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Sanctioned for prosecution given to 366 cases in violation of CSR norms
Ministry of Corporate AffairsPosted On: 10 DEC 2019 5:38 PM by PIB DelhiWhenever any violation of Corporate Social Responsibility (CSR) provisions is reported, action against such non-compliant Compan...
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SFIO’s prepares 55 reports on fraud & misappropriation by Companies
Ministry of Corporate AffairsSFIO’s Market Research Analysis Unit prepares 55 reports on fraud & misappropriation by Companies; SFIO assigned 12 for probePosted On: 09 DEC 2019 4:38PM by PIB DelhiDuri...
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Government amended IEPFA Rules, 2016 to simplify refund of claims
Ministry of Corporate AffairsPosted On: 09 DEC 2019 4:39PM by PIB DelhiThe Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E...
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ICAI debars an examiner for evaluating answer books while travelling in Bus/Tram
It has come to the notice of the Institute that an examiner was evaluating standard sample answer books while travelling in a bus/tram.The Institute has instructed all its examiners to not to evaluate...
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Government designates Special Court under Black Money Law
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V)Notification No. 102/2019-Income TaxNew Delhi, the 4th December, 2019S.O. 4344(E)—In exercise of the...
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8000 taxpayers file returns in 4 days of blocking of eway bill
PRESS RELEASEBlocking of e way bill on non-tiling of GST Returns has been implemented from November 28th, 2019, The NIC Karnataka in association with GSTN has developed a module in eway bill system. w...
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INSOLVENCY AND BANKRUPTCY BOARD OF INDIA - Teaching experience cannot be classified as experience in management for IP Registration
One needs to discern the predominant nature of duties of a person to determine, if he is having experience in management. Coming to the role of manager vis-à-vis teaching professional, it may be noted...
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Income Tax search on Share Brokers unearths Illegal Gain of Rs. 5500 Crore
Ministry of FinanceIncome Tax Department conducts search & survey operations on Share Brokers/Traders across IndiaPosted On: 07 DEC 2019 6:49PM by PIB DelhiOn 3rd December 2019, the Income Tax Departm...
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MOS Finance: DRI must employ new-age technology to fight smuggling networks
Ministry of FinancePosted On: 04 DEC 2019Shri Anurag Thakur, Minister of State for Finance & Corporate Affairs, said that sharing information, using data analytics and usage of non-intrusive technolog...
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Fund Manager Regime | Section 9A | Draft Rules for Comments
F No 142/15/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 5th December, 2019Subject: Framing of rules with respect of Fund Manager Regime u...
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18,782 cases filed under Insolvency & Bankruptcy Code
Ministry of Corporate Affairs18,782 cases filed under Insolvency & Bankruptcy CodePosted On: 03 DEC 2019 4:20PM by PIB DelhiAs on 30th June, 2019, a total of 18,782 cases have been filed under Insolve...
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3 New Functionalities on registration on GST Portal
1. Taxpayers can now see all the GSTINs mapped to same PAN across India, at the time of filing the Part A of the registration application form for new registration, on same PAN.2. Taxpayers applying f...
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CLC recommends decriminalisation of compoundable offences
Ministry of Corporate AffairsCompany Law Committee (CLC) recommends decriminalisation of compoundable offences under Companies ActPosted On: 03 DEC 2019 by PIB DelhiThe Company Law Committee, constitu...
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MCA deactivates 19,40,313 Director Identification Numbers
Ministry of Corporate AffairsPosted On: 03 DEC 2019 by PIB DelhiThe Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to non-fi...
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ICAI President’s Message – December 2019
The Institute of Chartered Accountants of IndiaMy dear Professional Colleagues,Over the years the society has truly become knowledge driven wherein abilities to solve complex issues, foresee the futur...
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GST Revenue collection for November, 2019- Rs 1,03,492 crore
Ministry of FinanceGST Revenue collection for November, 2019Rs 1,03,492 crore gross GST revenue collected in the month of November, 2019Posted On: 01 DEC 2019 1:15PM by PIB DelhiThe gross GST revenue...
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Corporate Affairs Ministry Launches Independent Director’s Databank
Ministry of Corporate AffairsPosted On: 02 DEC 2019 6:10PM by PIB DelhiThe Ministry of Corporate Affairs, with the objective of strengthening the institution of Independent Directors under the Compani...
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The Taxation Laws (Amendment) Bill, 2019 as Passed by Lok Sabha
AS PASSED BY LOK SABHAON 2.12.2019Bill No. 362-C of 2019THE TAXATION LAWS (AMENDMENT) BILL, 2019ABILLfurther to amend the Income-tax Act, 1961 and to amend the Finance (No. 2)Act, 2019.BE it enacted b...
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Income Tax Department conducts searches in NCR
Ministry of FinancePosted On: 02 DEC 2019 7:17PM by PIB DelhiThe Income Tax Department conducted a search and survey action on a group having interest in infrastructure, mining and real estate. More t...
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MCA filed 11,082 prosecutions for non-filling of statement of accounts by Companies
Posted On: 02 DEC 2019 3:12PM by PIB DelhiAs per the provisions of the Companies Act, prosecutions are filed by the Ministry of Corporate Affairs (MCA) through Registrar of Companies against such comp...