Companies engaged in defence production exempted from segment reporting-MCA Notification
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 23rd February, 2018
S.O. 802(E).— In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) and subsection (2) of section 462 of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby amends the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 463(E) dated the 5th June, 2015 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), dated the 5th June 2015 , namely:—
2. In the said notification, in the Table, for serial number 8 and entries relating thereto, the following serial number and entries shall be respectively substituted, namely:—
| (1) | (2) | (3) |
| “8. | Chapter IX, section 129. | Shall not apply to the companies engaged in defence production to the extent of application of relevant Accounting Standard on segment reporting”. |
[F. No. 1/2/2014-CL-V]
K.V.R. MURTY, Jt. Secy.
Note : The Principal Notification was published in the Gazette of India, Extra-ordinary, Part-II, Section-3, Sub-Section (i) vide G.S.R. 463(E) dated the 5th June, 2015 and was subsequently amended vide notification number G.S.R. 582 (E) dated 13th June, 2017.
Can a demand notice be issued u/s 156 for non-payment of Dividend tax u/s 115-O, when as per assessment order…
The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…
One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…
Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…
In GST Notice u/s 74, allegations should emanate from itself, a bland statement of ‘fraud or concealment of facts” not…
For claiming deduction u/s 57(iii) a reasonable and intelligible nexus should be established between the expenditure incurred and the income…