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SEBI : Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 – Increasing the investment bucket for anchor investor and regulations concerning preferential issue norms

September 11, 2014 724 Views 0 comment Print

The revised sub-regulation (3) of regulation 43 on anchor investor allocation, shall be applicable to issuers filing offer documents with the Registrar of Companies on or after the date of notification of SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2014

GST – Amma wants Independent compensation mechanism for revenue losses suffered by States

September 11, 2014 2785 Views 0 comment Print

May I also reiterate my views that, before the enactment of the Constitutional Amendment Bill on GST is taken up, the Government of India should strive for a broad consensus on the important issues relating to GST like compensation period and methodology, revenue neutral rates, floor rates with bands, commodities to be excluded from GST, IGST Model and clarity on dual administrative control, so that the genuine apprehension of the States over loss of fiscal autonomy and permanent revenue loss are allayed?”

Criteria for Deceleration of Rank for CPT, IPC & CA Final Exams

September 11, 2014 11369 Views 0 comment Print

Declaration of a candidate of Common Proficiency Test (CPT), Intermediate (IPC) and Final examinations conducted by the Institute of Chartered Accountants of India (ICAI), as a rank holder. – (10-09-2014) 9th September, 2014 ICAI recognizes meritorious candidates in CPT, by ranking them on the basis of the aggregate marks obtained by them in CPT up […]

Procedure for Transmission of Shares under Companies Act, 2013

September 11, 2014 319162 Views 48 comments Print

CS Ankur Garg In my previous article I shared the procedure for Transfer of Shares under Companies Act, 2013. Now it is time to discuss Procedure for Transmission of Shares under Companies Act, 2013. Through this write up we shall discuss the meaning of Transmission of Shares and procedure to execute Transmission. The word ‘transmission’ […]

Beware: Every Year Start-Ups Lose More Than US $3 Billion!

September 11, 2014 1487 Views 0 comment Print

CA Paras Mehra Raghav Raj Raman, IT software engineer, with his friend started a business of providing designer, developer consultancies to various clients in India and abroad. They are skillful enough but still they are not able to earn much. Therefore, they decided to add a new partner to their business. They all agreed on […]

Delhi VAT – Regarding waiving off of penalty under the Amnesty Scheme

September 11, 2014 2230 Views 0 comment Print

It has been noticed that penalty imposed u/s 86(15) is not waived of in case of some dealers who have opted Amnesty Scheme. Penalty u/s 86(15) is imposed for preparation of records and accounts in a manner that is false, misleading or deceptive.

Transfers / Postings Of Assistant/ Deputy Commissioners of Income-tax – Order No. 154 of 2014

September 10, 2014 5133 Views 0 comment Print

ORDER NO. 154 OF 2014 The following officers in the grade of Assistant / Deputy Commissioner of Income Tax are, hereby, transferred and posted as indicated against names of each of them with immediate effect and until further orders:

Purchases cannot be treated as bogus for none traceability of suppliers

September 10, 2014 9710 Views 0 comment Print

The question pertains to the purchases made by the assessee-respondent. On account of unverifiable purchases, the Assessing Officer made additions to the tune of Rs. 1.27 crores. He was of the opinion that none of the parties could be located and therefore, such purchases were held to be bogus.

CA held guilty of professional misconduct for filing bogus form with ROC

September 10, 2014 9182 Views 0 comment Print

that the Economic Offences Wing of the Delhi Police, on the complaint of the complainant company had found that Sh. Sanjay Daksha, Sh. Sofi-ur­rehman, Sh. Binod Rajhans did not figure in the complainant company records before 8th March, 2004

Traces enables Online Correction functionality with enhanced features without Digital Signature

September 10, 2014 3457 Views 0 comment Print

Attention Deductors: The Online Correction functionality with enhanced features has been enabled “without Digital Signature” for Financial Year 2012-13 onwards. Digital Signature will be required only for PAN Corrections Tag/Replace Challan has been enabled on TRACES Details of manual and processed demands based on financial year are now available through a link on TRACES deductor […]

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