Legal Updates

Govt. notifies Insolvency and Bankruptcy Code (Amendment) Act, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 19th January, 2018/Pausha 29, 1939 (Saka) The following Act of Parliament received the assent of the President on the 18th January, 2018, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ACT, 2017 NO. 8 OF 2018 [18th January, 2018.] An… Read More

Govt. appoints Shri Amardeep Singh Bhatia as Director in SFIO

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 16th January, 2018 S.O. 336(E).—In exercise of the powers conferred by sub-section (3) of Section 211 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints Shri Amardeep Singh Bhatia, IAS (NL : 93) as Director in the Serious Fraud Investigation Office, on lateral… Read More

Govt. constitutes Central Registry for Securitization Asset Reconstruction and Security Interest of India under Sec. 10(46) of IT Act

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th January, 2018 S.O. 283(E).—In exercise of the powers conferred by clause (46) of section 10 of the Incometax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Central Registry for… Read More

Govt. Constitutes ‘West Bengal Electricity Regulatory Commission’, Kolkata under Sec. 10(46) IT Act

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th January, 2018 S.O. 284(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘West Bengal Electricity Regulatory… Read More

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.7% up to 15th January, 2018

Ministry of Finance Posted On: 17 JAN 2018 4:49PM by PIB Delhi Provisional figures of Direct Tax collections up to 15th January, 2018 show that net collections are at Rs. 6.89 lakh crore which is 18.7% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represent 70.3% of the total Budget Estimates of Direct… Read More

Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional:IBBI

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IP/004/2018                                                                           … Read More

Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes:IBBI

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001                                                                                … Read More

Amendments in Appendix 4B of Hand Book of Procedures 2015-20 : DGFT

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No.53/2015-2020 NEW DELHI, DATED THE, 17th January, 2018 Subject: Amendments in Appendix 4B of Hand Book of Procedures 2015-20 - req. In exercise of powers conferred… Read More

CBEC introduces e–way Bill System on trial basis from 16th January 2018

Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tel.: +91-11-23092849, Fax: +91-11-23092890 Email: chmn-cbec@nic.in   DO.No.02/CH(EC)/2018                                                                 … Read More

Interest rates for Small Savings Schemes:RBI

RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small… Read More

Order under section 119 of the Income-tax Act, 1961

Circular No. 01/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of January, 2018 Order under section 119 of the Income-tax Act, 1961 Subject: Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 &… Read More

Prevention of Unauthorised Trading by Stock Brokers : SEBI

CIRCULAR CIR/HO/MIRSD/MIRSD2/CIR/P/2018/ 09 January 11, 2018 To All recognized Stock Exchanges Dear Sir/ Madam, Sub: Prevention of Unauthorised Trading by Stock Brokers 1. SEBI vide circular No. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017 had prescribed guidelines for prevention of unauthorised trading by stock brokers and issued subsequent clarification vide CIR/HO/MIRSD/MIRSD2/CIR/P/2017/124 dated November 30, 2017. 2. SEBI… Read More

Clarification on levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, home stays, printing, legal services

Circular No. 27/01/2018-GST No. 354/107/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit North Block, New Delhi 04th January 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) /  The Principal Director Generals/ Director Generals (All)   Madam/Sir, Subject: Clarifications regarding levy of GST on accommodation… Read More

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