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Notifications

Notification No. 35/2017-Income Tax, Dated: 28.04.2017

April 28, 2017 264 Views 0 comment Print

S.O. 1359(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Odisha Electricity Regulatory Commission, a commission constituted by the State Government of Odisha, in respect of the following specified income arising to that Commission, namely:—

Notification No. 34/2017-Income Tax, Dated: 28.04.2017

April 28, 2017 1755 Views 0 comment Print

CBDT notifies Shri Ram and Ramdas Swami Samadhi Temple (Mandir) & Ramdas Swami Math at Sajjangad Distt. Satara, Maharashtra, to be place of historic importance and a place of public worship of renown throughout the state of Maharashtra

CBDT notifies National Skill Development Agency U/s. 10(46)

April 28, 2017 786 Views 0 comment Print

Section 10(46) of Income Tax Act, 1961-CBDT notifies National Skill Development Agency, a body constituted by the Central Government in respect of the following specified income arising to that body,

Requirement of Net Owned Fund for Asset Reconstruction Companies

April 28, 2017 1566 Views 0 comment Print

No Asset Reconstruction Company shall commence or carry on the business of securitisation or asset reconstruction without having Net Owned Fund (hereinafter referred to as NOF) of not less than Rupees two crore or such other higher amount as the Reserve Bank may, by notification, specify.

NOF for ARCs shall be minimum Rupees One Hundred Crore

April 28, 2017 573 Views 0 comment Print

Reserve Bank of India hereby specifies that the Net Owned Fund (NOF) for Asset Reconstruction Companies (ARCs) shall be minimum Rupees One Hundred Crore on an ongoing basis with effect from the date of this Notification.

Govt servants to get Salary directly in bank Account

April 27, 2017 1584 Views 0 comment Print

All payments to Government servants, including salary payments, shall be made by electronically signed payment advices for direct credit to their bank accounts, subject to availability of banking facilities:

EPF: Medical certificate not required for advance for illness and to physically handicapped members

April 27, 2017 7980 Views 0 comment Print

A member would only be required to submit a self-declaration, which has already been included in the Composite Claim Form, to avail advance from the provident fund for illness in certain A member would no longer be required to submit any medical certificate or any other certificate or document or any proforma whatsoever to avail advance under paragraph 68-J.

IRDA (Appointed Actuary) Regulations, 2017

April 27, 2017 9876 Views 0 comment Print

An insurer registered to carry on insurance business in India shall, subject to sub-regulation (B) and sub-regulation (F) appoint an actuary, who shall be known as the ‘Appointed Actuary’ for the purposes of the Act.

RBI notifies Role of Chief Risk Officer (CRO)

April 27, 2017 1839 Views 0 comment Print

As part of effective risk management, banks are required, inter-alia, to have a system of separation of credit risk management function from the credit sanction process. However, it is observed that the banks follow diverse practices in this regard.

Govt mandates Aadhaar for UGC AICTE Fellowship

April 26, 2017 1014 Views 0 comment Print

Govt mandates Aadhaar for (i) Emeritus Fellowship; (ii) Dr. D.S. Kothari Post Doctoral Fellowship in Sciences;(iii) Post Doctoral Fellowship for Women; (iv) Dr. S. Radhakrishnan Post Doctoral Fellowship in Humanities and Social Sciences (Including Languages);

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