RBI/2015-16/373 A.P. (DIR Series) Circular No.61 April 13, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Overseas Direct Investment – Submission of Annual Performance Report Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue… Read More »
RBI/2015-16/372 A.P. (DIR Series) Circular No.60 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the provisions contained in A.P. (DIR Series) circular No. 17 dated September 29, 2015 on issuance… Read More »
RBI//2015-16/374 A.P. (DIR Series) Circular No.62 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investment (ODI) – Rationalization and reporting of ODI Forms Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer… Read More »
Railways Decides to Withdraw the Levy of Port Congestion Surcharge Key benefits of withdrawal of Port Congestion Surcharge :- The Decision is One of the Significant Steps in the Direction of Rationalization of Freight Rate Structure Initiated by the Railways Indian Railways is moving ahead with big bang reforms as announced in the Railway Budget. In… Read More »
NOTICES BY ROC U/S. 206 OF THE COMPANIES ACT, 2013 ASKING INFORMATION OF CSR Ministry of Corporate Affairs seems to be serious about funding of CSR Money. As all the companies are, now a days, being asked by their concerned Registrar of Companies, by sending notice under section 206, to furnish the information/ documents specifically… Read More »
Sagarmala National Perspective Plan Released Prime Minister Shri Narendra Modi today released the National Perspective Plan detailing the contours of Sagarmala, the government’s flagship program to promote port-led development in the country at the inauguration of the Maritime India Summit in Mumbai. The National Perspective Plan has been crafted after detailed consultations with key stakeholders… Read More »
Clarifications regarding Services Provided by Government or Local Authority; Any Service Provided by the Government or a Local Authority to a Business Entity has been Made Taxable with Effect from 1st April 2016. Any service provided by the Government or a local authority to a business entity has been made taxable with effect from… Read More »
Clarifications Regarding Services Provided by way of Assignment of Spectrum Any service provided by the Government or a local authority to a business entity has been made taxable with effect from 1st April 2016. Prior to this, only support services provided by Government to business entities were taxable. In order to clarify doubts raised by… Read More »
Rules of Merger & Demerger for CA Firm _________________________________________ These rules are called Rules of Merger & Demerger amongst the Firms registered with The Institute of Chartered Accountants of India. Concept of Merger & Demerger: The Partnership Act has not prescribed merger & demerger of partnerships. In the corporate world, merger… Read More »
Services (except few) provided by Government or Local Authority to business entities are covered under Reverse Charge Mechanism w.e.f 1st April, 2016 meaning thereby business entities are required to pay Service Tax on services received from Government or Local Authority. To curtail dilemma regrading non-taxability of various charges received by government like registration fee, Central… Read More »