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Notifications/Circulars

Advance CASH Salary of Rs. 10000 to Non‑Gazetted Central Govt employees

November 17, 2016 1876 Views 0 comment Print

President is pleased to release part salary, in advance, amounting to Rs. 10,000/- (Rupees ten thousand) by 23rd November 2016 from the salary for the month of November 2016 in the form of cash pay out to all Non-Gazetted employees of Central Government.

Investment/trading in securities by employees of AMC(s) and Trustees of Mutual Funds

November 17, 2016 2041 Views 0 comment Print

A. Please refer to SEBI circulars dated May 08, 2001, June 20, 2002, July 11, 2003, December 15, 2009 and May 22, 2014, on the captioned subject. With an objective to bring about alignment of these SEBI circulars providing guidelines for Investment/Trading in Securities by employees of AMC(s) and Trustees with the principles laid down in SEBI (Prohibition of Insider Trading) Regulations, 2015

Govt declares Islamic Research Foundation as an unlawful association

November 17, 2016 1297 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 3 of Unlawful Activities (Prevention) Act, 1967 (37 of 1967), Central Government hereby declares Islamic Research Foundation to be an unlawful association;

MVAT- Settlement Act, 2016-Extension of time limit to 30.11.2016

November 17, 2016 2032 Views 0 comment Print

It has become necessary to give more time to dealers to amicably settle the disputes relating to payment and to facilitate compliance under the said Act, it is proposed to extend the said date upto 30th November 2016.

Amendment in Depreciation schedule of Companies Act

November 17, 2016 5704 Views 0 comment Print

For intangible assets, the relevant Indian Accounting Standards (Ind AS) shall apply. Where a company is not required to comply with the Indian Accounting Standards (Ind AS), it shall comply with relevant Accounting Standards under Companies (Accounting Standards) Rules, 2006.

Designation of Special Court at Meghalaya for company law offences

November 17, 2016 1108 Views 0 comment Print

High Court of Meghalaya, hereby designates the following Court as Special Court for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013, namely:-

Cash Exchange limit over counter reduced to Rs. 2000 from Rs. 4500

November 17, 2016 3880 Views 0 comment Print

It has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

Enough Cash is Available, RBI reassures

November 17, 2016 4195 Views 1 comment Print

Reserve Bank of India has said that consequent to the withdrawal of Legal Tender Character of existing ₹ 500 and ₹ 1000 Bank Notes, it has made arrangements to distribute the notes in new ₹ 2000 and other denominations across the country.

Major changes in FEM Regulations related to General/ Health Insurance and Life Insurance (LIM)

November 17, 2016 2632 Views 0 comment Print

The Memorandum of Foreign Exchange Management Regulations relating to General/Health Insurance (GIM) and Life Insurance (LIM) in India have also been suitably modified and are annexed at Annex I and Annex II, respectively.

Notification relaxing cash withdrawal for farmers & for Wedding

November 17, 2016 4876 Views 0 comment Print

For wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India.

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