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Notification for registrar of Companies at Hyderabad having territorial jurisdiction in the whole State of Telangana

June 13, 2014 940 Views 0 comment Print

In exercise of powers conferred by sub-section (1) and sub-section (2) of section 396 of the Companies Act, 2013 (18 of 2013), the Central Government hereby establish the office of the Registrar of Companies at Hyderabad having territorial jurisdiction in the whole State of Telengana for discharging the functions of the Registrar of Companies under the various provisions of the said Act and appoints the Registrar of Companies, Hyderabad as Registrar of Companies for the purpose of registration of companies under the said Act in the State of Telengana.

Companies allowed to constitute Audit Committees, and Nomination and Remuneration Committees till 31st March, 2015

June 12, 2014 3080 Views 0 comment Print

Provided further that public companies covered under this rule shall constitute their Nomination and Remuneration Committee within one year from the commencement of these rules or appointment of independent directors by them, whichever is earlier

No dividend to be declared before set-off of carried forward losses and Short Depreciation of earlier years

June 12, 2014 3027 Views 0 comment Print

No company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year

Cost Inflation Index for Financial Year 2014-15

June 11, 2014 11083 Views 0 comment Print

Notification No. 31/2014-Income Tax S.O. 1498(E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income Tax Act, 1961 (42 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-

Notification No. 7/2014-Income Tax Dated 10/6/2014

June 10, 2014 1183 Views 0 comment Print

Notification No. 7/2014-Income Tax In partial modifications of earlier Notification No. 1 of 2013(F.No.A­32012/6/ 2012-Ad.VI) dated 15t January, 2013, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

Notification No. 10/2014-Income Tax Dated 10/6/2014

June 10, 2014 1990 Views 0 comment Print

Notification No. 10/2014-Income Tax In partial modifications of earlier Notification No. 04 of 2014(F.No.A­32012/ 2/ 2013-Ad.VI) dated 3rd March, 2014, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600­39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

Notification No. 8/2014-Income Tax Dated 10/6/2014

June 10, 2014 589 Views 0 comment Print

Notification No. 8/2014-Income Tax In partial modifications of earlier Notification No. 7 of 2013(F.No.A­32012/6/2012-Ad.V1) dated 2l October, 2013, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

One Documentary Proof of Address – RBI further simplifies KYC Norms for Bank Accounts

June 9, 2014 1541 Views 0 comment Print

Henceforth, customers may submit only one documentary proof of address (either current or permanent) while opening a bank account or while undergoing periodic updation. In case the address mentioned as per ‘proof of address’ undergoes a change, fresh proof of address may be submitted to the branch within a period of six months.

Companies having paid up share capital of 5 crore or more shall have a whole-time company secretary

June 9, 2014 30870 Views 4 comments Print

Appointment of Company Secretaries in companies not covered under rule 8.—A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.

CBDT asks officers to submit proposals by email instead of submitting personally

June 9, 2014 920 Views 0 comment Print

2. However, it is observed that certain officers are visiting CBDT personally only for submitting the proposals to the Board and that too without any prior intimation. The undersigned is directed to convey that such visits not only result in wastage of time of officers but also lead to undesirable expenditure incurred on tour. It is reiterated that the proposals and the requisite information may strictly be sent by post

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