Corporate Law Reporter - The Daily Journal

Release of E-filing of Income Tax Returns (ITR) and other forms

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASENew Delhi, 4th April, 2016 Sub: Release of E-filing of Income Tax Returns (ITR) and other forms –reg In pursuance of the Notification of the Income Tax Returns (ITR) for AY 2016-17 on March 31st, 2016, Central Board of Direct… Read More

Foreign Exchange Management (Deposit) Regulations, 2016

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 5(R)/2016-RB April 01, 2016 Foreign Exchange Management (Deposit) Regulations, 2016 In exercise of the powers conferred by clause (f) of sub-section (3) of section 6, sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999)… Read More

Release of new functionality to taxpayers to secure their E-filing account

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4th April, 2016 Sub:Release of new functionality to taxpayers to secure their E-filing account -reg The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect… Read More

Standing Liquidity Facilities for Primary Dealers

RBI/2015-16/355 REF.No.MPD.BC.380 /07.01.279/2015-16 Chaitra 16, 1938 (Sake) April 5, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Primary Dealers Please refer to the First Bi-monthly Monetary Policy statement 2016-17 by Dr. Raghuram G Rajan, Governor dated April 5, 2016, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF)… Read More

Court fee must be refunded in case of compromise-High Court

The Punjab and Haryana High Court has ruled that court fee must be refunded in all cases that end up in a compromise. The ruling by the HC is likely to save litigants a significant amount of money. The ruling by the court is applicable in all cases. The suit is to be determined by… Read More

Point of Taxation (Second Amendment) Rules, 2016 in order to amend Point of Taxation Rules, 2011

[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

Amendment in CENVAT Credit Rules, 2004

[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. 23 /2016- Central Excise (N.T.) New Delhi, the 01st April, 2016 G.S.R. (E). - In exercise of the powers conferred by section 37 of the Central Excise Act, 1944… Read More

Income-tax (9th Amendment) Rules, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 30th day of March, 2016 Income-tax S.O. 1262(E).– In exercise of the powers conferred by section 295 of the Income-tax Act,… Read More

Marketing Campaign in India for International Registration of Trade Marks

Release of report by IIM Bangalore on “Marketing Campaign in India for International Registration of Trade Marks” in cooperation with WIPO and DIPP (Department Of Industrial Policy & Promotion) Marketing Campaign in India for International Registration of Trade Marks Read More

Notification of Income Tax Returns for Assessment Year 2016-17

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1 st April, 2016 Subject: Notification of Income Tax Returns for Assessment Year 2016-17- regarding The Central Board of Direct Taxes has notified the forms for filing of Income-tax returns for Assessment Year 2016-17. These return forms,… Read More

Difficulties in accessing the MCA Portal and filing of e-forms

MCA:2016 April 1, 2016 Shri Tapan Ray Secretary Ministry of Corporate Affairs Shastri Bhawan New Delhi- 110001 Respected Sir Greetings from ICSI ! Sub: Difficulties in accessing the MCA Portal and filing of e-forms It is humbly submitted for your kind attention that due to not so smooth functioning of the site for almost 3-4… Read More

Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009

CIRCULAR SEBI/HO/CFD/DIL/CIR/P/2016/47 March 31, 2016 To, All Recognized Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009 1. SEBI (ICDR) Regulations, 2009 require disclosure of financial information for each of the five financial years immediately preceding the filing… Read More

Recently updated forms INC-1 and MR-1 on MCA21