Amendment notification w.r.t. Schedule VII under CA 2013
The Ministry of Corporate Affairs issued a notification dated 6.08.2014 with respect to amendment in Schedule VII under the CA 2013 with respect to section 135 of the act which contains the provisions of Corporate Social Responsibility. The Schedule VII under the act contains the terms of reference for devising the policy and the charter… Read More
RBI all set for the Statutory liquidity ratio (SLR) cut for future planning
Reserve Bank of India has lowered statutory liquidity ratio (SLR) by 50 basis points and told banks to prepare themselves for higher credit growth when the economy picks up. Governor Raghuram Rajan said that the reduction in SLR might not spur credit growth immediately but it would enable banks to meet credit demand whenever necessary.… Read More
Major relief for withdrawal of funds under para 68B of EPF Act, 1952
The Employees Provident Fund Organisation (Ministry of Labour) has issued a notification to provide major relief towards manner of withdrawal of funds under para 68B of EPF Act, 1952 for housing purpose. The Form 31 which talks about the withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a… Read More
Foreign Trade Policy for 2014-19 to be out by the end of this month
The Ministry of Commerce and Industry is expected to announce the new five-year foreign trade policy (2014-19) by the end of this month as it seeks to boost manufacturing and exports, among other things. The Director General of Foreign Trade is giving final touches to the policy. The new policy would focus on wide range… Read More
RBI may focus on easing fund flow and cut down rates
The Reserve Bank of India is unlikely to cut rates at its August 5, 2014 monetary policy announcement, but may prepare ground for an easier rate regime by introducing some liquidity measures. Meanwhile, indicators of an imminent revival in growth will take the pressure off the central bank as it focuses on its anti-inflation campaign.… Read More
Mandatory On-line filing of Copyright Application
Copyright Registration cannot be applied physically after 01.08.2014 as copyright Department is closing its physical filing counter. After 01st August, 2014 only online application can be submitted to Copyright Department. The physical filing at Copyright Department cannot be done after 01st August, 2014. As, Copyright Department was having only one filing counter overall India at… Read More
FII’s capital inflow increases as stable government in India
The Foreign inflow of capital has increased and has been phenomenal over the past many years when the comparison was made with the previous years stats. India has become FII's favorite as the stable government is now in place. There has been a total infusion investment in foreign currency in India over $6 billion alone… Read More
Version of certain e-Forms changed w.e.f 2nd August, 2014
The Ministry of Corporate Affairs issued a general notice to draw the attention of all the stakeholders as version of certain e-Forms i.e.INC-1, INC-2, INC-7, CHG-1,CHG-9 and FC-3 has changed with effect from 2nd August, 2014. So, a request is made to all the stakeholders to plan accordingly while filing such e-forms in order to… Read More
Low tax regime to boost Industry growth and employment opportunities says FM
The Hon'ble Minister of Finance Shri Arun Jaitley, announced some concessions for the mutual fund industry and the Income Tax payers while declaring that this Government is not a high tax government rather we will move into he phase of low tax regime thereby flourishing Industrial growth and creating more and more employment opportunities. Jaitley,… Read More
Clarification of the provisions w.r.t Appointment of Auditor by C & AG under CA 2013
The Ministry of corporate affairs issued a circular no. 33/2014 dated 31.07.2014 in order to provide clarification in respect of the representations received for the appointment of auditors by Comptroller and Auditor General of India for the deemed Government Companies as previously contained in Section 619B of the Companies Act, 1956 i.e. companies where the… Read More
Cost ceiling w.r.t. trade credits for Imports into India to apply till 31st Dec.2014
RBI/2014-15/152 A.P. (DIR Series) Circular No.16 July 28, 2014 To, All Category - I Authorized Dealer Banks Madam / Sir, Trade Credits for Imports into India ” Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 122 dated April 10, 2014 relating to the all-in-cost ceiling… Read More
Cost ceiling specified in ECB policy to apply till 31st December, 2014
RBI/2014-15/153 A.P. (DIR Series) Circular No.17 July 28, 2014 To, All Category - I Authorized Dealer Banks Madam / Sir, External Commercial Borrowing (ECB) Policy ” Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 121 dated April 10, 2014 relating to the all-in-cost ceiling for… Read More
Big relief for Companies as maintaining Registers and Records under CA 2013 in electronic form made optional
The Ministry of Corporate Affairs issued Companies (Management and Administration) Second Amendment Rules, 2014 dated 24.07.2014 giving a sense of big relief to the companies w.r.t. Compulsory maintenance of registers and records in electronic form under Companies Act, 2013 as it was probing as an obstacle for the companies because of lack of clarity on… Read More
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