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Posted On:  11 months ago


Special Economic Zones (Amendment) Rules, 2016

In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely

article author One Roof Consultant

Posted On:  11 months ago


Scheduled bank approved for EPF Contribution and to Receive Cheques

In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Provident Funds Scheme, 1952, namely

article author One Roof Consultant

Posted On:  11 months ago


Amendment to Schedule Entry D-5 and D-10 of MVAT Act

In pursuance of the powers conferred by clause (a) of entry 5 of Schedule ‘D’ appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby notifies with effect from the date 1st January 2017 the area and the period as shown in column (2) and column (3) respectively of the Schedule appended herewith, to be area and period covered for the purpose of clause (a) of the said entry 5, namely

article author One Roof Consultant

Posted On:  11 months ago


TATA Translational Cancer Research Centre notified U/s. 35(1)(ii)

It is hereby notified for general information that the organization TATA Translational Cancer Research Centre (‘TTCRC’) under the aegis of TATA Medical Centre Trust (PAN:- AABTT2222Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules), from Assessment year 2016-2017 onwards in the category of ‘Scientific Research Association’, subject to the following conditions, namely

article author One Roof Consultant

Posted On:  11 months ago


Guidance Note on Board Evaluation

The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as a whole, (ii) individual directors (including independent directors and Chairperson) and (iii) various Committees of the The provisions also specify responsibilities of various persons / committees for conduct of such evaluation and certain disclosure requirements as a part of the listed entity’s corporate governance obligations.

article author One Roof Consultant

Posted On:  11 months ago


SEBI LODR (Third Amendment) Regulations, 2016

In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely

article author CS Perila Sheth

Posted On:  11 months ago


Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB)

1. SEBI vide circular dated October 10, 2016 provided a period of three months to the ELCs on the DB to submit an action plan to list or to provide exit to shareholders to the designated stock exchanges. 2. In light of representation received seeking extension of time to submit plan of action, it is decided to extend the time till March 31, 2017. All other conditions as mentioned in the SEBI circular dated October 10, 2016 remain unchanged

article author CS Perila Sheth

Posted On:  11 months ago


SEBI (Alternative Investment Funds) (Amendment) Regulations, 2016

In exercise of the powers conferred by sub­section (1) of section 30 read with sub-section (1) of section 11, clause (ba) and clause (c) of sub-section (2) of section 11 and sub-sections (1) and (1 B) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely

article author One Roof Consultant

Posted On:  11 months ago


SEBI (Portfolio Managers) (Amendment) Regulations, 2016

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, namely

article author CS Perila Sheth

Posted On:  11 months ago


Clarification regarding Specified Bank Notes (SBNs)

There had been various estimates on SBNs tendered in certain sections.We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country. Now that the Scheme has come to an end on December 30, 2016,

article author One Roof Consultant

Posted On:  11 months ago


LPG customers to now get a discount for on-line payment of LPG refill

Oil Marketing Companies, viz Indian Oil, BPCL & HPCL are now offering an upfront discount of Rs 5/- on every LPG refill to all LPG customers who will book and pay for their LPG cylinders online. Customers can make payment through existing online modes i.e net banking, credit & debit cards at the time of web-booking their refills.

article author One Roof Consultant

Posted On:  11 months ago


Pre-Budget consultations with FMs of all States/ UTs

The Union Finance Minister Shri Arun Jaitley holds Pre-Budget consultations with the Finance Ministers of all States/ UTs (with legislature); FM: Various steps taken by the Central Government in recent past to unearth black money will help in curbing corruption and making the Indian economy more cleaner, transparent and efficient; Asks the States to work together for putting India on the path of higher growth

article author One Roof Consultant

Posted On:  11 months ago


Initiatives taken by Government to promote use of mobile/e-banking for cashless transactions

The Public Financial Management System (PFMS) is a web-based online software application, developed and implemented by the o/o CGA with technical support of NIC. The primary objective of PFMS is to facilitate a sound Public Financial Management System for Government of India (GoI) by establishing an efficient fund flow system as well as a Payment cum Accounting network. PFMS provides various stakeholders with a real time, reliable and meaningful Management Information System and an effective Decision Support System (DSS), as part of the Digital India initiative of GoI.

article author One Roof Consultant

Posted On:  11 months ago


Clarification in respect of “part delivery” where OOC is obtained at DPD/RMS Facilitation Centre at JNCH

Attention of the Importers, Exporters, General Trade, Port Terminal Operators, Shipping Lines / Shipping Agents, CFSs coming under the jurisdiction of JNCH, Nhava Sheva and all other stakeholders is invited to the Public Notice No. 160/2016 dated 29.11.2016 on the above-cited subject matter. Vide this Public Notice as a measure of trade Facilitation and ‘Ease of doing Business’ a dedicated “RMS Facilitation Centre”

article author One Roof Consultant

Posted On:  11 months ago


Dept can adjudicate Show Cause Notices despite unconditional stay by SC

In this regard, I am directed to say that the Board inter alia, had referred the issue of pending adjudications of cases covered by the above said Board Instruction to the Ld. Solicitor General of India. The Ld. Solicitor General has opined, inter alia, that in view of the unconditional stay in force, granted by the Hon’ble Supreme Court, the Department could continue with adjudication of the Show Cause Notices hitherto covered by the Mangali Impex judgment.

article author One Roof Consultant

Posted On:  11 months ago


Form of Declaration under Employees Enrolment Campaign, 2017

The Central Government in exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), inserted paragraph 82A after paragraph 82 in Employees’ Provident Funds Scheme, 1952 to make special provision In respect of Employees Enrolment Campaign, 2017.

article author One Roof Consultant

Posted On:  11 months ago


E-mail id’s to handle the queries related to Unified Portal

The new Unified Portals has been launched by EPFO for PF members, employers and field offices, and can be accessed through “epfindia.gov.in“. 2. To handle the queries pertaining to them, below mentioned e-mail ids have been created:

article author One Roof Consultant

Posted On:  11 months ago


Exchange facility to foreign citizens

Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 and extended up to December 31, 2016 vide A.P. (DIR Series) Circular No. 22 dated December 16, 2016.

article author One Roof Consultant

Posted On:  11 months ago


Allocation of cash for rural areas

On observing that bank notes, being supplied to rural areas, at present, are not commensurate with the requirements of rural population, some steps have already been initiated as indicated in the above circulars. With a view to ensure that at least 40% bank notes are supplied to rural areas and to mitigate the issue in a more enduring manner, the banks maintaining currency chests are advised to take the following steps, in continuation of the above

article author One Roof Consultant

Posted On:  11 months ago


Amendment in import policy of items classified under Chapter 41 & 43 of ITC (HS), 2012–Schedule-1 (Import Policy)

S.O. (E): In exercise of powers conferred by Section 3 of FT (DMZ) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the import policy of the following items classified under Chapter 41 and 43 of ITC (HS), 2012 – Schedule – 1 (Import Policy), as under

article author One Roof Consultant