Month: June 2018
SEBI in its Board Meeting dated 21st June, 2018 has taken the following decisions: 1. Review of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The Board has approved certain amendments to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As part of the amendments, it …
Fresh cases of Panama Papers leaks released by media today are under scanner of enforcement agencies, shall be addressed within a reasonable time frame-Finance Ministry Soon after fresh records of Panama Papers has been released by media with more than 1.2 million fresh documents of which at least 12,000 …
Fees for technical services not cover order specific commission at small percentage of order value. Order wise commission based on order value not covered u/s 40(a)(i) ABCAUS Case Law Citation: ABCAUS 2378 (2018) 06 HC The instant appeal was filed against the order passed by the Income Tax …
Modifications-procedure for interception of transport vehicle under GST Law for inspection of goods, detention, release and confiscation. Circular Circular No. 49/23/2018-GST F. No. CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 21st …
Cigarettes and other Tobacco products (Packaging and Labelling),Second Amendment Rules, 2018 Circular No. 20/2018-Customs File No. 528/133/2011-STO (TU) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) Tariff Unit ****** New Delhi, Dated 20th June, .2018 To, All Pr. Chief Commissioners/ …
RBI revises housing loan limits for eligibility under priority sector lending Presently, in terms of RBI Master Direction, loans to individuals up to Rs. 28 lakh in metropolitan centres (with population of ten lakh and above) and Rs. 20 lakh in other centres, are eligible to be classified …
Draft National Guidelines on Social Environmental & Economic Responsibilities of Business 2018 – Invitation for Public Comments Background The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based …
MCA invites comments from stakeholders on introductory note and draft on Cross-Border Insolvency The Ministry of Corporate Affairs (MCA), Government of India, invites comments and views from stakeholders on introductory note and draft on Cross-Border Insolvency. The MCA is keen to introduce a globally accepted and well-recognised cross-border …
Computation of interest income pursuant to secondary adjustment made u/s 92CE of Income-tax Act-Amendment in Rule 10CB. Comments and suggestions invited F. No. 370142/12/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** New Delhi, dated the 19th of June, 2018 Subject: Amendment in …
RBI cancels Certificate of Registration of 5 NBFCs The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs). Sr. No. Company’s Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Cygnus …
