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CG constitutes National Company Law Tribunal, Kochi Bench at Kochi
Central Government hereby constitutes the National Company Law Tribunal, Kochi Bench at KochiMINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 27th July, 2018S.O. 3683(E).—In exercise of the pow...
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Companies (Accounts) Amendment Rules, 2018 dated 31.07.2018
MCA has notified Companies (Accounts) Amendment Rules, 2018MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 31st July , 2018G.S. R. (E).—In exercise of the powers conferred by section 134 read...
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MCA notifies 2 more sections of Companies (Amendment) Act, 2017
MCA has issued Companies (Incorporation) Third Amendment Rules, 2018 and amended Companies (Incorporation) Rules, 2014 for Substitution of Explanation to Rule 3(1) relating to the meaning of the term...
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Companies (Incorporation) Third Amendment Rules, 2018
MCA has notified vide notification dated 27th July, 2018 Companies (Incorporation) Third Amendment Rules, 2018 to amend the Companies (Incorporation) Rules, 2014.GOVERNMENT OF INDIAMINISTRY OF CORPORA...
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Report on Audit Quality Review (2017-18) of Quality Review Board
AnnouncementReport on Audit Quality Review (2017-18) of the Quality Review Board Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949,...
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Tax Evasion in Post-GST Regime
The number of cases of Tax Evasion reported post-GST regime are given in Table below:PeriodDetection No. of casesAmount in CroreJuly 2017 to June 201812053026.55The nature of cases include misuse of I...
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7 Post-Budget Suggestions on Custom and GST Law
ICAI Submits post Budget 2018 Memorandum on Indirect Taxes and submit its suggestions on 1. Levy of Integrated Tax on goods remaining in Bonded warehouse, 2. Audit of assessment of imported or exporte...
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CA IPC / Intermediate May 2018 Exams Pass Percentage & Toppers
1. Result / Pass Percentage Of Chartered Accountant Intermediate (IPC) Examination Held In May – 2018The result of the Chartered Accountants Intermediate (IPC) Examination was declared recently. The d...
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CBIC releases draft Simplified GST Return Formats- Key features
Today CBIC released Draft Format of Monthly and Quarterly Simplified GST returns. This brief note lists the salient features of the new GST return format and business process for the information of tr...
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Income Tax Return Due Date extended to 31/08/2018
CBDT extends ‘due date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of taxpayers who were liable to file their Returns by 31.07.2018. So in effect due date be...
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CBIC issues 28 Notification Related to GST Rates on Goods & Services
on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Rate), Notification No. 1...
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CBDT seeks details of “Least Performing” CsIT(A)
The CBDT has issued a directive to All Pr. Chief Commissioners of Income Tax seeking details of 2 least performing CsIT (Appeals). It is not specified as to what constitutes least performing.Governmen...
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Former I-T commissioner from Mumbai gets 4 years jail in bribery case
FOUR YEARS RIGOROUS IMPRISONMENT WITH FINE OF Rs.2.50 LAKH TO THEN COMMISSIONER OF INCOME TAX IN A BRIBERY CASECBI Press Release- New Delhi, 27.07.2018Four years Rigorous Imprisonment with fine of Rs....
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Discussion Paper on Delisting of Equity Shares – Review of “Reverse Book Building Process”
Securities and Exchange Board of IndiaDiscussion Paper on Delisting of Equity Shares Review of “Reverse Book Building Process”Jul 26, 2018 -Reports : Reports for Public CommentsBackground1) SEBI came...
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Paper on Revision of Provisions Pertaining to Re-Classification of Shareholders
CONSULTATIVE PAPER ON REVISION OF PROVISIONS PERTAINING TO RE- CLASSIFICATION OF SHAREHOLDERSA. Background and need for review1. Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirem...
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Split of position of Chairperson & MD in listed companies
Split of position of Chairperson and Managing Directors (MDs) in listed companies The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Govern...
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Several ATMs shown no-cash boards- Government aware of situation
Cash in ATMsThe Government is aware of the newspaper reports that several ATMs have shown no-cash boards.RBI has informed that the increase in demand for currency recently, which led to high ATM usage...
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Bankwise Gross NPA ratio of Public Sector Banks as on 31.03.2018
Profit, losses, GNPAs of Public Sector Banks Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stre...
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CBDT notifies authority U/s. 138 for furnishing information to CEIB
Order under section 138(1)(a) of Income-tax Act, 1961 dated 25.07.2018 issued by the Central Board of Direct Taxes (CBDT), specifying income-tax authorities for furnishing specified information to Dir...
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Issue Lower/ Nil Rate TDS deduction Certificate within prescribed time
CBDT instructed its officers to Adhere to prescribed time-line for issue of certificate of no deduction or deduction of tax at lower rate u/s 197 and 195 of the I.T. Act-1961F. No. 275/20/2018-IT(B)Go...