Community & General News
Cases pertaining to Panama Papers
07 November 2017 at 10:27Pursuant to revelations made by the International Consortium of Investigative Journalists (ICIJ), a Washington based organization in April 2016 about certain Indians having linkages with entities in offshore no tax/low tax jurisdictions, the Governme
EOI for representation on independent evaluation committee of IBA
04 November 2017 at 11:39Request for Expression of InterestRepresentation on Independent Evaluation Committee of IBAReserve Bank of India mandated that in respect of all borrowing arrangement exceeding Rs. 250 crores, an Independent Evaluation Committee (IEC) would carry out
No separate application for PAN needed in MCA
03 November 2017 at 10:45As part of its continuous efforts for simplifying Incorporation related process for providing Ease of Doing Business to stakeholders, MCA will be dispensing with the requirement of separately uploading Forms 49 A& 49B after filing SPICe e-forms.A
Approval of framework for consolidation of Public Sector Banks
02 November 2017 at 10:44An Alternative Mechanism for consolidation of the Public Sector Banks (PSBs) has been constituted under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley. The composition of the Alternative Mechanism will be a
Provident fund to carry interest of 7.8% says Govt
25 October 2017 at 16:55General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017. The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit o
MCA issues Notification and rules for Valuation by Registered Valuers
23 October 2017 at 11:08Ministry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers ;. The Companies (Registered Valuers and Valuation) Rules, 2017, finalized after public consultat
Bank data reveals 5800 companies with 13140 suspicious accounts
07 October 2017 at 10:50Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year;
Rates of Interest on Small Savings Schemes to remain unchanged
02 October 2017 at 14:38Rates of Interest on the various Small Savings Schemes for the Third Quarter of the Current Financial Year 2017-18 starting from 1st October, 2017 to remain unchanged. The Government of India has decided that the rates of interest on the various Smal
India's external debt stood at 471.9 billion dollars
18 September 2017 at 10:51Ministry of Finance releases India's 'External Debt: A Status Report 2016-17';India's External Debt stock stood at US$ 471.9 billion at end-March 2017, decreasing by US$ 13.1 billion (2.7 per cent) over the level at end-March 2016. The 23rdIssue
MOU between MCA and CBDT for automatic exchange of information
15 September 2017 at 11:02MOU between the Ministry of Corporate Affairs and Central Board of Direct Taxes (CBDT) for Automatic and Regular Exchange of Information Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money la
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