Thursday, 8 October 2015

Corporate Updates From PGC


  • MCA modified versions of Forms INC-29, AOC-4 (Non XBRL), MGT-7 and MGT-15 w.e.f   October 8, 2015 2015

  • Via circular no. CIR/IMD/FPIC/8/2015 dated October 6,2015 limits for FPI investment in debt securities to be fixed in rupee terms and investment by FPI’s in government securities is increased up to certain limits

  • Via report dated October 6, 2015 Insurance Laws (Amendment) Act, 2015, has permitted foreign reinsurers to set up branch office in the country. In view to this, committee has been set up with a view to seek comments from all stakeholders. 

RBI/TAX UPDATES                              

  • Via Circular No.186/5/2015-ST dated October 5, 2015 CBEC provided abatement of 70% for services provided by GTA as presently applicable to GTA service.

  • Karnataka government proposes a 1% levy, in the form of VAT deducted at source, on payments by buyers to sellers on e-commerce sites

Best regards,
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