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ICSI Advisory For Members To Refrain From Unethical Practices

May 29, 2017 1881 Views 0 comment Print

Certain instances have been brought to notice where a member of the Institute is seen to assisting a company against the spirit of the related law. In such instances, a Company Secretary – though required to be on a whole time basis so as to be in a position to ensure compliance with various laws by the company concerned,

Company Secretaries can explore International Opportunities: ICSI

May 29, 2017 11208 Views 1 comment Print

A clear understanding has been arrived at with the ICSA-UK to the effect that an ICSA-UK member may transfer his membership inter se its various divisions. Accordingly, an ICSI member who has, and those who may after pursuing ICSA Course whereunder one is required to clear the following three papers, all other papers having been exempted in terms of the MoU :

Clarification regarding due date of transfer of shares to IEPF Authority

May 29, 2017 5571 Views 0 comment Print

The modalities for transfer/ transmittal of shares from companies accounts to the demat account of the IEPF Authority are being finalized with the depositories. IEPF Authority is considering to open special Demat account and till opening of demat accounts, the due date for transfer of shares stands extended. In view of this, a revised due date for transfer/ transmittal of shares shall be notified soon.

Maharashtra GST related laws (Amendments, Validation and Savings) Act, 2017

May 29, 2017 6078 Views 0 comment Print

This Act may be called the Maharashtra Goods and Services Tax related laws (Amendments, Validation and Savings) Act, 2017. AMENDMENTS TO THE MUMBAI MUNICIPAL CORPORATION ACT.

Online Filing of EPF Returns under New Software

May 29, 2017 5751 Views 0 comment Print

All the exempted Trusts are hereby advised to submit the pending online returns from October, 2016 till date. It is clarified that the return for the wage month March, 2017 is to be filed latest by 15th of May, 2017

Tobacco usage– Biggest culprit undermining all development efforts

May 29, 2017 855 Views 0 comment Print

Tobacco usage– a major hurdle undermining developmental gains worldwide, is the foremost preventable cause of premature morbidity/ mortality. Tobacco products contain nearly 5000-7000 toxic substances, the most dangerous being nicotine, carbon monoxide and tar. Cigarette, bidi, cigar, hookah, sheesha, tobacco chewing, clove cigarettes, snuff and e­cigarette are the commonly used forms.

Govt. revises retirement age for Presiding officers of SAT

May 29, 2017 2202 Views 0 comment Print

No person is qualified to be appointed as the Presiding Officer- (a) of the Securities Appellate Tribunal established under the Securities Exchange Board of India Act, 1992 (15 of 1992), unless he is, or has been, a judge of Supreme Court or Chief Justice of High Court or a Judge of High Court for at least seven years;

DVAT: Input tax credit on capital goods purchase used in process of sale of goods from storage

May 29, 2017 3273 Views 0 comment Print

Whether the applicant dealer is entitled to input tax credit on the purchase of capital goods used in the process of sale of goods from its storage facility at Bijwasan (Delhi)-provisions of section.

In absence of incriminating material found during search concluded assessments cannot be reopened U/s. 153A

May 28, 2017 2310 Views 0 comment Print

A perusal of the common order of the ITAT shows that it first dealt with one common ground raised by the Assessee in all its appeals which concerned the jurisdictional issue of the validity of the invocation of Section 153A of the Act by the Revenue. It was contended that for the AYs 2000- 01 […]

Trust for sole benefit of an individual can claim section 54F deduction

May 28, 2017 5904 Views 0 comment Print

Issue before us is as to whether the assessee trust, which is for the sole benefit of an individual, will be entitled to deduction u/s. 54F or not, when its status is that of A.O.P. As per Section 54F the benefits of this section is available to individual or Hindu undivided family (HUF). Hon’ble jurisdictional […]

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