Announcement regarding registration as an Insolvency Professional with the Indian Institute of Insolvency Professionals of ICAI – (29-11-2016) The Indian Institute of Insolvency professionals of ICAI (IIIPI), a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and… Read More »
FM Arun Jaitley speaks in Lok Sabha on Taxation Laws (Second Amendment) Bill, 2016 Published on Nov 29, 2016 Related Post Lok Sabha Passed Bill to Tax Black Money / Undisclosed Income
Lok Sabha Passed Bill to Tax Black Money / Undisclosed Income Download The Taxation Laws (Second Amendment) Bill, 2016 as passed by Lok Sabha on 29.11.2016 Related Post The Taxation Laws (Second Amendment) Bill, 2016 Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 New Taxation Bill to tax undisclosed income introduced in Lok… Read More »
Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along with this, the Government has also laid increased emphasis on promoting digital payments.… Read More »
Gross Non-Performing Assets (GNPA) The details of Total Advances and Gross Non-Performing Assets (GNPA) including the Number of accounts and Amount Involved of Public Sector Banks (PSBs) as on September 30, 2016 are as under. (Rs. in Crore) Name of the Bank TOTAL ADVANCES GROSS NPA No. of Accounts Amount No. of NPA Accounts… Read More »
Permanent residency status for foreigners The Government has decided to grant Permanent Residency Status (PRS) for 10 years with multiple entry to foreign investors making investment of minimum of Rs. 10 crores to be brought within 18 months or Rs. 25 crores to be brought within 36 months. PRS will also be granted to the… Read More »
RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2016’ Date : Nov 29, 2016 The Reserve Bank of India released today Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on September 30, 2016. The data for this quarterly survey has been collected from all SCBs including… Read More »
CBI starts to file FIRs in public domain New Delhi: CBI has started publishing FIRs on its website, a step which comes in compliance with the Supreme Court order directing every police force to publish FIR records within 24 hours of registration. CBI Director Anil Sinha The agency, which had been citing exemption from RTI Act, whenever asked… Read More »
CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/125 November 28, 2016 All Stock Exchanges and Clearing Corporations in International Financial Services Centre Dear Sir/Madam Guidelines for functioning of Stock Exchanges and Clearing Corporations in International Financial Services Centre (IFSC) 1. Pursuant to announcement in the Union Budget 2015-16 on Gujarat International Finance Tec-City (GIFT), SEBI (International Financial Services Centre) Guidelines, 2015… Read More »
Exposure Draft SECRETARIAL STANDARD ON DIVIDEND The following is the text of the Secretarial Standard-3 (SS-3) on “Dividend”, issued by the Council of the Institute of Company Secretaries of India. Adherence to this Secretarial Standard is recommendatory for all companies to facilitate uniform practices in distribution of profits by way of “Dividend”. (In this Secretarial… Read More »