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Guidelines for Appointment of Insolvency Professionals as Administrators under SEBI Rules

March 26, 2019 1356 Views 0 comment Print

Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. Insolvency and Bankruptcy Board of India 7′ Floor, Mayur Bhawan, Connaught Place New Delhi-110001 Tel: +91 11 23462849 E-mail: ritesh.kavdia@gov.in Web.: www.ibbi.gov.in File No. IP-12011/1/2019-IBBI 26th March, […]

EPFO to provide calculation sheet at the time of PF withdrawal

March 22, 2019 1308 Views 0 comment Print

In order to increase transparency in respect of provident fund settlement withdrawal and to reduce the confusion & grievances of the subscribers, it has been decided that calculation worksheet of provident fund withdrawal of each member is to be provided either on their registered mobile number or the Email ID provided in the claim form.

Stepping up of preventive vigilance mechanism by CBIC field formations during the 17th Lok Sabha election process — reg

March 18, 2019 999 Views 0 comment Print

All the formations and officers under your jurisdiction should be duly sensitised to step up the preventive vigilance mechanism to rule out illicit movement of currency and commodities;Suitable directions may be given to the formations and officers under your jurisdiction to conduct effective checking and surveillance during the election period to curb illegal activities;

Deputation of Indian Experts to Maldives in areas of financial crime, fraud investigation and money laundering -reg

March 18, 2019 993 Views 0 comment Print

Central Board of Indirect Tax and Customs is in the process of drawing a penal of Experts in the area of Financial Crime and Fraud Investigation, Money Laundering and Preventing Corruption for posting in the Maldives. The tenure of deputation is for one year.

Object of LLP is Mainly for professional services & not for manufacturing activity: MCA

March 6, 2019 19830 Views 0 comment Print

It has been stated that ‘object of LIP is Mainly for professional services and not manufacturing activity’ Further, it has also been stated that ‘conversion of company doing manufacturing activity into LLP should not be allowed’ and other conversions of Company to LLP are not to be allowed easily and the compliances should be checked prior to conversion.

Continuation of Credit Linked Capital Subsidy & Technology Up-gradation Scheme- Reg.

March 6, 2019 1860 Views 0 comment Print

The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC).

Writ Petitions on Safeguard Duty on ‘Solar cells whether or not assembled in modules or panels’ -reg

March 5, 2019 1071 Views 0 comment Print

Since number of petitions on similar issue have been filed in various High Courts throughout the country, the undersigned has been directed to request you that Hon’ble High Courts may please be apprised of the fact that the similar issue is sub-judice before the Hon’ble Supreme Court, so that any adverse interim/final order by the respective High Courts may be avoided.

Complete Assessment of case of substantial cash deposit during demonetisation by 30.06.2019

March 5, 2019 23676 Views 0 comment Print

SOP for handling of cases related to substantial cash deposit during the demonetisation period in which notice under section 142(1) of the Income-tax Act, 1961 has not been complied-regd.-

CBDT Revises Corporate Tax collection Targets for FY 2018-19

February 27, 2019 936 Views 0 comment Print

Revision of the target for collection of Corporation Tax from Rs.6,21,000 Crore to Rs. 6,71,000 Crore under Revised Estimates (RE), the region-wise revised targets for Corporation Tax fixed on the basis of current trends of growth and revenue potential of the regions, are as under: –

Assign vacant CIT(A) charges to CIT: CBDT instructs Pr. CCIT

February 27, 2019 615 Views 0 comment Print

In view of high pendency of B-1 to B-3 cases, the Principal Chief Commissioners of Income Tax (CCA) have been authorized by the Central Government to assign additional charges of vacant post of CsIT(A) under their jurisdiction to CsIT posted in their region for a period not exceeding 3 months or until further order, whichever is earlier to ensure speedy disposal of pending B­1 to B-3 category of appeals before CsIT(A).

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