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5 regulations related to corporate insolvency resolution & liquidation

February 11, 2017 1146 Views 0 comment Print

IBBI issued five regulations to provide for regulation of service providers and enable implementation of provisions relating to corporate insolvency resolution and liquidation.

GST Impact Analyses on Indian Industry in General

February 11, 2017 7497 Views 1 comment Print

Article covers Supply Chain Management, Production & Distribution, Legal, Finance and Accounting, Job work & ISD (Input Service Distributor) and Structural Changes

Insolvency Resolution under Insolvency and Bankruptcy Code, 2016

February 11, 2017 2901 Views 0 comment Print

The Basic Idea of the proposed Insolvency and Bankruptcy Code, 2016 is that when an enterprise ( Individual, Firm, or Corporate Person) defaults, the control shifts to Committee of Creditors. They have specified time limit to evaluate proposals for resuscitating (rehabilitating) the enterprise or take to liquidation.

Harsh punitive against deviant Shell Companies: MOF

February 11, 2017 1443 Views 0 comment Print

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies […]

Cash Transaction 2016 – Frequently Asked Questions

February 11, 2017 16509 Views 3 comments Print

If the cash deposit amount displayed is not correct, how do I mention the correct amount? If the cash deposit amount displayed is not correct, please mention the correct amount under A.5. Such cases may be sent to the information source for confirmation.

Indian Institutes of Management Bill, 2017 introduced in Lok Sabha

February 10, 2017 624 Views 0 comment Print

THE INDIAN INSTITUTES OF MANAGEMENT BILL, 2017 is A BILL to declare certain Institutes of management to be institutions of national importance with a view to empower these instituions to attain standards of global excellence in management, management research and allied areas of knowledge and to provide for certain other matters connected therewith or incidental thereto.

GST- Simplified Meaning

February 10, 2017 3573 Views 0 comment Print

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.

ICAI to condone delay in submission of Form 112

February 10, 2017 13713 Views 0 comment Print

It is also notified that wherever any statement made by a student or member is found to be false or varying with the facts discovered during the scrutiny process or later at any stage, the student and/ or member concerned will be liable to be proceeded with in accordance with the provisions of the Chartered Accountants Act, 1949 and Rules/ Regulations framed thereunder.

Coverage of contract workers of MES under EPF & MP Act 1952

February 10, 2017 2691 Views 0 comment Print

It is intimated that MES issued instructions to their field functionaries for strict compliance. The address of CEs Command & ADG (OF & DRDO) is enclosed in the letter in Appendix ‘A’ who shall provide details of 5, A, B, C, D and E class contractors engaged by MES. ACC (Zones) are advised to contact any of such concerned Chief Engineer, Commands as given in Appendix ‘A’ in the first instance who will provide the data and issue directions to their subordinate field functionaries.

Public Notice No. 57/2015-2020, Dated: 10.02.2017

February 10, 2017 2373 Views 0 comment Print

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Director General of Foreign Trade hereby includes the following agencies in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20

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