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Punjab Government u/s 8-A of the Punjab VAT Act, 2005 has legislated Punjab Small Traders Rahat Scheme, 2014. This scheme has been legislated for the retailers of small towns which falls in the Class-II and Class-III categories notified separately for this purpose.
Institute of Chartered Accountants of India has directed Central Public Information Officer on RTI appeal by Advocate B.S.K.Rao to provide details of total number of members registered with the Institute and the total number of members holding Certificate of Practice (COP).
MCA on the applicability of Sec- 185 of the Companies Act, 2013 with reference to loans made, guarantee given or security provided under Section 372A of the Companies Act, 1956, has come out with necessary clarification vide circular No. 3/2014 dated 14th Feb 2014, which will definitely provide much needed relief to corporates.
The CBDT has issued Circular No. 6 of 2014 dated 11.02.2014 in which the issue as to whether mutual funds/specified companies are required to pay additional income-tax under sub-section (2) to section 115R of the Act not only on income distributed by way of dividend but also on payments made at the time of redemption/repurchase of units as well as at the time of allotment of bonus units to existing investors has been considered in great detail.
The Ministry of Corporate Affairs, inserted paragraph 46 by notification dated 31st March, 2009 which was subsequently modified in 2011 by notification dated May 11, 2011 and notification dated 29th December, 2011 and paragraph 46A in AS 11.
Last Date to apply online for CAG Empanelment for 2014-15 is extended to 21 February, 2014.
New Corporate Governance norms. 1 Person Independent Director in upto 7 cos. 2 five yr terms. No Stock Options for him. Disclose CEO pay & succession plan.
Institute of Chartered Accountants of India has directed Central Public Information Officer on RTI appeal by Advocate B.S.K.Rao to provide details of total number of members registered with the Institute and the total number of members holding Certificate of Practice (COP).
MCA on the applicability of Sec- 185 of the Companies Act, 2013 with reference to loans made, guarantee given or security provided under Section 372A of the Companies Act, 1956, has come out with necessary clarification vide circular No. 3/2014 dated 14th Feb 2014, which will definitely provide much needed relief to corporates.
The CBDT has issued Circular No. 6 of 2014 dated 11.02.2014 in which the issue as to whether mutual funds/specified companies are required to pay additional income-tax under sub-section (2) to section 115R of the Act not only on income distributed by way of dividend but also on payments made at the time of redemption/repurchase of units as well as at the time of allotment of bonus units to existing investors has been considered in great detail.
The Ministry of Corporate Affairs, inserted paragraph 46 by notification dated 31st March, 2009 which was subsequently modified in 2011 by notification dated May 11, 2011 and notification dated 29th December, 2011 and paragraph 46A in AS 11.
Last Date to apply online for CAG Empanelment for 2014-15 is extended to 21 February, 2014.
New Corporate Governance norms. 1 Person Independent Director in upto 7 cos. 2 five yr terms. No Stock Options for him. Disclose CEO pay & succession plan.