NBFC – Factors (Reserve Bank) Directions, 2012 – Review
RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/… Read More
Analysis of Inventory to be valued at Cost or NRV / Cost And NRV
Analysis of Inventory to be valued at Cost or NRV / Cost And NRV As per Para 5 of AS-2 and Para -9 of Ind AS “Inventories shall be measured at lower of Cost and Net realizable value. But Few of the companies had also used Cost or NRV whichever is lower in its Notes… Read More
Guidelines on Product Filing Procedures for General Insurance Products
Insurance Regulatory and Development Authority of India 3rd Floor, Parishrama Bhavan, Bashers Bagh, HYDERABAD 500 004. IRDAI/NL/GDL/F&U/030/02/2016 18th February, 2016 To The Chairman-Cum- Managing Directors/Chief Executive officers of General Insurance Companies. Madam/Sir, Guidelines on Product Filing Procedures for General Insurance Products The guidelines on product filing procedures for general insurance products are issued considering the actual… Read More
INTERNATIONAL TAXATION
INTERNATIONAL TAXATION International Tax is best regarded as the body of legal provisions of different countries that covers the tax aspects of cross - border transactions. It is concerned with Direct Taxes and Indirect Taxes - Kevin Holmes INTRODUCTION: International taxation in a simple language means the study of Taxation beyond the National Level. Though… Read More
Competition Commission of India – 6th Annual Day Press Release
COMPETITION COMMISSION OF INDIA PRESS RELEASE Competition Commission of India (‘the Commission’) today celebrated its 6 thAnnual Day which marks the notification of the substantive provisions of the Competition Act, 2002. On the occasion, Shri Ashok Chawla, the Chairperson, Competition Commission of India in his welcome address highlighted the various achievements of the Commission in… Read More
Repurchase of Government Stocks
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) New Delhi, the February 17, 2016. NOTIFICATION Repurchase of Government Stocks F. No.4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii) 7.02 per cent Government Stock 2016… Read More
Amendment in notification No. 12/2012-Customs, dated 17.03.2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2016-Customs New Delhi, the 17th February, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so… Read More
Amendment in notification no. 22/2015-ST dated 6.11.2015
[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 CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 05/2016 Service Tax New Delhi, the 17th February, 2016> 28 Magha, 1937 Saka G.S.R. (E).- In exercise of the powers conferred… Read More
Last date for submission of online application form for empanelment with O/o C&AG for the year 2016-17 is extended to 22nd February, 2016
The last date for submission of online application form for Empanelment with O/o C&AG for the year 2016-17 for audit of PSUs is extended to 22nd February, 2016 as a one time relief. Online application can be filled at http://cagofindia.delhi.nic.in/caregistration/ at the earliest to avoid the last minute rush as no further extension would be… Read More
Notice Inviting Comments on the Draft Companies (Authorised To Registered) Amendment Rules 2016
GOVERNMENT OF INDIA Ministry of Corporate Affairs Notice Inviting Comments on the Draft Companies (Authorised To Registered) Amendment Rules 2016 Dated the 17th February, 2016 1.The draft Companies (Authorised to Registered) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3.… Read More
Notice Inviting Comments on the Draft Companies (Incorporation) Second Amendment Rules 2016
GOVERNMENT OF INDIA Ministry of Corporate Affairs Notice Inviting Comments on the Draft Companies (Incorporation) Second Amendment Rules 2016 Dated the 17th February, 2016 The draft Companies COMPANIES (Incorporation) Second AMENDMENT RULES 2016 i.e. conversion of unlimited liability company into limited liability companyhas been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments… Read More
Cabinet approves Trade Facilitation Agreement (TFA)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Proposal for Notification of Commitments under the Trade Facilitation Agreement (TFA) of World Trade Organization (WTO), ratification and acceptance of the Instrument of Acceptance of Protocol of TFA to the WTO Secretariat and constitution of the National Committee on Trade Facilitation… Read More
Cabinet grants ‘in-principle’ approval to the LIGO-India mega science proposal
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ‘in principle’ approval to the LIGO-India mega science proposal for research on gravitational waves. The proposal, known as LIGO-India project (Laser Interferometer Gravitational-wave Observatory in India) is piloted by Department of Atomic Energy and Department of Science and Technology (DST). The… Read More
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