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Govt. mandates Aadhaar for AC&ABC Scheme

March 23, 2017 1056 Views 0 comment Print

G.S.R. 278(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly in a convenient and seamless manner and Aadhaar obviates the need for producing multiple documents to prove one’s identity

‘Relevant date’ for computing Price for issue of shares to a select group of shareholders

March 23, 2017 1302 Views 0 comment Print

Para 8 of the aforesaid circular provides that the pricing provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 shall be followed in case of issuance of shares to a select group of shareholders or shareholders of unlisted companies pursuant to such schemes. It is now clarified that the ‘relevant date’ for the purpose of computing pricing shall be the date of Board meeting in which the scheme is approved.

Designation of Special Court for Telangana & Andhra Pradesh under Companies Act, 2013

March 23, 2017 3489 Views 0 comment Print

Chief Justice of the High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh hereby designates the following Courts mentioned in the Table below as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said Act, namely:-

Substitution of ICSI and ICAI nominee on NACAS

March 23, 2017 1350 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), hereinafter referred to as the said Act, the Central Government hereby makes the following further amendments in the notification of the Government of India

CBDT notifies third Protocol amending India – Singapore DTAA

March 23, 2017 2385 Views 0 comment Print

Third Protocol amending the Agreement between the Government of the Republic of India and the Government of the Republic of Singapore for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed at New Delhi on the 30th day of December, 2016 (hereinafter referred to as the Third Protocol);

Determination of pensionable salary exceeding statutory wages ceiling

March 23, 2017 29328 Views 4 comments Print

Allowing members of the Employees’ Pension Scheme, 1995 the benefit of the actual salary in the Pension Fund exceeding wage limit of either Rs. 5000/- or Rs. 6500 per month from the effective date respectively as per the Hon’ble Supreme Court’s order in SLP No.33032-33033 of 2015

Case against two SBI officials for alleged violation of RBI guidelines

March 23, 2017 1467 Views 0 comment Print

It was alleged that during the period between 15.11.2016 and 25.11.2016, the Senior Special Assistant and Deputy Manager (Operations) of State Bank of India entered into a criminal conspiracy while the restrictions on distribution of currency notes due to demonetization were in force.

KVAT: Discounts received via Credit Notes are Part of Sales Turnover

March 23, 2017 8409 Views 0 comment Print

This writ petition is filed challenging Exts.P5 and P5(a) assessment orders under KVAT Act, 2003 for the assessment years 2009-10 and 2010-11 completed under Section 25(1) of the Act. Though the impugned orders are appealable, according to the petitioner

CBDT notifies rules for Authentication of online notices & documents

March 23, 2017 7239 Views 0 comment Print

127A. Authentication of notices and other documents- (1) Every notice or other document communicated in electronic form by an income-tax authority under the Act shall be deemed to be authenticated,-

Buying a car? Find out how GST affects you

March 22, 2017 5295 Views 1 comment Print

Looks like prospective car buyers are going to have to consider more factors than just make and model or gas mileage before investing in a car once the Goods and Services Tax is implemented this year. Experts are of the opinion that one of the major beneficiaries of the one country, one tax rule will be the domestic automobile sector in India.

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