Para 7 of the Circular provides for submission of a certificate from an independent peer reviewed practicing Chartered Accountant certifying compliance as prescribed in the circular. It has now been decided that the certification as provided in Para 7 of the Circular dated December 31, 2015 may also be provided by an independent peer reviewed practicing Company Secretary.
The present Rule 55 of the Income Tax Rules, 1962, contain a condition that the Applicant has been practicing before the Income Tax Authorities for not less than one year on the date of application, which has been originally a suffix to the Clause (vii) in a metamorphose form. This has been creating the main hurdle being encountered by the first generation applicants aspiring to be Authorized Income Tax Practitioners.
Preferential Allotment means an issue of shares by a body corporate under Section 62 (1) (c) of the Companies Act, 2013. Relevant Date means a date 30 days prior to the date on which the general meeting of the Company is held in terms of Section 62(1) (c) of the Companies Act, 2013.
An Action Plan for Startup India to build a strong eco-system to nurture innovation and Startups in the country was launched on 16th January 2016. Salient features of the scheme are as follow:
We wish to inform that the following Standards on Cost Auditing (SCAs) have been forwarded during financial year 2015-16 to the Ministry of Corporate Affairs, Government of India for its approval in terms of proviso to section 148(3) of the Companies Act 2013. These SCAs have been approved by the Cost Auditing & Assurance Standards Board (CAASB) after considering the comments/ suggestions of stakeholders and subsequently also by the Council of the Institute.
The applicant who desires to settle the arrears in dispute in respect of the statutory orders passed for any period ending on or before 31st March 2012 shall submit correct and complete application on or before 30th September 2016, in Form-I, as specified in the order dated by the Commissioner u/ s 12(2) of the Settlement Act.
Maharashtra Govt. notifies form I to VIII under Maharashtra Settlement of Arrears in Dispute Act, 2016 related to Application for settlement of Arrears in disputes, Form of Defect Notice, Appeal against the order of rejection under sub-section (1) of section (7) of the Maharashtra Settlement of Arrears in Disputes Act, 2016, Order Of Settlement, Notice for Rectification of Mistakes, Application for Rectification of Mistakes, Order of Revocation, Notice for Review under the section 11 of the Maharashtra Settlement of Arrears in Dispute Act, 2016.
Press Information Bureau Government of India Ministry of Corporate Affairs 03-May-2016 17:48 IST CSR Spends on Swachh Bharat CESS As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is Rs. 10,000 crores. However, there is no proposal of the Government to mandate Corporates to set […]
CBDT has Vide notification no. 30/2016 dated 29-04-2016 extended Due date for payment of TDS on transfer of immovable property u/s 194IA to 30 days from existing 7 days. Section 194IA requires buyer of the Property to deduct 1% TDS while making payment to seller if consideration of the Property exceeds 50 Lakh Rupees.
This article throws light on the situation pertaining to the aspect of employee retention for basic start up business and businesses which are already established. Promoters today have huge cost of retention and gone are those days when people stay for 30-40 years in a company i.e from their young 20’s to their super annuation 60
