IBBI (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016
Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 IBBI/2016-17/GN/REG001.— In exercise of the powers conferred by sections 196, 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following… Read More
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
RBI/2016-17/154 DCM (Plg) No.1384/10.27.00/2016-17 November 24, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Co-operative Banks Dear Sir, Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel… Read More
Discontinuation of over the Counters Exchange of SBN
RBI/2016-17/155 DCM (Plg) No.1391/10.27.00/2016-17 November 24, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Discontinuation of over the Counters Exchange of SBN Please refer to our circular DCM (Plg) No.1302/10.27.00/2016-17 dated November 17,… Read More
Signing of Bilateral Advance Pricing Agreements (B- APAs)
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th November, 2016. PRESS RELEASE Sub : Signing of Bilateral Advance Pricing Agreements (B- APAs) The CBDT signed 3 bilateral APAs on 18th November, 2016 taking the total number of APAs signed [both- bilateral and unilateral] so far to… Read More
Latest Book on Companies Act, 2013 – Corporate Law Referencer
Corporate Law Referencer FY 2016-17 (Updated upto 15th September 2016) Authored by eMinds Legal, Published by Lexis Nexis A book that is updated daily! Get free access to Companies Act 2013 updated on a real time basis with section wise arrangement of Circulars, Orders, Rules and Notifications at www.corporatelawreporter.com (Register with Unique Code inside to get access with an option… Read More
No extension of last date of annual filing beyond 29th Nov 2016
Stakeholders may please note that there will be no extension of last date beyond 29th Nov 2016 for filing financial statements and Annual Returns under the Companies Act, 2013 using eforms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7 as the case may be without payment of additional fee. Additional fee as applicable from the next day of… Read More
Filing company Annual Reports & Financial statements during the peak filing period
In order to provide seamless services to stake holders filing company Annual Reports & Financial statements during the peak filing period, New registration of View Public Document (VPD) services may not be available from 11.00 AM to 8:00 PM during the period from 24th November to 29th November 2016. Uninterrupted VPD services will, however, be… Read More
Review of requirement for copy of PAN Card to open accounts of FPIs
CIRCULAR CIR/IMD/FPIC/123/2016 November 17, 2016 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) 3. All Recognized Stock Exchanges 4. KYC Registration Agencies (KRAs) Sir/ Madam, Subject: Review of requirement for copy of PAN Card to open accounts of FPIs 1. Please… Read More
Investment/trading in securities by employees of AMC(s) and Trustees of Mutual Funds
The Securities and Exchange Board of India has issued Circular SEBI/HO/IMD/DF2/CIR/P/2016/124 dated November 17, 2016 on Investment/trading in securities by employees of AMC(s) and Trustees of Mutual Funds. Please click on the below link the access the complete circular: Investment/trading in securities by employees of AMC(s) and Trustees of Mutual Funds Read More
Introduction of SPICE for e- MOA and AOA: Incorporation of a Company further simplified
The Ministry of Corporate Affairs (“MCA”), took a valiant and a versatile step towards Government Process Reengineering (“GPR”) by launching a simplified proforma for incorporating a Company electronically (SPICe- form INC-32)[1]as a part of the Companies (Incorporation) Fourth Amendment Rules, 2016on 1st October 2016.[2]By introduction of SPICe, MCA seeks to achieve a speedy incorporation service… Read More
Semiconductor Integrated circuit layout design: An Intellectual property protection in Indian Regime
Abstract The growth and development in the world has far ago created a new stream to be considered as property i.e. the intellectual property. These properties are created by human who possess intelligence, creativity, intellect, etc which ultimately provide them the right in respect of such property, which is furthermore protected by the government. The… Read More
Using GST provisions to curb menace of “Without Bill Sales”
It is a common experience that while you go for shopping, you are asked whether you need a pucca bill for your purchase or you can adjust without getting bill for your purchase. Price to be paid is higher if purchase made with pucca bill; reason being told is that taxes will be added in… Read More
RBI’s Path towards Liberalisation.
The Reserve Bank of India (RBI) lies at the apex of the banking and financial structure of the country. Recently, it published various notifications that loosened certain restrictions and espoused a smooth-running of its policies. The predominant features are discussed hereunder. 1. FDI norms liberalized for NBFC’S: During the Budget Speech of 2016, the Esteemed… Read More
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