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Incorporation of wholly owned subsidiary in India

December 1, 2016 58459 Views 4 comments Print

In case of WOS of foreign company, foreign company wants to use same prefix as per their foreign company of incorporation of Indian company, NOC form the foreign company on their letter head required to use prefix.

Suggestions to Tackle Demonetization

December 1, 2016 14557 Views 2 comments Print

Demonetization has affected every Indian to some or large extent. Huge queues outside banks and post offices shows the merciful position of people of India. This drastic step has been taken by Government of India to tackle black money which is in abundance in Indian market and society.

In a writ of quo warranto, suitability of public officer cannot be gone into

December 1, 2016 3534 Views 0 comment Print

As a fallout and consequence of aforesaid discussion, the writ petition being sans substratum, deserves to be and is accordingly, dismissed at the admission stage itself leaving the parties to bear their own cost(s).

SEBI Review of guidelines for Co-location / proximity hosting facility offered by stock exchanges

December 1, 2016 1039 Views 0 comment Print

SEBI, in consultation with Technical Advisory Committee of SEBI (TAC), has reviewed the applicable provisions of the SEBI circular dated May 13, 2015 regarding guidelines to be followed by stock exchanges while facilitating co-location / proximity hosting, particularly with respect to the following

Reduction in Coupon Rate on 54EC Bonds from 6% P.A. to 5.25% P.A.

December 1, 2016 820 Views 0 comment Print

Application Money to be credited in NHAI’s Collection Accounts on or after 1st December 2016 will be 5.2 5% P.A. till maturity of bonds

Customs Rate of exchange of foreign currency WEF 02.12.2016

December 1, 2016 871 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.138/2016-CUSTOMS (N.T.), dated 17th November, 2016, except as respects things done or omitted to be done before such supersession

Encouraging usage of Debit Cards among Government employees

December 1, 2016 700 Views 0 comment Print

In the recent years advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number of small denomination transactions to be handled smoothly in electronic mode. The Government of India has taken policy decisions encouraging cashless/electronic transactions.

A bird’s eye view on Taxation Laws (Second Amendment) Bill, 2016

December 1, 2016 4657 Views 4 comments Print

To bring more clarity and to capture the possible concealing black money, The Taxation Laws (Second Amendment) Bill, 2016 (‘the Bill’) has been introduced in the Parliament to amend the provisions of the Act to ensure that defaulting assessees are subjected to tax at a higher rate and stringent penalty provision.

S.10(46) Income of Maharashtra Electricity Regulatory Commission notified

December 1, 2016 538 Views 0 comment Print

Central Government hereby notifies for Section 10(46) Maharashtra Electricity Regulatory Commission, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission

Taxation & Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016

December 1, 2016 4834 Views 0 comment Print

1. Any person may make a declaration in respect of any income, in the form of cash or deposit in an account maintained by the person with specified entityon or before 01.04.2017.

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