District Central Cooperative Banks allowed to deposit demonetised notes with RBI
G.S.R. 611(E).—In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017
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CBDT notifies Rule 10CB for Secondary Adjustments under S. 92CE of IT Act, 1961
Rule 10CB for operationalising the provisions of secondary adjustment has been notified by the Central Board of Direct Taxes on 15th June,
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National Tuberculosis Control Programme to be administered via web based application ‘Nikshay’
Ministry of Health & Family Welfare is administering the Centrally Sponsored Scheme of Revised National Tuberculosis Control Programme (RNTCP) using a web
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Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations
The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by Sections 58, 196 and 208 read with
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Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017
The Union Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for
Continue readingCBDT notifies changes in Rules related to refund of TDS
[Notification No. 45/2017 , dated 5th June, 2017] G.S.R. 554(E).—In exercise of powers conferred by Section 295 of the Income Tax Act, 1961
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Sale of cows at animal markets banned
G.S.R. 494(E).—Whereas the draft Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2016 were published, as required under sub-section (1)
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Grant of Licence for Manufacture of Defence Items
Vide Notification S.O. 1636 (E) dated 19.05.2017 of Ministry of Home Affairs, powers and functions under sub-section (1) of Section (5), clauses
Continue readingComments invited on the Draft ‘Fugitive Economic Offenders Bill, 2017’
It is widely felt that the spectre of high-value economic offenders absconding from India to defy the legal process seriously undermines the
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Govt. to amend law to allow public projects near protected heritage sites
The Union Cabinet has approved the introduction of the Ancient Monuments and Archaeological Sites Remains (Amendment) Bill, 2017 in Parliament. To make way
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Cabinet approves amendment of Public Premises (Eviction of Unauthorized Occupants) Act, 1971 enabling summary eviction proceedings in residential accommodation
The Union Cabinet has given its approval for amendment in Section 2 and Section 3 of the Public Premises (Eviction of Unauthorised
Continue readingGovt. notifies Exemption from quoting Aadhaar/Enrolment ID to certain individuals
The Central Government vide notification dated 11th May, 2017 has notified that the requirement of quoting of Aadhaar/Enrolment ID shall not apply
Continue readingDraft ICDS on Real Estate Transactions notified
The Committee constituted by the Finance Minister to suggest the areas in respect of which further Income Computation and Disclosure Standards (ICDS)
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RBI can direct banks to initiate insolvency resolution process
S.O. 1435(E).-In exercise of the powers conferred by Section 35AA of the Banking Regulation Act, 1949 (10 of 1949), the Central Government hereby
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Benefit of enhanced maternity leave to be extended to women workers already on maternity leave on date of enforcement of Maternity Benefit (Amendment) Act, 2017
The Government has notified the Maternity Benefit (Amendment) Act, 2017 on 28th March, 2017 and the provisions of the Amendment Act have
Continue readingDraft Rules relating to valuation of unquoted equity share for purposes of Sections 56 and 50CA of IT Act, 1961
The Finance Act, 2017 inserted clause (x) in sub-section (2) of Section 56 of the Income Tax Act 1961 (‘the Act’) so
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The Banking Regulation (Amendment) Ordinance, 2017 promulgated for resolution of stressed assets
The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the
Continue readingInsurance Ombudsman Rules, 2017, notified
G.S.R. 413(E).— Whereas, the draft of certain rules namely, the Insurance Ombudsman Rules, 2016, were published in the Gazette of India, Extraordinary,
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Mandatory FASTag fitment proposed on motor vehicles manufactured on/after 1-7-2017
G.S.R. 431(E).—The following draft rules further to amend the Central Motor Vehicles Rules, 1989, which the Central Government proposes to make in exercise
Continue readingSEBI issues circular on disclosure of executive remuneration by Mutual Funds/Asset Management Companies
Circular on Mutual Funds [SEBI/HO/IMD/DF2/CIR/P/2017/35 dated April 28, 2017] 1.Please refer to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated 18 March 2016. 2.In partial
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