Others - Corporate Law Reporter

Simplification of procedure for Form No.15G & 15H

F.No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16/14425-556 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi Notification No. 4/2015 New Delhi, 1st of December 2015 Subject: Simplification of procedure for Form No.15G & 15H — regarding Section 197A of the Income tax Act provides for no deduction in certain case by submitting… Read More

ICAI President’s Message – December 2015

Dear Friends, The word bravery that was once associated more with people who had great physical strength and courage, is now meant for people who have courage-to respect others, their fundamental rights (right to equality and freedom, cultural and educational rights) and existence. Bravery is not just the act of daring to act, but also to take… Read More

Questionnaire regarding implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Dear Sir/Madam, Sub : Questionnaire regarding implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013* The Parliament enacted the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 to provide protection against sexual harassment of women at workplace and for the prevention and redressal of complaints… Read More

Set up new agency to probe corporate accounting frauds by Government

The government will soon set up a specialised agency to investigate large corporate accounting frauds. It is keen to establish a robust mechanism for faster inquiries into scams . The proposed agency is likely to examine accounting frauds of certain classes of listed companies or those of Rs 500 crore and more. To be formed… Read More

7th Pay Commission – Highlights of the Draft Memorandum

The Highlights of the Draft Memorandum (7th Pay Commission) are mentioned as below: 1. Pay scales are calculated on the basis of pay drawn pay in pay band + GP + 100% DA by employee as on 01-01-2016 2. 7th CPC report should be implemented w.e.f. 01-01-2016 3. Scrap New Pension Scheme and cover all… Read More

ICAI director finds National Spot Exchange (NSEL) auditor guilty of improper behaviour

The director (discipline) of the Institute of Chartered Accountants of India (ICAI), the apex body of chartered accountants, has formed a prima-facie opinion, finding the auditor of the National Spot Exchange (NSEL) guilty of professional misconduct. The matter has now been taken up by the institute™s disciplinary committee and an enquiry is scheduled next month… Read More

Setting up of Implementation Cell, Seventh Central Pay Commission in the Expenditure

Government of India Ministry of Finance Department of Expenditure North Block, New Delhi, Dated 20th November, 2015 OFFICE MEMORANDUM Subject: Setting up of Implementation Cell, Seventh Central Pay Commission in the Department of Expenditure An Implementation Cell for processing and implementing the accepted recommendations of the Seventh Central Pay Commission is set up in the… Read More

FREQUENTLY ASKED QUESTIONS (FAQ) on SWACHH BHARAT CESS (SBC)

SWACHH BHARAT CESS (SBC) FREQUENTLY ASKED QUESTIONS (FAQ) Background:Background: Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now the Government has announced 15th November, 2015 as the date from which the provisions of Section 119 would come into effect (notification No.21/2015-Service Tax, dated… Read More

Workshop on Swachh Bharat Cess and Cenvat Credits under Excise and Service Tax

ICSI is organising a Workshop on Swachh Bharat Cess and Cenvat Credits under Excise and Service Tax and their relevance in GST 26 Nov, 2015 at PHD House, New Delhi. Stakeholders are requested to attend the same. To view more please access at the link given below: Workshop on Swachh Bharat Cess and Cenvat Credits… Read More

As per the India™s Entertainment Ease of doing business in India

Earlier, The pain of getting 60 permits to shoot a Bollywood film or bribing 'a room full of police officials' to get licences for an event in Goa makes India's entertainment business with ease of doing business. Now In India, for entertainment industry it is easy to do business, there are fewer licences required, the… Read More

Seventh pay commission uphold overall hike of 23.55%

The Seventh Pay Commission has handed a financial bonanza to Central government employees and sent a strong message to dismantle the present hierarchy that is heavily loaded on the side of seniority over performance. Civil servants today need to be focused on outcomes, not processes, and have to be more accountable for delivery. They have… Read More

To Gain in SMEs Government tweaks Procurement Norms

Central government ministries and public sector undertakings (PSUs) would now be required to procure at least 20 per cent of their annual value of goods or services from SMEs, with the government tweaking provisions of the procurement policy. Under this, every central government ministries, departments and public sector undertakings has to procure a minimum 20… Read More

Seminar on SEBI Listing Regulations, 2015 by ICSI on November 26, 2015 at 01:30 PM

ICSI is organising a Seminar on SEBI Listing Regulations, 2015 on November 26, 2015 at PHD House, New Delhi. Stakeholders are requested to attend the same. To view please access the link given below: Seminar on SEBI Listing Regulations, 2015 Read More