21 January 2015
“We believe in ordinary acts of bravery, in the courage that drives one person to stand up for another.” - Veronica Roth, Divergent “Don't be afraid of your fears. They're not there to scare you. They're there to let you know that something is worth it.” - C. JoyBell C. “The unhappiest people in this world, are those who care the most about what other people think.” - C. JoyBell C There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing...
Read more →9 December 2014
EXTERNAL COMMERCIAL BORROWINGS BY INDIAN COMPANIES *Compilation by CA A. K. Jain Indian Companies can access funds from abroad in the following ways: (i) External Commercial Borrowings ECBs refer to commercial loans in the form of bank loans, securitized instruments (eg. floating rate notes and fixed rate bonds, non-convertible, optionally convertible or partially convertible preference shares), buyers’ credit, suppliers’ credit availed of from non-resident lenders with a minimum average maturit...
Read more →8 December 2014
FICCI Lauds Government View On Not Filing Appeal In Vodafone Case November 27th, 2014, The Federation of Indian Chambers of Commerce and Industry has welcomed Attorney General Mukul Rohatgi's advice to the Income Tax department not to file an appeal against the Bombay High Court judgment in the Vodafone tax case. "FICCI welcomes the decision of the government not to appeal against the judgment relating to the transfer pricing tax issue involving Vodafone," FICCI president Sidharth Birla said in...
Read more →8 December 2014
DTAA a Constrain In Disclosing Names Of Foreign Account Holder - Arun Jaitley October 17th, 2014, After the government toed the UPA government's line in the Supreme Court, Finance Minister Arun Jaitley today blamed the agreement entered into by the Congress government with Germany in 1995 as a constraining factor in disclosing details of black money stashed abroad. He rejected the charge that the Modi government was reluctant to part with information about the names of persons having blackmoney...
Read more →15 July 2014
INDIAN GOVT. CAN COLLECT RS. 80,000 CRORES LYING INSIDE NEW DELHI RAILWAY STATION MONETISE ARIEL SPACE OVER PLATFORMS BY CONSTRUCTING MEGA BUSINESS COMPLEX Chongqing Highspeed Railway Terminal (300 Meter Office Towers) INTRODUCTION Railway Minister Shri D.V. Sadananda Gowda, in his 2014 Budget Speech has mentioned, “in the last 10 years, 99 New Line projects worth ` 60,000 crore were sanctioned out of which only one project is complete till date. In fact, there are 4 projects that are as old as...
Read more →16 August 2013
The salient features of the new Companies Bill, 2013 are summarised herein below. Although the bill is approved by both the houses of the Parliament, it is yet to be stamped by the President of India. • The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956. • The entire bill has been divided into 29 chapters. • Many new chapters have been introduced, viz., Registered Valuers (ch.17); Government companies (ch. 23); Companies to furnish information or statistics (ch....
Read more →25 March 2013
2014 GENERAL ELECTION YOUR ELECTION MANIFESTO WILL BE ROAD TO SUCCESS BY CA A. K. JAIN The next General Elections are due in 2014. All political aspirants have already started working out policies and strategies to approach public for support and vote. However, it is no longer an easy mission to convince Indian voters to vote for any party or individual. Television programmes and print media have turned Indians into a conscious and informed class. Now, people are looking forward towards strong p...
Read more →29 June 2012
DTAA BETWEEN INDIA & MONTENEGRO Agreement For Avoidance Of Double Taxation And Prevention Of Fiscal Evasion With The Government Of Republic Of Montenegro NOTIFICATION NO. 4/2009 [F.NO. 503/1/1997-FTD-I]/S.O. 96(E), DATED 7-1-2009 WHEREAS the annexed Convention between the Government of Republic of India and the Council of Ministers of Serbia and Montenegro for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed at New Delhi on 8th day of February, 2006; AND...
Read more →17 October 2011
HOW “THE LOK PAL” CAN FIT IN INDIAN CONSTITUTIONAL SYSTEM BY CA A. K. JAIN Mr. Anna Hazare is trying to fix Lok Pal in an already crowded space shared by investigative agencies like CBI, RAW, IG, Police, CAG & multi layer judicial system consisting of Supreme Court, High Court and Lower Courts etc. The entire law enforcing system is already choked with multiple authorities &; there does not appear any space for the most advertised position of the Lok Pal. Any attempt to bring constitutional amen...
Read more →4 June 2011
BABA RAMDEV NEEDS INSTANT GOVERNMENT ATTENTION ……… SOLUTION IS INBUILT……… BY CA A. K. JAIN The most hyped and high profile hunger strike of Baba Ramdev has shaken the country's veteran politicians. In fact it forced the administration to initiate police action (in the middle of the night on 4th June, 2011) to tamper the entire movement and send Baba to his home in Haridwar. For last two years, the government linked financial scandals have become a regular news feature. The media is making the be...
Read more →
