Daily Archives: July 21, 2016

IRDAI Health Insurance Regulations 2016

By | July 21, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 12th July, 2016 Insurance Regulatory and Development Authority of India (Health Insurance) Regulations, 2016 F. No. IRDAI/Reg/17/129/2016.—In exercise of the powers conferred under Section 114A of the Insurance Act, 1938 and Section 14 read with Section… Read More »

Districts notified as backward areas u/s section 32 and 32AD of Income Tax Act

By | July 21, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION INCOME-TAX New Delhi, the 20th July, 2016 S. O. 2478 (E).— In exercise of the powers conferred by section 32 and section 32AD of the Income-tax Act, 1961 (43 of 1961), the Central Government… Read More »

Govt revised Form 1 of Income Declaration Scheme by (Amendment) Rules 2016

By | July 21, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2016 S.O. 2477(E).— In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 2016 (28 of 2016), the Central Board… Read More »

IDS 2016: Govt notified extended Payment Time Schedule

By | July 21, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department Of Revenue) NOTIFICATION New Delhi, the 20th July, 2016 S.O. 2476(E).— In exercise of the powers conferred by section 187 of the Finance Act, 2016 (28 of 2016), the Central Government hereby amends the notification of the Ministry of Finance (Department of… Read More »

Uttarakhand State Cooperative Bank Ltd., Haldwani included in Second Schedule to RBI Act

By | July 21, 2016

RBI/2016-17/24 DCBR.BPD (RCB).BC.No. 02/19.51.025/2016-17 Ashadha 30, 1938 July 21, 2016 All State Co-operative Banks/ Central Cooperative Banks Dear Sir / Madam, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Uttarakhand State Cooperative Bank Ltd., Haldwani We advise that the name of “Uttarakhand State Cooperative Bank Ltd., Haldwani” has been… Read More »

Category: RBI

Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards

By | July 21, 2016

RBI/2016-17/25 DBR.BP.BC.No.2/21.04.098/2016-17 July 21, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to our circulars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014, DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014 andDBR.BP.BC.No.77/21.04.098/2015-16 dated February 11, 2016 on ‘Basel III… Read More »

Companies (Share Capital and Debentures) Second Amendment Rules 2016

By | July 21, 2016

Government of India MINISTRY OF CORPORATE AFFAIRS NOTIFICATION [F.NO.01/04/2013 CL-V (PART-II)], DATED 29-3-2016 G.S.R 358(E)-In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014,… Read More »

Companies (Share Capital and Debentures) Amendment Rules 2016

By | July 21, 2016

COMPANIES (SHARE CAPITAL AND DEBENTURES) AMENDMENT RULES, 2016 – AMENDMENT IN RULE 17 NOTIFICATION NO. GSR 290(E)[F.NO.01/04/2013-CL-V (PART-II)], DATED 10-3-2016 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies… Read More »

Companies (Share Capital and Debentures) Second Amendment Rules 2015

By | July 21, 2016

Government of India Ministry of Corporate Affairs Notification New Delhi Dated the 29th May, 2015 COMPANIES (SHARE CAPITAL AND DEBENTURES) SECOND AMENDMENT RULES, 2015 – AMENDMENT IN RULE 5 NOTIFICATION[F.NO.1/4/2013 CL-V] G.S.R. 439(E). In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013),… Read More »

Companies (Share Capital and Debentures) Amendment Rules 2015

By | July 21, 2016

Government of India Ministry of Corporate Affairs Notification Dated 18th March, 2015 G.S.R 210 (E).-  In exercise of the powers conferred under sub-clause (ii) ofclause (a) of section 43, sub-clause (d) of sub-section (1) of section 54, sub-section (2) of section 55, sub-section (1) of section 56, sub-section (3) of section 56, sub-section (1) of… Read More »

Companies (Share Capital and Debentures) Amendment Rules 2014

By | July 21, 2016

COMPANIES (SHARE CAPITAL AND DEBENTURES) AMENDMENT RULES, 2014  AMENDMENT IN RULES 4, 13 AND 18 NOTIFICATION NO. GSR 413(E) [F.NO.01/04/2013(PART-I) CL-V] DATED 18-6-2014 In exercise of the powers conferred under sub-clause (ii) of clause (a) of section 43, sub-clause (d) of sub-section (1) of section 54, sub-section (2) of section 55, sub-section (1) of section… Read More »

Companies (Share Capital and Debentures) Rules 2014

By | July 21, 2016

COMPANIES (SHARE CAPITAL AND DEBENTURES) RULES, 2014 NOTIFICATION NO. GSR 265(E) [F.NO. 01/04/2013 (PART-I)CL-V], DATED 31-3-2014 In exercise of the powers conferred under clause (a) (ii) of section 43, sub-clause (d) of subsection (1) of section 54, sub-section (2) of 55, sub-section (1) of section 56, sub-section (3) of section 56, sub-section (1) of section… Read More »

Companies (Share Capital and Debentures) Third Amendment Rules 2016.

By | July 21, 2016

[To be published in the Gazette of India, Extraordinary, Part IL Section 3, Sub-Section (i)1 Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 19th July, 2016. G.S.R. 704(E). — In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More »

CA Nov 2016 Exam Dates notified

By | July 21, 2016

The Institute of Chartered Accountants of India [Set up by an Act of Parliament] Post Box No.7112, ‘ICAI BHAWAN’, Indraprastha Marg New Delhi – 110002 TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA NOTIFICATION     Dated: 19 July, 2016 No. 13-CA (EXAM)/N/2016: In pursuance of Regulation 22 of the Chartered Accountants… Read More »

IDS (Income Declaration Scheme) 2016 Challan for Payment :ITNS 286

By | July 21, 2016

Income Declaration Scheme, 2016 (IDS) As per Finance Act, 2016, The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid taxes in full for previous years to declare their undisclosed income for such previous years and pay taxes thereon. The said tax payment has to be made to the Government Account… Read More »

Reservation in promotion for differently-abled people

By | July 21, 2016

Reservation in promotion for differently-abled people Section 33 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and full Participation) Act, 1995 (PWD Act, 1995) mandates every appropriate Government to appoint in every establishment such percentage of vacancies not less than 3% of persons with disability of which 1% each shall be reserved for… Read More »

Income Tax Dept. to issue 7 lakh letters seeking Information for High Value Non PAN Transactions

By | July 21, 2016

Income Tax Department to issue 7 lakh letters seeking Information in respect of High Value Non PAN Transactions Under the Annual Information Returns (AIR), various types of high-value transactions were being reported to the Income Tax Department. These include reporting of cash deposits of Rs.10,00,000 or more in a saving bank account, sale/purchase of immovable… Read More »

788 Companies under DRI Scanner for export proceeds pending for realisation

By | July 21, 2016

SIT directs Enforcement Directorate to take necessary action under FEMA with respect to 216 Companies with respect to the period before 1st March, 2016 and 572 Companies for the period after 1st March, 2016 for which each such Company had export proceeds pending for realisation for more than Rs. 100 crore; SIT also directed Directorate… Read More »

Equalization levy Challan ITNS 285 for making Payment

By | July 21, 2016

Equalization levy Challan ITNS 285 As per Finance Bill of 2016, Equalization levy is applicable for certain specified services related to digital domain wherein the amount of consideration exceeds a specified value (threshold prescribed by Income Tax Department). Rules to The Finance Act, 2016 states that with effect from July 1, 2016, equalization levy @… Read More »

Book on CARO 2016 [ june 2016 Edition}

By | July 21, 2016

Law and Practice Relating to CARO 2016 (English) (Paperback) BUY Specifications of Law and Practice Relating to CARO 2016 (English) (Paperback) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10 9350719703 Edition Fifth Publication Year 2016 Language English ISBN-13 9789350719701 Binding Paperback

Book on Real Estate Act 2016 [2016 Edition]

By | July 21, 2016

Guide to Real Estate (Regulation and Development) Act 2016 (English) Click BUY Book Book on Real Estate Act 2016 Specifications of Guide to Real Estate (Regulation and Development) Act 2016 (English) (Paperback) BOOK DETAILS Publisher Taxmann ISBN-10 9350718774 Edition 1 Publication Year 2016 Language English ISBN-13 9789350718773 Binding Paperback    

RBI Master Direction on Currency Distribution & Exchange Scheme

By | July 21, 2016

RBI/DCM/2016-17/36 Master Direction DCM (CC) No.G-4/03.41.01/2016-17 July 20, 2016 The Chairman and Managing Director / Chief Executive Officers, All Banks Madam / Dear Sir, Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public In terms of the Preamble and under Section 45 of… Read More »

RBI Master Direction on Penal Interest for Currency Chest Transactions misreporting

By | July 21, 2016

RBI/DCM/2016-17/35 Master Direction DCM(CC) No.G -2/03.35.01/2016-17 July 20, 2016 1. The Chairman & Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The Director of Treasuries (State Governments) Dear Sir/Madam Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances… Read More »

Penalties for bank branches for defeciencies in rendering customer service to public -RBI Master Circular

By | July 21, 2016

RBI/2016-17/23 DCM (CC) No.G-3/03.44.01/2016 – 17 July 20, 2016 The Chairman & Managing Director Chief Executive Officers All Banks Madam / Dear Sir, Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public Please refer to the Circular DCM (CC) No.G-10/03.41.01/2015-16 dated May 05, 2016… Read More »

Category: RBI

7 New Passport Seva Kendras

By | July 21, 2016

New Passport Seva Kendras The Government has granted approval to open 7 new Passport Seva Kendras (PSK) in addition to the 89 PSKs that are working across the country. These are at Indore (Madhya Pradesh), Udaipur (Rajasthan), Solapur (Maharashtra), Siliguri, Kharagpur, Branch Secretariat Kolkata (West Bengal) and Leh (Jammu & Kashmir). No expenditure was incurred… Read More »

Passport Seva Project of Govt of India

By | July 21, 2016

Passport Seva Project The Pilot for the Passport Seva Project (PSP) was launched in May, 2010 and the Government had assessed the functioning of the Project. The Third Party Audit Agency (3PAA) – Standardization, Testing and Quality Certification (STQC), an attached office of the Department of Electronics and Information Technology (DeitY), Government of India had… Read More »

Transgender Persons (Protection of Rights) Bill 2016 approved by Govt

By | July 21, 2016

Cabinet approves the Transgender Persons (Protection of Rights) Bill 2016 The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved The Transgender Persons (Protection of Rights) Bill 2016. Through this Bill the Government has evolved a mechanism for their social, economic and educational empowerment. The Bill will benefit a large number… Read More »

Government to confiscate benami property

By | July 21, 2016

Cabinet approves amendment in the Benami Transactions (Prohibition) amendment Bill, 2015 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introducing amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament. The amendments aim to strengthen the Bill in terms of legal and administrative procedure so as… Read More »