Tag Archives: notification

Startups redefined; tax conditions amended: Govt.

The Department for Promotion of Industry and Internal Trade (“DPIIT”) through its notification no. G.S.R. 127(E) dated February 19, 2019 (“Notification”) has expanded the definition of startups and has relaxed conditions for claiming exemption under section 56(2)(viib) of the Income … Continue reading

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Notifications & Circulars issued by RBI are of statutory nature: BHC

The Bombay High Court recently held that notifications and circulars issued by the Reserve Bank of India are of statutory nature and therefore binding on all concerned parties. The Court said that the banking companies cannot act as per their … Continue reading

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Foreign Law/Accounting firms may work in SEZs: Govt.

Indian government has amended Special Economic Zones Rules, 2006 and in doing so may have allowed the entry of foreign law and accounting firms in these Special Economic Zones (“SEZ”). The Ministry of Commerce and Industry vide its Gazette notification … Continue reading

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E-Carts & E-Rickshaws freed from permit requirements: Govt.

The Indian Ministry of Road Transport and Highways has issued a Gazette Notification today that serves to free e rickshaws and e carts from permit requirements. According to the notification, the provisions of the sub-section (1) of section 66 of … Continue reading

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Changes made in Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015: RBI

Attention of Authorised Dealers Banks is invited to the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, notified vide Notification No. FEMA 10(R)/2015-RB dated January 21, 2016, and A.P (DIR Series) Circular No. 51 … Continue reading

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Companies Act 2013 provisions applicable to private companies modified: MCA

The Ministry of Corporate Affairs notified on June 5, 2015 that certain provisions of the Companies Act, 2013 shall not apply to private limited companies or shall apply with such exceptions or modifications as directed in the notification. http://goo.gl/Oawjjr These … Continue reading

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Indian Govt makes PIO Card valid for life time

Indian Government has notified that Person of Indian Origin Card (PIO Card) issued to an applicant shall be valid for his life time from the date of its issue provided that such applicant has a valid passport. The notification also … Continue reading

Posted in Family Law, General Law, Immigration, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment