Central Government hereby appoints 15th day of December, 2016 as date on which following provisions of Companies Act, 2013 (18 of 2013) shall come into force
These rules may be called Companies (Transfer of Pending Proceedings) Rules, 2016 and come into force with effect from 15th December, 2016, except rule 4
As you are aware. after notification of the Government on 08.11.2016 declaring the old high denomination currency notes of Rs. 1000/500 invalid from 09.11.2016, investigation Directorates have intensified enforcement actions in detecting serious irregularities, They arc, however, seriously handicapped because of non-availability of manpower.
1. (1) These rules may be called the Prevention of Money-laundering (Appeal) Amendment Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette.
As part of Customer Due Diligence Procedure, certified copies of officially valid documents for proof of identity and address are to be obtained while establishing an account based relationship;
Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network provided authentication solutions
1. (1) These rules may be called the Payment of Bonus (Amendment) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette.
Companies depositing amounts to IEPF under section 125 of the Companies Act, 2013 to :- (i) generate challan online only (ii) file form IEPF-1 mentioning the SRN No. of challan (online mode only).
It is observed that tax payers and professionals have not been able to keep up the pace with changes. As a result, a wide gap has emerged between initiatives undertaken by Income Tax Department and acceptance thereof in terms of practices by stake holders.
Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments
