MCA Clarification with regard to applicability of section 182(3) of the Companies Act, 2013

Circular No 19/2013 No. 17/27/2013-CL-V Government of India Ministry of Corporate Affairs Shastri Bhawan, 5th Floor, 'A' Wing, Dr. Rajendra Prasad Road, New Delhi 110001 Dated 10.12.2013 To All Registrar of Companies All Regional Director Sub:- Clarification with regard to applicability of section 182(3) of the Companies Act, 2013. Sir, Ministry has received representations seeking clarification… Read More

Tags: AsiaChristmasCompanies ActGift wrappingGovernmentIndiaPartiesPoliticsSection 182(3) of Companies Act 2013

Commencement Notification CA2013 :: Notified Sections 182 :: Prohibitions and restrictions regarding political contributions

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 182- Prohibitions and restrictions regarding political contributions (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly… Read More

Tags: Annual General MeetingBoard of directorsCompanies ActCompanyFeedBurnerfinancePoliticsRepresentation of the People Act

IT Dept sends 35K more letters to non-filers

Income Tax Deptt. Sends Letters to Another Batch of 35,000 Non-Filers Tax Payers again urged to disclose their true Income and Pay Due Taxes As part of its ongoing initiative, the Income Tax Department has, on 22nd July, 2013 sent letters to another batch of 35,000 non filers. These persons were part of the around… Read More

Tags: AccountingDepartments of FranceIncome taxPoliticsTaxTax return (United States)TaxationUnited States

Transfers And Postings Of Joint/ Additional CITs (Mumbai)

Vide Order No. 1 dated 20.06.2013 the Chief Commissioner of Income-tax, Mumbai, has ordered the transfer and posting of 48 officers in the grade of Joint/ Additional Commissioners of Income-tax (Mumbai Region) with immediate effect. Circular Attached Read More

Tags: AppealIncome taxIncome Tax Act 1961IndiaMumbaiPoliticsTaxationUnited States

Assessment of Charitable Trusts and Institutions

The Income-tax department has released a publication titled "Assessment of Charitable Trusts and Institutions". The publication explains the legal provisions and the procedural requirements for claiming exemption under the Income-tax Act, 1961 for charitable activities. Apart from explaining the concept of ˜Charitable Purposes™, the publication deals with the procedure for registration, assessment, denial of exemptions, incentives… Read More

Tags: AccountingCharitable organizationCharitable trustFinance ActPoliticsTaxTaxationUnited States

Govt approves “The Institute of Research & Development” in the category of ‘University, College or Other Institution’

NOTIFICATION NO. 33/2013 DATED: 29/04/2013 It is hereby notified for general information that "The Institute of Research & Development" under Gujarat Forensic Sciences University, Gandhi Nagar, (PAN-AAALG1981A) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules,… Read More

Tags: GovernmentOrganizationPoliticsResearchResearch and developmentScientific methodTaxation

Pune – Program on Fundamentals of Labour Laws for Managers – May 7

Please send your reply on seminar@satvam.com or seminar@satvamindia.com Program on Fundamentals of Labour Laws for Managers Date & Time : Tuesday, May 7, 2013 - 09.30 a.m. to 5.30 p.m. (Registration & breakfast: 9.00 to 9.30 am) Venue : The Coronet Hotel, Apte Road, Deccan Gymkhana, Pune 411 004 (Opp. Santosh Bakery) Benefits/ learning objectives:… Read More

Tags: BusinessCompliancecontract labourDeccan Gymkhanaemployee state insuranceEmployees' State Insurance ActEPFESICESISGratuityIncome taxKandivaliLabour lawlabour welfare fundMinimum wageminimum wagesOriental Bank of Commercepayment of bonuspayment of gratuityPoliticsProfessional taxProvidend Fund

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