RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 February 18, 2016 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS) The Reserve Bank of India (the Bank) has received proposals from Non- Banking Financial Companies (NBFCs), seeking approval for undertaking of Point of Presence… 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) NEW DELHI New Delhi, the 18th February, 2016 NOTIFICATION NO. 07/2016-Service Tax GSR .(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32… 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) New Delhi, the 18th February, 2016 Notification No. 06/2016-Service Tax G.S.R.___ (E). - In exercise of the powers conferred by section 109 of the Finance Act, 2015 (No. 20 of 2015), the Central… Read More
CARO 2016 Read More
RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/… Read More
Analysis of Inventory to be valued at Cost or NRV / Cost And NRV As per Para 5 of AS-2 and Para -9 of Ind AS “Inventories shall be measured at lower of Cost and Net realizable value. But Few of the companies had also used Cost or NRV whichever is lower in its Notes… Read More
Insurance Regulatory and Development Authority of India 3rd Floor, Parishrama Bhavan, Bashers Bagh, HYDERABAD 500 004. IRDAI/NL/GDL/F&U/030/02/2016 18th February, 2016 To The Chairman-Cum- Managing Directors/Chief Executive officers of General Insurance Companies. Madam/Sir, Guidelines on Product Filing Procedures for General Insurance Products The guidelines on product filing procedures for general insurance products are issued considering the actual… Read More
COMPETITION COMMISSION OF INDIA PRESS RELEASE Competition Commission of India (‘the Commission’) today celebrated its 6 thAnnual Day which marks the notification of the substantive provisions of the Competition Act, 2002. On the occasion, Shri Ashok Chawla, the Chairperson, Competition Commission of India in his welcome address highlighted the various achievements of the Commission in… Read More
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) New Delhi, the February 17, 2016. NOTIFICATION Repurchase of Government Stocks F. No.4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii) 7.02 per cent Government Stock 2016… Read More
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2016-Customs New Delhi, the 17th February, 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), the Central Government, being satisfied that it is necessary in the public interest so… 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 Notification No. 05/2016 Service Tax New Delhi, the 17th February, 2016> 28 Magha, 1937 Saka G.S.R. (E).- In exercise of the powers conferred… Read More
GOVERNMENT OF INDIA Ministry of Corporate Affairs Notice Inviting Comments on the Draft Companies (Authorised To Registered) Amendment Rules 2016 Dated the 17th February, 2016 1.The draft Companies (Authorised to Registered) 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.… Read More
GOVERNMENT OF INDIA Ministry of Corporate Affairs Notice Inviting Comments on the Draft Companies (Incorporation) Second Amendment Rules 2016 Dated the 17th February, 2016 The draft Companies COMPANIES (Incorporation) Second AMENDMENT RULES 2016 i.e. conversion of unlimited liability company into limited liability companyhas been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments… Read More