Sunday, 24 July 2016

Updates

On 20:49 by Prince Kumar   No comments
Regulatory Updates of the last week of June
  • The MCA21 system will be temporarily unavailable from 8:00 am to 4:00 pm IST on Sunday, 26th June 2016 for system maintenance. Stakeholders are requested to plan accordingly.
  • Form AOC-4 is likely to be revised on MCA21 Company Forms Download page w.e.f 26th June 2016. Stakeholders are advised to download the latest version before filing.
  • CBEC vide Notification No.  27/2016-Customs (ADD) dated 23rd June, 2016 seeks to impose definitive anti-dumping duty on "Poly Vinyl Chloride (PVC) Paste Resin" originating in or exported from Korea RP, Taiwan, China PR, Malaysia, Thailand and European Union for a period of five years.
  • Forms AOC-4 XBRL, GNL-1, INC-6, INC-2 and CRA-2 are likely to be revised on MCA21 Company Forms Download page w.e.f 25th June 2016. Stakeholders are advised to check the latest version before filing

  •  Ministry of Corporate Affairs on its portal has placed FAQs on CRC regarding reservation of name and incorporation of Companies. To read the FAQs Click Here….
  • SEBI has placed consultation paper on amendments to SEBI (PORTFOLIO MANGERS) REGULATIONS, 1993 to seek comments from the public for the purpose of laying down an enabling framework for the registration of Eligible Fund Managers to manage Eligible Investment Funds pursuant to insertion of Section 9A in the Income Tax Act, 1961. Suggestions/ Comments can be forwarded by email to naveens@sebi.gov.in latest by July 03. 2016. For Consultation Paper Click Here….. 
  • CBDT vide Notification No.48/2016 dated 20th June, 2016 has notified the Income–tax (15th Amendment) Rules, 2016.
  • CBEC Vide Notification No. 40/ 2016-Customs dated 21st June, 2016 seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 30.06.2016.
  • CBEC vide Notification No. 39/2016-Customs dated 21st June, 2016 seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to include ‘Republic of Togo’ and ‘Republic of Chad’ in the list of countries eligible for preferential tariff under the said notification.
  • Penalty could not be waived off on grounds of financial hardship if taxpayer failed to deposit collected tax: CESTAT- Delhi.
  • Annual filing forms for Companies Act, 1956 - 23AC, 23ACA, 23B, 20B, 21A are likely to be available on MCA21 portal by mid-August 2016. Stakeholders are requested to plan accordingly.
  • Ministry of Finance vide Notification dated 18th June, 2016 has notified Public Provident Fund (Amendment) Scheme, 2016.Now subscribers are allowed for premature closure of his account or account of a minor of which he is gurdian, on a written application to Account Office on the grounds: treatment of serious alimnets or life threatening diseases and for higher education. This facility is available for the account which has completed five years.
  • RBI vide Press Release: 2015-2016/2935 dated 17th June 2016 in its First Bi-monthly Monetary Policy Statement - 2016-17,  stated that in order to make the process of registration of new NBFCs smoother and hassle free, it has been decided to simplify and rationalise the process of registering new NBFCs. The new application forms will be simpler and the number of documents required to be submitted will be reduced to a minimum i.e. from 45 to 8.Also, registration of some categories of NBFCs will be on fast track mode.

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)