The Constitution of India Article 246: Subject-matter of laws made by Parliament and by the Legislatures of States (1) Notwithstanding anything in clauses (2) and (3), Parliament has exclusive power to make laws with respect to any of the matters enumerated in ‘List-I’ in the “Seventh Schedule” (referred as the Union List) (2) Notwithstanding anything in clause… Read More »
Procedure for Haryana Amnesty Scheme, 2016 Effective Date: 27th May, 2016 The Haryana Amnesty Scheme, 2016 is an arrangement for dealers affected during the reservation agitation in the month of February, 2016 to provide relief in respect of tax, interest, penalty or other dues payable for the period from the 01.01.2016 to 31.03.2016. Following are… Read More »
Amendments in Rule 11, 13 & 14 of Haryana Value Added Tax 2003 Effective Date: 25th May, 2016 Following amendments have been made vide Notification No. 15/ST-1/H.A. 6/2003/S.60/2016 dated 25th May, 2016 in Haryana Value Added Tax Rules, 2003: Rule 11 (Procedure for Registration) A proof of deposit of Rs. 500 to the appropriate Government… Read More »
CA professional providing accommodation entries, defrauding revenue, deserves to be debarred from practice for life time IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Reference No. 5 of 2012 (O&M) Date of decision: 18.3.2016 Institute of Chartered Accountants of India .. Petitioner v. Vivek Kapoor and others .. Respondents
Securities and Exchange Board of India CIRCULAR CIR/IMD/FPI&C/59/2016 June 10, 2016 To, All Foreign Portfolio Investors (FPIs) (Through their Designated Depository Participants/Custodians of Securities) Dear Sir/Madam, Subject: Know Your Client (KYC) norms for ODI subscribers, transferability of ODIs, reporting of suspicious transactions, periodic review of systems and modified ODI reporting format. 1. In terms of… Read More »
Clarification regarding FPS benifits to “Other Cast Articles of Iron & Steel”-ITC(HS) code-7325 under SI. No. 279 of Appendix 37 D as revised vide Public Notice 52 dated 25.02.2014. Government of India Ministry of Commerce & Industry Department of commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 08/2016 Dated 09th… Read More »
Insurance Regulatory and Development Authority of India Ref. : IRDA/FM/GDL/CG /100/05/2016 Date:6th June, 2016 Guidelines for Corporate Governance for insurers in India Addendum The Authority has Issued a revised set of Guidelines on Corporate Governance for insurers in India on l8th May, 2016. The guidelines inter-alia incorporate the stipulations regarding the qualifications and other eligibility… Read More »
PR No. 112/2016 SEBI cautions public to deal with only SEBI registered investment advisers and research analysts The general public is hereby cautioned to deal with only SEBI registered investment advisers and research analysts for availing investment advisory services/ research services. The details of SEBI registered investment advisers and research analysts are available… Read More »
RBI/2015-16/421 A.P. (DIR Series) Circular No. 75 June 09, 2016 To All Category – I Authorised Dealer Banks Madam / Sir, Exim Bank’s GoI supported Line of Credit of USD 24.00 million to the Government of the Republic of Cote d’Ivoire Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 22,… Read More »
RBI/2015-16/420 FIDD.GSSD.CO.BC.No.26/09.01.03/2015-16 June 09, 2016 The Chairman / Managing Director All Public Sector Banks Dear Sir / Madam, National Rural livelihoods Mission (NRLM) – Aajeevika – Interest Subvention Scheme Please refer to our circular FIDD.GSSD.CO.BC.No.19/09.01.03/2015-16 January 21, 2016 enclosing guidelines on interest subvention scheme under National Rural Livelihoods Mission (NRLM). 2. In partial modification of… Read More »