Period of holding of shares received on conversion of debentures Section 49(2A) clarifies that for computing capital gains on sale of shares received on conversion of convertible debentures, cost of acquisition of shares shall be cost of convertible debentures and, thus, it shall be deemed to be cost of such shares received on conversion. Thus,… Read More »
Nilimesh Baruah appointed as Director in Serious Fraud Investigation Office
Summary of Facts Complainant buyer had applied for allotment of a flat with respondent builder .Complainant had paid six instalments but builder did not complete construction of flat within three years as stipulated in brochure and did not inform buyer about progress of construction . Later, builder cancelled allotment on ground of alleged failure of… Read More »
NON-BANKING FINANCIAL COMPANY – MICRO FINANCE INSTITUTIONS (NBFC-MFIs) – MODIFICATIONS OF DIRECTIONS CIRCULAR DNBR.CC.PD.NO.069/03.10.01/2015-16, DATED 1-10-2015 In terms of extant instructions on pricing of credit by MFIs, the maximum variance between the minimum and maximum interest rate on loans cannot exceed 4 per cent. 2. The National Scheduled Castes Finance & Development Corporation (NSFDC) under… Read More »
High level committee on CSR unveils report suggesting measures for improved monitoring of CSR policies Click to Read Report ;
SECURITIES APPELLATE TRIBUNAL (SALARIES, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF PRESIDING OFFICER AND OTHER MEMBERS) AMENDMENT RULES, 2015 – AMENDMENT IN RULES 2, 10 AND 11 NOTIFICATION NO. GSR 683(E) [F.NO.3/5/2015-RE], DATED 3-9-2015 In exercise of the powers conferred by section 15L, read with section 15M, 15-O and clauses (db) and (f) of sub-section… Read More »
CREDIT GUARANTEE FUND SCHEME FOR FACTORING (CGFSF) NOTIFICATION NO. SO 2606(E) [F.NO.17/6/2013-I.F. II (VOL.II)], DATED 22-9-2015 In pursuance of the approval of the Cabinet vide its minutes of the meeting dated 10th December 2014 the Central Government hereby makes the following scheme for the purpose of providing guarantees in respect of factoring loans. CHAPTER I… Read More »