Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution ceases to exist as charitable organization or converts into a non-charitable organization.
(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016.
Selection Committee.- (1) The Chairman and Vice-Chairman of the Authority shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of the following members,
Section 35AC – Eligible projects or schemes – Recommendations of National Committee for Promotion of Social and Economic Welfare
Notification No. 65/2016-Income Tax- Section 35AC – Eligible projects or schemes – recommendations of the National Committee for Promotion of Social and Economic Welfare
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2016
CBDT vide Notification No. 95/2016 notified Director, Vigilance and Anti-Corruption Bureau, Kerala U/s. 138(1)(a)(ii) to whom in Public Interest Disclosure of information respecting assessees can be made by Income Tax Department.
Sovereign Gold Bonds 2016-17 – Series III may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.
In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement.
As announced in the First Bi-monthly Monetary Policy Statement for the year 2016-17 (paragraph 36) on April 5, 2016, it has been decided to make it obligatory for the Primary Members (PM) to offer the web-based NDS-OM module to their constituent gilt account holders (excluding individuals) for online trading in Government securities in the secondary market.
