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ICAI reschedules CPT exam in Tamil Nadu, Pondicherry and Andhra Pradesh

December 7, 2015 770 Views 0 comment Print

It is hereby notified for general information that in view of heavy rains and consequent disruption of normal life in Tamil Nadu, Pondicherry and Andhra Pradesh, the CPT scheduled on 13th December 2015 (Sunday), in the said states stand rescheduled to 27th December 2015 ( Sunday).

Cost Body re-schedule exams in Tamil Nadu and Puducherry

December 7, 2015 546 Views 0 comment Print

Natural Calamity of severe magnitude has struck the states of Tamil Nadu and Puducherry. The normal life is severely affected. The student community and people at large are in great distress. In view of the above disastrous situation, the Institute has decided to reschedule the following examinations of December 2015 term to be held at Centre nos. 202, 206, 207, 209, 212, 213, 214, 217, 225, 238 & 239 of Tamil Nadu state and Centre no. 210 of Puducherry.

Initiation of safeguard investigation concerning imports of Hot Rolled flat sheets and plates

December 7, 2015 635 Views 0 comment Print

G.S.R. 938(E). Initiation of safeguard investigation concerning imports of Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel into India. An application has been filed before me on 28th October, 2015 under Rule 5 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 by M/S Steel Authority of India Limited, M/S Essar Steel India Limited, M/S JSW Steel Limited and M/S Jindal Steel & Power Ltd through M/S Lakshmi Kumaran & Sridharan Attorneys, New Delhi

ICSI solicit Views on Exposure Draft of Guidelines for Network amongst Firms of Company Secretaries

December 7, 2015 942 Views 0 comment Print

Introduction of Secretarial Audit, Annual return certification etc. under the Companies Act, 2013 has given a big boost the practice of Company Secretaries. At present Practising Company Secretaries are doing practice in the form of sole proprietorship firm or in form of partnership firm and only a few firms have 10 or more partners.

Implementation of GST –Impact on Job Market

December 5, 2015 18208 Views 0 comment Print

This analysis is all about impact of GST (Goods and Services Tax) on Indian economy in terms of job market. Before analyzing impact of GST on economy, we will have look on background and need of GST for India. Despite the success of VAT, there are still certain shortcomings in the structure of VAT, Both at the Centre and at the State level.

Quick Review of Model Goods and Services Tax Act, 2016

December 5, 2015 3065 Views 0 comment Print

This act may be called the Central GST Act, 2016 (CGST) / State GST Act, 2016 (SGST). It extends to the whole India. In case of SGST, to the respective state. CGST/SGST will be levied on all intra-state supplies of goods/ services. Goods mean every kind of moveable property other than actionable claim and money but includes securities, growing crops, grass and things attached to or forming part of the land which are agreed to be served before supply of under the contract of supply.

Allotment of residential accommodation to ITAT Members shall be dealt fairly and on priority

December 5, 2015 1033 Views 0 comment Print

The learned Additional Solicitor General has stated that the matter of allotment of residential accommodation to members of the ITAT shall be dealt with fairly and on a priority basis. We are of the view that the same principle should be followed for the future so as to obviate writ petitions being

Primary market debt offering through private placement on electronic book

December 5, 2015 732 Views 0 comment Print

SEBI notified the regulatory framework for issue and listing of corporate bonds through SEBI (Issue and Listing of Debt Securities) Regulations, 2008. This regulatory framework prescribed a disclosure based regime, whereas the earlier regime required mandatory investment grade rating for public issues. The total primary market issuance has increased from Rs.1,74,781 crore in 2008-09 to Rs. 4,13,558 crore in 2014-15.

All about Green Bonds In India

December 5, 2015 4814 Views 0 comment Print

A green bond is like any other bond where a debt instrument is issued by an entity for raising funds from investors. However what differentiates a Green bond from other bonds is that the proceeds of a Green Bond offering are ‘ear-marked’ for use towards financing ‘green’ projects.

Benefit of reduced penalty allowed if duty & interest paid within 30 days of communication of SCN/order – HC

December 5, 2015 7833 Views 0 comment Print

In the case of Principal Commissioner of Service Tax V/S Tops Security Ltd , it was held that an appellate authority cannot at the appellate stage give the option to an Assessee to pay the reduced penalty within a time that is beyond what is stipulated in the third proviso to Section 78 (1) of the Finance Act, 1994.

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