The Finance Act, 2016 has imposed equalisation levy of 6% on non-resident persons not having permanent establishment in India for providing online advertisement services to persons resident in India or non-residents having permanent establishment in India. However, the liability and burden of...
Domestic aviation generates near zero forex revenues and incurs large forex costs ~ a debit in India’s balance of payments. Domestic airline passengers act as importers subsidised by our meagre exporters of textiles, leather, handicrafts, tea, etc. What a managerially-minded PM and Aviation ...
Finance Act, 2014SK Attorneys
Indian Overseas BankINR 2.20 crore (Rupees Two crore and twenty lakhs only)Contravention of the provisions of Section 17(1) of the Banking Regulation Act, 1949 and non-compliance with RBI Directions on ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to ...
Companies incorporated under the Companies Act, 2013 or any previous company law. Limited Liability Partnerships (LLPs). Individuals and partnership firms. Personal guarantors to corporate debtors. Other entities as notified by the Central Government. ...
individuals to lift themselves out of poverty. For many living in poor communities in developing countries, access to capital can deliver a much-needed boost to their standard of living, an opportunity to provide an education for their children, or act as the impetus necessary to start a new ...
Under new guidelines of the Companies Act that specify how account books must be kept in electronic format, every company that uses accounting software to maintain its books of accounts must use only accounting software that has a feature for recording an audit trail. For ...
Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC) under Special Economic Zone Act, 2005 (“SEZ Act 2005”). It is being developed as a global financial services hub. GIFT IFSC is a Multi Services Special Economic Zone with 105...
The long-awaited transaction, which was flagged eight years ago, is part of the bank’s newly established covered bond programme and provided a yardstick for Kookmin Bank's $500 million October offering -- the first since the passing of the Korean Covered Bond Act in April 2014. ...
House Reps. Introduce TICKET Act to Force Ticket Sellers to Disclose Base Price and Fees US lawmakers recently introduced the TICKET Act, which aims to force ticket sellers to display upfront and at point of sale, all fees imposed as charges. The bipartisan bill formally titled as “Transparen...