Rule 26 of the Central Excise Rules, 2002 Facts of the case :- Three firms claimed rebate of Central Excise duty from office of Maritime Commissioner . Rebate was sanctioned and disbursed to them .During Course of post sanction verification of duty payment, it was alleged that rebate claims were filed by submitting false, fabricated… Read More »
Facts of the case : Petitioner and R2 being real brothers were only shareholders in R1 family company . Petitioner alleged that R2 had forged his signatures on petitioner’s alleged resignation letter from directorship and also on alleged Board Resolution allowing appointment of wife of R2 (R3) as new director of company . Further, he… Read More »
On 15 September 2015, the Securities & Exchange Commission of Pakistan (SCEP) issued Statutory Notifications 928(I)/2015 and 929(I)/2015 adopting the IFRS for SMEs. As a result the financial reporting framework in Pakistan is as follows: Entities Situation Listed companies (including foreign companies listed in Pakistan) Public interest companies (public sector company, public utility, financial institution,… Read More »
International Accounting Standards Board (IASB) has issued exposure draft providing guidance on application of materiality while preparing financial statements as per International Financial Reporting Standards (IFRS).It will help management of company to apply the concept of materiality in preparation and presentation of both annual and interim financial statements of the company. The draft specifies the… Read More »
Circular No. 1011/18/2015-CX F.No. 96/108/2014-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ********* New Delhi, the 30th October, 2015 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All), Principal Commissioner of Central Excise (holding charge of Chief Commissioner) (All), Web-master, CBEC Madam/Sir, Subject: – Clarification… Read More »
Guidance Note on Meetings of Board of Directors Suggestions Invited Secretarial Standards have been introduced for the first time in the world and it is understandable that any new initiative would have some teething problems but we are sure that time will prove the indispensable role of Secretarial Standards in enhancing the corporate culture and… Read More »
Unit Linked Insurance Polices (ULIPS) Date: 23-10-2007 Frequently Asked Questions (FAQs) Unit linked guidelines were notified by IRDA on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these products among the insured, especially since the investment risk is borne by the… Read More »
Ref:IRDA/ADMN/NTFN/PER/187/10/2015 Date:30-10-2015 Application for Internship IRDAI proposes to offer internship commencing in December 2015 for a period of 2 to 3 months to eligible students who are pursuing their studies in different faculties in IITs/IIMs/Central Universities/National Law Schools and similar other… Read More »
CIRCULAR CIR/CFD/DIL/7/2015 October 30, 2015 To All Registered Merchant Bankers Dear Sir / Madam,… Read More »
RBI/2015-16/218 IDMD.CDD.No.939/14.04.050/2015-16 October 30, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 It has been decided by the Government of India, as per their Notification F.No. 4(19)-W&M/2014 dated October 30, 2015, to issue Sovereign Gold Bonds, 2015 (“the Bonds”) with effect from November 05, 2015… Read More »