Daily Archives: November 24, 2016

Service Tax on Air Conditioned Restaurants is unconstitutional

By | November 24, 2016

HIGH COURT OF KERALA Kerala Classified Hotels & Resorts Association v. Union of India A.M. SHAFFIQUE, J. W.P. (C) NO. 19277 OF 2013 OCTOBER  31, 2016 V. Krishna Kumar, G. Subodhan, Surendradas B., N. Vijayan Pillai, K.V. Rajappan Pillai and K.K. Radhakrishnanfor the Petitioner. N. Nagaresh, Ramavarma Reghunathan Thamburan, John Varghese and M.M. Jasmin for… Read More »

Appointment of director in banks – RBI added new subjects

By | November 24, 2016

Special knowledge or practical experience useful to banking companies RBI/2016-17/152 DBR.Appt.BC.No.39/29.39.001/2016-17 November 24, 2016 All Commercial Banks excluding RRBs Dear Sir / Madam, Special knowledge or practical experience useful to banking companies In the backdrop of innovations in banking and technology, it is felt that the domain knowledge and experience enumerated under various statutory provisions… Read More »

Category: RBI

Guarantee Bond Format to decongest storage facilities at banks

By | November 24, 2016

[ Deposit under Guarantee Scheme to decongest the storage facilities at banks ] Annex – Guarantee Bond Format The Regional Director / Chief General Manager Reserve Bank of India Issue Department (Address) Dear Sir, In consideration of the Reserve Bank of India consenting to make an immediate payment of the value of exchange for the… Read More »

RBI revived Guarantee Scheme to enable deposit of Specified Bank Notes

By | November 24, 2016

Specified Bank Notes (SBNs) – Deposit under Guarantee Scheme to decongest the storage facilities at banks RBI/2016-17/153 DCM (Plg) No.1383/10.27.00/2016-17 November 24, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Specified… Read More »

Meet Cash requirements of pensioners & Armed Forces Personnel- RBI To banks

By | November 24, 2016

Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel RBI/2016-17/154 DCM (Plg) No.1384/10.27.00/2016-17 November 24, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Co-operative Banks Dear Sir,… Read More »

Know Your LIN -Labour Identification Number

By | November 24, 2016

Labour Identification Number (LIN) touches the mark of 18 Lakh LIN (Labour Identification Number) provided by Shram Suvidha Portal has been issued to about 18 Lakh units covered under various labour laws. The LIN number so allotted was communicated by using the email addresses and mobile numbers of the unit representatives available in our database.… Read More »

Sec .23(1) applies if buildings let out by owner to his own company

By | November 24, 2016

Facts of the case The property is owned by the co-owners themselves, who are also the Directors of the lessee company which has established the Hospital. As per the lease agreement between the co-owners and the lessee company, the mutually agreed rent is Rs.1 per sq.ft. However, a portion of the very same building is… Read More »

Section 54F claim not available on basis of Agreement to sale , Sale deed required

By | November 24, 2016

Held There was an agreement for purchase of land which was not carried out and matter was taken to Court, where parties entered into settlement for transfer of plot. Fact remains that no legal document having effect of transfer of immovable property was placed before Appellate Authority. Under the provisions of transfer of Transfer of… Read More »

GST FAQ’s in Assamese

By | November 24, 2016

GST FAQ’s in Assamese Download GST FAQ’s in Assamese GST Study material in other regional languages   State /India GST Material     GST Enrolment Plan State Wise : Announced by Indian Govt Steps to enrol on GST Common Portal (India) India How to login to GST Common Portal (India) FAQ on GSTN Migration (English) GST-Video Tutorial… Read More »

Delhi Real Estate -Regulation and Development -General) Rules -2016 Notified

By | November 24, 2016

MINISTRY OF URBAN DEVELOPMENT NOTIFICATION New Delhi, the 24th November, 2016 G.S.R. 1085 (E).—In exercise of the powers conferred by section 84 and in pursuance of sub-clause (iii) of clause (g) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), the Central Government, hereby makes the following rules, namely:… Read More »