Monthly Archives: December 2016

ESIC Applicability – Threshold Salary Limit increased to Rs 21000 -Govt Notification

By | December 27, 2016

The Employees’ State Insurance Corporation (ESIC) raised the monthly wage threshold to Rs 21,000,from the current Rs 15,000, for coverage under its health insurance scheme.  The wage limit for coverage of an employee under sub-clause (b) of clause (9) of Section 2 of the Act shall be  twenty one thousand rupees w.e.f 01.01.2017 vide notification… Read More »

Year End Review – 2016 -Ministry of Corporate Affairs Achievements -422 Sections of Companies Act notified

By | December 27, 2016

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules Year End Review – 2016 Ministry of Corporate Affairs   Following are the… Read More »

Draft Food Safety and Standards -Fortification of Food- Regulations 2016

By | December 27, 2016

MINISTRY OF HEALTH AND FAMILY WELFARE (FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA) NOTIFICATION New Delhi, the 23rd December , 2016. F. No. 11/03/Reg/Fortification/2014.—The following draft of the Food Safety and Standards (Fortification of Foods) Regulations, 2016, which the Food Safety and Standards Authority of India proposes to make with the previous approval of the… Read More »

10 Worst excuses for late filing of tax returns in UK

By | December 27, 2016

Excuses for late filing of tax returns Source : https://www.gov.uk [ Her Majesty’s Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, and the administration of other regulatory regimes including the national minimum… Read More »

Delhi Metro Station to Go Cashless from 01st Jan 2017 – Steps to follow for Token

By | December 27, 2016

10 Metro stations of the Delhi Metro network will go completely cashless in their transactions from 1st January, 2017 onwards as part of the Government of India’s vision to transform India into a cashless economy. The cashless transactions for token/smart card purchase/top up at these stations can be done through Paytm by using Paytm QR-code, which… Read More »

Disclosure of financial information in offer document for REITs

By | December 27, 2016

Securities and Exchange Board of India CIR/IMD/DF/141/2016 December 26, 2016 To All Real Estate Investment Trusts (REITs) All Parties to REITs All Stock Exchanges All Merchant Bankers Dear Sir / Madam, Sub: Disclosure of financial information in offer document for REITs 1. Regulation 15 (2), read with Schedule III, of the SEBI (Real Estate Investment… Read More »

Draft Bank Branch Auditors’ Panel for year 2016-17

By | December 27, 2016

Draft Bank Branch Auditors’ Panel for year 2016-17 Dear Colleagues,  Please find placed below Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2016-17 . To view your category and remarks thereof, if any, please click on the relevant interval:. MEF00001-05000 MEF05001-10000 MEF10001-15000 MEF15001-20000 MEF20001-25000 MEF25001-30000 MEF30001-35000 MEF35001-40000 MEF40001-45000 MEF45001-50000 MEF50001-55000 MEF55001-60000 MEF60001… Read More »