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Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment

January 7, 2016 1422 Views 0 comment Print

If any credit facility availed of by the issuer is classified as NPA in the books of the FI, investment in any of the securities, including preference shares issued by the same issuer would also be treated as NPI and vice versa.

CCI (Procedure for transaction of business relating to combinations) Amendment Regulations, 2016

January 7, 2016 1681 Views 0 comment Print

F.No. CCI/CD/Amend/Comb.Regl./2016 In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following regulations further to amend the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011, namely:-

Notification No. 2/2016-Customs Dated-6th January, 2016

January 6, 2016 859 Views 0 comment Print

Notification No. 2/2016-Customs – connection with petroleum operations undertaken under specified contracts under the Marginal Field Policy (MFP).

Notification No. 1/2016-Customs Dated: January 4, 2016

January 4, 2016 2228 Views 0 comment Print

NOTIFICATION NO. 1/2016-Export duty on Iron ore pellets reduced to Nil rate from 5% – Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 27/2011-Customs, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, vide number G.S.R. 153(E), dated the 1st March, 2011, namely :-

No MVAT on Drugs and Medical Equipments used in Dialysis of patients suffering from kidney disease

January 2, 2016 1323 Views 0 comment Print

Rule 12B Drugs and medical equipment used in dialysis for the treatment of patients suffering from kidney disease, as may be notified from time to time, by the State Government, in the Official Gazette.

Government amends monthly bonus calculation ceiling to Rs 7,000

January 1, 2016 8334 Views 1 comment Print

for the words three thousand and five hundred rupees at both the places where they occur, the words seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;

SEBI establishes of Local Office of the Board at Jammu

January 1, 2016 591 Views 0 comment Print

No.SEBI/LAD-NRO/GN/2015-16/28 – In exercise of the powers conferred by sub-section (4)of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Jammu under the administrative control of its Northern Regional Office at New Delhi.

Increase in Excise Duty on petrol by 37 paise Per liter & on diesel by Rs. 2 Per Litre

January 1, 2016 1277 Views 0 comment Print

Notification No. 1/2016-Central Excise prescribes the Basic Excise Duty (BED), with effect from 02.01.2016, on the following products at the rates indicated below: (i) Unbranded petrol from Rs. 7.36 per litre to Rs. 7.73 per litre; (ii) Branded petrol from Rs. 8.54 per litre to Rs. 8.91 per litre; (iii) Unbranded diesel from Rs.5.83 per litre to Rs. 7.83 per litre; and (iv) Branded diesel from Rs. 8.19 per litre to Rs. 10.19 per litre.

Delegating of powers to RDs U/s. 208 of Companies Act, 2013

December 31, 2015 1985 Views 0 comment Print

n exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013) the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata, Chennai, Delhi, Ahmedabad, Hyderabad and Shillong, the power vested in it under section 208 of the said Act for receiving the report from the Registrar (having jurisdiction over the place of registered office of the company concerned)

Delhi VAT- DP-1 to be submitted online by all dealers latest by 31/01/2016

December 31, 2015 728 Views 0 comment Print

In partial modification of Notification No.F.3(352)Policy/VAT/2013/1062-73 dated 23/11/2015 regarding submission of information online in Form DP-1, I, Sanjeev Khirwar, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1) read with sub­section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 31/01/2016. The form shall be filed by dealers registered upto 31/10/2015.

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