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Companies Act , 2013 published in the Gazette of India on 30th August 2013

After being approved by Parliament last month and receiving assent from President Pranab Mukherjee, the historic Companies Bill has been enacted. http://icsi.edu/WebModules/LinksOfWeeks/Companiesact_2013_Gazette.pdf

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KYC procedure for opening of Bank Accounts for Foreign students studying in India

Foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability of any proof of local address therefore it has been decided to lay down a procedure for opening accounts of foreign students who are not able to provide an immediate […]

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The Companies Act, 2013 has acquired assent by President of India on August 29, 2013.

The new Companies Bill has received President’s assent, that will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country. The Companies Bill 2013 received assent from the President Pranab Mukherjee on August 29 2013. The new Bill, providing for sweeping changes in the way companies operate and […]

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Gift received by assessee on occasion of his daughter’s marriage won’t be exempt as the word individual appearing in proviso to sub-clause (vi) of sec. 56(2) relates to marriage of assessee and not of his daughter.

The High Court held as under: 1) Proviso to sec. 56(2)(vi) provides that gift received on the occasion of the marriage of an individual would be exempt from tax. There is no ambiguity in such proviso; 2) The expression “individual” appearing in proviso (b) to section 56(2)(vi) of the Act, is preceded by the word […]

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Oral Tuition Classes

The contents on this page are meant for the Oral Tuition Batch of Group II Intermediate Stage of EIRC of ICSI. This is for reference of students of ICSI as mentioned earlier, and should not be printed, produced, reproduced for any other use. The content is provided in good faith, however there is no liability […]