Major recommendations of the Committee include, inter-alia, the following: It would be desirable to conduct a review of the CSR provision of the Act after three years. Ceiling on administrative overhead cost should be increased from 5% to not more than 10% of the CSR expenditure. Definition of the term “net profit” used under the Act and Rules need to be clarified
MCA has ordered investigations through SFIO U/s. 235 of the Companies Act, 1956 and Section 212 of Companies Act, 2013 into affairs of 187 companies (as on 13-04-2016) against whom complaints had been received regarding alleged collection of funds through MLM/ Ponzi activities from the people in different States of the country.
As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public on export and import trends of India the Minister of State for Commerce & Industry (I/C) Smt. Nirmala Sitharaman launched here today a dashboard on EXIM Analytics. This is a portal developed by the Directorate General of Commercial Intelligence and Statistics, at the instance of the Ministry.
SEBI notified Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, (hereinafter referred to as ‘SECC’ Regulations, 2012) on June 20, 2012 to regulate recognition, ownership and governance in Stock Exchanges and Clearing Corporations.
The Auditing and Assurance Standards Board of ICAI has brought out Guidance Note on the Companies (Auditor’s Report) Order, 2016 for the benefit of the members. The Guidance Note was initially developed by three expert groups constituted by the Board for this purpose and thereafter finalised with the contribution of all the members of the Board and the Council.
CBEC hereby appoints Commissioner of Customs, Nhava Sheva-IV, Mumbai Zone-II, Jawaharlal Nehru Custom House, Taluka-Uran, District-Raigad (Maharashtra) to act as a Common Adjudicating Authority to exercise the powers and discharge the duties conferred or imposed on the officers mentioned in Column (4), in respect of the show cause notices mentioned in Column (3) of Table for the purpose of adjudication thereof
CBEC hereby appoints Commissioner of Customs, Nhava Sheva-IV, Mumbai Zone-II, Jawaharlal Nehru Custom House, Taluka-Uran, District-Raigad (Maharashtra) to act as a Common Adjudicating Authority to exercise powers and discharge duties conferred or imposed on officers mentioned in column (3) of Table below in respect of cases mentioned in column (2) of the Table for purpose of adjudication of show cause notices mentioned herein, namely:-
Central Board of Excise and Customs hereby appoints the Additional Director General(Adjudication), Directorate of Revenue Intelligence, Delhi to act as a Common Adjudicating Authority to exercise the powers and discharge the duties conferred or imposed on the officers mentioned in Column (4) of the Table, in respect of the show cause notices mentioned in Column (3) of the Table given below for the purpose of adjudication thereof
The amended ANF 3C- Application for on line filing of Grant of Status Certificate is notified to include the current and previous three year to give effect to the amendment made in Para 3.20(b) of FTP vide Notification No.4 /2015-20 dated 29th April 2016.
Government of NCT of Delhi, do hereby direct that the requirement to furnish return with digital signatures in accordance with the provisions of the Information Technology Act, 2000 shall be for the tax period commencing from 1st April, 2016 and subsequent tax periods.
