Investments by NRIs as FDI and in stock changes
Investments by NRIs as FDI and in stock changes Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 dated May 3, 2000 as amended from time to time: As per Regulations 5(1), NRIs may invest… Read More
MCA amends Incorporation Rules w.r.t. shifting of registered office
Ministry of Corporate Affairs vide its notification MCA dated 27th July, 2017, has amended the Companies (Incorporation) Rules, 2014 and changes has been made in Rule 28-Shifting of Registered Office within the same State and Rule 30-Shifting of Registered office from one State or union Territory to another State. Further, as per amended Rule 30,… Read More
Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017
MINISTRY OF COMMERCE (DIRECTORATE GENERAL OF FOREIGN TRADE) ORDER New Delhi, the 25th July, 2017 S.O. 2322(E).—In exercise of the powers conferred by section 3, read with section 4, of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), as amended by the Foreign Trade (Development and Regulation) Amended Act, 2010 the Central… Read More
Govt. discontinues imposition of Anti-dumping duty on imports of ‘Soda Ash’
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF ANTI-DUMPING & ALLIED DUTIES) NOTIFICATION New Delhi, the 22nd July, 2017 Sub. : Order issued for annulment of Sunset review Anti-Dumping Initiation Notification No. 7/5/2017-DGAD, dated 16.6.2017—reg. F. No. 7/5/2017-DGAD.—1. Whereas, a Sunset review anti-dumping investigation concerning imports of ‘Soda Ash’, originating in or… Read More
Appointment of Statutory Central Auditors (SCAs) – modification of rest period: RBI
RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 The Chief Executive Officers All Indian Private Sector Banks/ All Foreign Banks operating in India Dear Sir/Madam, Appointment of Statutory Central Auditors (SCAs) – modification of rest period Please refer to DBS.No.ARS.BC.8/08.91.001/2000-2001 dated January 30, 2001 addressed to private sector banks in terms of which, inter alia, an audit firm,… Read More
Exporter will be eligible for refund of Compensation Cess paid on goods :CBEC
Circular No.1 /1/2017-Compensation Cess F.No.354/136/2017-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** New Delhi, Dated 26th July, 2017 To Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/Commissioners, All under CBEC. Madam/Sir, Subject: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to… Read More
Govt. amends Central Tax Rules, 2017
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 27th July, 2017 No. 17/2017–Central Tax G.S.R. 965(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend… Read More
Central Govt. notifies Goods and services Tax Settlement of funds Rules, 2017
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th July, 2017 G.S.R. 964(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), section 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)… Read More
Exporter to declare no input tax credit of CGST or IGST has been availed on export products
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 26th July, 2017 No. 73/2017-CUSTOMS (N.T.) G.S.R. 954(E).—In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central , and if necessary, establish to the… Read More
SEBI amends International Financial Services Centres Guidelines, 2015
Securities and Exchange Board of India CIRCULAR SEBI/HO/CIR/P/2017/85 July 27, 2017 To, 1. All Recognised Stock Exchanges/ Clearing Corporations in International Financial Services Centre (IFSC) 2. All Recognised Stock Exchanges, Clearing Corporations and Depositories 3. All Registered Intermediaries Dear Sir / Madam, Subject: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015… Read More
Govt. notifies Andaman and Nicobar islands Value Added Tax Regulation, 2017
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 26th July, 2017/Shravana 4, 1939 (Saka) THE ANDAMAN AND NICOBAR ISLANDS VALUE ADDED TAX REGULATION, 2017 CHAPTER I PRELIMINARY 1. (1) This Regulation may be called the Andaman and Nicobar Islands Value Added Tax Regulation, 2017. (2) It extends to the whole of the Union… Read More
CBDT vide order dt. 26 July 2017 directs designated officer to furnish bulk info. to MCA
F.No. 225/252/2017/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 26th of July, 2017 Order In exercise of powers conferred under section 138(1)(a) of Income tax Act, 1961 (‘Act’), the Central Board of Direct taxes hereby directs that Principal Director General of Income-tax (Systems), New-Delhi (Pr. DGIT(Systems)) shall be the… Read More
Govt. directs CBDT to furnish specified information to MCA
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PARTII, SECTION 3 SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT FO REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, the 26th of July, 2017 NOTIFICATION In pursuance of sub- clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-Tax… Read More
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