Following are the main reforms carried out by the government in last one year: 1. Requirement of minimum paid-up capital for companies removed. 2. Requirement of common seal for companies removed. 3. Requirement of filing declaration of commencement for companies removed. 4. Single step incorporation of companies through INC-29 Form. 5. Loans or guarantee to fully owned subsidiary company facilitated.…
Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax; Restaurants, Eating-Joints or Messes Which Do Not Have the Facility of Air-Conditioning Or Central Air-Heating in Any Part of the Establishment are Exempt from Service Tax At present, Service Tax is chargeable on services provided by restaurants, eating-joints or messes which have the facility of air-conditioning…
Background A few international financial institutions were permitted to issue Rupee linked bonds in overseas markets, subject to certain conditions. In view of the interest shown by international investors for these bonds, the Reserve Bank on April 07, 2015 announced in its first Bi-monthly Monetary Policy Statement, 2015-16 its intention to expand the scope of…