The Delhi government said odd and even number vehicles will ply on alternate days in the city from January 1 – a move which drew flak far and wide. The decision, taken at a meeting presided over by Chief Minister Arvind Kejriwal, will not apply to CNG-driven buses, taxis and auto-rickshaws but will also cover… Read More
The draft Rules to further amend the Trade Mark Rules, 2002 which the Central Government proposes to make in exercise of the powers conferred by Section 157 of the Trade Mark Act, 1999 ( 47 0f 1999), were published on 17th November, 2015 for information of all persons likely to be affected, inviting objections or… Read More
Government of India intends to launch _Start-up India, Stand-up India‘ initiative to create a strong eco-system for fostering innovation and start-ups in the country. This will require an environment which will enable individuals and smaller companies, including start-ups and SMEs to grow through innovation and design. Department of Industrial Policy and Promotion, Ministry of Commerce… Read More
PR No. 297/2015 Sixth Meeting of the International Advisory Board of SEBI The Sixth meeting of the International Advisory Board (IAB) of the Securities and Exchange Board of India (SEBI) was held on December 21 & 22, 2015. The following major issues were inter alia discussed during the meeting: i. Implementation of OECD Principles of… Read More
December 23, 2015 Consultation paper for guidelines for public issue of units of Infrastructure Investment Trusts SEBI has placed the Consultation paper for guidelines for public issue of units of Infrastructure Investment Trusts on its website for public comments. We enclose the Consultation Paper for ready reference and seek your views/suggestions on the aforesaid paper.… Read More
December 23, 2015 Consultation Paper Additional disclosure norms for retail/public issuance of Additional Tier 1 (AT1) instruments issued by banks SEBI has placed the ‘Consultation Paper Additional disclosure norms for retail/public issuance of Additional Tier 1 (AT1) instruments issued by banks’ on its website for public comments. We enclose the Consultation Paper for ready reference… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE Dated: 17th December, 2015 Sub: Furnishing of information in respect of payments made to the non-resident regarding. Section 195 of the Income-tax Act (‘the Act’)empowers the Central Board of Direct Taxes to capture information in respect of payments made… Read More
Circular No.190/9/2015-Service Tax F.No.354/153/2014-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Dated- 15th December, 2015 To, Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer Services, Principal… Read More
Press Information Bureau Government of India Ministry of Finance 23-December-2015 16:54 IST Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated. The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended… Read More
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th December, 2015 INCOME-TAX G.S.R. 978(E).— In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby… Read More
RBI/2015-16/275 DCM (Plg) No.G-8/2331/10.27.00/2015-16 December 23, 2015 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Primary (Urban) Co-operative Banks / RRBs Madam / Dear Sir, Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No.G-15/5486/10.27.00/2014-15 dated June 26, 2015 and the… Read More
RBI/2015-16/274 DGBA.GAD. No. 2023/15.01.001/2015-16 December 23, 2015 The Chairman & Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner & Jaipur /State Bank of Travancore State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th December, 2015 Subject: Amendment of Rules regarding quoting of PAN for specified transactions The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of… Read More