Frequently Asked Questions (FAQ) SCORES SECTION: I (FAQ FOR INVESTORS) Attention: It would be advisable to contact the person or company that is the cause of your complaint directly prior to lodging a complaint in SCORES. 1. Which are the complaints dealt by SEBI? Complaints arising out of issues that are covered under SEBI Act,… Read More
A Committee on Taxation of e-commerce was constituted by the Central Board of Direct Taxes to examine the business models for e-commerce, identify the direct tax issues in relation to e-commerce transactions and suggest an approach to deal with these issues. The Committee included officers of the Central Board of Direct Taxes, representatives from the… Read More
Below the name of Public sector Banks with the Anchor Bank (with which other Banks will get merged). 1. State Bank of India (Anchor Bank) State Bank of Hyderabad State Bank of Patiala State Bank of Travancore State Bank of Bikaner & Jaipur State Bank of Mysore 2. Punjab National Bank (Anchor Bank) Oriental Bank… Read More
Th Key amendments proposed in the bill are as follows: 1) Appointment of auditors: It has been proposed to do away with the requirements of annual ratification by members with respect to appointment of auditors. Further, under the exisitng provisions, the auditor who has resigned from the company needs to file Form No. ADT-3… Read More
CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Circular on Mutual Funds A. Consolidated Account Statement: Consolidated Account Statement (CAS), issued to investors in accordance with Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996 and circulars thereof, at present provides information in… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification New Delhi, the 17th March, 2016 S.O. 1146 (E).- In exercise of the powers conferred by section 2, read with section 295 of the Income-tax… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 17 th March, 2016 Sub: Modification of Instruction No. 9/2006 dealing with remedial action on Revenue Audit Objections not accepted by the Department– reg. The guidelines and procedure for attending to objections raised in the course of… Read More
Implementation of RTI Act, 2005 to be strengthened DoPT invites views/suggestions by 31st March, 2016 A Committee of Experts consisting of Shri A.N. Tiwari, former Chief Information Commissioner and Dr. M.M. Ansari, former Information Commissioner of Central Information Commission was constituted to recommend, inter-alia, measures to further strengthen implementation of Section 4 of the RTI… Read More
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 41/2016 - Customs (N.T.) New Delhi, dated the 17th March, 2016 27 Phalguna, 1937 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification… Read More
RBI/2015-16/338 FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs,… Read More
The President of India, Shri Pranab Mukherjee inaugurated the 5thEdition of ‘India Aviation’ today (March 16, 2016) at Hyderabad. Speaking on the occasion, the President said India is at the threshold of taking a major leap in the aviation sector. ‘India Aviation’ 2016 is well timed and resonates well with our latest policy initiatives of… Read More
Media Release BSE Releases XBRL Taxonomies in Public Domain Mumbai, Wednesday, 10 March 2016: With a view to making reporting by listed companies to Stock Exchanges more accurate and efficient, BSE had introduced the globally recognized XBRL based reporting for Shareholding Pattern with effect from June 11, 2015 and Financial Results with effect from October… Read More
RBI/2015-16/339 FMRD.FMD.No. 02.03.183/7/2015-16 March 17, 2016 All Standalone Primary Dealers Dear Sir, Participation of Standalone Primary Dealers in Currency Futures Market A reference is invited to A.P. (DIR Series) Circular No. 05 dated August 06, 2008, in terms of which persons resident in India are permitted to participate in the currency futures market in India… Read More