Daily Archives: May 26, 2016

Krishi Kalyan Cess Accounting code for payment notified

By | May 26, 2016

Krishi Kalyan Cess Accounting code  notified by Govt as per Following Circular : 507-Krishi Kalyan Cess Circular No. 194/04/2016-ST F. No. 354/31/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Dated the 26th May, 2016. To Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief Commissioners of Central Excise &… Read More »

No disallowance of section 40(a)(i) if Non resident has no permanent establishment in India

By | May 26, 2016

Issue The assessee is supplying software related services and in this connection has made payment of communication charges, commission charges, legal and professional charges, marketing & selling charges and business development charges. These payments were made to various entities abroad and some of which are associated concerns of the assessee company. It was also noted… Read More »

services provided by Govt or local authority to business entity

By | May 26, 2016

Clarification w.r.t. exemption for services provided by Government or a local authority to a business entity Central Government vide Notification No. 07/2016-ST had inserted a new entry no. 48 in the Mega Exemption Notification that ‘any services provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh… Read More »

Guidelines for Central Govt advertisements on websites

By | May 26, 2016

I&B Ministry frames Policy guidelines for Central Government advertisements on websites In a major policy initiative concerning Central Government advertisements on online platform, the Ministry of Information & Broadcasting has framed guidelines and criteria for Empanelment of suitable agencies and Rate fixation for advertisements on websites. The aim of the guidelines is to devise principles… Read More »

wilful defaulter :Substantial Acquisition of Shares and Takeovers

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (SECONDAMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/002.─ In exercise of the powers conferred under section 30 of the Securities and Exchange Board of… Read More »

wilful defaulter :Issue and Listing of Debt Securities

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/004.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India… Read More »

SEBI Listing Obligations and Disclosure Requirements (Amendment) Regulations 2016

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/001.─ In exercise of the powers conferred by section 11, sub section (2) of section 11A and section… Read More »

Wilful defaulter dislcosure in case Non-Convertible Redeemable Preference Shares

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/005.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board… Read More »

wilful defaulter : Disclosure in Part G in case of Right issue

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/003.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of… Read More »

wilful defaulter defined by SEBI

By | May 26, 2016

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/006 .─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further… Read More »