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Kapol Co-operative Bank under RBI Scanner; Withdrawal restricted to Rs. 3000

March 31, 2017 1491 Views 0 comment Print

The Kapol Co-operative Bank Ltd will, without prior approval in writing from the Reserve Bank, also not able to grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise,

IBBI (Information Utilities) Regulations, 2017

March 31, 2017 13755 Views 0 comment Print

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. (2) These Regulations shall come into force on 1st April, 2017.

PMGKY deceleration filing due date extended to 10th April 2017

March 31, 2017 2934 Views 1 comment Print

CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under Scheme, in banks by closing hours of 31st March, 2017, he shall be allowed to file declaration in Form 1 under PMGKY Scheme by 10th of April, 2017.

Analysis of MCA Amendment for Disclosure of Specified Bank Notes in Final Accounts & Auditors Report

March 31, 2017 9069 Views 5 comments Print

With a view of curbing Black Money in the economy the Ministry of Finance by its notification dated 08.11.2016 had discontinued the then Rs. 500 & Rs. 1000. Still various corporate were found to be involved in transactions which were illegal in nature.

Denouncing the Contemptuous acts of Advocates

March 31, 2017 2154 Views 0 comment Print

In a case, where the attitude of a lawyer is contemptuous, the Court may initiate the proceeding for contempt against the lawyer and restrain him from appearance. In Supreme Court Bar Association v. Union of India29, the Supreme Court held as under

Posting of ACIT (Probationers) on completion of training at NADT

March 31, 2017 1581 Views 0 comment Print

Order No. 45 of 2017 – Posting of Assistant Commissioners of Income Tax (Probationers) on completion of training at National Academy of Direct Taxes (NADT) – reg.

CBDT promotes 8 Asst. Director(s) in the grade of Dy. Director(s)

March 31, 2017 2631 Views 0 comment Print

The President is pleased to order that following Assistant Director (Systems) be promoted to the grade of Deputy Director (Systems) in Pay Band 3, Rs.15,600-39,100/- plus Grade Pay of Rs. 6600/-, (as per 6th Pay Commission) with effect from 01.04.2017 or the date of their joining in the higher grade, whichever is later, until further orde

Compilation of various Public Notices related to Direct Port Entry Procedure

March 31, 2017 1350 Views 0 comment Print

There has been request from various stakeholders for issue of compilation of such Public Notices issued in relation to Direct Port Entry (DPE) Procedure. Accordingly, brief about each Public Notice is given below in tabular form:

Rate of interest on small savings scheme w.e.f. 01.04.2017

March 31, 2017 2979 Views 0 comment Print

Rates of interest on various small savings schemes for the first quarter of financial year 2017-18 starting on 1st April, 2017 and ending on 30th June,2017, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

Procedure for clearance of export cargo categorised as Hazardous Goods

March 31, 2017 9780 Views 0 comment Print

It has been noticed that Containers declared to be containing Hazardous cargo are allowed Direct Port Entry without examination, even if RMS Instructions are for Open & Examination.

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