Insurance and Regulatory Development Authority of India 07.12.2015 Discussion Paper on Convergence to Ind-As in Insurance Sector This discussion paper covers the approach towards convergence towards Ind-AS in the insurance sector from the date which will be notified by the Authority separately. Definitions.—(1) In these regulations, unless the context otherwise requires — “Act” means the… Read More »
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA All CEOs/CMDs of all General Insurance Companies and Stand-alone Health Insurance Companies Ref:IRDA/NL/RI/MISC/15-16/37 … Read More »
IN THE ITAT CHENNAI BENCH ‘D’ DCS BPO (P.) Ltd. v. Assistant Commissioner of Income-tax CHANDRA POOJARI, ACCOUNTANT MEMBER AND CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER IT APPEAL NO. 3114 (MDS.) OF 2014 [ASSESSMENT YEAR 2008-09] JUNE 19, 2015 Ms. K. Hemalatha, CA for the Appellant. N. Madhavan for the Respondent. ORDER Chandra Poojari, Accountant Member… Read More »
Facts of the case During the previous year under consideration the assessee has inter-alia credited a sum of Rs. 5,05,33,63,209/- directly into the General Reserve Accounts in the Balance Sheet as “profit on sale of investment” without routing it through the profit and loss account of the corresponding year. AO’s contention:- Income of Rs. 5,05,33,63,209′-… Read More »
Facts of the Case M/s Mysore Paper Mills Ltd. issued tender notifications calling for tenders from various contractors for the purpose of felling, conversion, debarking, collection, stacking, transportation and delivery of pulp wood from the captive plantation of the said M/s Mysore Paper Mills Ltd.The appellants are all such contractors appointed by M/s Mysore Paper Mills… Read More »
Progress of Namami Gange Scheme Cabinet approved the Namami Gange program on 13th May, 2015 as a comprehensive approach to rejuvenate the river Ganga and all its tributaries under one umbrella. A total of Rs. 20,000 crore has been allocated for this project to be spent over the next five years (2019).This includes funds allocated… Read More »
Seeks to levy definitive anti-dumping duty on Melamine Tableware and Kitchenware products originating in, or exported from the Peoples Republic of China, Thailand and Vietnam for a period of five year. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] … Read More »
Seeks to levy definitive anti-dumping duty on Phthalic Anhydride, originating in, or exported from Japan and Russia for a period of five year. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 56/2015-Customs (ADD) New Delhi, the… Read More »
F. No.296/07/2015-CX.9 Govt. of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, the 05th December, 2015 OFFICE MEMORANDUM Please find enclosed a press release issued by Central Board of Excise and Customs [CBEC] for taking necessary action at your end. Encls: As above Sd- (Hemambika R. Priya) Commissioner… Read More »
As per Companies Act 2013, it is mandatory to attend the Annual General Meeting but it has certain exemptions. Section 146 of the Companies Act 2013 “Auditors to attend general meeting All notices of, and other communications relating to, any general meeting shall be forwarded to the auditor of the company, and the auditor shall, unless… Read More »