Daily Archives: February 19, 2016

Ayurvedic Formulation for Treatment of Malaria & Diabetes

By | February 19, 2016

Agreement for Commercialisation of an Ayurvedic Formulation for Treatment of Malaria and an Ayurvedic Formulation for Treatment of Diabetes National Research Development Corporation (NRDC), an Enterprise of the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. of India, New Delhi and M/s Dabur India Ltd., New Delhi have entered into License… Read More »

Civil Services Main Examination 2015 Result declared

By | February 19, 2016

Civil Services Main Examination 2015 Result declared On the basis of the Result of the Civil Services (Main) Examination, 2015 held by the Union Public Service Commission from 18th to 23rd December, 2015, the candidates with the following Roll Numbers have qualified for the Personality Test for selection to the Indian Administrative Service, Indian Foreign… Read More »

Interest on fixed deposits is Capital receipt as FDR was linked with Setting up of Power Plant

By | February 19, 2016

Facts of the case The Assessing Officer had noted that the assessee had received an amount of Rs. 70,75,843/- from State Bank of Mysore as interest on fixed deposits but that the said amount was not declared in the return of income as ‘income from other sources’. It was also noted by the Assessing Officer… Read More »

Service tax on all Services Provided by Govt to Business Entities w.e.f 01.4.2016

By | February 19, 2016

Seeks to appoint 1th day of April, 2016 as the date with effect from which the provisions of Section 109(1) as contained in the Finance Act, 2015 shall come into effect.   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE  (DEPARTMENT OF… Read More »

No Service Tax on Services provided by Government to Business entity having turnover upto Rs 10 Lakh

By | February 19, 2016

Seeks to amend Notification No. 25/2012 by inserting new entry for granting exemption from service tax for the services provided by Government or a local authority to a business entity having turnover upto rupees of ten lakh in the preceding financial year [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,… Read More »

IRDA Guidelines on Product Filing Procedures for General Insurance Products

By | February 19, 2016

Guidelines on Product Filing Procedures for General Insurance Products The guidelines on product filing procedures for general insurance products are issued considering the actual experience gained on the guidelines and circulars on file and use requirements for general insurance products in force, evolving needs of consumers and flexibility required for general insurers to respond to… Read More »

SEBI issued Regulations in case of dissenting shareholders

By | February 19, 2016

CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO DISSENTING SHAREHOLDERS   THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, February 17, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND… Read More »

SEBI AMENDED SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS REGULATIONS

By | February 19, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, February 17, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2015-16/035.─ In exercise of the powers conferred under… Read More »