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Notifications

CBDT notifies authority for section 138(1)(a)(ii) of Income Tax Act, 1961

December 16, 2016 6961 Views 1 comment Print

CBDT specifies Joint Secretary (Marketing), Ministry of Petroleum and Natural Gas, Government of India, for the purposes of section 138(1)(a)(ii)

Taxation Laws (Second Amendment) Act, 2016 get President’s assent

December 15, 2016 9187 Views 2 comments Print

Taxation Laws (Second Amendment) Act, 2016 / Taxation and Investment Regime For Pradhan Mantri Garib Kalyan Yojana, 2016 received assent of President on 15th December, 2016.

IBBI (Liquidation Process) Regulations, 2016

December 15, 2016 18649 Views 0 comment Print

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. (2) These Regulations shall come into force on the date of their publication in the Official gazzate.

NCLT (Procedure for reduction of share capital of Company) Rules, 2016

December 15, 2016 31837 Views 1 comment Print

These rules may be called National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016 and applicable from 15.12.2016.

SEBI (Employees’ Service) (Second Amendment) Regulations, 2016

December 15, 2016 829 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Employees Service) (Second Amendment) Regulations, 2016.

Comply with Master Direction on KYC norms: RBI

December 15, 2016 1192 Views 0 comment Print

(i) ection 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and submit quarterly audit notes and compliance to the Audit Committee

Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

December 14, 2016 61249 Views 1 comment Print

These rules may be called the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016 applicable from 15th December 2016.

MVAT: Delegation of Powers to Additional Commissioners

December 13, 2016 634 Views 0 comment Print

In Schedule appended to said Notification, in column (1), against the entry at Sr. No. 1, in column (3), in entry at Sr. No. 15, for word and figures Section 70, words, brackets and figures Sub-section (1) and (2) of section 70, shall be substituted.

Banks to Send branch-wise report on detection of counterfeit note: RBI

December 12, 2016 1669 Views 0 comment Print

Counterfeit notes detected in the SBNs received in exchange and deposits should be kept branch-wise, in a secured and segregated manner, so that further analysis, as necessary, can be conducted at a later stage.

MCA notifies 6th tranche of 22 Sections under Bankruptcy Code

December 9, 2016 1456 Views 0 comment Print

Central Govt appoints 15.12.2016 as the date on which provisions of section 33 to section 54 of Insolvency and Bankruptcy Code, 2016 shall come into force.

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