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Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015.

August 24, 2015 1484 Views 0 comment Print

1. Does the contra trade restriction (for a period not less than six months) under clause 10 of Schedule B of the Regulations also apply to the exercise of ESOPs and the sale of shares so acquired?

Differences between Company, LLP and OPC

August 24, 2015 5402 Views 0 comment Print

Differences between Public Limited Company, Limited Liability Partnership (LLP), Private Limited Company and One Person Company [OPC]

Killer Provisions of The Companies Act, 2013

August 24, 2015 2136 Views 0 comment Print

If economic activity and growth are analogous to a wheel, then provisions of section 185 and 188 of the Companies Act, 2013 are surely analogous to disc brakes!!! Efficiency of production requires efficient choice and free movement of resources. Ideally, economic models assume complete mobility of resources and perfect competition throughout the world, both of […]

MSMED Act, 2006 overview

August 24, 2015 129459 Views 10 comments Print

The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006 to address policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector. The Act seeks to facilitate the development of these enterprises and enhance their competitiveness.

CBEC should be in readiness to implement GST : FM

August 24, 2015 429 Views 0 comment Print

The Finance Minister Shri Arun Jaitley said that GST is a monumental reform that will benefit all segments of business, increase tax base, augment the revenues and is favoured by the State Governments and all other stake holders. He said that the Constitutional Amendment Bill will soon see the light of the day.

FMC – SEBI merger – Proposals for commodity derivatives exchanges and their members

August 24, 2015 465 Views 0 comment Print

The Board approved the draft amendment to the regulations to be notified on September 28, 2015 pursuant to the proposed repealing of the Forward Contracts Regulation Act, 1952 (FCRA) making way for merger of Forward Market Commission with SEBI. These regulations will enable functioning of the commodities derivatives market and its brokers under SEBI norms and integration of commodities derivatives and securities trading in an orderly manner.

Jurisdiction of ACIT or JCIT under Black Money Act

August 24, 2015 776 Views 0 comment Print

Notification No. 73/2015 – Income Tax Dated- 24th August 2015 Jurisdiction of Additional Commissioners of Income-tax or the Joint Commissioners of Income-tax under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Anti-dumping duty on imports of Phosphoric Acid

August 24, 2015 795 Views 0 comment Print

NOTIFICATION NO. 45/2015-Customs (ADD), Dated: August 24, 2015 Seeks to impose anti-dumping duty on the imports of Phosphoric Acid of all grades and all concentration (excluding Agriculture or Fertilizer grade), originating in or exported from Korea RP for a period of five years.

PTI notified as a news agency for the purposes of Section 10(22B)

August 24, 2015 878 Views 0 comment Print

Notification No. 72/2015 – Income Tax Income Tax Notification No. 72/2015 new Dated: 24-8-2015 The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2016-17 to 2018-19

FACE To FACE with the Ministry of Finance on Black Money Act

August 24, 2015 495 Views 0 comment Print

FACE To FACE With the Ministry of Finance, Government of India WORKSHOP ON the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 26th August, 2015 (4.30 PM to 7.00 PM) at ICAI Tower, Plot no. C40, G Block, BandraKurla Complex, Bandra (East), Mumbai As the members are aware, the Black […]

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