India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’
‘India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’, ‘Stand up India’ and ‘Start up India’, says President 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… Read More
Banks Holiday List for March, 2016
March 2016 4 7 22 23 24 25 Agartala Ahmedabad • • Aizawl • • Belapur • • • Bengaluru • • Bhopal • • Bhubaneswar • • • Chandigarh • • • Chennai • Dehradun • • • • Gangtok • • Guwahati • • Hyderabad • • Imphal • • Jaipur • Jammu… Read More
Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default
CIRCULAR CIR/IMD/FPIC/39/2016 March 15, 2016 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. All Recognized Stock Exchanges. 3. The Depositories (NSDL and CDSL). Sir/ Madam, Sub: Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default. A. REITs, InvIts and AIFs 1. RBI had… Read More
Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations ”
Objective 1. This discussion paper seeks comments of the public for certain proposals related to Brightline Tests for Acquisition of ‘Control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as the "Takeover Regulations”). Background 2. The Takeover Regulations prescribe that an acquirer acquiring substantial shares or voting rights i.e.,… Read More
Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11 th March, 2016 Subject: - Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor - regarding The Central Board of Direct Taxes had issued directions to… Read More
ICAI President’s Message – March 2016
Dear Friends, The wise see knowledge and action as one; they see truly ... so go the words of wisdom in the Bhagavad Gita, which are worth emulating by one and all, specifically in the present scenario when a new cohesive team of elected members is commencing its fresh tenure as representatives of the Indian… Read More
SEBI Board Meeting
PR No. 56/2016 SEBI Board Meeting The SEBI Board met in New Delhi today and took the following decisions: A. Imposing restrictions on wilful defaulters The Master Circular on "Wilful Defaulters" issued by the Reserve Bank of India from time to time lays down safeguards to be exercised by banks to contain the… Read More
Union Finance Minister addresses Board members and senior officials of SEBI
PR No. 55/2016 Union Finance Minister addresses Board members and senior officials of SEBI Shri Arun Jaitley, Hon'ble Union Finance Minister, interacted with the members of the SEBI Board and senior officials of SEBI at New Delhi today. Shri Jayant Sinha, Minister of State for Finance, Shri Shaktikanta Das, Secretary, Ministry of Finance,… Read More
Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
Press Information Bureau Government of India Ministry of Finance 12-March-2016 12:48 IST Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor The Central Board of Direct Taxes (CBDT) had issued directions to the field offices that taxpayers whose tax has been deducted at source but… Read More
Rationalization of Interest Rates of Small Savings Scheme
Press Information Bureau Government of India Ministry of Finance 11-March-2016 17:43 IST Rationalization of Interest Rates of Small Savings Scheme The Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015 has been formulated and notified on 19th May, 2015. PFRDA regulations have not specifically stipulated any fixed investment management fee. However, Regulation 20 of… Read More
ICAI’s e-Flash on Finance Bill 2016
Amendments Proposed by The Finance Bill, 2016 1. Message from the President 2. Message from the Vice-President 3. Chairmen Speak (from Committee on Public Finance & Government Accounting; Direct Tax Committee; Indirect Taxes Committee; Committee on International Taxation) 4. State of the Economy: Union Budget 2016-17 Highlights 5. Amendments Proposed by Finance Bill, 2016 in… Read More
Online Application for Withdrawal under New Pension Scheme
Press Information Bureau Government of India Ministry of Finance 11-March-2016 17:49 IST Online Application for Withdrawal under New Pension Scheme The Pension Fund Regulatory and Development Authority (PFRDA) had issued a Circular dated February 25, 2015, making it mandatory for all the Nodal Offices to process the withdrawal claims of their underlying subscribers on the… Read More
Mandatory Filing of Compliances / Information in Electronic Mode
DCS/COMP/33/2015-16 March 11, 2016 Dear Sir/Madam, Sub: MANDATORY FILING OF COMPLIANCES / INFORMATION IN ELECTRONIC MODE This Circular is in continuation to our earlier Circular No. DCS/COMP/20/2015-16 dated November 30, 2015 that was issued pursuant to Regulation 10 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)… Read More
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