Daily Archives: November 3, 2016

PF- Nepalese / Bhutanese national deemed to be Indian worker on account of Treaty

By | November 3, 2016

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 2nd November, 2016 G.S.R.1035(E).— In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’… Read More »

Stipend to be paid through bank account of apprentices w.e.f 01.11.2016

By | November 3, 2016

MINISTRY OF SKILL DEVELOPMENT AND ENTREPRENEURSHIP NOTIFICATION New Delhi, the 31st October, 2016 S.O. 3354(E).—In pursuance of sub-rule (3) of rule 11 of the Apprenticeship Rules, 1992, the Central Government hereby notifies the 1st day of November, 2016 as the date from which the stipend shall be paid through the bank account of apprentices. [No.… Read More »

Infrequent number of sales or insignificant in value used in AS 109 -ICAI clarify

By | November 3, 2016

FAQ on Elaboration of terms ‘infrequent number of sales’ or ‘insignificant in value’ used in Ind AS 109 Question Ind AS 109, Financial Instruments, requires an entity to classify financial assets on the basis of the entity’s business model for managing the financial assets. In this regard, under a business model whose objective is to… Read More »

Dividend Distribution Tax -FAQs clarified by ICAI

By | November 3, 2016

Frequently Asked Questions (FAQs) regarding Dividend Distribution Tax This FAQ on Dividend Distribution Tax has been issued by the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI). The purpose of this FAQ is to illustrate and to assist in clarifying the requirements regarding treatment of Dividend Distribution Tax Question: What… Read More »

Section 252 Insolvency and Bankruptcy Code 2016

By | November 3, 2016

Section 252 Insolvency and Bankruptcy Code 2016 Amendments of Act 1 of 2004. 252. The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 shall be amended in the manner specified in the Eighth Schedule. Related Post Book-Commentary on Insolvency and Bankruptcy Code 2016 Insolvency and Bankruptcy Code 2016 Notified by Govt Insolvency and Bankruptcy code… Read More »

Section 250 Insolvency and Bankruptcy Code 2016

By | November 3, 2016

Section 250 Insolvency and Bankruptcy Code 2016 Amendments of Act 32 of 1994. 250. The Finance Act, 1994 shall be amended in the manner specified in the Sixth Schedule. Related Post Book-Commentary on Insolvency and Bankruptcy Code 2016 Insolvency and Bankruptcy Code 2016 Notified by Govt Insolvency and Bankruptcy code 2016 : certain provision to… Read More »

Eighth Schedule- Insolvency and Bankruptcy Code 2016

By | November 3, 2016

Eighth Schedule, Insolvency and Bankruptcy Code 2016 THE EIGHTH SCHEDULE (See section 252) AMENDMENT TO SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003 (1 OF 2004) In section 4, for sub-clause (b), the following sub-clause shall be substituted, namely — “(b) On such date as may be notified by the Central Government in this behalf,… Read More »

Sixth Schedule Insolvency and Bankruptcy Code 2016

By | November 3, 2016

Sixth Schedule Insolvency and Bankruptcy Code 2016 THE SIXTH SCHEDULE (See section 250) AMENDMENT TO THE FINANCE ACT, 1994 (32 OF 1994) In section 88, for the words and figures “and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002”, the words and figures “the Securitisation and Reconstruction of… Read More »

Section 248 Insolvency and Bankruptcy Code 2016

By | November 3, 2016

Section 248 Insolvency and Bankruptcy Code 2016 Amendments of Act 52 of 1962. 248. The Customs Act, 1962 shall be amended in the manner specified in the Fourth Schedule. Related Post Book-Commentary on Insolvency and Bankruptcy Code 2016 Insolvency and Bankruptcy Code 2016 Notified by Govt Insolvency and Bankruptcy code 2016 : certain provision to… Read More »