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Withdrawal of relaxation of cash withdrawals by Farmers & for wedding

November 18, 2016 1903 Views 0 comment Print

It seems this notification have some mistakes as vide this government has withdrawn relaxation for cash withdrawal and for wedding celebration.

Notification on cash withdrawal by Farmers & for Wedding Celebration

November 18, 2016 985 Views 0 comment Print

(x) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified by the Reserve Bank of India; (xi) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India

Central Advisory Committee under Equal Remuneration Rules

November 18, 2016 2128 Views 0 comment Print

In exercise of powers conferred by sub-section (1) of section 6 of Equal Remuneration Act, 1976 (25 of 1976) read with rules 3 and 4 of Central Advisory Committee on Equal Remuneration Rules, 1991

Ministerial Staff Training Unit to shift to Pune with CBDT Chairman Approval

November 18, 2016 1093 Views 0 comment Print

Consequent upon the approval of Chairperson CBDT, Ministerial Staff Training Unit (MSTU) shall be shifted from KOLHAPUR (Maharashtra) to PUNE (Maharashtra)

Cash Withdrawal Limit at Point-of-Sale & waiver of charges

November 18, 2016 2326 Views 0 comment Print

The Reserve Bank of India had issued instructions to banks on November 14, 2016 that banks shall waive levy of ATM charges for all transactions by saving bank customers done at all ATMs, irrespective of the number of transactions during the month, from November 10, 2016 till December 30, 2016, subject to review. As another […]

Govt declares Islamic Research Foundation as an unlawful association

November 17, 2016 1150 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 3 of Unlawful Activities (Prevention) Act, 1967 (37 of 1967), Central Government hereby declares Islamic Research Foundation to be an unlawful association;

MVAT- Settlement Act, 2016-Extension of time limit to 30.11.2016

November 17, 2016 1828 Views 0 comment Print

It has become necessary to give more time to dealers to amicably settle the disputes relating to payment and to facilitate compliance under the said Act, it is proposed to extend the said date upto 30th November 2016.

Amendment in Depreciation schedule of Companies Act

November 17, 2016 5518 Views 0 comment Print

For intangible assets, the relevant Indian Accounting Standards (Ind AS) shall apply. Where a company is not required to comply with the Indian Accounting Standards (Ind AS), it shall comply with relevant Accounting Standards under Companies (Accounting Standards) Rules, 2006.

Designation of Special Court at Meghalaya for company law offences

November 17, 2016 961 Views 0 comment Print

High Court of Meghalaya, hereby designates the following Court as Special Court for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013, namely:-

Cash Exchange limit over counter reduced to Rs. 2000 from Rs. 4500

November 17, 2016 3736 Views 0 comment Print

It has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

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