Monthly Archives: October 2016

Prohibition of Benami Property Transactions Act 1988

By | October 29, 2016

Press Information Bureau Government of India Ministry of Finance 28-October-2016 17:30 IST Prohibition of Benami Property Transactions Act, 1988. Benami Property Transactions Act, 1988 has been amended by the Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act). The rules and all the provisions of the BTP Amendment Act shall come into force on 1stNovember,… Read More »

Illustrative Consolidated Financial Statements as per IFRS

By | October 28, 2016

Illustrative Consolidated Financial Statements This edition contains the illustrative consolidated financial statements for Good Bank (International) Limited and subsidiaries for the year ended 31 December 2016. The illustrative financial statements are prepared in accordance with IFRS in issue at 30 September 2016 and effective for annual periods beginning 1 January 2016. Commentary Companies in certain… Read More »

Notification of Sovereign Gold Bond Scheme 2016-17 Series III

By | October 28, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 20th October, 2016 G.S.R. 992(E).—In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby makes the following Scheme, namely: 1. Short title and commencement: (i) This scheme may be… Read More »

Rights of Investors of Sovereign Gold Bond Scheme 2016-17

By | October 28, 2016

Rights of Investors of Sovereign Gold Bond Scheme 2016-17  Rights of the Investors of  Sovereign Gold Bond Scheme 2016-17 a) Holding Certificate will be issued to the investor. b) The interest on the bond is paid half-yearly. The servicing of the Interest will be done through the bank account provided in the Application form or… Read More »

GST and Impact Presentation

By | October 28, 2016

GST Impact Presentation     Free Education Guide on Goods & Service Tax (GST) SR No Topic -GST Resources 1 Model GST Law Model GST Law 2 GST Overview Goods and Services Tax (GST): An Overview Integrated Goods & Service Tax (IGST) Act Overview Meaning and Scope of Supply Time of Supply Place of Supply of… Read More »

Revision Application in Indirect Taxes (India) -E Book

By | October 28, 2016

Revision Application in Indirect Taxes (India) 1. Introduction 1.1 The Revision Application Unit of the Department of Revenue, Ministry of Finance, Government of India deals with the Revision Applications filed before Central Government in specified Customs and Central Excise matters under section 35 EE of Central Excise Act, 1944 and section 129 DD of Customs… Read More »

Ammonium Nitrate Import/Export Compliance

By | October 28, 2016

Compliance For Import/Export of Ammonium Nitrate Abbreviations AN Rules:  Ammonium Nitrate Rules, 2012 CAS No:  Chemical Abstract Service Number [CAS numbers are used to provide a unique, unmistakable identifier for chemical substances and provide an unambiguous way to identify a chemical substance A CAS No. is separated by hyphens into three parts-the first consisting from… Read More »

Dishonour of post-dated cheques covered by section 138 of Negotiable Instruments Act

By | October 28, 2016

whether in the facts of the present case, the dishonour of a post-dated cheque given for repayment of loan installment which is also described as “security” in the loan agreement is covered by Section 138 of the Negotiable Instruments Act, 1881 (“the Act”). Held Dishonour of cheque in the present case being for discharge of… Read More »