Features of Gold Coin/Bullion Scheme

Govt. Schemes

The Indian gold coin is a part of the Gold Monetisation Programme. The coin will be the first  ever national gold coin and will have the National Emblem of Ashok Chakra engraved  on one side . Initially the coins will be available in denominations of 5 and 10 grams. A 20 gram bar/bullion will also…

Features of Sovereign Gold Bond Scheme

Govt. Schemes

The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be issued on November 26, 2015. The Bonds will be sold through banks and designated post offices as may…

Features of Gold Monetisation Scheme (GMS), 2015

Govt. Schemes

The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them. Resident Indians (Individuals, HUF, Trusts including Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Regulations and Companies) can make deposits under the…

Among others Special Investigation Team (SIT) calls for greater vigilance by law enforcement and intelligence agencies while examining the cases of persons holding Directorship in more than 20 Companies and where more than 20 companies are operating from the same address

Company Law

The Special Investigation Team (SIT) in its Third Report had observed the following with respect to Shell Companies and Beneficial Ownership: “Shell Companies and beneficial ownership (Reference p. 73-76 of the Third SIT Report) The Report of the Committee headed by Chairman, CBDT on “Measures to tackle Black Money in India and Abroad” submitted in…