Daily Archives: August 13, 2015

PRADHAN MANTRI Suraksha Bandhan Yojana

By | August 13, 2015

PRADHAN MANTRI Suraksha Bandhan Yojana GOVERNMENT LAUNCHES SURAKSHA BANDHAN DRIVE IN A MISSION MODE THROUGH PARTICIPATING BANKS AND INSURANCE COMPANIES TO FACILITATE ENROLMENT UNDER PRADHAN MANTRI SURAKSHA PRESS RELEASE, DATED 9-8-2015 In order to build on the very encouraging response to the two very affordable and convenient to subscribe insurance schemes, namely the Pradhan Mantri… Read More »

Upper ceiling of clerkage fee to Standing Counsels of Income Tax Deptt

By | August 13, 2015

GUIDELINES FOR ENGAGEMENT OF STANDING COUNSELS TO REPRESENT INCOME-TAX DEPARTMENT BEFORE HIGH COURTS AND OTHER JUDICIAL FORUMS; REVISION OF THEIR SCHEDULE OF FEES AND OTHER RELATED MATTERS INSTRUCTION NO.5/2015 [F.NO.279/MISC./M-75/2011-ITJ], DATED 23-6-2015 I am directed to refer to the above and Board’s Instruction No. 3 of 2012, dated 11-4-2012 on the above mentioned subject. 2.… Read More »

RESTRICTION ISSUANCE OF MANUAL REFUNDS BY ASSESSING OFFICER

By | August 13, 2015

SECTION 143, READ WITH SECTION 154, OF THE INCOME-TAX ACT, 1961 – ASSESSMENT – RESTRICTION ON ISSUANCE OF MANUAL REFUNDS BY ASSESSING OFFICER AST INSTRUCTION NO.136 [F.NO.DGIT(S)/DIT(S)-3/AST/MANUAL REFUNDS/85-2015-16, DATED 10-7-2015 Kindly refer to the above subject. 2. The functionalities for passing orders u/s 143(1)(a)/143(3)/154/ appeal effects/penalty etc. exist on the system and, progressively, AOs are… Read More »

FOREIGN DIRECT INVESTMENT POLICY

By | August 13, 2015

CONSOLIDATED FDI POLICY CIRCULAR 2015 – INTRODUCTION OF COMPOSITE CAPS FOR SIMPLIFICATION OF FOREIGN DIRECT INVESTMENT (FDI) POLICY TO ATTRACT FOREIGN INVESTMENTS PRESS NOTE NO.8 (2015 SERIES), DATED 30-7-2015 The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015, effective… Read More »

Ease of Doing Business in India

By | August 13, 2015

Government of India Ministry of Commerce and Industries Department of Industrial Policy and Promotion (v. 11.08.2015) Major Initiatives on Improving Ease of Doing Business  in India. The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules… Read More »

Bar Council proposes rules for identification of fake lawyers

By | August 13, 2015

Bar Council proposes to tweak rules again for identification of fake lawyers  Bar Council of India (BCI), the topmost statutory body governing education, enrollment, practice and conduct of lawyers across the country, had earlier notified Certificate and Place of Practice (Verification) Rules 2015 (‘Verification Rules’) to provide for identification of fake lawyers. The Verification rules… Read More »

FAQ’S ON SECONDARY MARKET

By | August 13, 2015

SECONDARY MARKET  Disclaimer: These FAQs are not the interpretation of law but provide only a simplistic explanation of terms/concepts related to Secondary market. All information has been updated till February 28, 2009. For full particulars of laws governing the secondary market, please refer to the Acts/Regulations/Guidelines/Circulars appearing under the Legal Framework Section. Some of the… Read More »

STRAIGHT THROUGH PROCESSING QUESTIONS AND ANSWERS

By | August 13, 2015

STRAIGHT THROUGH PROCESSING  1. What is STRAIGHT THROUGH PROCESSING (STP )? Straight-through Processing (“STP”) is a mechanism that automates the end-to-end processing of transactions of the financial instruments. It involves use of a single system to process or control all elements of the work-flow of a financial transaction, including what is commonly known as the… Read More »

ACQUISITION OF SHARES AND TAKEOVERS REGULATIONS

By | August 13, 2015

SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011  These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SAST Regulations, 2011“]. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding… Read More »