Daily Archives: June 2, 2016

Concurrent Audit of Banks Checklist

Concurrent Audit of Banks – Checklist To carry the concurrent audit assignment successfully, it is necessary for auditor to familiarize himself with following: Compliance of RBI Guidelines relating to Concurrent Audit System in Commercial Banks Submission of Long Form Audit Report (LFAR) by Concurrent Auditors Concurrent Auditors to submit  NPA review reports (Specimen of the Review Report) Scope… Read More »

Indian Railways Achievements in 2 years

Two Years Achievements of Ministry of Railways (May 2014 to May 2016) I.PASSENGER AMENITIES AND DIGITAL INDIA INITIAVES Indian Railways launched three social media platforms on Facebook, Twitter and You Tube with the handle @railminindia.  Ministry of Railways employed first of its kind, a real time 24×7 public grievance system through Twitter and provided medical,… Read More »

Yoga programmes included in Tourist Visa and e-Tourist Visa

Short term Yoga programmes included in Tourist Visa and e-Tourist Visa The Ministry of Home Affairs has taken a decision to include short term yoga programmes in Tourist Visa and e-Tourist Visa. Realizing the spread and importance of yoga world over, the Government has decided to include “attending a short term yoga programme” in the… Read More »

No Interest on warehoused goods prior to allowing extensions of warehousing period

Manner of payment of interest on warehoused goods Circular No. 23/2016 -Customs F. No. 473/20/2013-LC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 1st June 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs & Central Excise, All Chief Commissioners… Read More »

Common Adjudicating Authority by CBEC

Appointment of Common Adjudicating Authority 79/2016-Cus (NT),dt. 31-05-2016 Related Post Appointment of Common Adjudicating Authority by CBEC Norms for recruitment of Registrar in Adjudicating Aurhtority under PMLA Insolvency and Bankruptcy Code 2016 Notified by Govt Real Estate Act 2016 Notified by Govt

Form for Declaration under Income Declaration Scheme 2016

Form for Declaration under Income Declaration Scheme 2016 Form 1 for  Declaration under Income Declaration Scheme 2016 Note : Form 1 is available for e-Filing. To download Form 1, go to www.incometaxindiaefiling.gov.in Downloads -> Forms (Other than ITR) -> Form1. As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filled in… Read More »

Fees for PAN Card

Application Fees for PAN Card As per NSDL, Application Fees for PAN Card 107/- (For dispatch of PAN card in India) 994/- (For dispatch of PAN card outside India) Both the above charges are inclusive of service tax   W. e. f. June 1, 2015, PAN application fees have been revised as under: For dispatch… Read More »

Companies (Authorised to Register) Amendment Rules 2016

Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, 31st May, 2016 G.S.R.  In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 366 of the Companies Act, 2013 (18 of 2013), Central Government hereby makes the following rules further to amend the Companies (Authorised to Registered)… Read More »

NCLT notifications- National Company Law Tribunal notifications

National Company Law Tribunal National Company Law Tribunal : w.e.f 01.06.2016 The Ministry of Corporate Affairs has issued notification for constitution of the National Company Law Tribunal (NCLT) with effect from  1st June, 2016  Read National Company Law Tribunal w.e.f 01.06.2016 . Hon’ble Justice M.M.Kumar, Judge (Retd.) has joined as the President of the NCLT. Company Law Board dissolved… Read More »

National Company Law Appellate Tribunal w.e.f 01.06.2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st June, 2016 S.O. 1933(E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 (18 of 2013), the Central Government hereby constitutes the National Company Law Appellate Tribunal for hearing appeals against the orders… Read More »

National Company Law Tribunal benches in various states

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 01st June, 2016 S.O. 1935(E).—In exercise of the powers conferred by sub-section (1) of section 419 of the Companies Act, 2013 (18 of 2013), the Central Government hereby constitutes the following Benches of the National Company Law Tribunal mentioned in column (2) of the table below, located… Read More »

Company Law Board Dissolved , National Company Law Tribunal ,NCLAT constituted

Ministry of Corporate Affairs issues notification for constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT); Hon’ble Justice S.J. Mukhopadhaya, Judge (Retd.), Supreme Court of India joins as the Chairperson of the NCLAT while Hon’ble Justice M.M. Kumar, Judge (Retd.) joins as the President of the NCLT. The Ministry… Read More »

India Post Payments Bank Approved by Govt

Cabinet approves setting up of India Post Payments Bank The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for setting up the India Post Payments Bank (IPPB) as a Public Limited Company under the Department of Posts, with 100% Government of India (GOI) equity. The total expenditure involved… Read More »