19th May, 2016 Dear Professional Colleagues, Subject:- Inviting Suggestions for reviewing the e-Forms under Companies Act, 2013 The Ministry of Corporate Affairs (MCA) has constituted a Technical Committee to review the e-forms notified under Companies Act, 2013. MCA has invited the suggestions/inputs on e-forms with respect to the following chapters/rules of the Companies Act, 2013… Read More
RBI/2015-16/400 DBR.CID.BC.No.98/20.16.042/2015-16 May 19, 2016 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies (CICs) dated November 29, 2013, Reserve Bank of India, being… Read More
RBI/2015-16/405 DBR.No.Ret.BC.99/12.07.124A/2015-16 May 19, 2016 All Scheduled Commercial Banks Dear Sir, Exclusion of “UBS AG” – from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “UBS AG” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.7718/ 23.13.062/2015-16 dated January… Read More
Form INC-22 was recently updated on MCA21 Company Forms page. Stakeholders are advised to check the latest version before filing. Read More
In 2015-16, EPFO disbursed approximately Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions. To monitor the status of enrolment of contractual employees especially in municipalities, EPFO has taken steps towards putting in place a system where principal employers including government bodies who enroll workers directly or through contractors can view… Read More
Rehabilitation of Bonded Labourer Scheme – 2016 to be Made Central Sector Scheme Revised Scheme Proposes Increase in Quantum of Financial Assistance Annual Budget Raised from Rs.5 Crore to Rs.47 Crore; Cash Assistance from Rs. 20,000 to Rs. One Lakh Cash Assistance may extend to Rs Two Lakh in Special Cases and to Rs.Three Lakh… 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) Notification No. 33/2016-Customs New Delhi, the 17th May, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
16th May, 2016 Dear Professional Colleagues, Subject: Delegation of powers in case of alteration in memorandum of section 8 companies We invite your kind attention to the MCA notification no. S.O. 1353 (E) dated May 21, 2014[1] (copy enclosed) wherein the Central Government has delegated the powers and functions vested in Central Government, amongst others,… Read More
General Circular No. 05/2016 No. 05/01/2014 Government of India Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan, Dr. R.P. Marg New Delhi - 110001 Dated: 16th May, 2016 To, All Regional Director, All Registrar of Companies, All Stakeholders Subject:-Clarification with regard to provisions of Corporate Social Responsibility under section 135 of the Companies… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 14th May, 2016 Subject: The Income Declaration Scheme 2016 to open from 1st June 2016. The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have… Read More
General Circular No 06/2016 FNo.01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawon, Dr. Rajendra Prasad Road, New Delhi - 110001. Dated the 16th May, 2016. All Regional Directors, All Registrar of Companies, All stakeholders. Subject: Relaxation of additional fees and extension of last date of filing of various… Read More
F.No.225/269/2015-ITA-II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI Dated: May 12, 2016 Subject: Scrutiny Assessments-some important issues and scope of scrutiny in cases selected through Computer Aided Scrutiny Selection ('CASS')-reg. In CASS 2014 and CASS 2015 cycles, some cases were selected for scrutiny in which issue… Read More
The Union Cabinet yesterday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India. The Policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all.… Read More