Monthly Archives: May 2016

Govt dismissed non performing officers

By | May 6, 2016

Government takes strict action against defaulting/non performing tax officials/officers; For the First Time, 33 officials/officers including 7 Group ‘A’ officers prematurely retired for non-performance and 72 officers/officials including 6 Group ‘A’ Officers dismissed in other departmental / disciplinary actions in the last two years. There is a general perception that no action is taken against… Read More »

Gain from unlisted shares taxable under capital gain irrespective of period of holding

By | May 6, 2016

In order to bring about certainty and predictability regarding taxability of income arising from transfer of shares, CBDT gives directions to its field formations that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head ‘Capital Gain’ except in certain circumstances.   Central Board of Direct… Read More »

No need to send individual notices to Directors u/s 138 of Negotiable Instruments Act

By | May 5, 2016

Held In our view, Section 138 of the Act does not admit of any necessity or scope for reading into it the requirement that the directors of the Company in question must also be issued individual notices under Section 138 of the Act. Such directors who are in charge of affairs of the Company and… Read More »

Shifting of registered office within the same State

By | May 5, 2016

Rule – 28, Companies (Incorporation) Rules, 2014 28. (1) An application seeking confirmation from the Regional Director for shifting the registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies, shall be filed by the company with the Regional Director in Form no.INC.23… Read More »

Companies specification of definitions details rules 2014

By | May 5, 2016

RULES FRAMED UNDER COMPANIES ACT, 2013 CHAPTER I : PRELIMINARY COMPANIES (SPECIFICATION OF DEFINITIONS DETAILS) RULES, 2014 In exercise of the powers conferred under sub-clause (ix) of clause (76), sub-clause (iii) of clause (77) of section 2, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the… Read More »

Driver Training Institute

By | May 5, 2016

Fitness and Pollution Centres Road accident black spots are identified and notified based on fatalities on National Highways.  Road Safety audits are carried out as part of the development project or separately.  Safety concerns identified through Audits and identified road accident black spots are rectified as an ongoing process. No separate target of 3000 km… Read More »

Banihal-Baramulla Fast Passenger and Budgam-Baramulla in J & K

By | May 5, 2016

Shri Suresh Prabhu Flags Off Fast Passenger Carrying Train namely Banihal-Baramulla Fast Passenger (DEMU) and Budgam-Baramulla DEMU in the State of Jammu & Kashmir The Union Minister of Railways Shri Suresh Prabhakar Prabhu in the presence of Minister of State for Development of North Eastern Region (I/C), Prime Minister’s Office, Personnel, Public Grievances & Pensions,… Read More »

High speed Wi-Fi hotspot at 3 Railway Stations

By | May 5, 2016

Minister of Railways Shri Suresh Prabhakar Prabhu dedicated to the nation a high speed Wi-Fi hotspot at the three Railway Stations namely, Kacheguda, Raipur and Vijayawada In a further move to implement Prime Minister’s Digital India Prgoramme, Minister of Railways Shri Suresh Prabhakar Prabhu in a programme held today at Railway Bhawan dedicated to the… Read More »

14 New Airports in India

By | May 5, 2016

Setting up of New Airports Government of India (GoI) has granted ‘in-principle’ approval for setting up of 14 Greenfield airports namely, Mopa in Goa; Navi Mumbai, Shirdi and Sindhudurg in Maharashtra; Shimoga, Gulbarga,Hassan and Bijapur in Karnataka; Kannur in Kerala; Pakyong in Sikkim; Datia/Gwalior (Cargo) in Madhya Pradesh; Kushinagar in Uttar Pradesh; Karaikal in Puducherry;… Read More »