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MCA notifies 6th tranche of 22 Sections under Bankruptcy Code

December 9, 2016 1453 Views 0 comment Print

Central Govt appoints 15.12.2016 as the date on which provisions of section 33 to section 54 of Insolvency and Bankruptcy Code, 2016 shall come into force.

Prepaid Payment Instrument issuers to get Technical Audit done: RBI

December 9, 2016 1270 Views 0 comment Print

All authorised entities/banks issuing PPIs in the country are advised to: i. carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis and take immediate steps thereafter to comply with the findings of the audit report

Revised Procedure to tender & settle shares through Stock Exchange

December 9, 2016 1039 Views 0 comment Print

Under revised procedure transfer of shares of shareholders under tender offers would be made directly to account maintained by clearing corporation.

MCA achievements for the month of November, 2016

December 9, 2016 982 Views 0 comment Print

The Ministry, vide notification no. S.R. 1049(E) dated 07.11.2016, has amended Companies (Registration Offices and Fees) Rules, 2014, allowing certification of AOC-4 by Company Secretaries and Cost Accountants also in addition to Chartered Accountants.

Amalgamation and Winding Up cases to be transferred to NCLTs

December 9, 2016 2137 Views 0 comment Print

MCA, vide notification no. S.O. 3677(E) dated December 7, 2016 has notified some existing sections of the Companies act 2013, which shall come into force from December 15,.2016.

Incorporation of Private Ltd. Company through SPICE Route for Startups

December 9, 2016 2947 Views 2 comments Print

SPICE Stands for Simplified Proforma for Incorporating Company electronically) Company may be incorporated through TWO ROUTE: 1. Through INC-1, INC-7, DIR-12 and INC-22. 2. Though INC-32 (The Option for Name Reservation is available by filing INC-1) , INC-33 and INC-34

Presence of percentage of narcotic drug or psychotropic substance in composition of medicine can-not be calculated separately

December 9, 2016 2235 Views 0 comment Print

This is the first bail application filed under Section 439 of the Code of Criminal Procedure for grant of regular bail to the applicant who has been arrested in connection with Crime No. 113 of 2016 registered at Police Station- Kusmunda, District Korba (C.G.) for the offence punishable under Section 22 of NDPS Act.

Remedy available under Consumer Protection Act, 1986 is additional remedy

December 9, 2016 10218 Views 0 comment Print

The remedy available under the Consumer Protection Act, 1986 is an additional remedy for consumers and not in derogation of remedy available under Section 8-B of the Indian Telegraph Act, 1885.

Indirect tax assessments will not be reopened for mere increase in Sales

December 9, 2016 3049 Views 1 comment Print

An apprehension has been raised that increased turnover on account of use of digital means of payment may lead to demands for earlier period. It is hereby clarified that in indirect taxes, past assessments will not be reopened for this reason alone.

EPFO to Introduce next version of Electronic Challan cum Receipt

December 8, 2016 4657 Views 0 comment Print

EPFO is in the process of launching next version of ECR in the month of December, 2016. The revised ECR is a part of the Unified Portal which has Online Registration of Establishments (OLRE) and Universal Account Number (UAN) as its other two components.

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