NGOs using Foreign Funds for Anti-National Activities

Adverse reports were received against some NGOs such as Tuticorin Diocesan Association, Tuticorin, East Coast Research and Development Trust, Thoothukudi and Greenpeace India Society, Chennai. Inspection/investigation have been carried out against these NGOs. Based on inspections/ investigations reports, the FCRA registration of Tuticorin Diocesan Association and Centre for Promotion and Social Concern were suspended and …

Clarification relating to filing of e-form DIR-11 & DIR-12 under the Companies Act, 2013

General Circular No.03/2015 F.No.MCA21/272/2014 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5’n Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 3rd March 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification relating to filing of e-form DIR-I1 & DIR-12 under the Companies Act, 2013- regarding. Sir, This Ministry has …

Measures taken to curb Black Money in Budget 2015-16

The Finance Minister, Shri Arun Jaitley signaled the government’s intent to curb generation of black money in real estate in the Budget 2015-16. Presenting the Budget in the Lok Sabha he proposed amendments in the Income Tax Act prohibiting acceptance or repayment of advance in cash of Rs. 20,000 or more for any transaction in …

Banking Reforms

Performance of Public Sector Banks has remained sub-optimal so far.  The Government is taking various steps to improve the situation both on governance side and otherwise.  The focus of these reforms is to improve the quality of deliberations in bank boards, leading to better asset quality and further resulting in better market valuations. What has …

Budget Highlights – Indirect Taxes 2015-16 by ICAI

BUDGET HIGHLIGHTS – INDIRECT TAXES CENTRAL EXCISE Rate of excise duty Education Cess and Secondary & Higher Education Cess leviable on excisable goods fully exempted. Further, standard ad valorem rate of excise duty increased from 12% to 12.5%. Amendments in the Central Excise Act, 1944 1. Section 11A proposed to be amended to provide as …

Appointment As Internal Auditor of IIFCL for Financial Year 2015-16

‘Notice for Invitation of Financial Bids dated 19th February 2015’ for appointment as Internal Auditor of IIFCL for the Financial Year 2015-16. India Infrastructure Finance Company Limited (IIFCL), a Company wholly owned by the Govt. of India, invites Financial Bids from eligible Chartered Accountant firms fulfilling the criteria for appointment as Internal Auditor of IIFCL …

Benefits to Middle Class Tax Payers in the Budget 2015-16

Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration. He said, with a view to …

Appointment for Concurrent Auditors – HUDA

Appointment of Concurrent Auditors Applications are invited from the reputed firms of Chartered Accountants registered/ empanelled with C.A.G. of India having atleast ten years experience from the date of its establishment, in the field of concurrent audit of Government agencies of the State/Central Government Departments/Boards/ Corporation/Banks etc. on the following terms and conditions as under:- …