CBDT notification on STT chargeable on Acquisition of shares:
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th June, 2017 INCOME-TAX S.O. 1789(E).—In exercise of the powers conferred by third proviso to the clause (38) of section 10 of the Income-tax Act, 1961 (43 of 1961) hereinafter referred to as the Income-tax Act, the Central Government hereby… Read More
Learn how to raise funds through IPO; few seats left, 16 June, Bangalore
Central Board of Direct Taxes notification on amendment of IT Rules,1962
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd June, 2017 INCOME-TAX G.S.R. 546(E).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby makes the following rules further to amend the Income tax Rules,… Read More
MoF notifies rules on appointment, term of office, salaries of members of tribunals
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 514(E).—In exercise of the powers conferred by section 184 of the Finance Act, 2017 (7of 2017), the Central Government hereby makes the following rules, namely : - 1. Short title, commencement and application.—(1) These rules may be called the Tribunal,… Read More
MCA clarification on transmission of securities to IEPF
General Circular No. 07/2017 No.05/23/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr.R.P.Road, New Delhi Dated: 05th June, 2017 To, All Stakeholders, Nodal Officer’s (IEPF) of Concerned Companies All Regional Director’s & Registrar of Companies of Min of Corp. Affairs Subject: Clarification regarding transmission of… Read More
GST rates finalized as per 15th GST councils meeting held on 3rd June, 2017
GST RATE SCHEDULE FOR CERTAIN GOODS [As per discussion in the GST Council Meeting held on 3rd June, 2017] The chapter-wise and Rate- wise GST schedule for certain goods can be accessed here ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 3rd June, 2017] The… Read More
CBEC: Notification on rate of exchange for conversion of foreign currencies
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 52/2017 - Customs (N.T.) New Delhi, dated the 1st June, 2017 11 Jyaistha, 1939 (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 notification on filing of SFT in respect of savings bonds
RBI/2016-17/313 IDMD.CDD.No.3058/13.01.299/2016-17 May 30, 2017 The Chairman/ Managing Director State Bank of India/Associate Banks/ 17 Nationalised Banks/ Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd./ Stock Holding Corporation of India Ltd. Dear Sir/Madam Submission of Annual Information Return relating to issue of Bonds for 5… Read More
New functionalities released for NPS subscribers and nodal officers:PFRDA
Press Information Bureau Government of India Ministry of Finance 01-June-2017 19:06 IST New Functionalities released under NPS to provide the ease of operation for the benefit of subscribers and nodal offices. Pension Fund Regulatory and Development Authority (PFRDA) takes various initiatives from time to time in order to simplify and improve the operational issues… Read More
SEBI made Intermediary portal for mutual funds operative w.e.f 1st June 2017
CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2017/52 June 01, 2017 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Board of Trustees of Mutual Funds Sub: Online Registration Mechanism for Mutual Funds Dear Sir/Madam, 1. Hon'ble Minister of Finance, Government of India, in his speech while presenting the Budget for FY 2017-18 on February 01, 2017, announced that the process of registration… Read More
SEBI circular on disclosure requirements for Green Debt Securities
A Debt Security shall be considered as Green or „Green Debt Securities‟, if the funds raised through issuance of the debt securities are to be utilised for project(s) and/or asset(s) for Renewable and sustainable energy, Clean transportation, Sustainable water management, Climate change adaptation, Sustainable waste management, Biodiversity conservation or any other category as may be specified by Board. Circular CIR/IMD/DF/51/2017 … Read More
Introduction of Legal Entity Identifier for OTC derivatives markets
The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction for better risk management post the Global Financial Crisis. It has been decided to implement the LEI system for all participants in the Over-the-Counter (OTC) markets, in a phased manner. RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 June 01, 2017… Read More
CBDT extends the date of furnishing of SFT till 30 June 2017
F.No.279/Misc./M-63/2017-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st May 2017 Order Under Section 119 of the Income-tax Act, 1961 The last date for furnishing the statement of financial transactions under Rule 114E (5) of the Income Tax Rules, 1962, (the Rules) read with sub-section (1)… Read More
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