Day: March 8, 2016

Details of Foreign Contribution intimation by Association having no website

F.No.II.21022/23{76)/2015-FCRA-III Government of India Ministry o-f Home Affairs Foreigners Division (FCRA Wing) NDCC-11 Building, Jai Singh Road, New Delhi-110001 Dated. 3rd  March  2016 Notice Intimation of Quarterly Receipt of Foreign Contribution Foreign Contribution Regulation Amendment Rules, 2015 provides for a person receiving foreign contribution in a quarter of …

Paternity Leave of 15 Days to Bank Male Employees

Ministry of Finance Press Release 08-03-2016 Paternity Leave to Bank Employees Grant of Paternity Leave to bank employees has been accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees. Male employees with less than two surviving children shall be …

Government has no info regarding incomplete, wrong non-updated financial reports by companies with ROC

Ministry of Corporate Affairs Press Release 08-03-2016 Submission of Financial Reports There is no information with the Government regarding companies registered in the offices of registrar of companies are incomplete, wrong and not updated. However, several companies have not submitted their annual report/return, audited report, balance sheet and …

Investigation of Corporate Frauds by SFIO

Ministry of Corporate Affairs Press Release 08-03-2016 To investigate corporate frauds of serious and complex nature the Government has set up a Serious Fraud Investigation Office (SFIO). The SFIO established vide Government of India’s Resolution No. 45011/16/2003-Admn-I dated 02-07-2003, has been notified under sub-section (1) of Section 211 of …

Penalty-2711c not imposable if income estimated u/s 144 where books of accounts not produced

INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR ITA No.293(Asr)/2013 Assessment year: 2005-06 Income Tax Officer (Appellant)  vs. M/s. Age Construction Pvt. Ltd. (Respondent) Date of Order: 04-03/2016 ORDER PER A.D. JAIN, JM: This is the Department’s appeal for the assessment year 2005-06 against the order, dated 06.02.2013, passed by the …