General Circular N o.14/2075 F.01/34/2073-CL.V No. Government of India Ministry of Corporate Affairs **** 5th Floor, A wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi Dated: 28th October, 2015 To All Regional Directors, All Registrar of Companies, All stakeholders Subiect: Relaxation of,additional fees and extension of last date of liling of AOC 4, … Read More »
F. No.L-13/14/2014-IGD Department of Electronics and Information Technology Internet Governance Division 6, CGO Complex, Electronics Niketan, New Delhi – 110003. Dated: 06-04-2015 Subject: Guidelines for allocation of registration under GOV.IN domain. Ref: Office Order vide No. 7(3)/04-CC&BT dated zo” November, 2004 Background: Department of Electronics and Information Technology (hereby referred to as the “Department”) on zo”… Read More »
No cenvat credit should be allowed on amount attributable to service charges which was collected from its employees CESTAT, MUMBAI BENCH Castrol India Ltd. v. Commissioner of Central Excise, Raigad RAMESH NAIR, JUDICIAL MEMBER ORDER NO. A/1529/2015/SMB APPEAL NO. E/86150/2013-MUM. JUNE 15, 2015 Haren M. Gandhi, Manager Indirect Taxes for the Appellant. Ashutosh Nath, Asstt.… Read More »
Facts of the Case :- The appellant entered in royalty agreement with M/s. Shree Arvind Finishers, Ichalkaranji for using the goodwill “Finished by Shri. Arvind processors Pvt. Ltd” for which they were receiving an amount as per the said agreement., The appellant was under bona fide belief that since the VAT has been paid on the… Read More »
Supreme Court of India CIVIL APPELLATE JURISDICTION New India Assurance Company Limited v Abhilash Jewellery CIVIL APPEAL NO(s). 7972 OF 2002 [III (2009) CPJ 2 (SC)] Date of Decision: 22.01.2009 Issue :- The complainant/respondent, who had taken a jeweller’s block policy, lodged a claim with the opposite party insurer for loss of gold ornaments. The… Read More »
Where a cheque was deposited in drop box of Kotak Mahindra Bank and it was stolen and fraudulently encashed by someone through a fictitious account opened in Bank of Baroda. In such a case both Banks were liable for deficiency of services and were directed to pay Rs. 1 lakhs each as compensation to the… Read More »
Companies (Share Capital and Debentures) Second Amendment Rules, 2015. – Provision specifying the manner in which share certificate are required to be signed modified vide Notification F. No. 1/31/2013-CL-V-Part – Dated: May 29, 2015 –Kindly provide the new procedure under this section . Yes, Rule 5(3) of the Companies (Share Capital & Debentures) Rules, 2015… Read More »
The Institute of Chartered Accountants of India has decided to withdraw 5 Guidance Notes on different accounting aspects. The list of the Guidance notes which have been withdraws are as follows:- 1. Guidance Note on Accounting for Depreciation in Companies 2. Guidance Note on Treatment of Reserve Created on Revaluation of Fixed Assets… Read More »
On cancellation of booking of apartment if excess refund is made to old purchaser after taking advance from new purchaser, such excess payment could not be qualified to be interest as defined under section 2(28A); The amount refunded to the purchasers represents the consideration the purchasers paid towards the undivided shares in the property agreed… Read More »
Foreign companies with Indian shareholders won’t have to pay taxes here for their worldwide income unless they are managed from India on an everyday basis. If these foreign companies are managed from outside India, whether or not they are promoted by resident Indians, they will have to pay taxes in India only for the income… Read More »