©orporate Updates on 16.8.2019
Ø US 30-year yields drop to fresh record low below 2%
Ø RBI's dollar purchases at four month-low in June
Ø Hong Kong unveils $2.4-bn economic support package
Ø WTO to rule on India sugar export subsidies
Ø ONGC investing Rs 83,000 cr in 25 project
Ø WTO quarterly trade growth indicator drops from May
Ø Reliance Industries may buy more cable companies to aid JioFiber plans
Ø Life insurers register 6% growth in new premium income in July: Irdai
Ø Reliance Capital Q1 profit sees 4-fold jump to Rs. 1,218 cr on higher income
Ø Removing angel tax notices will help start-ups in growth: Experts
Ø Oil falls 3% to below $58 a barrel as recession worries weigh on prices
Ø India’s seafood exports to EU to be hit after Vietnam-EU free trade pact
Ø SEZ Board puts off decision on GAIL’s exit from Kerala project; wants dues recovered
Ø Saudi Arabia back as India’s top oil supplier after Reliance deal
Ø Marico to complete acquisition of Beardo by this fiscal-end
Ø Axis Bank ex-chief Dharmesh Mehta and investors buy IDFC Securities
Ø Air India puts more than 60 real estate assets under the hammer
Ø Key committees in IL&FS did not meet for years, reveals RBI probe
Ø Five investors bought nearly two-thirds of the QIP offering in Yes Bank
Ø COAI urges Trai to create consumer awareness on new framework for pesky calls
Ø Protest-hit Hong Kong unveils $2.4-billion economic support package
Ø NCLAT upholds insolvency proceedings against Sahara Q Shop
Ø IFFCO cuts complex fertilisers rate by Rs 50 per bag; DAP to cost Rs 1,250/bag now
Ø IDBI Bank net loss widens to Rs., 3,800 crore as provisions weigh
Ø Inflation slows as economy falters
Ø Yield inversion coming to Asia as growth woes spread
Ø Tata Motors to shut Jamshedpur plant for third time this month
Ø Passenger vehicle output down 13.18 pc in Apr-Jul as major cos. cut production
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I-T Department has spread its net wide and deep for catching those who have deposited unaccounted cash during demonetisation. In the latest directive to the officers, a 17-point checklist has been created, which has to be updated on a server for further action.
MCA has notified new versions of eForms viz. Form AOC-4 XBRL, Form AOC-4 CFS and Form SCP are revised and available on Company Form Download page at MCA website.
RBI is unlikely to vote in favour of overseas sovereign bonds at its meeting with the government. The central bank is concerned that signals by overseas bonds could disrupt local bonds, which are controlled by the RBI.
Professional bodies including those representing lawyers, chartered accountants and architects, among others, as well as big economy companies such as Ola and Uber will have to soon start filing data on jobs created.
The President of India has given his assent for the latest amendments in the Arbitration and Conciliation Act, 1996 and the same has been published in the Official Gazette of India as the Arbitration and Conciliation (Amendment) Act, 2019.
ICAI Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in (May-June) 2019 is declared on Tuesday, the 13th August, 2019 (evening). Visit www.icai.org
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An important issue with regard to obtaining of UDIN in case of tax audit u/s 44AB for proprietorships, partnerships, etc.
It is feasible that in case where FORM 3CB is issued for:
• Giving true and fair view on financial statements; and
• Giving true and correct view on particulars in Form 3CD
both being under one Act i.e. Income Tax Act, 1961 and to be issued in a single report; ONLY 1 (one) UDIN obtained shall be sufficient which is to be quoted on Form 3CB.
I hope this would clear the issue in this respect.
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GST: PM holds meet with Sitharaman and officials to weigh booster dose options:
READ MORE- https://www.gststation.in/gst-pm-holds-meet-with-sitharaman-and-officials-to-weigh-booster-dose-options/