Daily Archives: May 13, 2016

IND AS Applicability :Companies (Indian Accounting Standards) Rules 2015

By | May 13, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 16th February, 2015 G.S.R. 111(E). —In exercise of the powers conferred by Section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of Section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the National… Read More »

Companies (Indian Accounting Standards) (Amendment) Rules 2016

By | May 13, 2016

Companies Act, 2013 NOTIFICATION NO. GSR 365(E) [F.NO.01/01/2009-CL-V (PART)], DATED 30-3-2016 In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation with the National Advisory… Read More »

Branch Office/Liaison Office/ Project Office in India by foreign entities – procedural guidelines

By | May 13, 2016

RBI/2015-16/397 A.P. (DIR Series) Circular No.69 [(1)/22(R)] May 12, 2016 To All Authorised Dealers Category – I Banks Madam / Sir, Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) in India by foreign entities – procedural guidelines Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to… Read More »

National Intellectual Property Rights Policy approved by Govt : 7 Objectives

By | May 13, 2016

Cabinet approves National Intellectual Property Rights Policy “Creative India; Innovative India: रचनात्मक भारत; अभिनव भारत”  The Union Cabinet yesterday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India. The Policy recognises the abundance of creative and innovative energies that flow in India, and the need… Read More »

Download Form 16 for TDS on salary

By | May 13, 2016

Form 16 Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source on salary Form No 16 It if The certificate of deduction of tax at source or the certificate of payment of tax by the employer on behalf of the employee under sub-section (1A) of section 192 of income tax act (salaries).… Read More »

Companies Adjudication of Penalties Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XXIX : MISCELLANEOUS COMPANIES (ADJUDICATION OF PENALTIES) RULES, 2014 In exercise of the powers conferred by section 454, read with section 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:— Short title and commencement. 1. (1) These rules may be called the Companies… Read More »

NCLT terms of service of Chairperson and other Members Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XXVII : NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL NATIONAL COMPANY LAW APPELLATE TRIBUNAL (SALARIES, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF SERVICE OF THE CHAIRPERSON AND OTHER MEMBERS)RULES, 2014 In exercise of the powers conferred by section 469 read with section 414 of the Companies Act, 2013 (18… Read More »

NCLT Salary, Allowances and other Terms and Conditions of Service of President and other Members Rules 2013

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XXVII : NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL NATIONAL COMPANY LAW TRIBUNAL (SALARY, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF SERVICE OF PRESIDENT AND OTHER MEMBERS) RULES, 2013 In exercise of the powers conferred by section 469 read with section 414 of the Companies Act, 2013 (18 of… Read More »

Registration of Foreign Companies Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XXII : COMPANIES INCORPORATED OUTSIDE INDIA COMPANIES (REGISTRATION OF FOREIGN COMPANIES) RULES, 2014 In exercise of the powers conferred under clause (c) and clause (h) of sub-section (1) and sub-section (3) of section 380, clause (a) of sub-section (1) and sub-section (3) of section 381, section 385, clause (a)… Read More »

Companies Authorised to Registered Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XXI : COMPANIES AUTHORISED TO REGISTER UNDER THIS ACT COMPANIES (AUTHORISED TO REGISTERED) RULES, 2014 In exercise of the powers conferred by sub-section (1) of section 164, sub-section (1) of section 466, section 367, and section 374 read with sub-section (1) and sub-section (2) of section 469 of the… Read More »

Companies Inspection , Investigation and Inquiry Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XIV : INSPECTION, INQUIRY AND INVESTIGATION COMPANIES (INSPECTION, INVESTIGATION AND INQUIRY) RULES, 2014 In exercise of the powers conferred under sub-section (2) of section 211, sub-section (5) of section 211, section 214, sub-section (3) of section 210, and sub-section (11) of section 217, read with sub-sections (1) and (2)… Read More »

Appointment and Remuneration of Managerial personnel Rules 2014

By | May 13, 2016

Rules under Companies Act 2013 CHAPTER XIII : APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES,2014 In exercise of the powers conferred under sub-section (4) of section 196, sub-section (5) of section 197, sub-section (12) of section 197, section 200, sub-section (1) of section 198, sub-section (1) of section… Read More »

FORM NO. AOC -2 : Draft Format

By | May 13, 2016

 FORM NO. AOC -2 (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014. Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013… Read More »

Provident Fund withdrawal taxability if 5 years service not completed

By | May 13, 2016

Section 10(12 ) of Income tax Act 1961 Provident Fund withdrawal taxability Under section 10(12) of the Income-tax Act, 1961 (‘the Act’) total exemption from tax is allowable on the accumulated balance due and becoming payable to an employee participating in a recognised provident fund, to the extent provided in rule 8 of Part A of the Fourth Schedule to… Read More »

Stock Appreciation Rights taxable as capital gains

By | May 13, 2016

Issue : Whether amount received on redemption of Stock Appreciation Rights (SARs) is  capital gain or to be treated as perquisite under Sec.17(2)(iii) of the I.T. Act or under Sec. 28(iv) of the Act purportedly on the ground that the employer – employee relationship did exist between the assessee and Employer ? Held The Tribunal was… Read More »

COMPANIES REGISTRATION OFFICES AND FEES RULES, 2014

By | May 13, 2016

COMPANIES (REGISTRATION OFFICES AND FEES) RULES, 2014 NOTIFICATION NO. GSR 268(E)[F.NO.01/16/2013 CL-V], DATED 31-3-2014 In exercise of the powers conferred by section 396, 398, 399, 403 and 404, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013) and in supersession of Companies (Central Government’s) General Rules and… Read More »

COMPANIES MISCELLANEOUS RULES 2014

By | May 13, 2016

COMPANIES (MISCELLANEOUS) RULES, 2014 NOTIFICATION NO. GSR 253(E)[F.NO.1/25/2013-CL-V], DATED 31-3-2014 In exercise of the powers conferred under section 455, sub-section (2) of section 459 and sub-section (1) of section 464, read with section 469 of the Companies Act, 2013, and in supersession of the Companies (Central Government’s) General Rules and Forms, 1956 or any other… Read More »

What is Dormant company ?

By | May 13, 2016

Section – 455, Companies Act, 2013 Enforced with effect from 1-4-2014. Dormant company 455. (1) Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive company may make an application to… Read More »