e-Governance award to EPFO
Employees’ Provident Fund Organisation has been given Gold Award under category “Cat-III – Innovative use of Technology in e-Governance” in the National Award on e-Governance 2015-2016 for its Universal Account Number (UAN) Programme. The award was presented during the 19th National Conference on e-Governance held at Nagpur, Maharashtra on 21st -22nd January 2016. This information… Read More
Amendment to PF Act
A proposal for comprehensive amendment to the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 is under consideration of the Government which, inter alia, includes reducing threshold limit for coverage from 20 to 10 employees under the Act. This was stated by Shri Bandaru Dattatreya, MoS (IC) Labour and Employment in written… Read More
ICSI organises International Corporate Governance Day
15 April 2016 CHIEF OF BUREAU PRESS RELEASE ICSI organises International Corporate Governance Day -Corporate Governance to play vital role in ‘Ease of doing Business’ - New Delhi, Friday, 15th April 2016: In order to have an effective system of rules, practices and processes by which a corporate is directed and controlled, The Institute of… Read More
Extension of due date of DVAT return filing till 16/05/2016 for Q4 15-16
DVAT: Team Sales Tax Bar Association met VATCOM, he assured extension of return filing due date till 16/05/2016 for Q4 15-16. Further assured ITEM NAME AND ITEM CODE to be optional for Q4 15-16. DIGITAL SIGNATURE also made optional for Q4 (All dealers). Circulars to follow soon. Extension of due date of return filing till 16/05/2016 for… Read More
Copyright Law and Technology : Challenging the concept of Balance
The copyright law has symbiotic relationship with technology. The new technology enables a noble ways to enjoy copyrighted content, which opens a new markets for artists to sell their licensed works but when technology opens multiple ways to access the copyrighted works the problems between copyright and technology arises. The two paradigms exist to analyze… Read More
Due date for filing of Service Tax return for the period October-March, 2015-2016 extended from 25th to 29th April, 2016
Due date for filing of Service Tax return for the period October-March, 2015-2016 has been extended from 25th to 29th April, 2016 Read More
Disclosure of Proprietary Trading by Commodity Derivatives Broker to Client and “Pro – account” Trading terminal
CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/49 April 25, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges and their members Dear Sir / Madam, Sub: Disclosure of Proprietary Trading by Commodity Derivatives Broker to Client and “Pro - account” Trading terminal 1. In order to increase the transparency in the dealings between the stock… Read More
Concessions to startups regarding Labour Laws
In order to promote the Start-Up ecosystem in the country and incentivizing the entrepreneurs in setting up new start-up ventures and thus catalyze the creation of employment opportunities through them, the Ministry of Labour & Employment has issued an advisory to the States/UTs/Central Labour Enforcement Agencies for a compliance regime based on self-certification and regulating… Read More
Labour Reforms
Reforms in labour laws are an ongoing process to update legislative system to address the need of the hour and to make them more effective and contemporary to the emerging economic and industrial scenario. The Second National Commission on Labour has recommended that the existing Labour Laws should be broadly grouped into four or five… Read More
Guidance Note on the Companies (Auditor’s Report) Order, 2016
The Ministry of Corporate Affairs has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015. The CARO 2016 contains several new reporting requirements which were not there in the earlier Orders i.e, CARO 2003 and CARO 2015. An… Read More
New Version of Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 available on MCA21
Forms INC-1, INC-7, DIR-3, MGT-6, FC-4 were recently updated on MCA21 Company Forms page. Stakeholders are requested to check the latest version before filing. Read More
Foreign Investment in units by SEBI regulations
RBI/2015-16/377 A.P. (DIR Series) Circular No. 63 April 21, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Foreign Investment in units issued by Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds governed by SEBI regulations Attention of Authorised Dealers Category – I (AD Category - I) banks is invited… Read More
Procedure of Buy Back of Equity Shares in Pvt Ltd
Section 68, 69 & 70 of the Companies Act, 2013 Funds to be used: 1) Free Reserves 2) Securities Premium 3) Proceeds that are generated out of issue of any shares or other specified securities Separate bank Account: 1) Company need to open a separate bank account for the purchase of shares 2) Amount can be paid only in cash… Read More
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