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Circular No. 1 /2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 15th February, 2016 Subject: Clarification of the term 'initial assessment year' in section 80IA (5) of the Income-tax Act, 1961 Section 80IA of the Income-tax Act, 1961 ('Act'), as substituted by the… Read More
The Institute of Company Secretaries of India (ICSI) has issued Suggestions invited on proposed amendments to Secretarial Standard on Meetings of the Board of Directors (SS-1). To Download complete, please click on link below: Suggestions invited on proposed amendments to Secretarial Standard on Meetings of the Board of Directors (SS-1) by ICSI Read More
GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INDIAN ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Indian Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.… Read More
GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3. Suggestions/comments… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, the 15th February 2016 26 Magha, 1937 Saka NOTIFICATION NO. 04/2016-SERVICE TAX G.S.R (E).- In exercise of the powers conferred by section 15A,… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 16 February, 2016 Sub: CBDT resolves disputes to the tune of Rs 5000 crore under Mutual Agreement Procedure (MAP) of Tax Treaties – regarding. Double Taxation Avoidance Agreements (DTAAs) i.e. Tax Treaties signed by India with various… Read More
Day 3 of Make In India Week at the MMRDA Grounds in Bandra Kurla Complex in Mumbai is going on as scheduled with enthusiastic participation. The venue is bustling with visitors, exhibitors and participants in various seminars and symposia, undeterred by the accidental fire at Chowpatty last night where a cultural event was being staged.… Read More
The Institute of Company Secretaries of India has issued Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI. To Download complete, please click on link below: Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI Read More
The Competition Commission of India (CCI) is organising a two-day national conference on ‘Economics of Competition Law' on 3-4 March, 2016 in New Delhi. The goal of this conference is to provide a forum to the scholars, practitioners and experts working in the area of competition law for exchange of ideas, views and research findings… Read More
The Council of the Institute of Chartered Accountants of India at its 350th meeting held on February 10, 2016 approved the Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. To know more, please click on the link below: Revised Guidance Note on Reporting on Fraud under Section 143(12)… Read More
The Department of Industrial Policy and Promotion(DIPP) is discussing the matter to improve ease of doing business with the Ministry of Corporate Affairs and the government will soon introduce Business Identification Number (BIN) for companies, doing away with multiple registration numbers a single entity needs to obtain for various regulatory purposes. The BIN would act as an identification… Read More
CIRCULAR CIR/MRD/DP/ 36 /2016 February 15, 2016 To All Stock Exchanges Dear Sir / Madam, Sub: Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism 1. Comprehensive guidelines on sale of shares through Offer for Sale mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. These guidelines have been modified… Read More
SEBI chief U K Sinha was today given a one-year extension, till March next year.UK Sinha will continue to lead India's capital and commodities market regulator for one more year. The government on Monday extended Sinha's term as the chairman of Securities and Exchange Board of India (Sebi) till March 01, 2017. The Appointments Committee… Read More
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