Corporate Law Reporter - The Daily Journal

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

EPFO has raised interest rate on Provident Fund to 8.8% for Financial Year 2015-16

For Financial Year 2015-16 from 8.75% last year Employees Provident Fund Organization (EPFO) has raised interest rate on Provident Fund to 8.80%.In case of exempted trusts i.e. trusts run by companies who manage their own PF corpus under EPFO guidelines, the increased rate shall also apply. Companies who manage their own PF corpus are required to measure and recognize in their… Read More

Clarification of the term ‘initial assessment year’ in section 80-IA(5) of the Income-tax Act, 1961

Circular No. 1 /2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 15th February, 2016 Subject: Clarification of the term 'initial assessment year' in section 80IA (5) of the Income-tax Act, 1961 Section 80IA of the Income-tax Act, 1961 ('Act'), as substituted by the… Read More

Suggestions invited on proposed amendments to Secretarial Standard on Meetings of the Board of Directors (SS-1) by ICSI

The Institute of Company Secretaries of India (ICSI) has issued Suggestions invited on proposed amendments to Secretarial Standard on Meetings of the Board of Directors (SS-1). To Download complete, please click on link below: Suggestions invited on proposed amendments to Secretarial Standard on Meetings of the Board of Directors (SS-1) by ICSI Read More

Notice inviting comments on the Draft Companies(Indian Accounting Standards) amendment rules 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INDIAN ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Indian Accounting Standards) 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.… Read More

Notice inviting comments on the Draft Companies(Accounting Standards) amendment rules 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (ACCOUNTING STANDARDS) AMENDMENT RULES 2016 Dated the 16th February, 2016 1. The draft Companies (Accounting Standards) 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. Suggestions/comments… Read More

Service Tax and Central Excise (Furnishing of Annual Information Return) 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 CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, the 15th February 2016 26 Magha, 1937 Saka NOTIFICATION NO. 04/2016-SERVICE TAX G.S.R (E).- In exercise of the powers conferred by section 15A,… Read More

CBDT resolves disputes to the tune of Rs 5000 crore under Mutual Agreement Procedure (MAP) of Tax Treaties

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 16 February, 2016 Sub: CBDT resolves disputes to the tune of Rs 5000 crore under Mutual Agreement Procedure (MAP) of Tax Treaties – regarding. Double Taxation Avoidance Agreements (DTAAs) i.e. Tax Treaties signed by India with various… Read More

Day 3 of Make In India Week activities go on as planned at the main venue in BKC

Day 3 of Make In India Week at the MMRDA Grounds in Bandra Kurla Complex in Mumbai is going on as scheduled with enthusiastic participation. The venue is bustling with visitors, exhibitors and participants in various seminars and symposia, undeterred by the accidental fire at Chowpatty last night where a cultural event was being staged.… Read More

Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI

The Institute of Company Secretaries of India has issued Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI. To Download complete, please click on link below: Suggestions invited on proposed amendments to Secretarial Standard on General Meetings (SS-2) by ICSI Read More

First National Conference on the Economics of Competition Law, 2016

The Competition Commission of India (CCI) is organising a two-day national conference on ‘Economics of Competition Law' on 3-4 March, 2016 in New Delhi. The goal of this conference is to provide a forum to the scholars, practitioners and experts working in the area of competition law for exchange of ideas, views and research findings… Read More

Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 released by Auditing and Assurance Standards Board

The Council of the Institute of Chartered Accountants of India at its 350th meeting held on February 10, 2016 approved the Revised Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. To know more, please click on the link below: Revised Guidance Note on Reporting on Fraud under Section 143(12)… Read More

MCA to improve ease of doing business, to introduce Business Identification Number (BIN) for Companies

The Department of Industrial Policy and Promotion(DIPP) is discussing the matter to improve ease of doing business with the Ministry of Corporate Affairs and the government will soon introduce Business Identification Number (BIN) for companies, doing away with multiple registration numbers a single entity needs to obtain for various regulatory purposes. The BIN would act as an identification… Read More