Govt. releases revised Draft Indian Financial Code
Press Information Bureau Government of India Ministry of Finance 23-July-2015 14:59 IST Revised Draft Indian Financial Code Hosted on the Home Page of the Ministry of Finance; Comments/Suggestions Invited by 8th August, 2015 The Financial Sector Legislative Reforms Commission (FSLRC) set up on 24th March 2011, for re-writing the financial sector laws to bring them in… Read More
FDI Rises to 4-Month High of $3.85 Billion in May
Foreign direct investment (FDI) into India rose to a four-month high of $3.85 billion in May 2015, up 7 per cent compared to the same month of last year, official data showed.In May 2014, FDI stood at $3.60 billion. India received FDI of $3.60 billion in April 2015. The FDI figures for May 2015 are… Read More
SEBI to bring algo trading guidelines in two months
The Securities and Exchange Board of India (Sebi) plans to introduce within two months new norms to regulate algorithmic trading. Algorithm-based trade or high frequency trades are prone to high risks. We are examining a number of options to bring down these risks. The Reserve Bank of India had recently cautioned against these trades. The… Read More
Central Government services have been integrated with eBiz portal
14 Central Government services have been integrated with eBiz portal. S. No. Ministry/ Dept. Name Service Name 1 Ministry of Corporate Affairs Name Availability 2 Ministry of Corporate Affairs Director Identification Number 3 Ministry of Corporate Affairs Certificate of Incorporation 4 Ministry of Corporate Affairs Commencement of Business 5 Central Board of Direct Taxes Issue… Read More
Guidelines for permitting the use of ‘Make in India’ logo
GOVERNMENT OF INDIA Department of Industrial Policy & Promotion BE-III Division F. No.: 5(46)/2014-BE-III … Read More
Fate of GST Bill in Rajya Sabha: Clouds of dissonance on the ongoing Monsoon session
The much talked about Goods and Services tax (GST) Regime has been creating a buzz amongst all, eagerly waiting for the monsoon session of the Parliament to commence with the hope that the much awaited Constitution (122nd Amendment) Bill, 2014 on GST (˜122nd CAB™or ˜GST Bill™) will be passed. The Rajya Sabha Select Panel on GST cleared its draft report… Read More
Central Excise Notification No. 37/2015 CE Dated: 21-7-2015
Government of India Ministry of Finance (Department of Revenue) New Delhi, the 21st July, 2015 Notification No. 37/2015 Central Excise G.S.R. (E).- In exercise of the powers conferred by sub-section (1) and sub-section (2A) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the… Read More
Central Excise Notification No. 38/2015 CE Dated: 21-7-2015
Government of India Ministry of Finance (Department of Revenue) New Delhi, the 21st July, 2015 Notification No. 38/2015 Central Excise G.S.R. (E). - In exercise of the powers conferred by sub-section (1) and sub-section (2A) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is… Read More
Central Excise Notification No. 39/2015 CE Dated: 21-7-2015
Government of India Ministry of Finance (Department of Revenue) New Delhi, the 21st July, 2015 Notification No. 39/2015 Central Excise G.S.R. (E).- In exercise of the powers conferred by sub-section (1) and sub-section (2A) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is… Read More
Launch of e-filing link for declaration of illegal assets
The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government. The relevant ˜Form 6² can be used to declare undisclosed assets under the compliance window of the new anti-black money law,. A digital signature authenticates electronic… Read More
Latest amendments render extended maternity leave, portable gratuity policies, etc., effective in prevalent Labour laws
The government is looking to enhance maternity leave for working women from three months to six months, virtually double bonus payments to employees and make gratuity portable between jobs. "The changes in the Payment of Bonus Act would raise the salary limit for getting a bonus from Rs 10,000 per month to Rs 19,000, and… Read More
Last date for submission of suggestions/ comments to Company Law Committee extended upto 31st July, 2015
Stakeholders have been given more time to submit their suggestions to a high-level panel that has been set up for addressing issues related to the new companies law. The deadline, which was ending today, has now been extended till July 31. Set up by the Corporate Affairs Ministry last month, the Companies Law Committee is expected… Read More
Clarification with regard to circulation and filing of financial statement
General Circular No. 11/2015 No. 1/19/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated 21st July , 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to… Read More
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