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Amendment in rule 4 of Companies (CSR Policy) Rules, 2014

January 19, 2015 16090 Views 0 comment Print

In the Companies (Corporate Social Responsibility Policy) Rules, 2014, in rule 4, in sub-rule (2),- (i) for the words established by the company or its holding or subsidiary or associate company under section 8 of the Act or otherwise, the words established under section 8 of the Act by the company either singly or alongwith its holding or subsidiary or associate company or alongwith any other company or holding or subsidiary or associate company of such other company, or otherwise shall be substituted;

Business Trusts to file details of income distributed to unit holders

January 19, 2015 2488 Views 0 comment Print

Notification No.03/2015 – Income Tax S.O. 180 (E). – In exercise of the powers conferred by section 295 read with sub­section (4) of section 115UA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Companies (Accounts) Amendment Rules, 2015

January 16, 2015 19938 Views 0 comment Print

“2A. Notice of address at which books of account are to be maintained.—For the purposes of the first proviso to sub-section (1) of section 128, the notice regarding address at which books of account may be kept shall be in Form AOC-5.”

Increase in Excise Duty on petrol & Diesel (both branded & unbranded)

January 16, 2015 967 Views 0 comment Print

Central Government vide Notification No. 03/2015-CE dated January 16, 2015 has increased the Excise duty on Petrol (both branded as well as unbranded) and Diesel (both branded as well as unbranded) by Rs. 2 per Litre. The new rates shall be effective from January 17, 2015.

Review of Guidelines on Restructuring of Advances by NBFCs

January 16, 2015 2054 Views 0 comment Print

In terms of extant instructions contained in the above mentioned circulars, revisions of the date of commencement of commercial operations (DCCO) and consequential shift in repayment schedule for equal or shorter duration (including the start date and end date of revised repayment schedule) will not be treated as restructuring provided that:

Amendment in import policy conditions under ITC (HS) 4 digit code 8517

January 16, 2015 3803 Views 0 comment Print

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby amends the Import Policy Condition under ITC (HS) 4 digit code 8517 of Chapter 85 of ITC (HS), 2012 – Schedule – 1 (Import Policy).

SEBI (Prohibition of Insider Trading) Regulations, 2015

January 15, 2015 52060 Views 0 comment Print

In exercise of the powers conferred by section 30 read with clause (g) of sub-section (2) of section 11 and clause (d) and clause (e) of section 1 2A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board

Entry of Banks into Insurance Business – RBI Guidelines

January 15, 2015 6392 Views 0 comment Print

Banks are not allowed to undertake insurance business with risk participation departmentally and may do so only through a subsidiary/JV set up for the purpose. Banks which satisfy the eligibility criteria (as on March 31 of the previous year) given below may approach Reserve Bank of India to set up a subsidiary/joint venture company for undertaking insurance business with risk participation:

Relaxation for purchase of Air-Tickets on TA (Transfer) from Private Agents – Regarding.

January 9, 2015 2432 Views 0 comment Print

Kindly find enclosed herewith a copy of GM. of Ad.I Section of Department of Revenue bearing No. FTS No.110738/2014-Ad.I dated 31st December, 2014 alongwith its enclosure on the above mentioned subject for strict compliance by field offices.

MCA notifies officers for filing complaint U/s. 159 /155 of Companies Act, 2013

January 9, 2015 7871 Views 0 comment Print

Central Government hereby authorises the following officers in the office of Regional Director (Northern Region) at Noida for the purposes of filing complaint under section 159 of the said Act in respect of offences under section 155 of the said Act, namely :-

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