Daily Archives: July 22, 2016

Speedy disposal of all refund claims under Delhi Vat

By | July 22, 2016

DEPARTMENT OF TRADE & TAXES GOVT. OF NATIONAL CAPITAL TERRITORY OF DELHI, (Policy Branch) VYAPAR 1311AWAN,I.P.ESTATE, NEW DELHI —110 002. No.F.3(378)/Policy/VAT/2016/489-494 Dated  21.07.2016 Order Sub: Speedy disposal of all refund claims. Whereas Refunds are required to be processed strictly in accordance with the provisions as laid down u/s 38 of DVAT Act and Rule 34… Read More »

The Benami Transactions (Prohibition) Amendment Bill 2015

By | July 22, 2016

THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT BILL, 2015 Introduced in Lok Sabha on 13.05.2015 FINANCIAL MEMORANDUM This Bill seeks to amend the law prohibiting benami transactions, holding property in benami and restricting right to recover or transfer property held benami, and providing mechanism and procedure for confiscation of property held benami. The Benami Transaction (Prohibition) Amendment… Read More »

Both Employees and the employer’s EPF contribution covered u/s 43B

By | July 22, 2016

HIGH COURT OF PATNA Bihar State Warehousing Corporation Ltd. v. Commissioner of Income-tax 1, Patna HEMANT GUPTA AND RAMESH KUMAR DATTA, JJ. MISC. APPEAL NO. 302 OF 2008 JULY  19, 2016 Ajay Kumar Rastogi for the Appellant. Mrs. Archana Sinha, Alok Kumar and Mrs. Shalini Bihari for the Respondent. JUDGMENT   Ramesh Kumar Datta, J.–… Read More »

Rules for Digital Locker Facilities by Intermediaries Notified

By | July 22, 2016

MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (Department of Electronices and Information Technology) NOTIFICATION New Delhi, the 21st July, 2016 G.S.R. 711(E).— In exercise of the powers conferred by sub section (1) of section 87 and clause (wa) of subsection (2) of section 87 read with section 6A and section 67C of the Information Technology Act,… Read More »

Now PAN and TAN allotment in One Day !

By | July 22, 2016

New application process to fast track the allotment of PAN and TAN    For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL.  Under the new process PAN and TAN will… Read More »

National Company Law Tribunal Rules 2016 and NCLAT Rules 2016 Notified by MCA

By | July 22, 2016

{To be published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i)} MINISTRY OF CORFORATE AFFAIRS Notification New Delhi, the 21st July 2016 G.S.R…….(E).- In exercise of the powers conferred by section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely;- 1. Short… Read More »

Central KYC Registry Operating Guidelines 2016

By | July 22, 2016

CENTRAL REGISTRY OF SECURITISATION ASSET RECONSTRUCTION AND SECURITY INTEREST OF INDIA (CERSAI) CENTRAL KYC REGISTRY OPERATING GUIDELINES 2016 Version 1.1 d) “Reporting Entity” means an entity defined under sub-section (wa) of section 2 of the Act. e) “Customer” means a client as defined under sub-section (ha) of sub­section 2 of the Act. f) “KYC” means… Read More »

Central KYC Records Registry (CKYCR) Operationalisation

By | July 22, 2016

Securities and Exchange Board of India CIRCULAR No. CIR/MIRSD/66/2016 Dated: July 21, 2016 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. All recognised Depositories 4. Depository Participants through Depositories 5. Association of Mutual Funds in India 6. Mutual funds through AMFI 7. Portfolio Managers 8. KYC Registration Agencies (KRAs) 9.… Read More »