Daily Archives: December 13, 2016

Certain sections of Companies Act 2013 w.e.f 15.12.2016 Notified

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th December, 2016 S.O. 3677(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 15th day of December, 2016 as the date on which the following provisions of the said Act… Read More »

Companies (Transfer of Pending Proceedings) Rules 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th December, 2016 G.S.R. 1119(E).— In exercise of the powers conferred under sub-sections (1) and (2) of section 434 of the Companies Act, 2013 (18 of 2013) read with sub-section (1) of section 239 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to… Read More »

IRDAI List of Holidays 2017

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA CIRCULAR List of Holidays — 2017 In terms of Chapter-VI of IRDA Staff (Officers and Employees) Regulations, 2016, the Chairman is pleased to declare the following Holidays to be observed by all offices of IRDA during the calendar year 2017. Download IRDAI List of Holidays  2017

Standalone Primary Dealers allowed to distribute Relief / Savings bonds

RBI/2016-17/182 IDMD.PDRD.No.08/03.64.00/2016-17 December 13, 2016 To All Standalone Primary Dealers Dear Sir/Madam, Distribution of Relief/Savings Bonds A reference is invited to Para A.1 of the Master Direction on Relief/Savings Bonds dated July 1, 2016 under which agency banks can enrol/register brokers for distribution of Relief/Savings bonds. A reference is also invited to the Para 12… Read More »

CBEC GST Helpdesk Number Released

CBEC GST Helpdesk As per communication from Directorate General of Systems New Delhi, a new CBEC GST helpdesk called CBEC Mitra is started with an Interactive Voice Response (IVR). This help desk (started yesterday) is operational 24×7. The helpdesk number is: 1800 1200 232

No Tax on deposit in Swiss Bank when sec. 143(1) assessment completed prior to search

IN THE ITAT KOLKATA BENCH ‘B’ Bishwanath Garodia v. Deputy Commissioner of Income-tax , Central Circle-3(3), Kolkata P.M. JAGTAP, ACCOUNTANT MEMBER AND S.S. VISHWANETHRA RAVI, JUDICIAL MEMBER IT APPEAL NOS. 853 TO 856 (KOL.) OF 2016 [ASSESSMENT YEARS 2006-07 AND 2007-08] SEPTEMBER  21, 2016 D.S. Damle, FCA for the Appellant. Niraj Kumar, CIT-DR and Pinaki… Read More »

Bank Branches to preserve CCTV Recording of Operations at Bank : RBI

Preservation of CCTV recordings RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people… Read More »

N S Bindra’s Interpretation of Statutes – Book 2016

N S Bindra’s Interpretation of Statutes Hardcover – 24 Oct 2016 by N S Bindra (Author), Amita Dhanda (Editor) This Books is thoroughly revised and has comprehensive commentary on Interpretation of Statutes and principles governing it .The book is a standard reference for Judges, Presiding officers, Members, Chairpersons of Tribunals/ Commissions, Judicial Academies-National and State,… Read More »

Law Relating To Arbitration And Conciliation -2016 Edition Book

Law Relating To Arbitration And Conciliation Hardcover – 12 Aug 2016 by P.C. Markanda (Author), Naresh Markanda (Author), Rajesh Markanda (Author) The book is a standard reference for Arbitrators, Judges, Advocates, Corporate Lawyers, Law firms, Indian Council of Arbitration, In-house counsels, Judicial Academies, ADR Institutions, Conciliators and Mediators, Court and Tribunal Libraries, Industry Chambers, Government… Read More »

Legal Drafting – Do it yourself -Book 2016 Edition

Legal Drafting – Do it yourself Paperback – 1 Jun 2016 by H.L. Kumar (Author) This simple book on drafting legal documents like notices, contrcats, affidavits, bonds, agreements, deeds, etc. is especially meant for layman users. Plenty of readymade drafts are provided. Link to Buy Legal Drafting – Do it yourself Summary about Legal Drafting – Do… Read More »

Concise Commentary on Income Tax with Tax Planning, Problems & Solutions -Book 2016

Concise Commentary on Income Tax with Tax Planning and Problems and Solutions Hardcover – 2016  by Dr Girish Ahuja (Author), Dr Ravi Gupta (Author) Link to Buy Concise Commentary on Income Tax with Tax Planning and Problems and Solutions Publisher: Bharat Law House Pvt. Ltd; Seventeenth edition (2016) [ AY 2017-18} Summary of  Book -Concise Commentary… Read More »

New Taxation Bill to Tax undisclosed Income was money Bill , Rajya Sabha approval Not required

The Taxation Laws (Second Amendment) Bill, 2016 ‘The Taxation Laws (Second Amendment) Bill, 2016’ was introduced in the Lok Sabha as a Money Bill on 28.11.2016 [ Read The Taxation Laws (Second Amendment) Bill, 2016 28.11.2016 ] and which was passed by Lok Sabha on 29.11.2016 [ read Lok Sabha Passed Bill to Tax Black Money… Read More »

RBI asked branch-wise report on detection of counterfeit notes from Banks

RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) – Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17… Read More »

Banks to maintain record of serial numbers of New Bank Notes Issued

RBI/2016-17/180 DCM (Plg) No. 1683/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer (All banks maintaining currency chests) Dear Sir, Distribution of Mahatma Gandhi (New) Series Banknotes – Records Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure. 2. In the wake… Read More »

Category: RBI