To boost fund raising from markets, SEBI notified new norms related to fast track issues and also had issued the SEBI (ICDR)(Third amendment) Regulations, 2015 dated 11th August, 2015, which will provide all listed companies a 'fast-track' route for share sales. As per the new norms, firms in which public shareholders own stocks worth Rs… Read More
A petition, signed by over 15,000 people, including some of the top industrialists of India, that had appealed to the Congress-led Opposition to end the disruptions in the Rajya Sabha to pass the Goods and Services Tax (GST) Constitutional Amendment Bill led to more protests in the Upper House and got jettisoned. The government might… Read More
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The fate of the Goods & Services Tax (GST) Constitutional Amendment Bill, 2014 is totally dependent upon how the things go on in the parliament for the next two days before the monsoon session of the parliament comes to an end and the Upper House can take up and clear the Bill, so that it… Read More
The Government of India has taken up a series of measures to improve Ease of Doing Business in respect of which Department of Industrial Policy and Promotion(DIPP) had issued a notice dated 11th August, 2015. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more… Read More
The President of India had brought the major important amendments by passing the Negotiable Instruments (Amendment) Ordinance, 2015 dated 15th June, 2015 despite of the parliament not being in session but it was necessary in the interest of the stakeholders to pass the same on a speedy basis.The ordinance shall come into force at once.… Read More
The apex court has issued a stay against an order of the Hon™ble High Court of Bombay, dated 15.12.2014, in the matter of PC Joshi Vs. Union of India. The petition before the High Court of Bombay had challenged the levy of service tax on lawyers. The petitioner, before the High Court of Bombay, raised… Read More
A Bill seeking to set up a regulatory authority having powers to recall products and cancel licences of defaulting companies got introduced in Lok Sabha yesterday. The new Bill seeks to create a Consumer Protection Authority which will also have the power to initiate class action suits against defaulting companies which will provide the ease… Read More
Prime Minister Narendra Modi govt will try to pass GST bill setting the path for India™s biggest tax shake-up GST, in a last attempt which is restricted by the opposition. The delay of the bill is happening due to the reason of the majority of BJP in the upper house and that will continue in the same… Read More
The apex retirement fund regulator EPFO have began to invest in capital markets for the first time ever, however, the regulator SEBI has invited for similar investments by other pension funds as well. Welcoming the EPFO decision to invest five per cent of its incremental deposits into capital markets through Exchange Traded Funds (ETFs), other pension funds should also… Read More
The government is likely to get delayed in notifying the provisions concerning the National Company Law Tribunal (NCLT) and its appellate body (NCLAT). Till date, around 60 per cent of the Companies Act, 2013 ” which has a total of 470 sections and seven schedules ” has been notified and enforced. Most of the remaining… Read More
The civil aviation ministry is considering a plethora of monetary incentives for stakeholders across the country™s fledging aviation industry to reduce operating costs for aviation players. The objective behind the same is to enable the common man to fly at least once a year.The concessions are part of the draft aviation policy that is awaiting… Read More
CBDT signs Advance Pricing Agreements (APAS) to usher in certainity in Taxation As a part of a major initiative to usher in certainty in taxation, the Central Board of Direct Taxes (CBDT) entered into two unilateral Advance Pricing Agreements (APAs) on 3 August, 2015 with two Multi-National Companies (MNCs) which includes the first APA with… Read More