Amendments in Schedule III of the Companies Act, 2013 (18 of 2013)

In exercise of the powers conferred by sub section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to Schedule III of the said Act with effect from the date of publication of this notification in the Official Gazette. The said notification inserts Division II at the… Read More

FAQs on limits of Secretarial Audit

1. What is the limit for the issue of Secretarial Audit Reports for financial year 2016-17? The Council of the Institute at its 235th meeting held on February 11, 2016 reviewed the existing limits for the issue of Secretarial Audit Reports and decided as below:  10 Secretarial Audits per partner/ PCS, and  an… Read More

Revision of interest rates for Small Savings Schemes

RBI/2015-16/362 DGBA.GAD.3175/15.02.005/2015-16 April 07, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004   Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject. The Government of India,… Read More

ICSI Webinar on Companies (Amendment) Bill, 2016

CL&G:2016 April 06, 2016 Dear Professional Colleague, Subject: ICSI Webinar on Companies (Amendment) Bill, 2016 ICSI is conducting a webinar on Companies (Amendment) Bill, 2016 from 02:30 p.m. to 05:30 p.m. on 8th April, 2016 to hold discussion on the amendments proposed in Companies (Amendment) Bill, 2016 and its implications on the various corporate compliances.… Read More

President’s Message – April 2016 – (30-03-2016)

Dear Professional Members, Quality of professionalism imparts that success emanates as a by-product of righteous work. Let us believe in the Shrimad Bhagavad Gita’s sermon: No one who does good work will ever come to a bad end, either here or in the world to come. Let us imbibe this perception. Likewise, all of us… Read More

Exchange Rate notification with effect from 05th April, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS)  Notification No. 47/2016 - Customs (N.T.)   Dated the 04th April, 2016 15 Chaitra, 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… Read More

Cabinet approves recommendations of 14th Finance Commission on fiscal deficit targets and additional fiscal deficit to States during 2015-20

The Union Cabinet chaired by the Hon’ble Prime Minister has today given its approval to Recommendations on Fiscal Deficit Targets and Additional Fiscal Deficit to States during Fourteenth Finance Commission (FFC) award period 2015-20 under the two flexibility options recommended in para 14.64 to 14.67 of its Report (volume – I). FFC has adopted the… Read More

Companies(Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification New Delhi, the 4th April, 2016 G.S.R. (E) - In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act,… Read More

Record setting year for taxpayer services, issue of refunds by CBDT

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4th April, 2016 Sub: Record setting year for taxpayer services, issue of refunds by CBDT -reg The Central Board Direct Taxes achieved significant success in delivery of taxpayer services in Financial Year 2015-16, a record setting year… Read More

Notice for abandonment of Trademark Applications by Trademarks Authority

GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 CG Office/TMR/Public Notice/2016 dated: 04/04/2016 Public Notice This office has taken steps to treat the applications as abandoned in which no reply to examination report containing office objections to… Read More

Mediation in cases pending before Registrar of Trade Marks, at the Trade Marks Registry Delhi

GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 No. CG/TMR Del/DSLSA/ Dated: 31.03.2016 PUBLIC-NOTICE Mediation in cases pending before Registrar of Trade Marks, at the Trade Marks Registry Delhi In view of the pendency of Opposition/Rectification… Read More

Point of Taxation (Second Amendment) Rules, 2016

[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. 21/2016-Service Tax, New Delhi, the 30th March, 2016 G.S.R.---(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the… Read More

Change in Bank Rate

RBI/2015-16/358 DBR.No.Ret.BC.90/12.01.001/2015-16 April 05, 2016 The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks Dear Sir / Madam, Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.42/12.01.001/2015-16 dated September 29, 2015 on the captioned subject. 2. As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 05, 2016, the Bank Rate… Read More

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