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Notifications/Circulars

RBI Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector

August 1, 2016 21459 Views 0 comment Print

Some of the key aspects of the Guidelines include: (i) resident individuals and professionals having 10 years of experience in banking and finance at a senior level are also eligible to promote universal banks; (ii) large industrial houses are excluded as eligible entities but are permitted to invest in the banks up to 10 per cent

Reconstitution of Board of Trade (BoT)

August 1, 2016 21019 Views 0 comment Print

Attention is invited towards Trade Notice No 21/2015-2020 dated 23rd March, 2016 thereby Board of Trade has been re-constituted. In order to give appropriate representation to MSME sector, it has been decided to include the name of President, Laghu Udyog Bharti, New Delhi as Ex-officio member of BoT.

The Regional Centre for Biotechnology Act, 2016

July 30, 2016 20250 Views 0 comment Print

Whereas the objects of the institution known as the Regional Centre for Biotechnology are such as to make the institution one of national importance, it is hereby declared that the institution known as the Regional Centre for Biotechnology is an institution of national importance.

The Child Labour (Prohibition and Regulation) Amendment Act, 2016

July 30, 2016 22369 Views 0 comment Print

In the Child Labour (Prohibition and Regulation) Act, 1986 (61 of 1986) (hereinafter referred to as the principal Act), for the long title, the following shall be substituted, namely:—An Act to prohibit the engagement of children in all occupations and to prohibit the engagement of adolescents in hazardous occupations and processes and the matters connected therewith or incidental thereto.

The Lokpal and Lokayuktas (Amendment) Act, 2016

July 30, 2016 21976 Views 0 comment Print

’44. On and from the date of commencement of this Act, every public servant shall make a declaration of his assets and liabilities in such form and manner as may be prescribed.’.

No Ban on Journalists to attend & report Court Proceedings

July 30, 2016 20699 Views 0 comment Print

In the Joint Meeting of the Honourable the Acting Chief Justice and the Committee to formulate Code for the Press and Electronic Media in relation to Reporting of Court Proceedings in the High Court of Kerala, it was noted that there is need to make public the fact that there is no ban imposed on the Journalists from attending and reporting Court Proceedings.

Corrigendum to Excise Notification No. 26/2016-CE, dated 26.07.2016

July 29, 2016 22093 Views 1 comment Print

G.S.R. 749(E).—In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 26/2016-CE, dated the 26th July, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 728 (E), dated the 26th July, 2016, in column (3), the entry, namely,—

Income Tax return Due date extended to 05.08.2016

July 29, 2016 23134 Views 0 comment Print

CBDT, in exercise of powers conferred U/s. 119 of the Income-tax Act, 1961, hereby extends the ‘due-date’ for filing such returns of Income from 31st July, 2016 to 5th August, 2016, in case of taxpayers throughout India who are liable to file their Income-tax return by the said`due-date’

Income Tax Return filing date in Jammu & Kashmir extended

July 29, 2016 21157 Views 0 comment Print

CBDT extends the ‘due-date’ for filing Returns of Income from 31st July, 2016 to 31st August, 2016, in case of Income-tax assessees in the State of Jammu & Kashmir who are required to file their return under section 139(1) of the Act by the said ‘due date’

Full 7th pay commission Arrears to be paid with August salary

July 29, 2016 20144 Views 1 comment Print

The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from 01.01.2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable

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