Compliance of SEBI Directive on Women Director The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013. SEBI has mandated that listed companies to appoint one woman director on its board. Companies can appoint any woman as director who is not otherwise disqualified for appointment as a director in terms… Read More »
Declaration of Assets & Liabilities in the new ITR forms Central Board of Direct Taxes (CBDT) have released new income-tax return formswith mandatory provisions of declaring Assets & Liabilities (A&L) such as cars, jewellery yacht, aircrafts, shares, properties, etc. Prior to Assessment Year (A.Y.) 2015-16, the Asset –Liability Schedule (AL schedule) was applicable to filers… Read More »
COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014 NOTIFICATION [FILE NO.1/18/2013-CL.V], DATED 27-2-2014 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:— Short title and commencement 1. (1)These rules may be… Read More »
Date : May 09, 2016 Ease of Doing Business in India: RBI seeks Stakeholders’ Views on Proposed Change in Forex Rules to mandate Demat holding of Securities by Non-residents on Repatriation Basis It is proposed to amend the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 to… Read More »
Date : May 09, 2016 RBI to issue ₹ 1000 banknotes with inset letter ‘R’ The Reserve Bank of India will shortly issue ₹ 1000 denomination banknotes in the Mahatma Gandhi Series – 2005 with the inset letter ‘R’ in both the number panels. The banknotes will also have on the obverse, all the other… Read More »
Mineral concession rules 2016 The Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 prescribe the procedures for regulating the grant of mineral concessions and for purposes connected therewith. The provisions of these rules cover (i) Rights of existing holders of mineral concessions, (ii) Mineral concessions granted through auction, (iii) Terms and… Read More »
Bonus ceiling The ceiling of calculating Bonus for factory workers and establishment with 20 or more workers under section 12 of the Payment of Bonus Act has been increased from Rs.3500/- per month to Rs.7000/- per month or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher with… Read More »
Ranking of Higher Education Institutions The Ministry of HRD has ranked top 100 Universities, 100 Engineering, 50 Management and 50 Pharmacy colleges in the country based on National Institutional Ranking Framework (NIRF). The details of these are available at NIRF websitehttps://www.nirfindia.org/Ranking. No proposal to conduct independent evaluation of these institutions and universities and to… Read More »
Environment Minister launches Web-Based Application on Integrated Waste Management System The Government has launched a web-based application on Integrated Waste Management System (IWMS) – www.iwms.nic.in for better management of waste. Launching the application here today, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Prakash Javadekar, said that it will provide an… Read More »