Daily Archives: November 23, 2016

Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill 2016.

By | November 23, 2016

THE ADMIRALTY (JURISDICTION AND SETTLEMENT OF MARITIME CLAIMS) BILL, 2016 AS INTRODUCED IN LOK SABHA on 21.11.2016 Bill No. 258 of 2016 to consolidate the laws relating to admiralty jurisdiction, legal proceedings in connection with vessels, their arrest, detention, sale and other matters connected therewith or incidental thereto. STATEMENT OF OBJECTS AND REASONS The present… Read More »

The Surrogacy (Regulation) Bill 2016

By | November 23, 2016

The Surrogacy (Regulation) Bill 2016 (India) AS INTRODUCED IN LOK SABHA ON 21.11.2016 Bill No. 257 of 2016  BILL  to constitute National Surrogacy Board, State Surrogacy Boards and appointment of appropriate authorities for regulation of the practice and process of surrogacy and for matters connected therewith or incidental thereto. Key Feature of Surrogacy (Regulation) Bill… Read More »

Registration of Insolvency professional Agency

By | November 23, 2016

Registration of Insolvency professional Agency [as per Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016 ] Eligibility for registration of Insolvency professional Agency No person shall be eligible to be registered as an insolvency professional agency unless it is a company registered under section 8 of the Companies Act, 2013, and – a) its… Read More »

Salary advance for Nov 16 to Non Gazetted employees of Central Government.

By | November 23, 2016

No. 25(30)/E.Coord/2016 Ministry of Finance Department of Expenditure New Delhi the 17th November 2016 OFFICE MEMORANDUM Subject: Salary advance for the month of November 2016 to be paid to NonGazetted employees of Central Government. In terms of Rule 64 (2) of Central Government Account (Receipt & Payment) Rules, 1983, the President is pleased to release… Read More »

Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000

By | November 23, 2016

Small Saving Schemes not allowed to deposit Old currency notes of Rs 500-1000 Ministry of finance has conveyed vide F.No. 1/04/2016-NS, dated: 22.11.2016 that subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes. Small Saving Schemes include Post Office Savings… Read More »

Keyman Insurance Policy Premium of partner paid by Firm is allowable exp : CBDT

By | November 23, 2016

CIRCULAR NO. 38/2016 F.No.279/Misc./ 140/2015-ITJ Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated 22nd November, 2016 Subject: Admissibility of expenditure incurred by a Firm on Keyman Insurance Policy in the case of a Partner- Reg. The issue relating to admissibility of expenditure incurred by a firm on Keyman Insurance… Read More »

Brand rate fixation claim- Revised simplified procedure

By | November 23, 2016

F.No.609/84/2016-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Drawback Division, New Delhi Circular No. 54/2016-Customs, Dated: November 22, 2016 To, Principal Chief Commissioners/ Directors General Chief Commissioners/ Directors General Principal Commissioners/Commissioners, all under CBEC Subject: Further rationalization of revised simplified procedure for fixation of brand rates It… Read More »

Parking Charges Suspension at Airports extended till 28.11.16

By | November 23, 2016

Suspension of Parking Charges at Airports extended till 28.11.16 The Ministry of Civil Aviation has decided to extend the suspension of collection of parking charges at all airports till midnight of 28 November 2016. This has been done in order to facilitate the smooth movement of passengers. Ministry of Civil Aviation 22-November, 2016 2

Insolvency Professional Agencies Regulations 2016 Notified

By | November 23, 2016

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 21st November, 2016 Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016 IBBI/2016-17/GN/REG002..— In exercise of the powers conferred by sections 196, 201, 202, 219, and 220 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Board… Read More »