Daily Archives: May 5, 2016

No need to send individual notices to Directors u/s 138 of Negotiable Instruments Act

By | May 5, 2016

Held In our view, Section 138 of the Act does not admit of any necessity or scope for reading into it the requirement that the directors of the Company in question must also be issued individual notices under Section 138 of the Act. Such directors who are in charge of affairs of the Company and… Read More »

Shifting of registered office within the same State

By | May 5, 2016

Rule – 28, Companies (Incorporation) Rules, 2014 28. (1) An application seeking confirmation from the Regional Director for shifting the registered office within the same State from the jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies, shall be filed by the company with the Regional Director in Form no.INC.23… Read More »

Companies specification of definitions details rules 2014

By | May 5, 2016

RULES FRAMED UNDER COMPANIES ACT, 2013 CHAPTER I : PRELIMINARY COMPANIES (SPECIFICATION OF DEFINITIONS DETAILS) RULES, 2014 In exercise of the powers conferred under sub-clause (ix) of clause (76), sub-clause (iii) of clause (77) of section 2, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the… Read More »

Driver Training Institute

By | May 5, 2016

Fitness and Pollution Centres Road accident black spots are identified and notified based on fatalities on National Highways.  Road Safety audits are carried out as part of the development project or separately.  Safety concerns identified through Audits and identified road accident black spots are rectified as an ongoing process. No separate target of 3000 km… Read More »

Banihal-Baramulla Fast Passenger and Budgam-Baramulla in J & K

By | May 5, 2016

Shri Suresh Prabhu Flags Off Fast Passenger Carrying Train namely Banihal-Baramulla Fast Passenger (DEMU) and Budgam-Baramulla DEMU in the State of Jammu & Kashmir The Union Minister of Railways Shri Suresh Prabhakar Prabhu in the presence of Minister of State for Development of North Eastern Region (I/C), Prime Minister’s Office, Personnel, Public Grievances & Pensions,… Read More »

High speed Wi-Fi hotspot at 3 Railway Stations

By | May 5, 2016

Minister of Railways Shri Suresh Prabhakar Prabhu dedicated to the nation a high speed Wi-Fi hotspot at the three Railway Stations namely, Kacheguda, Raipur and Vijayawada In a further move to implement Prime Minister’s Digital India Prgoramme, Minister of Railways Shri Suresh Prabhakar Prabhu in a programme held today at Railway Bhawan dedicated to the… Read More »

14 New Airports in India

By | May 5, 2016

Setting up of New Airports Government of India (GoI) has granted ‘in-principle’ approval for setting up of 14 Greenfield airports namely, Mopa in Goa; Navi Mumbai, Shirdi and Sindhudurg in Maharashtra; Shimoga, Gulbarga,Hassan and Bijapur in Karnataka; Kannur in Kerala; Pakyong in Sikkim; Datia/Gwalior (Cargo) in Madhya Pradesh; Kushinagar in Uttar Pradesh; Karaikal in Puducherry;… Read More »

Centre asks States to use Rs 292 crores funds for fodder development

By | May 5, 2016

Centre asks States to use Rs 292 crores funds for fodder development and immediately prepare an action plan for this purpose Centre to coordinate movement of fodder for surplus area to deficient areas with Railways Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture & Farmers Welfare, Shri Devendra Chaudhry today here held… Read More »

All Metros asked to speed up appointment of Independent Directors

By | May 5, 2016

All Metros asked to speed up appointment of Independent Directors and promote efficiency Views of respective States to be taken on a Regulator for Metros Centre lauds Lucknow Metro progress All Metros across the country being built and operated with Central Government equity have been asked to promote efficiency while hiring manpower and in procurement… Read More »

Exchange rate of foreign currency relating to imported and export goods notified

By | May 5, 2016

Exchange rate of foreign currency relating to imported and export goods notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.55/2016-CUSTOMS (N.T.), dated 21st  April, 2016, except as respects things done… Read More »

No proposals for closure of ration shops / discontinuing subsidies : Govt

By | May 5, 2016

Source :Ministry of Commerce & Industry Rejoinder to factually incorrect information circulated in the Social Media regarding the WTO Ministerial Conference held in Nairobi in December 2015 The Department of Commerce, Government of India  has come across a video in Tamil, posted on the social networking site Facebook, where   Shri Thirumurugan Gandhi has made factually… Read More »

CIL steps to improve Coal Production from Underground Mines

By | May 5, 2016

Steps taken by CIL to improve Coal Production from Underground Mines Coal India Limited (CIL) has envisaged following steps to improve coal production from underground mines include: • Planning new underground mines adopting mass production systems like continuous miner technology and longwall technology wherever feasible. • Entering into risk / gain sharing arrangements with the… Read More »

34 Satellites under operation in India

By | May 5, 2016

Satellites under operation in Country Currently, 34 satellites are operational in the country comprising of :- (i) 13 Communication Satellites namely, INSAT-3A, INSAT-3C, INSAT-4A, INSAT-4B, INSAT-4CR, GSAT-6, GSAT-7, GSAT-8, GSAT-10, GSAT-12, GSAT-14, GSAT-15 and GSAT-16. (ii) 12 Earth Observation Satellites namely, Resourcesat-2, RISAT-1, RISAT-2, Cartosat-1, Cartosat-2, Cartosat-2A, Cartosat-2B, Oceansat-2, SARAL, Kalpana-1, Megha-Tropiques and INSAT-3D. (iii)… Read More »

Landing Certificates not required w.e.f 04.05.2016

By | May 5, 2016

As part of ease of doing business and reduction of Transaction Cost of the exporters, the Government decides to do away with the Landing Certificates required under Merchandise Export from India Scheme (MEIS) with effect from 4th May, 2016. Read Also Notification on :Landing Certificate shall not required under MEIS Government with the approval of… Read More »

insurers to strictly comply General Insurance-Reinsurance Regulation

By | May 5, 2016

CIRCULAR NO.IRDA/NL/CIR/RIN/078/04/2016, DATED 26-4-2016 The Authority has recently received requests from some insurers seeking waiver of certain provisions of IRDA (General Insurance-Reinsurance) Regulation 2013, citing inability to comply with the stipulations, as they were executing Reinsurance treaties on a global basis where the Indian Insurer along with their foreign promoter entity/subsidiaries/group companies enter into a… Read More »

RISK WEIGHT FOR INVESTMENTS IN CORPORATE BONDS BY SPDs

By | May 5, 2016

RISK WEIGHT IN RESPECT OF INVESTMENTS IN CORPORATE BONDS BY STANDALONE PRIMARY DEALERS (SPDs) CIRCULAR DNBR.CO.PD.NO.080/03.10.01/2015-16, DATED 28-4-2016 In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy. 2. On a… Read More »

Regional Directors to appoint Inspectors for inspection of books and papers of a company u/s 206(5)

By | May 5, 2016

NOTIFICATION [F.NO.3/516/2015-CL.II], DATED 29-4-2016 In exercise of the power, conferred by sub-section (1) of section 458 of the Companies Act (18 of 2013), the Central Government being satisfied that circumstances warrant, hereby delegates the powers to appoint Inspectors for inspection of books and papers of a company under sub-section (5) of section, 206 as ordered… Read More »

RSA Token Policy 2016 of Income Tax Department

By | May 5, 2016

Directorate of Income Tax (Systems) RSA Token Policy (2016) (1) What is a RSA Token? RSA Token is a secure user’s authentication system. RSA Token is a unique, time-synchronous solution that automatically Changes the user’s password every 60 seconds. This makes the solution more secured than event-synchronous systems (like presently followed User id and User… Read More »

FORM NO 12BB claims by employee for deduction of tax u/s 192

By | May 5, 2016

NOTIFICATION NO. 30/2016 [F.NO.142/29/2015-TPL], DATED 29-4-2016 In exercise of the powers conferred by sections 192, 200 and 206C, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules may be… Read More »

Return with digital signatures in Delhi Vat w.e.f 01.04.2016

By | May 5, 2016

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN: I.P. ESTATE: NEW DELHI-110 002 No. F3(643)/Policy/VAT/2016/157-169 Dated 03/05/2016 NOTIFICATION In exercise of the powers conferred on me under the fourth proviso to sub-rule (3) of rule 28 of the Delhi Value Added Tax Rules, 2005 and in partial modification to… Read More »

Investment Policy and Liquid Assets fo Net Worth of Clearing Corporation and Transfer of Profits

By | May 5, 2016

Security & Exchange Board of India CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2016/54                           Dated: May 04, 2016 All recognized Clearing Corporations and Stock Exchanges Dear Sir / Madam Subject: Investment Policy, Liquid Assets for the purpose of Calculation of Net Worth of a Clearing Corporation and Transfer… Read More »

Landing Certificate shall not required under MEIS

By | May 5, 2016

(To be published in the gazette of India extraordinary part-1 section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 06/2015-2020 New Delhi, dated: 4th May 2016 Subject: Merchandise Exports from India Scheme (MEIS)—Amendments in Table 2 [containing ITC (HS) code wise list of products… Read More »

Services Exports from India Scheme (SEIS) –Appendix 3E notified

By | May 5, 2016

To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 7/2015-2020 Dated the 4thMay, 2016 Subject: Services Exports from India Scheme (SEIS) –Appendix 3E notified In exercise of powers conferred under paragraph 1.03 of the… Read More »

Vat Registration electronically in Mahatrashtra Vat

By | May 5, 2016

FINANCE DEPARTMENT Madam Cama Road, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 22nd April 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT.1516/CR-52/Taxation-1.— Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and… Read More »