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SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016

July 8, 2016 4357 Views 0 comment Print

43A. (1) The top five hundred listed entities based on market capitalization (calculated as on March 31 of every financial year) shall formulate a dividend distribution policy which shall be disclosed in their annual reports and on their websites. (2) The dividend distribution policy shall include the following parameters:

Amendment to Master Direction on KYC

July 8, 2016 1912 Views 0 comment Print

Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)- REs shall capture the KYC information for sharing with the CKYCR in the manner mentioned in the Rules, as required by the revised KYC templates prepared for ‘individuals’ and ‘Legal Entities’ as the case may be.

Long Term (Subordinated) Deposits (LTDs) – Review of guidelines

July 7, 2016 1540 Views 0 comment Print

Co-operative banks which are fulfilling the following criteria as per their latest audited financial statements may raise LTDs without prior approval of the Reserve Bank of India subject to the condition that the outstanding amount of LTD

Discontinuation of Reporting of Bank Guarantee on behalf of service importers

July 7, 2016 598 Views 0 comment Print

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to para no. 5 of the Master Direction No.8 dated January 01, 2016 on ‘Other Remittance Facilities’ in terms of which, AD Category-I banks

Revision of interest rates for Small Savings Schemes

July 7, 2016 2086 Views 0 comment Print

Please refer to our circular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated June 20, 2016, advised the revised rate of interest on various small savings schemes for the second quarter of the financial year 2016-17

Investigation related to Anti-Dumping Duties on ‘certain glass fibre

July 6, 2016 1084 Views 0 comment Print

Sunset Review investigation relating to Anti-Dumping Duties imposed on imports of ‘certain glass fibre and articles thereof’ originating in or exported from China PR

Appointment of ACIT Junior Scale to DCIT Senior Time Scale grade

July 6, 2016 2131 Views 0 comment Print

Notification No. 15 – Appointment of Assistant Commissioners of Income Tax (Junior Scale) to the grade of Deputy Commissioner of Income Tax (Senior Time Scale) – reg. Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi Dated: 6th July, 2016 Notification No. 15 The following Assistant Commissioners of […]

CBDT directs officials to not to disclose info received under IDS,2016

July 6, 2016 2059 Views 0 comment Print

Central Government having regard to all the relevant factors, hereby directs that no public servant shall produce before any person or authority any such document or record or any information or computerised data or part thereof as comes into his possession during the discharge of official duties in respect of a valid declaration made under ‘the Income Declaration Scheme, 2016’, contained in Chapter IX of the Finance Act, 2016 (28 of 2016).

Duty exemption to sugar exported under Advance Authorization Scheme

July 6, 2016 1528 Views 0 comment Print

(a) Exports are effected in proportion to the import of raw sugar against the said Advance Authorization; (b) Advance Authorization holder has not got the said Authorization invalidated;

Delhi Value Added Tax (Amendment) Act, 2016

July 5, 2016 4237 Views 0 comment Print

Notwithstanding anything contained in this Act to the contrary, the Government may by notification specify the goods on which a person shall pay tax in advance at the rates notified by the Government but not exceeding the rates applicable on such goods under this Act, when he imports such goods into the National Capital Territory of Delhi from a place outside India,

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