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MCA specifies forms which needs pre-certification by CA, CS or CMA

April 28, 2014 88041 Views 5 comments Print

The following e-forms filed by companies, other than one person companies and small companies, under sub-rule (1) of rule 9, shall be pre-certified by the Chartered Accountant or the Company Secretary or as the case may be the Cost Accountant, in whole-time practice, namely:‑

Companies (Registration Offices and Fees) Amendment Rules, 2014

April 28, 2014 9305 Views 0 comment Print

– In exercise of the powers conferred by sections 396, 398, 399, 403 and section 404, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Registration Offices and Fees) Rules, 2014, namely:-

Unlisted cos. raising funds abroad to comply with SEBI’s disclosure norms at time of listing in India

April 25, 2014 1923 Views 1 comment Print

This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) (Amendment) Scheme, 2014.

DGCA allows in-flight use of mobiles, laptops on flight mode

April 24, 2014 1555 Views 0 comment Print

Prior to the change, the regulations clearly barred the use of cellphones during all phases of a flight. Passengers were only allowed to switch the phones on after the plane had landed and taxied off the active runway

Govt. invites Suggestions for Budget 2014-15 regarding changes in direct and indirect taxes

April 17, 2014 1030 Views 0 comment Print

F.No.334/8/2014-TRU In the context of formulating the proposals for the Union Budget 2014-15, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may, therefore, like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same. Suggestions may also be given for simplification and rationalization of duties and taxes.

CDBT Directive On Opposing Mergers/ Amalgamations/ De-Mergers before HC

April 11, 2014 8584 Views 0 comment Print

F.NO.279/MISC./M-171/2013-ITJ In this connection Circular No 1/2014 dated 15.01.2014 has been issued by MCA to Regional Directors which lays down that while furnishing any report regarding reconstruction or amalgamation of companies under the Companies Act, comments and inputs from the Income Tax Department may invariably be obtained so as to ensure that the proposed scheme of reconstruction or amalgamation has not been designed in such a way as to defraud the Revenue and consequently being prejudicial to public interest. It has further been said that the Regional Directors

Govt fixes PPF Minimum initial Subscription at Rs. 100 & allows online payment

April 10, 2014 8581 Views 0 comment Print

Central Government has vide Notification No. GSR 225(E), Dated – 13-3-2014 fixed initial minimum subscription in PPF at Rs. 100 by amending the para 4 of Public Provident Fund Scheme 1968. Earlier there was no minimum fixed amount of deposit for opening of PPF account but the condition was that amount of initial subscription shall be integral multiples of Rs.5.

Easy Withdrawal on closure of saving a/c maintained at Post Offices if interest payment is not involved

April 9, 2014 823 Views 0 comment Print

Notification No. GSR 220(E), Dated-13-03-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Account Rules, 1981, namely:— 1. . (1) These rules may be called the Post Office Savings […]

Regarding Automatic maturity of Post Office Time Deposit account

April 8, 2014 2131 Views 0 comment Print

Notification No. GSR 222(E) , DATED 13-3-2014 In exercise of the powers conferral by Section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:— 1. (1) These rules may be called the Post Office […]

Export to Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014

April 3, 2014 1015 Views 0 comment Print

Accordingly, exports of such goods to Iran which have been imported against payment in freely convertible currency would be permitted against payment in Indian Rupees also, subject to at least 15% value addition. Further, re-export of food, medicine and medical equipments will not be subject to minimum value addition recjuirement. The ITC(H5) codes for these goods will cover Chapters Z3,4,7-11.

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