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RBI has clarified the issue relating to lending by NBFCs

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  • RBI has clarified the issue relating to lending by NBFCs

    The government will likely roll back the new income tax return forms that require the disclosure of foreign travel details, among other personal information.

    The tribunal was justified in extending the period of stay of demand beyond 365 days in case hearing could not be taken up for reason not attributable to assessee.[United Health Group Information Services Pvt. Ltd. vs. DCIT, Delhi High Court.]

    RBI has clarified the issue relating to lending by NBFCs against shares of the Indian companies. It has been clarified that the said circular is not applicable to unlisted shares.

    Companies listed in only non-operational stock exchanges to obtain listing in nation-wide stock exchanges in 18 months.[SEBI CIR/MRD/DSA/05/2015 of 17-4-15.]

    AASB issues guidance on reporting under the Companies (Auditor’s Report) Order, 2015 (CARO, 2015) and consequential amendment to the format of the auditor’s report of a company.

    Dena Bank invites applications for appointment of CA firms for conduct of concurrent audit of the branches for the year 2015-2016.
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