Category Archives: other Acts

CA held guilty of professional misconduct for non-detection of fraud in concurrent audit : HC

By | September 7, 2016

Buy Chartered Accountant Act HIGH COURT OF DELHI Council of Institute of Chartered Accountants of India v. Uma Shankar Jha PRADEEP NANDRAJOG AND MS. PRATIBHA RANI, JJ. CHAT. A. REF. NO. 1 OF 2012 AUGUST  11, 2016 Rakesh Aggarwal and Pulkit Aggarwal, Advs. for the Petitioner. ORDER Pradeep Nandrajog, J. – This is a reference… Read More »

Dr. Urjit R. Patel takes over as RBI Governor

By | September 5, 2016

Date : Sep 05, 2016 Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013. He was re-appointed as Deputy Governor on January 11, 2016 after completion of his first three-year term of office. Among his assignments… Read More »

Category: RBI

Spot Price Polling Mechanism

By | September 5, 2016

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/78 September 02, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Dear Sir / Madam, Sub: Spot Price Polling Mechanism 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable… Read More »

Relaxation in export policy for export of Red Sanders wood under Sl. No. 188

By | September 5, 2016

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Notification No. 25/2015-2020 New Delhi Dated the 2nd September, 2016 Subject: Relaxation in export policy for export of Red Sanders wood under Sl. No. 188, Chapter 44 of Schedule 2 of ITC (HS) Classification of Export and Import 2012.… Read More »

Minimum value addition for export of Silver/ Platinum jewellery and articles thereof

By | September 5, 2016

Government of India Ministry of Commerce and Industry Department of Commerce Public Notice No. 28/2015-2020 New Delhi, Dated the 02 September 2016 Sub : Amendment in paragraph 4.61 of Hand Book of Procedures 2015-20. In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the… Read More »

SEBI revises format for publishing financial results by listed cos

By | September 4, 2016

REVISED FORMATS FOR FINANCIAL RESULTS AND IMPLEMENTATION OF IND AS BY LISTED ENTITIES WHICH HAVE LISTED THEIR DEBT SECURITIES AND/OR NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES CIRCULAR NO.IMD/DF1/69/2016, DATED 10-8-2016 1. SEBI vide Circular No. IMD/DF1/9/2015 dated November 27, 2015, had prescribed formats for publishing financial results for the entities which have listed their debt securities and/or… Read More »

Dy. Director of Income Tax has no power to lodge complaint for prosecution against taxpayer

By | September 4, 2016

SUPREME COURT OF INDIA Babita Lila v. Union of India PINAKI CHANDRA GHOSE AND AMITAVA ROY, JJ. CRIMINAL APPEAL NO. 824 OF 2016 AUGUST  31, 2016 JUDGMENT Amitava Roy, J. – Leave granted 2. Being aggrieved by the rejection of their challenge to the initiation of their prosecution under Sections 109/191/193/196/200/420/120B/34 IPC on the basis… Read More »

Bihar Govt. brings composition scheme for developers

By | September 4, 2016

BIHAR VALUE ADDED TAX (AMENDMENT) ACT, 2016 – AMENDMENT IN SECTIONS 2, 14, 35, 36 & 41 AND INSERTION OF SECTION 15C NOTIFICATION NO.LG-01-11/2016/149/LEG.I, DATED 12-8-2016 Be it enacted by the Legislature of the State of Bihar in the Sixty-Seventh year of the Republic of India as follows:— Short title, extent and commencement 1. (1)… Read More »

Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016

By | September 3, 2016

Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 RBI/DNBR/2016-17/46 Master Direction DNBR.PD.009/03.10.119/2016-17 September 02, 2016 Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 The Reserve Bank of India, (the Bank), in exercise of the powers conferred under section 45JA of the Reserve Bank of India Act, 1934… Read More »

Category: RBI

Master Circular on Branch Authorisation – Census data 2011

By | September 2, 2016

Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Authorisation – Census data 2011 RBI/2016-17/60 DBR.No.BAPD.BC.12/22.01.001/2016-17 September 1, 2016 All Commercial Banks (excluding RRBs)/ (Including Small Finance Banks and Payments Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Authorisation – Census data 2011… Read More »

Category: RBI