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    Corporate Governance is in the interests of companies as it enhances their image, acceptability and profitability, says Ministry of Corporate Affairs...
    No Association with ‘IBBI Insolvency Practitioners LLP’
    Pink-Color Economic Survey 2017-18 Highlights Gender Issues Against Backdrop of Development Beti Bachao, Beti Padhao; Sukanya Samridhi Yojana and Mand...
    Growing Migration by Men is Causing ‘Feminisation’ of Agriculture Sector, Says Economic Survey
    Utmost Priority to Social Infrastructure Like Education, Health and Social Protection is Given to Engineer an Inclusive and Sustainable Growth, Says E...
    Agricultural Mechanization Picks up Pace
    Rs.20,339 Crore Approved for Interest Subvention in 2017-18: Economic Survey
    Agricultural R&D Needed to Sustain Agricultural Productivity Growth Says Economic Survey
    On the occasion of the 69th Republic Day, the Ministry of Corporate Affairs (MCA) is launching the Government Process Re-engineering (GPR) initiatives...
    Corporates open to public gaze as data available online: FM
    The Union Minister of State for Ministry of Law, Justice and Corporate Affairs Shri P.P. Chaudhary: Independent Directors are watch persons of Corpora...
    The Central Government notifies the Companies (Amendment) Act, 2017
    In FY 2016-17, 29,403 companies registered as LLP on all India basis
    CSR expenditure of companies for FY2015-16 is RS 13,625.25 crores
    Based on investors’ grievances, action has been taken against 80 companies in FY 2015-16, against 149 companies in FY 2016-17 and against 83 compani...
    Companies report CSR expenditure of ₹ 13,625.25 crores in FY2015-16; education, differently-abled and livelihood get maximum CSR funds of ₹...
    196 companies faced penal action in FY 2014-15 for non-compliance of CSR norms; Maharashtra tops in CSR expenditure in FY 2015-16
    Sports related CSR expenditure increase to ₹ 80.05 crores in FY 2015-16 as compared to FY 2014-15; North-East sports related CSR surges to ͅ...
    IBBI publishes syllabus, format and frequency of examinations for “valuers”; from 1st April 2018, only registered “valuers” can conduct valuat...
    Insolvency Bankruptcy Board of India publishes syllabus and other details of educational courses and valuation examinations
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    January 30, 2018
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    Corporate Governance strengthened through IICA IFC cooperation to build director capacity and institute a national compliance index.
    A two year IICA-IFC cooperation aims to strengthen corporate governance by training Independent Directors, Women Directors and governance professionals and by instituting a Corporate Governance Index for annual monitoring of compliance and governance improvements across public and private companies.
    January 30, 2018
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    Unauthorised use of regulator name warns stakeholders to treat the LLP as unassociated and unregistered.
    The authority states it has not authorised use of its name; the LLP named "IBBI Insolvency Practitioners LLP" is not registered as an Insolvency Professional Entity and has no association with the authority. Stakeholders are advised to consider this clarification when dealing with that LLP as a public advisory.
    January 29, 2018
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    Gender outcomes have improved overall, but son preference and low female employment and reversible contraception use persist.
    The Economic Survey 2017-18 assesses gender across Agency, Attitudes, and Outcomes, reporting improvements on 14 of 17 indicators but persistent challenges in female labor force participation, reversible contraception use, and son preference. It notes regional heterogeneity with North-Eastern states outperforming others and that development alone has not erased deep-rooted son preference. The Survey endorses Beti Bachao Beti Padhao, Sukanya Samridhi Yojana, and mandatory maternity leave as positive policies and urges a national commitment to confront meta-preference for sons and to strengthen measures advancing women's agency and outcomes.
    January 29, 2018
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    Feminisation of agriculture: policy must secure women farmers' access to land, credit and gender-responsive services.
    Male out-migration has led to feminisation of agriculture, increasing women's roles across the agricultural value chain while exposing gendered disadvantages in access to land, water, credit, inputs, technology and markets. The Survey endorses targeted measures-earmarked budgetary allocations for women beneficiaries, women-centric program design, strengthening women's self-help groups, and institutional recognition such as Women Farmer's Day-and urges an inclusive transformative agricultural policy with gender-specific interventions, greater entitlements for women farmers, and gender-expert extension services to raise smallholding productivity.
    January 29, 2018
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    Inclusive growth: prioritise social infrastructure to expand education, health and social protection and ensure equitable access.
    Priority to social infrastructure-education, health and social protection-is central to engineering inclusive growth by expanding human-capital provisioning and improving expenditure efficiency through scheme convergence. Bridging gender gaps in education, skills, employment and earnings and reducing social inequalities are core objectives. The Survey recommends complementing macroeconomic growth with measures that ensure equitable access to growth benefits and strengthening the policy and institutional ecosystem to support inclusive, broad-based development.
    January 29, 2018
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    Land consolidation to enable agricultural mechanization can increase uptake and cost-efficiency through rental and custom-hire models.
    Consolidation of fragmented land holdings is presented as a prerequisite to increase adoption of agricultural mechanization and to realise economies of scale in farm operations. The note highlights a structural shift from animate to mechanical and electrical farm power and advocates institutionalised custom-hire or rental service models for expensive implements to reduce costs and broaden access, to be delivered by private or public entities in major production hubs.
    January 29, 2018
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    Interest subvention supports short-term and post-harvest loans, linking Kisan Credit Card access to crop insurance and market reforms.
    Government-funded interest subvention subsidises short-term crop loans and post-harvest storage loans for Kisan Credit Card holders, providing a concessional interest benefit on storage loans for up to six months to enable sale timing that avoids distress sales. The subvention is linked with crop insurance under the Pradhan Mantri Fasal Bima Yojana and market reforms such as the electronic National Agriculture Market (e-NAM) to promote institutional credit access and improve farmer incomes.
    January 29, 2018
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    Agricultural R&D drives sustained productivity growth; increased public investment expanded intellectual property protections and improved crop varieties.
    Agricultural R&D is the principal source of innovation to sustain long term productivity growth; increased public investment in research led to expanded intellectual property activity - including patent, copyright, trademark filings and protection under the Plant Varieties regime - and supported development and release of numerous high yielding, stress tolerant varieties across cereals, oilseeds, pulses, commercial and forage crops.
    January 25, 2018
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    Company incorporation reforms: new RUN name reservation, zero incorporation fee below capital threshold, and DIN via SPICe on appointment.
    The Ministry of Corporate Affairs is launching GPR initiatives to streamline company formation by introducing the RUN - Reserve Unique Name web service for name reservation; instituting zero fee incorporation for companies below a specified authorized capital threshold; and re engineering DIN allotment so DINs are issued via the combined SPICe form only upon an individual's appointment as director if they do not already hold a DIN.
    January 19, 2018
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    Corporate transparency via online data increases scrutiny and strengthens CSR compliance under Companies Act reporting obligations.
    Online public availability of corporate data increases transparency and the likelihood of detecting impropriety, including routing of funds through shell companies, and the launch of the National CSR Data Portal and Corporate Data Portal amplifies public scrutiny. The Companies Act, 2013 formalised a statutory CSR obligation for specified profitable companies and requires boards to state reasons in the board report if mandated CSR spending is not made; public disclosure via MCA portals is intended to institutionalise CSR reporting and accountability.
    January 11, 2018
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    Independent Directors capacity development emphasized; government to consider a centralized database to strengthen board oversight
    Independent Directors serve as oversight and advisory mechanisms on boards, crucially monitoring internal financial controls and promoting transparency. Regular capacity development and orientation for newly appointed Independent Directors of public sector banks and undertakings is essential to equip them for advisory, monitoring and policy-setting roles. A two-day programme at IICA aims to train 40 newly appointed Independent Directors with expert contributions from regulators, industry and international bodies. The Central Government is considering a centralized database of Independent Directors at IICA under Section 150 of the Companies Act, 2013 to support appointments, accountability and capacity-building.
    January 8, 2018
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    Issuance of shares at discount allowed for statutory resolution plans; creditor consent required for managerial remuneration.
    The Amendment Act permits issuance of shares at a discount when debt is converted into equity under a statutory resolution plan, affecting implementations under the Insolvency and Bankruptcy Code. It requires prior consent of relevant creditors before shareholder approval for excess managerial remuneration where a company has defaulted to banks, public financial institutions, debenture holders, or other secured creditors. The Act also bars registered valuers from valuing assets if they had a direct or indirect interest during the three years before appointment or for three years after completing a valuation.
    January 5, 2018
    Show AI Summary
    Limited Liability Partnership rules shape incorporation and governance, with nationwide increases in LLP registrations and conversions.
    The Limited Liability Partnership Rules, 2009 provide procedures for LLP incorporation, governance, partner relations, roles and liabilities of designated partners, penalties, investigation powers, internal working mandates including maintenance of accounts and audits, and statutory filing requirements with the Registrar for financial position and solvency, as well as conversion procedures from firms and companies into LLPs. State/UT wise data for 2014 15 to 2016 17 show numbers of conversions and registrations with all India aggregates for each year, as reported in a parliamentary written reply.
    January 5, 2018
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    CSR reporting: statutory audit covers CSR spending and distinguishes local-area versus aggregated all-India disclosure.
    Aggregate corporate CSR expenditure for 2015-16 was reported in company filings to the registry with a portion identified as spent in local areas and other expenditures reported on an aggregated all-India basis. The statutory audit framework under Chapter X of the Companies Act, 2013 includes audit of CSR spending, so CSR expenditures are subject to audit scrutiny within the company audit and registry filings inform published aggregate statistics.
    January 3, 2018
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    Stakeholders Relationship Committee requirement: companies face enforcement for failing to redress investor grievances, trading not automatically suspended.
    Companies exceeding the statutory security-holder threshold must constitute a Stakeholders Relationship Committee to resolve investor grievances; regulatory enforcement actions, including initiation of adjudication proceedings and other measures, have been taken against multiple companies for failure to redress complaints. Receipt of an investor complaint does not automatically trigger immediate suspension of trading in the company's scrips.
    January 3, 2018
    Show AI Summary
    Corporate social responsibility under Section 135 shows increased reported spending and sectoral allocations across health, education, and rural development.
    Section 135 of the Companies Act, 2013 imposes CSR obligations; MCA21 filings up to 31 March 2017 show reported CSR expenditure rising from Rs. 9,553.72 crore in FY2014-15 to Rs. 13,625.25 crore in FY2015-16, with major allocations to health and to education/differently-abled/livelihood. The filings include a detailed sectoral breakdown and disclose that 8,924 and 10,547 companies respectively failed to spend any amount in the two years, while the Ministry did not separately analyse spending below twenty percent of prescribed CSR amounts.
    January 3, 2018
    Show AI Summary
    Corporate Social Responsibility compliance: penal action invoked and state-wise CSR spending rose, with Maharashtra highest.
    Enforcement of Corporate Social Responsibility obligations has been advanced through administrative guidance and invocation of penal provisions; permission for penal action was accorded in respect of 196 companies for financial year 2014-15. The statutory CSR regime under section 135 commenced from financial year 2014-15, and registry filings for 2014-15 and 2015-16 show an increase in the number of reporting companies and aggregate CSR expenditure, with Maharashtra reporting the largest state-level expenditure.
    January 3, 2018
    Show AI Summary
    CSR sports expenditure reporting increased, showing a marked rise in company disclosures and regional allocation.
    Section 135 of the Companies Act, 2013 commenced for FY 2014-15, triggering CSR reporting; registry filings through 31 March 2017 show sports-related CSR rose from Rs. 53.34 crore in FY 2014-15 to Rs. 133.39 crore in FY 2015-16, and North East spending increased from Rs. 5 lakh to Rs. 108 lakh over the same period.
    January 1, 2018
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    Registered valuer requirement: registration and qualification exams now mandatory to conduct statutory valuations across asset classes.
    Registration and examination regime requires persons conducting statutory valuations to be registered valuers who clear specified valuation examinations in the asset classes of securities or financial assets, land and building, and plant and machinery; courses must be delivered by Registered Valuer Organisations, and registration prerequisites include necessary qualifications and experience, enrollment with an RVO, completion of an RVO course, and passing the regulator's valuation examination.
    January 1, 2018
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    Registered valuer requirement: registration with the designated authority mandates RVO enrolment, course completion and passing the valuation exam.
    Registration as a registered valuer with IBBI is required to undertake valuations under the Companies Act and the Insolvency and Bankruptcy Code; prerequisites include necessary qualifications and experience, enrolment in a Registered Valuer Organisation, completion of a recognised educational course delivered by the RVO, and passing the valuation examination conducted by IBBI. IBBI has recognised RVOs and published syllabi and examination details for specified asset classes on its website.

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