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Direct Tax
Cost Inflation Index for F.Y. 2018-19 notified
In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017, namely:- 2. In the said notification, in the Table, after serial number 17, the following serial number and entries relating thereto, shall be inserted, namely:- 3. This notification shall come into force with effect from [..] Read more at:
http://www.onlinelawsolutions.com/cost-inflation-index-for-fy-2018-19-notified.html
GST
GST: 9 steps to Change email & mobile no. of authorized signatory
Change of email and mobile number of the authorized signatory by taxpayers with assistance from the jurisdictional tax officer Complaints are being received from taxpayers that the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number during the process. They are now not sharing the user credentials with the taxpayer on whose behalf they had done the registration in the first place and the taxpayer is at their mercy. With a view to address this difficulty of the taxpayer, a functionality to update email and mobile number of the authorized [..] Read more at:
http://www.onlinelawsolutions.com/gst-9-steps-to-change-email-mobile-no-of-authorized-signatory.html
Circulars clarifying miscellaneous issues related to SEZ and refund of unutilized ITC for job worker
As per section 7(5) (b) of the Integrated Goods and Services Tax Act, 2017 (IGST Act in short), the supply of goods or services or both to a SEZ developer or a SEZ unit shall be treated to be a supply of goods or services or both in the course of inter-State trade or commerce.Whereas, as per section 12(3)(c) of the IGST Act, the place of supply of services by way of accommodation in any immovable property for organising any functions shall be the location at which the immovable property is located. Thus, in such cases, if the location of the supplier and the place of supply is in the same State/ Union territory, it would be [..] Read more at:
MCA
Companies (Registered Valuers and Valuation) Second Amendment Rules, 2018
In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017, namely:- 1. (1) These rules may be called the Companies (Registered Valuers and Valuation) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Registered Valuers and Valuation) Rules, 2017, in rule 19, in sub-rule 2, after clause (g), the following clause shall be inserted, namely [..] Read more at:
Companies (Significant Beneficial Owners) Rules, 2018
In exercise of the powers conferred by Section 90 read with sub-section (1) of section 469 of the Companies Act, 2013 (18 of 2013). the Central Government hereby makes the following rules, namely :- 1. Short title and commencement. (1) These rules may be called the Companies (Significant Beneficial Owners) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definition- (1) In these rules, unless the context otherwise requires,- (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “form” means the form specified in Annexure to these rules; (c) “registered owner” means [..] Read more at:
http://www.onlinelawsolutions.com/companies-significant-beneficial-owners-rules-2018.html
Companies (Management and Administration) Second Amendment Rules, 2018
In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with sections 93,94, 96 and 110 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Management and Administration) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Management and Administration) Rules, 2014, _ (i) rule 13 shall be omitted; (ii) in rule 15, the sub-rule(6) [..] Read more at:
MCA notifies 5 section of Companies (Amendment) Act, 2017 wef 13.06.2018
In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 13th June, 2018 as the date on which the following provisions of the said Act shall come into force, namely :- [..] Read more at:
RBI
Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring tools
Please refer to our circular DBR.BP.BC.No.2/21.04.098/2016-17 dated July 21, 2016 and other associated circulars on the captioned subject. 2. Presently, the assets allowed as the Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR of banks, inter alia, include (a) Government securities in excess of the minimum SLR requirement and, (b) within the mandatory SLR requirement, (i) Government securities to the extent allowed by RBI under Marginal Standing Facility (MSF) [presently 2 per cent of the bank's NDTL] and (ii) under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) [..] Read more at:
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Sp
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR) Please refer to Circular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 on the captioned subject. 2. In view of the continuing rise in the yields on Government Securities, as also the inadequacy of time to build investment fluctuation reserve (IFR) for many banks, it has been decided to grant banks the option to spread provisioning for their mark to market (MTM) losses on all investments held in AFS and HFT for the [..] Read more at:
ICSI
ICSI: THDC INDIA LIMITED– CAMPUS RECRUITMENT AT DELHI
The candidate should be Graduate and Member of ICSI. The Candidate must obtain with not less than 55% Marks in Professional Level Examination of ICSI and not less than 65% marks in Xth & XIIth examinations taking average of all subjects will only be considered. Candidates with 64.99% marks are not eligible and the same shall not be rounded off to 65%. For SC/ST and PwD category candidates, qualifying marks will be “Pass Marks”. Candidates should have passed the CS Professional examination and acquired Associate Membership of ICSI on or after 1.06.2017. Candidate should be proficient in English. [..] Read more at:
http://www.onlinelawsolutions.com/icsi-thdc-india-limited-campus-recruitment-at-delhi.html
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