels or agents to inform the public at large about such an offer.

ICAI takes action against 4 Members for Misconduct

June 6, 2016 20923 Views 3 comments Print

ICAI has vide its Notifications dated 06th June 2016 notified the action taken for Professional and Other Misconduct rules against Ms. Sunita Shamsunder Narang (Membership No. 046574), Shri N. Sundararajan (Membership No. 021341),Shri D. Sundararajan (Membership No. 010150) and Shri Mahendra Kumar Hingar (Membership No. 071300).

Process to Upload Form 1 for Disclosure of undisclosed income

June 6, 2016 7759 Views 0 comment Print

To upload Form for Income Disclosure – Form 1, user should have a valid PAN and should be registered in e-Filing portal. A valid XML file should be generated using the JAVA Utility available under The JAVA utility of Form for Income Disclosure – Form 1 can be downloaded from the path Downloads – Forms (Other than ITR) – Form for Income Disclosure – Form 1.

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