Making amendment to The Customs, Central Excise Duties and Service Tax Drawback Rules 1995
CLR Note- The principal rules were published vide notification number 39/1995-Customs (N.T.), dated 26th May, 1995, in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 441 (E), dated the 26th May, 1995, and was last amended by notification number 20/2015-Custom (N.T.), dated the 10th February, 2015 vide number G.S.R. 81 (E), dated the 10th February,… Read More
Notifying All Industry Rates (AIR) of Duty Drawback w.e.f. 23.11.2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 16th November, 2015 Notification No. 110/2015 - CUSTOMS (N.T.) G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944),… Read More
CLR Flash: Version of Form MGT-7 which are likely to be modified under Companies Act, 2013
The Ministry Of Corporate Affairs(MCA) has introduced the Version of Form MGT-7 which are likely to be modified w.e.f 17th Nov 2015 at 08:00PM. Stakeholders are requested to plan accordingly. Read More
Amendments in Companies Act, 2013 for clarity on CSR norms
Government is likely to make further amendments in the Companies Act along with changes in certain rules as part of its efforts to provide more clarity on Corporate Social Responsibility (CSR) provisions. A government appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is implementing the Act. Under the Companies Act, 2013, certain… Read More
New Revised PAN and TAN application fees with effect from 15th November, 2015
PAN and TAN application fees have been revised due to increase of service tax from 14% to 14.5% (0.5% Swacch Bharat Cess has included in service tax w.e.f. 15-11-2015). So new revised PAN and TAN application fees w. e. f. 15-11-2015 is as follow: 1.For dispatch of PAN card in India:- 107 (inclusive of service… Read More
Review of Foreign Direct Investment (FDI) policy on various sectors
Today, India is the fastest growing economy among major Nations. The World Bank has improved India's ranking by 12 places in the 2016 Study of Ease of Doing Business. FDI has gone up by 40%. Several Global Institutions have projected India as the leading destination for FDI in the World. IMF has branded India as… Read More
Swachh Bharat Cess (SBC) Frequently Asked Questions (FAQ)
SWACHH BHARAT CESS (SBC) FREQUENTLY ASKED QUESTIONS (FAQ) Background: Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now the Government has announced 15th November, 2015 as the date from which the provisions of Section 119 would come into effect (notification No.21/2015-Service Tax, dated… Read More
Seminar on SEBI Listing Regulations, 2015 by ICSI on November 26, 2015 at 01:30 PM
ICSI is organising a Seminar on SEBI Listing Regulations, 2015 on November 26, 2015 at PHD House, New Delhi. Stakeholders are requested to attend the same. To view please access the link given below: Seminar on SEBI Listing Regulations, 2015 Read More
Seminar on Listing Regulations by ICSI on 20th November, 2015 from 09:30 AM to 2:00 PM
ICSI is organising a Seminar on Listing Regulations, 2015 on 20th November, 2015 from 09:30 AM to 2:00 PM at Venue BSE International Convention Hall P. J. Tower, 1st Floor, Dalal Street, Fort, Mumbai 400 001 Stakeholders are requested to attend the same. To view please access the link given below: Seminar on Listing Regulations Read More
Streamlining the Process of Public Issue of Equity Shares and Convertibles
CLR Note: The Securities and Exchange Board of India has issued a circular CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 in Streamlining the Process of Public Issue of Equity Shares and Convertibles. CIRCULAR CIR/CFD/POLICYCELL/11/2015 November 10, 2015 To Recognised Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants Registered Bankers… Read More
Payment of agency commission Certification of claims by external auditors
CLR Note:The Reserve Bank of India(RBI) has issued a notification DGBA.GAD.No.1636/31.12.010/2015-16 dated November 10, 2015 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). RBI/2015-16/233 DGBA.GAD.No. 1636/31.12.010/2015-16 November 10, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission Certification of claims… Read More
ICAI issued Exposure Draft of Draft Guidance Note on Some Important Issues Arising from Schedule II to the Companies Act, 2013
The Institute of Chartered Accountants of India(ICAI) has issued Exposure Draft of Draft Guidance Note on Some Important Issues Arising from Schedule II to the Companies Act, 2013, The Last Date for Comments: November 25, 2015 - 09-11-2015. Guidance Note on Some Important Issues Arising from Schedule II to the Companies Act, 2013 Read More
CBEC provides the composition rate for Swachh Bharat Cess as applicable to ST under sub-rules 7,7A,7B,7C of rule 6 of STR, 1994
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 12th November, 2015 NOTIFICATION No. 25/2015-Service Tax G.S.R. (E).-In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service… Read More
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