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SEBI Master Circular for Stock Exchange and Clearing Corporation

December 16, 2016 4792 Views 0 comment Print

SEBI has been issuing various circulars/directions from time to time. In order to enable the users to have an access to all the applicable circulars/communications at one place, Master Circular in respect of Stock Exchange & Clearing Corporation has been prepared.

Producer Company- Provisions applicable under Companies Act, 2013

December 16, 2016 5251 Views 1 comment Print

active Member means a member who fulfils the quantum and period of patronage of the Producer Company as may be required by the articles

A Very Useful Online Tool for Budgeting and Tax Returns

December 16, 2016 2821 Views 0 comment Print

Managing your personal finances and tax returns can be quite tedious, but many people have turned to themselves in order to avoid spending unnecessary funds. The majority of documents needed for such tasks can be created using Microsoft’s Excel, because of its resourceful and versatile nature.

Applicability of Principles of Financial Market Infrastructures on Commodity Derivatives Exchanges

December 16, 2016 949 Views 0 comment Print

The PFMIs comprise of 24 principles for Financial Market Infrastructure to provide for effective regulation, supervision and oversight of FMIs.

SEBI cautions public on unsolicited calls/ SMS

December 16, 2016 859 Views 0 comment Print

It has come to notice of SEBI that many entities have been luring investors through unsolicited calls/SMS and assuring guaranteed profits on the trading tips provided by them.

Digital transactions, not a substitute, for cash transactions: FM

December 16, 2016 1363 Views 1 comment Print

FM Says that digital transactions are a parallel mechanism, not a substitute, for cash transactions; less cash can be gradually substituted through digital payments

4 Steps by govt to popularize use of RTI Act

December 16, 2016 1765 Views 3 comments Print

As per the Right to Information (RTI) Act, 2005, all citizens shall have the right to information. Further, RTI Act provides for setting out the practical regime of right to information for citizens to secure access to information under the control of public authorities, in order to promote transparency and accountability in the working of every public authority.

Cabinet approves Renewal of MoU between ICAI and CBFS, Oman

December 16, 2016 955 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval of the MoUs signed in 2008 and 2011 and the renewal of Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and College of Banking and Financial Studies (CBFS), Oman.

Taxation Laws (Second Amendment) Act, 2016 get President’s assent

December 15, 2016 9652 Views 2 comments Print

Taxation Laws (Second Amendment) Act, 2016 / Taxation and Investment Regime For Pradhan Mantri Garib Kalyan Yojana, 2016 received assent of President on 15th December, 2016.

Salary of non-resident for services rendered abroad is not taxable in India

December 15, 2016 3096 Views 0 comment Print

It is not disputed that the petitioner as a marine engineer had rendered services outside India for the period of 286 days. He has received his remuneration for such work from a foreign company. Consequently, the income received by the petitioner for services rendered outside India has to be considered as income received out of India and treated as such.

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