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Transfer of Shares to IEPF Authority

April 27, 2017 1845 Views 0 comment Print

All companies required to transfer shares to IEPF Authority under the aforesaid Rules shall transfer such shares, whether held in dematerialised form or physical form,to the demat account of IEPF Authority by way of corporate action.

10 Clarification on TRQ for Raw Sugar

April 27, 2017 750 Views 0 comment Print

This Office has received certain requests for clarifications on the TRQ for Raw Sugar as notified vide DGFT’s Notification No 1 & 2 dated 5th April, and I3th April. The same having been considered is clarified as under

Draft of clarifications to Ind AS 115 Revenue from Contracts with Customers

April 27, 2017 1083 Views 0 comment Print

Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

All Information about Composition Levy under GST

April 27, 2017 5409 Views 0 comment Print

Section 10 and its related draft composition rules of CGST bill talks about the composition levy. The basic principle underlying the composition scheme is, to minimize the burden of compliance for small taxpayers. There are around 8 million taxpayers that are expected to be migrated from the current laws into the GST regime

Draft Foreign Exchange Management (Cross Border Merger) Regulations, 2017

April 26, 2017 1479 Views 0 comment Print

The Reserve Bank today has placed on its website the draft guidelines proposed to be issued on cross border merger transactions pursuant to the Rules notified by Ministry of Corporate Affairs through Companies (Compromises, Arrangements and Amalgamation) Amendment Rules, 2017 on April 13, 2017.

Extension of due date for filing MVAT Returns in Maharashtra

April 26, 2017 5346 Views 0 comment Print

As per Trade Circular 9T of 2017 Dt. 01st April 2017, the dates of filing the returns for the monthly return for period March 2017 and the quarterly return periods of 1st October 2016 to 31st December 2016 and 1st January, 2017 to 31st March, 2017 were communicated to the Trade.

SEBI: Acceptance of Central Govt Securities by Clearing Corporations

April 26, 2017 882 Views 0 comment Print

Acceptance of Central Government Securities by Clearing Corporations towards Core Settlement Guarantee Fund (SGF) Contribution by Clearing Members

Sec. 12AA registration cannot be denied merely for having activities outside India

April 26, 2017 4197 Views 0 comment Print

On the facts and circumstances of the case, the learned Director of Income Tax (Exemption)has erred both on facts and in law in rejecting the application of the assessee for registration under Section 12A of the Income Tax Act, 1961.

ICAI Proposes amendments to IFRS 8 and IAS 34

April 25, 2017 903 Views 0 comment Print

Exposure Draft issued by IASB on Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) is for comments only. Comments on the Exposure Draft need to be received by May 26, 2017.

Withdrawal of FAQs on Revised Schedule VI to Companies Act, 1956

April 25, 2017 4251 Views 0 comment Print

ICAI withdraws Frequently Asked Questions on the Revised Schedule VI to the Companies Act, 1956 as issued by the Corporate Laws & Corporate Governance Committee in May, 2012.

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