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Companies Auditor’s Report Order (CARO), 2016

MINISTRY OF CORPORATE AFFAIRS – ORDER New Delhi, the 29th March, 2016 S.O. 1228(E).-In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor’s Report) Order, 2015 published in the Gazette of India, […]

Krishi Kalyan Cess on taxable services – effective 1st June.

Finance Bill, 2016 has introduced a new cess: Krishi Kalyan Cess @0.5% effective 1st June. The Union Budget has introduced two new cesses in the name and style of Infrastructure Cess and Krishi Kalyan Cess, former in the nature of excise duty and later as Service Tax. Clean Energy Cess […]

Prevention of use of non-genuine transferable duty credit scrips

Circular No. 12/2016-Customs F.No.605/67/2015-DBK Government of India Ministry of Finance, Department of Revenue Drawback Division *** New Delhi,­­­ 28th March, 2016 To Principal Chief Commissioners/Principal Directors General Chief Commissioners/Director Generals Principal Commissioners Commissioners, all under CBEC Madam/Sir Subject: Prevention of use of non-genuine transferable duty credit scrips or DFIA (duty […]

Companies Amendment Bill 2016

Companies (Amendment) Bill, 2016

MCA amends rules related to Buy-Back

Mar 11, 2016 MCA vide notification dated 9th March 2016 has amended the Companies (Share Capital and Debentures) Rules, 2014 through Companies (Share Capital and Debentures) Amendment Rules, 2016 Pursuant to the amendment , a relief has been provided to the Companies to buyback their shares or specified securities based […]

LLP – Incorporation.

Do you want to start an Indian LLP? To register a Indian LLP, you need to first apply for a Designated Partner Identification Number (DPIN), which can be done by filing eForm for acquiring the DIN or DPIN. You would then need to acquire your Digital Signature Certificate and register […]

Eligibility of One Person Company (OPC) to be registered as a stock broker/sub-broker

Circular Ref.No.247/2016 dated 19th February 2016 issued by NSE The Companies Act, 2013 has permitted formation of One Person Company (OPC). It is hereby informed that OPC as described under the Companies Act is eligible to:- be registered as a stock broker, provided it satisfies the condition of Minimum 2 […]

Sebi tightens debt investing norms for mutual funds – Update

Sebi tightens debt investing norms for mutual funds Regulator also clears framework for dissenting The Securities and Exchange Board of India ( Sebi) on Monday announced tighter norms governing mutual fund investments in debt securities. The regulator has reduced single security exposure, sector exposure and group exposure for debt schemes. […]

ICAI Updates -Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2016 – Final Examination

http://resource.cdn.icai.org/40502bos30265.pdf

MCA UPDATES

MCA vide Notification No. S.O(E) Dated 31.12.215 hereby delegates the power vested in it under section 208 of the said Act for receiving the report from the Registrar (having jurisdiction over the place of registered office of the company concerned) or from the Inspector where such report recommends action for […]