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Now Private Companies can accept loan from Directors Relatives

September 15, 2015 310454 Views 19 comments Print

(viii) any amount received from a person who, at the time of the receipt of the amount, was a director of the company or a relative of the director of the private company: Provided that the director of the company or relative of the director of the private company, as the case may be, from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others and the company shall disclose the details of money so accepted in the Board’s report;

DGFT amends condition for import of Apples

September 14, 2015 5803 Views 0 comment Print

Effect of this Notification: Import of the item ‘Apples’ covered under EXIM Code 0808 10 00 is allowed only through Nhava Sheva port.

SEBI (Issue of Capital and Disclosure Requirements) (Sixth Amendment) Regulations, 2015

September 10, 2015 1136 Views 0 comment Print

In case of allocation above Rs.250 crore; a minimum of 5 such investors and a maximum of 15 such investors for allocation upto Rs.250 crore and an additional 10 such investors for every additional Rs.250 crore or part thereof, shall be permitted, subject to a minimum allotment of Rs.5 crore per such investor

Notification for amendment in S.O. 2425(E) dated 18.09.2014 – section 210A of Companies Act 1956

September 10, 2015 1039 Views 0 comment Print

Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Corporate Affairs number S.O. 2425 (E) dated the 18th September, 2014 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) dated the 18th September, 2014,

DVAT Dealer to File DS2 before physical entry of goods in Delhi wef 15th Sept 15

September 10, 2015 24638 Views 25 comments Print

All DVAT dealers dealers are required to file the details of invoices and goods receipt note in respect of goods purchased or received as stock transfer from outside Delhi in Delhi Sugam-2 (DS2) in place of earlier T-2 form either online before physical entry of goods in Delhi.

Procedure for payment of commission by banks to agents on sale of KVP

September 10, 2015 1700 Views 0 comment Print

The authorized agent will register himself/herself with a branch of a bank by submitting a copy of his/her valid certificate of authority to the Branch Manager and also produce original certificate of authority for verification as and when required by the bank.

Companies (Filing of Documents and Forms in XBRL) Rules, 2015

September 9, 2015 16185 Views 0 comment Print

These rules may be called the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. (2) They shall come into force from the date of their publication in the Official Gazette.

FEMA provisions of Finance Act, 2015 effective from 09.09.2015

September 8, 2015 3362 Views 0 comment Print

S.O. 2454(E).—In exercise of the powers conferred by clause [A] of section 138 of the Finance Act, 2015 (20 of 2015), the Central Government hereby appoints the 9th day of September, 2015 as the date on which the provisions of clause [13] of the said section, sections 140,141, 142 and clause (ii) of section 143 of the said Act shall come into force.

SEBI (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2015

September 8, 2015 639 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2015.

SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2015

September 8, 2015 1771 Views 0 comment Print

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations, 1992, namely,–

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