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RBI advisory to banks on Submission of SFT

May 25, 2017 1491 Views 0 comment Print

RBI Advisory on Submission of Annual Information Return now known as Statement of Financial Transaction (SFT) relating to issue of Bonds for ₹ 5 lakh or more under Section 285 BA of Income Tax Act, 1961-

ICAI notifies Revised Scheme of Education and Training

May 25, 2017 11628 Views 1 comment Print

ICAI notified Chartered Accountants (Amendments) Regulations, 2017 regarding New Scheme of Education and Training by amending Chartered Accountants Regulations, 1988.

Govt notifies rule for Printing of One Rupee Currency Notes

May 25, 2017 2526 Views 0 comment Print

The One Rupee Currency Notes shall be printed at the note printing presses for issue under the authority of the Government of India for circulation. The standard paper weight and remedy (tolerance) allowed in printing of One Rupee Currency Notes shall be as specified in the Third Schedule.

Revised law for Issue of summon and notice under PMLA

May 24, 2017 4263 Views 0 comment Print

(1) Every summon or notice shall be issued in Form 3 or Form 4 or Form 5 or Form 6, as the case may be, and signed by the Registrar or Administrative Officer.

Insolvency and Bankruptcy Code (Removal of Difficulties) Order, 2017

May 24, 2017 1584 Views 0 comment Print

In the Insolvency and Bankruptcy Code, 2016, in the Eighth Schedule, relating to amendment to the Sick Industrial Companies (Special Provisions) Repeal Act, 2003, in section 4, in clause (b), after the second proviso, the following provisos shall be inserted, namely:—

Coverage of Beedi establishments & workers under EPF & MP Act, 1952

May 24, 2017 1146 Views 0 comment Print

It is advised to identify the uncovered Beedi establishments as well as unenrolled employees, and ensure social security benefits to all the eligible and left out employees under the schemes of EPF & MP Act, 1952.

Govt bans Sale of Cows for Slaughter at Animal Markets

May 23, 2017 900 Views 0 comment Print

Cancellation of registration of animal market.If the District Animal Market Monitoring Committee, suo moto or on receipt of a complaint, comes to the conclusion that an animal market is functioning in contravention of these rules, it may direct the cancellation of registration of such market after giving reasonable opportunity of being heard.

Custody, Cost of care and keeping of animals pending litigation

May 23, 2017 2571 Views 0 comment Print

When an animal has been seized under the provision of the Act or the rules made thereunder— (a) the authority seizing the animal shall ensure health inspection, identification and marking such animal, through the jurisdictional veterinary officer deployed at Government Veterinary Hospital of the area and marking may be done by ear tagging or by chipping or by any less irksome advance technology but marking by hot branding, cold branding and other injurious marking shall be prohibited;

Export of Red Sanders wood by Govt of Andhra Pradesh /Maharashtra /Tamil Nadu, DRI, -Extension of time reg.

May 23, 2017 789 Views 0 comment Print

(i) Time upto 30.04.2019 has been allowed to the Government of Andhra Pradesh to finalize the modalities and complete the process of export of a located quantity of Red Sanders wood.

Startup: Meaning, Process of recognition and Tax Benefits

May 23, 2017 20037 Views 0 comment Print

In order to obtain tax benefits, a Startup should – i. be a private limited company (as defined in the Companies Act, 2013) or a limited liability partnership (as defined under the Limited Liability Partnership Act, 2008) which is incorporated on or after the 1st day of April, 2016 but before the 1st day of April, 2019, and

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