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Disclosure of holding of specified securities and Holding of specified securities in dematerialized form

November 30, 2015 5702 Views 0 comment Print

CIRCULAR No. CIR/CFD/CMD/13/2015 Manner of representation of holding of specified securities- a. The holding of specified securities shall be divided into the following 3 categories viz. Promoter and Promoter Group, Public and Non Promoter Non Public.

S. 50C Bonafide transaction without alleged higher receipt not covered

November 30, 2015 2317 Views 0 comment Print

Section 50C will get attracted only when there exists difference on the sale consideration and assessed value for the purpose of stamp duty by the authority of a state government. Where there is no material evidence that the assessee had received more than the fixed component from the developer,

Addition for alleged suppression of production based on mere variation in electricity consumption not sustainable

November 30, 2015 1507 Views 0 comment Print

ITAT Pune held In the case of ACIT vs. M/s. Nilesh Steel & Alloys Pvt. Ltd. that the consumption of the electricity for the manufacture of mild steel ingots/billets depends on various factors like quality of raw material which is the major input, voltage of the supply

Newspaper employee/ union competent to invoke Section 27 of Working Journalist Act, 1955

November 30, 2015 1131 Views 0 comment Print

Newspaper employee/its union are competent to invoke Section 27 of the Working Journalist Act, 1955 for the amount due including for recommendation of Wage Board accepted by Government of India.

SEBI issue Formats for publishing financial results

November 30, 2015 19577 Views 0 comment Print

CIRCULAR No. CIR/CFD/CMD/15/2015 In order to enable investors to make well-informed investment decisions, timely, adequate and accurate disclosure of financial results on a periodical basis is critical. At the same time, to ensure comparability, uniformity and parity in disclosures made by listed entities across stock exchanges is essential.

How to make optimum preparation for CA exams

November 30, 2015 8228 Views 0 comment Print

Chartered Accountancy the first thought that comes to the mind is, it is very tough to clear the exams and this becomes evident by a look at the previous pass percentage results and what we get to hear from the people surrounding us. So, it is wise not to pursue for such a qualification as the odds of success are marginal.

Delhi HC restrains casansaar.com from continuing with infringement of copyrights

November 30, 2015 2948 Views 0 comment Print

In the case of Taxmann Allied Services Pvt. Ltd. Vs. Casansaar Web Solutions Pvt. Ltd. Honble Delhi HC granted ad interim injunction and restrained the defendant from continuing with the infringement of the plaintiff’s copyright in its editorial comments/case head notes.

External Commercial Borrowings (ECB) Policy – Revised framework

November 30, 2015 1759 Views 0 comment Print

As sufficient time has passed since the extant ECB framework was operationalised, a need was felt to undertake a review based on the experience gained in administering the ECB regime and the current financing ecosystem which, inter alia, allows issuance of Indian Rupee (INR) denominated bonds overseas by a wide set of borrowers.

Extension of Due Date for Filing Annual Return of Company to 30.12.2015

November 30, 2015 1250 Views 0 comment Print

In continuation of this Ministry’s General Circular 14/2015 dated 28.10.2015, keeping in view requests received from various stakeholders, it has been decided to relax the additional fees payable on e-forms AOC4, AOC (CFS) AOC-4 XBRL and e- Form MGT-7 upto 30.12,2015, wherever additional fee is applicable.

Non-compliance with listing obligations and SOP for suspension and revocation of trading of specified securities

November 30, 2015 3840 Views 0 comment Print

Circular No. CIR/CFD/CMD/12/2015 Accordingly, recognized stock exchanges shall use imposition of fines as action of first resort in case of such non compliances and invoke suspension of trading in case of subsequent and consecutive defaults. Accordingly, in order to maintain consistency and uniformity of approach the recognized stock exchanges shall follow the following procedure:

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