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Rate of foreign currency exchange conversion wef 20th May 2016

May 19, 2016 1861 Views 0 comment Print

CBEC hereby determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 20th May, 2016,

Frauds in UCBs: Changes in Monitoring and Reporting mechanism

May 19, 2016 1537 Views 0 comment Print

On a review, it has been decided to change the fraud monitoring and reporting mechanism at the Regional Offices and Central Fraud Monitoring Cell (CFMC) of the RBI. Accordingly, henceforth:

Constitution of a Three Member Committee on Content Regulation in Government Advertising —Information reg.

May 19, 2016 922 Views 0 comment Print

As per the directions of Hon’ble Supreme Court of India, a Three Member Committee on Content Regulation in Government Advertising has been constituted by the Government of India (copy of the order is enclosed). The Committee comprises the following persons :

RBI aligns Rules for Investment in Credit Information Companies

May 19, 2016 1768 Views 0 comment Print

In case the investor in a Credit Information Company in India is a wholly owned subsidiary (directly or indirectly) of an investment holding company, the conditions as at (2) and (3) above will be applied to the operating group company that is engaged in credit information business and has undertaken to provide technical know-how to the Credit Information Company in India.

Documents to be filed by Patent Agent after electronic submission

May 18, 2016 742 Views 0 comment Print

The documents that are required to be submitted by the Patent Agent in original after filing them electronically as per the provisions of rule 6(1A) of the Patents (Amendments) Rules, 2016, are as under.: (a) The Authorization of Patent Agent or Power of attorney (under rule 135) (b) Proof of the right to make an application (under rule 10)

Form 61- Due Date Extension for quarter ending March, 2016

May 18, 2016 15472 Views 0 comment Print

It is decided that filling of all the fields in Form No.60 shall be considered to be mandatory in respect of transactions entered on or after 1.04.2016. It is also decided that online reporting of declarations in Form No. 61 for quarter ending March, 2016 may be done along with report for quarter ending September, 2016.

Govt designates Special courts U/s. 435 of Companies Act, 2013

May 18, 2016 3997 Views 0 comment Print

Central Government hereby, after obtaining the concurrence of the respective Chief Justices of the High Courts, designates the following Courts mentioned in the Table below as Special Courts for the purposes of trial of offences punishable under the Companies Act, 2013 with imprisonment of two years or more in terms of section 435 of the Companies Act, 2013,

Liability to pay tax on services by arbitral tribunal & its members

May 18, 2016 10993 Views 0 comment Print

Service Tax liability for services provided by an arbitral tribunal (including the individual arbitrators of the tribunal) shall be on the service recipient if it is a business entity located in the taxable territory with a turnover exceeding rupees ten lakh in the preceding financial year.

Commencement of section 2(29), 435 to 438 & 440 of CA, 2013

May 18, 2016 2908 Views 0 comment Print

S.O.1795 (E) Central Government hereby appoints the 18th day of May, 2016 as the date on which provisions of clause (iv) of sub-section (29) of section 2, sections 435 to 438 (both sections inclusive) and section 440 of the said Act shall come into force.

Reg. Testing of samples for presence of Azo Dyes on Textile Import

May 18, 2016 1546 Views 0 comment Print

Australia, Canada, Japan and South Korea have been added in the Appendix-2X under Foreign Trade Policy, 2015 – 20. In addition to countries already included herein, import of Textiles and Textile Articles from these countries is also exempted from testing of samples for presence of Azo Dyes.

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