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SEBI issues Consultation Paper on Crowdfunding in India

June 19, 2014 1232 Views 0 comment Print

1.0 Introduction 1.1 This consultation paper aims to provide a brief overview of the global scenario of crowdfunding including the various prevalent models under it, the associated benefits and risks, the regulatory approaches in different jurisdictions etc. The paper also covers the extant legal structure governing the fund raising for start ups and SMEs in […]

e-voting Procedure for shareholders

June 19, 2014 1805 Views 0 comment Print

Normally, the company may provide e-voting facility through NSDL or CDSL as an alternative, for all the shareholders of the company to enable them to cast their votes electronically on the resolutions mentioned in the notice of the general meeting.

Infrastructure Finance Companies and ID-NBFCS to Issue Secured Debentures

June 19, 2014 580 Views 0 comment Print

Infrastructure Finance Companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCS) to Issue Secured Debentures The Ministry has decided to allow Infrastructure Finance companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCs) to issue secured debentures for a period up to thirty years. Similarly, Housing Finance companies have been allowed relaxed terms for maintaining Debenture […]

Rate of exchange of conversion of each of foreign currency WEF 20.06.2014

June 19, 2014 1849 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India

Anti dumping duty to continue om import from China of all kinds of plastic processing or injection moulding machines

June 19, 2014 1538 Views 0 comment Print

Anti-dumping duty on all kinds of plastic processing or injection moulding machines, also known as injection presses, having clamping force not less than 40 tonnes and not more than 1000 tonnes, originating in or exported from China PR, Notification No.28/2014-Customs(ADD), Dated- 19th June, 2014

Export and Import of Currency: Enhanced facilities for residents and non-residents

June 19, 2014 1070 Views 0 comment Print

In view of the evolving economic conditions and with a view to facilitating travel requirements of residents travelling aboard as well as non-residents visiting India, it has been decided to allow all residents and non-residents (except citizens of Pakistan and Bangladesh and also other travellers coming from and going to Pakistan and Bangladesh) to take out Indian currency notes up to Rs. 25,000 while leaving the country.

Share application money cannot be treated as loan for mere delay in allotment

June 19, 2014 3134 Views 0 comment Print

Assessee argued that the clear transactions involving payment of share application money cannot be treated as international transactions of loans given by the assessee company to its AE merely because there was a delay in allotment of shares.

Union Budget on 10th July 2014, Rail Budget on 8th July 2014

June 18, 2014 4297 Views 0 comment Print

As per News Received by us Union Government to Present Rail Budget on 8th July 2014 and Union Budget on 10th July 2014. Schedule of Budget Related Government Activities is as follows :- Budget 2014 session to begin on 7th July 2014, 8th July2014- Rail Budget, 9th July 2014-  economic. Survey, Union budget on 10th […]

ITR-5 for AY 2014-15- Who are required to file & mode of filing?

June 18, 2014 5878 Views 0 comment Print

1. Who can use this Return Form? This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall […]

Taxpayers helpless against rude or arbitrary behaviour of Tax officers – TARC

June 18, 2014 4431 Views 0 comment Print

Taxpayers express helplessness against rude or arbitrary behaviour of officers with little assigned accountability in practice: The continuing impact on the taxpayer who has been relegated to a position of helplessness is unprecedented internationally. The confusing, if not arrogant, environment that they have to face on a daily basis was reported by high finance officials […]

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