The Government of India has announced that the Sovereign Gold Bond will be open for subscription from November 5 to 20, 2015. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2684 (Rupees Two Thousand Six Hundred and Eighty Four) per gram of gold. The rate has been…
DetailsThe 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…
DetailsCIRCULAR NO. 18/2015 F.No.279/Misc./140/2015/ITJ Government of India Ministry of Finance Directorate of Income-tax Legal & Research ** **** New Delhi, 2nd November, 2015 Subject: Interest from Non-SLR securities of Banks – reg. It has been brought to the notice of the Board that in the case of Banks, field officers are taking a view that,…
DetailsCertain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against 91 entities…
Details7 November 2015 – Due date for deposit of Tax deducted/collected for the month of October, 2015 15 November 2015 – Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2015 22 November 2015 –…
DetailsGovernment of India, in consultation with Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds. The Bonds will be issued on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be sold through banks and designated post offices as may…
DetailsIt had been decided to switch to exclusive e-publishing of all Gazette Notifications of Government of India with effect from 1st October, 2015. It has been decided that the physical printing and sale of hard copies of Gazette by the Government shall completely cease. This measure is in line with provisions of Section 8 of…
DetailsWith a view to enabling NRIs’ access to old age income security, it has now been decided, in consultation with the Government of India, to enable National Pension System (NPS) as an investment option for NRIs under FEMA, 1999. Accordingly, NRIs may subscribe to the NPS governed and administered by the Pension Fund Regulatory and…
DetailsThe Hon’ble Supreme Court vide its interim orders dated July 4, 2012 and September 14, 2015, passed in the case of the Bar Council of India vs A.K. Balaji & Ors., has directed RBI not to grant any permission to any foreign law firm, on or after the date of the said interim order, for…
DetailsBased on the recommendations of Foreign Investment Promotion Board in its meeting held on 29th September 2015, the Government has approved 16 (sixteen) proposals of Foreign Direct Investment amounting to Rs. 4,722 crore. The following 16 (Sixteen) proposals have been approved: Sl. No. Item No. Name of the applicant Gist of the proposal Sector FDI…
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