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Companies (Removal of Names of Companies from Register of Companies) Amendment Rules, 2017

April 12, 2017 3168 Views 0 comment Print

G.S.R. ….(E).- In exercise of the powers conferred by sub–sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016

Security Substitution Facility for term repos under Liquidity Adjustment Facility

April 12, 2017 666 Views 0 comment Print

As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017.

Service Tax (Settlement of Cases) Amendment Rules, 2017

April 12, 2017 5007 Views 0 comment Print

CBEC notifies form and rules for application for settlement of a case of Any Person under sub-section (5) of section 32E of Excise Act, made applicable to service tax vide section 83 of the Finance Act, 1994 (32 of 1994)

Amendment in RBI directions relating to IFSC Banking Units (IBUs)

April 10, 2017 975 Views 0 comment Print

The fixed deposits accepted from non-banks by the IBUs cannot be repaid pre-maturely within the first year. However, fixed deposits accepted as collateral from non-banks for availing credit facilities from IBUs or deposited as margin in favour of an exchange, can be adjusted prematurely in the event of default in repayment of the loan or meeting a margin call.

Lok Sabha passes Motor Vehicle Amendment Bill 2017

April 10, 2017 2001 Views 0 comment Print

THE MOTOR VEHICLES (AMENDMENT) BILL, 2017 A BILL further to amend the Motor Vehicles Act, 1988. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shal be construed as a reference to the coming into force of that provision.

Checklist relating to government business for internal / concurrent audit

April 7, 2017 1992 Views 0 comment Print

Internal inspectors/auditors may verify the agency commission claims submitted by branches and confirm their accuracy during the course of their inspection/audit. The following may be specifically examined during the course of internal/concurrent audit at agency bank branches:

President assents Mental Healthcare Act, 2017

April 7, 2017 2139 Views 0 comment Print

An Act to provide for mental healthcare and services for persons with mental illness and to protect, promote and fulfil the rights of such persons during delivery of mental healthcare and services and for matters connected therewith or incidental thereto.

Companies (Registration of Charges) Rules, 2017

April 7, 2017 6627 Views 0 comment Print

1. (1) These Rules may be called the the Companies (Registration of Charges) Rules, 2017. (2) They shall come into force from the date of their publication in the Official Gazette.

Taxation of liquor-Notification u/s 41(5) of MVAT Act- Corrigendum

April 6, 2017 957 Views 0 comment Print

Taxation of liquor–Notification u/s 41(5) of MVAT Act- corrigendum Notification No. VAT-1517/CR-28/Taxn-1 dated 6-4-2017

CBEC notifies Amendment in Import Policy of Raw Sugar

April 5, 2017 624 Views 0 comment Print

Raw Sugar upto an aggregate of five lakh metric tonnes of total imports of such goods- The rate of duty specified in column (4) shall apply to such quantity of imports for which an importer holds a Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by Directorate General of Foreign Trade in accordance with the procedure, as may be specified by Directorate General of Foreign Trade by a Notification or Public Notice as the case maybe.

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