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Make in India ‘Port and Shipping Sector’- Achievement Report

December 23, 2016 1348 Views 0 comment Print

The Indian maritime industry is an integral part of the country’s trade and commerce. It supports 90% of India’s trade by volume. India’s has a coastline of 7,517 kms with potentially navigable waterways of 14,500 kms. 12 major and 200 non-major ports are dotted along the coast.

Reporting of Cash Transactions under Rule 114E: Clarification

December 23, 2016 5887 Views 1 comment Print

Cash transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction.

Procedural Guidelines for Servicing Sovereign Gold Bonds

December 23, 2016 916 Views 0 comment Print

RBI/2016-17/193 IDMD No.1569/14.04.050/2016-17 December 23, 2016 All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd. (SHCIL) BSE & NSE Madam/Sir, Procedural Guidelines for Servicing the Sovereign Gold Bonds The Sovereign Gold Bond Scheme was launched by Government of India (GOI) on October 30, 2015. The Sovereign Gold Bonds (henceforth […]

RBI opens Office of Banking Ombudsman at Ranchi & Dehradun

December 23, 2016 2806 Views 0 comment Print

Reserve Bank of India has set up an Office of the Banking Ombudsman for the State of Jharkhand at Reserve Bank of India, Ranchi and at Dehradun.

Tax under PMGKY scheme can be paid in Old Demonetised notes

December 23, 2016 1792 Views 0 comment Print

Up to 30.12.2016 payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by RBI.

Financial Statements under Ind AS regime

December 23, 2016 7174 Views 1 comment Print

Recently Indian Government has announced IndAS for Indian Corporates, viz the big size corporates, but are we ready for it or our Investors have knowledge to understand the transactions recorded with it?

MCA revises Form INC-18, DIR-3 and MGT-14 WEF 17.12.2016

December 22, 2016 3643 Views 1 comment Print

Form INC-18- Application to Regional director for conversion of section 8 company into company of any other kind

SEBI advises Caution to Customers In the matter of PACL

December 22, 2016 1237 Views 0 comment Print

The Committee constituted by the SEBI under Chairmanship of Justice (Retd.) R. M.Lodha, Former Chief Justice of India for disposing of properties of Company viz. PACL Ltd, pursuant to order dated 02-Feb-2016 of Hon’ble SC in Civil Appeal No.13394/2015 titled PACL Ltd. Vs. SEBI and other connected matters, held its first meeting on 25.02.2016.

ICAI Code of Conduct for elected, Co-opted & Nominated Representatives

December 22, 2016 1063 Views 0 comment Print

This Code applies to elected and nominated members to the Council, Regional Councils and Managing Committees of Branches; and also to members nominated by the Institute to other bodies,

Special Deposit Scheme 1975 –Interest Payment for calendar year 2016

December 22, 2016 1375 Views 0 comment Print

Please ensure that interest for calendar year 2016 for Special Deposit Scheme 1975 is disbursed as per rates mentioned therein.

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