MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st December, 2016 S.O. 3605(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Maharashtra Electricity Regulatory… Read More »
Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions post demonetisation of Specific Bank Notes by the Government w.e.f. midnight of 8th November 2016 Pursuant to the decision of the Government to demonetise Specified Bank Notes w.e.f. midnight of 8th November 2016, Banks have done commendable work… Read More »
MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 1st December, 2016 S.O. 3604(E).—In exercise of the powers conferred by clause (a) of sub-section (3) of section 110 of the Motor Vehicles Act, 1988 (59 of 1988), the Central Government hereby exempts the transport vehicles notified by the State Government under sub-rule (2) of… Read More »
Seeks to further amend notification No. 12/2012-Central Excise dated 17th March, 2012, in respect to the excise duty exemption on branded gold coins of purity 99.5% and above. Notification NO 36/2016-CE, dt. 01-12-2016
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th November, 2016 S.O. 3591(E).—In exercise of the powers conferred by sub-section (4) of section 419 of the Companies Act, 2013 (18 of 2013), read with clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the Code),… Read More »
Section 238 of Insolvency and Bankruptcy Code 2016 [ Note : Section 238 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Provisions of this Code to override other laws. 238. The provisions of this Code shall have effect, notwithstanding anything inconsistent therewith contained in any other law for… Read More »
Section 237 of Insolvency and Bankruptcy Code 2016 [ Note : Section 237 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Appeal and revision. 237. The High Court may exercise, so far as may be applicable, all the powers conferred by Chapters XXIX and XXX of the Code… Read More »
Section 236 of Insolvency and Bankruptcy Code 2016 [ Note : Section 236 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Trial of offences by Special Court. 236. (1) Notwithstanding anything in the Code of Criminal Procedure, 1973 (2 of 1974), offences under of this Code shall be… Read More »
Section 231 of Insolvency and Bankruptcy Code 2016 [ Note : Section 231 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Bar of jurisdiction. 231. No civil court shall have jurisdiction in respect of any matter in which the Adjudicating Authority is empowered by, or under, this Code… Read More »
Section 198 of Insolvency and Bankruptcy Code 2016 [ Note : Section 198 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Condonation of delay. 198. Notwithstanding anything contained in this Code, where the Board does not perform any act within the period specified under this Code, the relevant… Read More »