Daily Archives: December 14, 2015

Sodexo Meal Vouchers are not ‘goods’, not liable for Octroi or LBT

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NOS. 4385-4386 OF 2015 SODEXO SVC INDIA PRIVATE LIMITED …..APPELLANT VERSUS STATE OF MAHARASHTRA & ORS. …..RESPONDENTS Facts of the case The appellant company is conducting the business of providing pre-printed meal vouchers which are given the nomenclature of ‘Sodexo Meal Vouchers’. As per… Read More »

New Rules for Cancellation and Refund of Railway Tickets

New Rules for Cancellation and Refund of Railway Tickets Under normal circumstances no refund is granted on confirmed, RAC and Waitlisted tickets after the departure of the train. With effect from 12.11.2015, certain provisions of Railway Passengers (Cancellation of tickets and refund of fare) Rules have been amended and comprehensive Railway Passengers (Cancellation of tickets… Read More »

SEBI LISTING AND DISCLOSURE REGULATIONS 2015

SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 NOTIFICATION NO. SEBI/LAD-NRO/GN/2015-16/013, DATED 2-9-2015 In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42… Read More »

Clause 49 of Equity Listing Agreement

Clause 49 of the Equity Listing Agreement SEBI issued CIRCULAR NO. CFD/POLICY CELL/2/2014, DATED 17-4-2014 and mentioned in Part-B – Clause 49 of the Equity Listing Agreement  and it was amended vide circular CIR/CFD/POLICY CELL/7/2014  Dated 15-09-2014  Note  After coming  in to force  SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 NOTIFICATION NO. SEBI/LAD-NRO/GN/2015-16/013, DATED 2-9-2015 the above circulars… Read More »

Safe harbour rules under Income tax Act

Safe Harbour Rules under Income tax Act What is the Power of the CBDT to make safe Harbour Rules ? As per Section 92CB of Income Tax act:- (1) The determination of arm’s length price under section 92C or section 92CA shall be subject to safeharbour rules (2) The Board may, for the purposes of sub-section… Read More »