Performance Audit of Crop Insurance Schemes
RBI/2015-16/442 FIDD.No.FSD.BC.28/05.10.007/2015-16 June 30, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Sir, Performance Audit of Crop Insurance Schemes The Comptroller and Auditor General is conducting a performance audit of agricultural crop insurance schemes to examine the efficacy of crop insurance in providing succour to farmers who… Read More
Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
The principal rules were published in the Gazette of India, Extraordinary, part-II, Section 3, sub-section (i), vide number G.S.R. 249(E), dated the 31st March, 2014 and subsequently amended vide notification G.S.R. 390(E) dated 09.06.2014. Please click on the below link on to download the rules: Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 Read More
Companies (Removal of Difficulties) Third Order, 2016
[To be published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii)] Government of India Ministry of Corporate Affairs ORDER New Delhi, the 30th June, 2016. S.O. _ (E). - Whereas, the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on… Read More
Performance Audit of Crop Insurance Schemes
RBI/2015-16/442 FIDD.No.FSD.BC.28/05.10.007/2015-16 June 30, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Sir, Performance Audit of Crop Insurance Schemes The Comptroller and Auditor General is conducting a performance audit of agricultural crop insurance schemes to examine the efficacy of crop insurance in providing succour to farmers who… Read More
Companies (Acceptance of Deposits) Amendment Rules, 2016
The principal rules were published in the Gazette of India, Extraordinary, part II, Section 3, sub-section (i) vide number G.S.R. 256(E), dated the 31st March, 2014 and subsequently amended vide number G.S.R.386(E), dated the 6th June,2014, G.S.R. 241(E), dated the 31st March, 2015 and G.S.R. 695(E), dated the 15th September, 2015. Please click on below link… Read More
MCA releases order regarding listing of the matters before the National Company Law Tribunal
No. 25/1/2016-NCLT Government of India National Company Law Tribunal 6th Floor, Block-3, CGO Complex, Lodhi Road New Delhi-110003 Dated 29th June, 2016 ORDER Consequent to the notification no. S.O. 1935(E) dated 1.6.2016 issued by the Central Government, Ministry of Corporate Affairs following criteria has been laid down for listing of the matters before the National… Read More
MCA releases new versions of Forms CHG-1, CHG-4, DPT-3 and MR-2
Forms CHG-1, CHG-4, DPT-3 and MR-2 are likely to be revised on MCA21 Company Forms Download page w.e.f 2nd July 2016. Stakeholders are advised to check the latest version before filing Read More
Clarifications on the Income Declaration Scheme, 2016
Circular No. 24 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 27th of June, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016… Read More
Amendment in Section 206C of the Income-tax Act vide Finance Act 2016
The Income Tax of India has issued a notification dated 24th June, 2016 regarding Amendment in Section 206C. Please click on the below link to download the complete notification: Amendment in Section 206C of the Income-tax Act vide Finance Act 2016 Read More
Exchange Rate notification with effect from 25th June, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.89/2016 - Customs (N.T.) Dated the 24th June, 2016 03 Ashadha, 1938 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes… Read More
Exchange Rate notification with effect from 24th June, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.88/2016 - Customs (N.T.) Dated the 23rd June, 2016 02 Ashadha, 1938 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes… Read More
Frequently Asked Questions (FAQs) regarding requirements to prepare Consolidated Financial Statements
These FAQs on Consolidated Financial Statements have been issued by the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI). The purpose of these FAQs is to illustrate and to assist in clarifying the requirements regarding preparation of Consolidated Financial Statements 1 (i) Whether a company H ltd is required to… Read More
Service tax on taxable services by way of transportation of goods by a vessel from outside India
[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) NOTIFICATION No. 36/2016-Service Tax New Delhi, the 23rd June, 2016 G.S.R. ---(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of… Read More
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