Daily Archives: December 15, 2016

National Company Law Tribunal -Practice & Procedure Book

National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure) Paperback – 2016 Link to Buy National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure)  Chapter I           Historical Background of National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT) Chapter II          Constitution of National… Read More »

Revised Daily Allowance and Hotel Charges Limit for LIC Employees Notified

MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 14th December, 2016 G.S.R.1136(E).—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India (Daily Allowance and… Read More »

Digital Payment System For Parking Charges At Airports

Digital Payment System For Parking Charges At Airports Airports Authority of India (AAI) has issued directions to the respective Car Parking Licensees across all AAI controlled airports for evolving a mechanism of e-payment transactions in the form of Debit/Credit Cards, Digital Wallets (PayTM, Freecharge, Mobikwik, Reliance Jio etc.) and also keep sufficient change of currency… Read More »

Win Rs 1 Crore Lottery for making Digital Payments

NITI Aayog announces the launch of the schemes Lucky Grahak Yojana and the Digi-धन Vyapar Yojana Press conference on Digital Payments: CEO, Niti Aayog, Shri Amitabh Kant NITI Aayog announces the launch of the schemes Lucky Grahak Yojana and the Digi-धन Vyapar Yojana to give cash awards to consumers and merchants who utilize digital payment… Read More »

RBI Revised threshold for taking PAN/ Form 60 for Bank accounts – KYC

Compliance to provisions of Master Direction on Know Your Customer (KYC) RBI/2016-17/183 DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016 All Regulated Entities Dear Sir/Madam, Compliance to provisions of Master Direction on Know Your Customer (KYC) A reference may be made to the following provisions of the Master Direction on Know Your Customer (KYC): (i) Section 8(d) and (e),… Read More »

Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana Lauched for Incentivising digital payment

NITI Aayog announces launch of the schemes – Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana – for incentivising digital payment Government of India has initiated numerous steps to combat the scourge of Corruption and Black Money in the last two and a half years. The Union cabinet had approved a slew of initiatives in February… Read More »

Guidelines for Sand Mining

Guidelines for Sand Mining Sand is a minor mineral, as defined under section 3(e) of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act). Section 15 of the MMDR Act empowersstate governments to make rules for regulating the grant of mineral concessions in respect of minor minerals and for purposes connected therewith. The… Read More »

Replacement of Major Port Trusts Act 1963 with Major Port Trust Authorities Bill 2016 approved

Cabinet approves replacement of ‘Major Port Trusts Act, 1963’ with ‘the Major Port Trust Authorities Bill, 2016’ The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the proposal of Ministry of Shipping to replace the Major Port Trusts Act, 1963 by the Major Port Authorities Bill, 2016.  This will empower the… Read More »

Will holder will get Shares after death not nomination holder u/s 109A of Companies Act

Whether a nominee of a holder of shares or securities appointed under Section 109A of the Companies Act, 1956 read with the Bye-laws under the Depositories Act, 1996 is entitled to the beneficial ownership of the shares or securities subject matter of nomination to the exclusion of all other persons who are entitled to inherit… Read More »

Currency Notes printed for RBI held as goods , liable for VAT /Entry Tax

Currency notes printed by the petitioner are not currency notes until they are notified by the Reserve Bank of India under section 22 of the R.B.I Act and before that the petitioner is indulged in printing and selling of goods to the R.B.I, therefore, in all respect is dealer Petitioner is only engaged in printing… Read More »