In exercise of the powers conferred by Section 157 of the trademark Act 1999, the Central Government hereby makes following rules in supersession of the trademark rules 2002, to be called Trademark Rules, 2017.

The tourism ministry is considering a proposal to extend the e-visa facility to business travellers. Meetings, incentives, conferences and exhibitions (MICE) is a significant segment within the tourism and hospitality sector and the government hopes e-visas for business travel will boost the segment further. Electronic visa would make it attractive for business travellers as they … Continue reading “Government wants E-visas for business travel will boost the segment further”

Form SPICe MoA, SPICe AoA are likely to be revised on MCA21 w.e.f 26th FEB 2017.

World Bank in a new report has ranked all BJP ruled states as the best places to do business in India. Telangana and Andhra Pradesh – top the rankings. All other states in the top ten, barring Uttarakhand which occupies the ninth place in the rankings, are ruled by the BJP. The Congress and regional party ruled states seem … Continue reading “BJP ruled states -top the World Bank’s rankings”

The Reserve Bank of India has issued Master Direction for Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016. These Directions shall apply to all deposit taking Non-Banking Financial Companies and systemically important non-deposit taking Non-Banking Financial Companies.

In keeping with his push to steer India towards a digital economy, Prime Minister Narendra Modi on Friday launched a new e-wallet app, BHIM, named after founding father Dr BR Ambedkar, to make it easier to transact online. The Aadhaar-based mobile payment application will allow people to make digital payments directly from their bank accounts. … Continue reading “BHIM App Launched, PM Narendra Modi Says World Will Google For It.”

State Bank of India (SBI), the country’s largest lender, has reduced its marginal cost of funds based lending rate (MCLR) by a whopping 90 basis points. Among the steepest interest rate cuts in a long time, the move is aimed at boosting loan growth, which has fallen to a multi-decade low. MCLR is the benchmark … Continue reading “Loans to be cheaper as SBI slashes rate”

Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs and Companies … Continue reading “INC-7 form withdrawl for incorporating OPC and Companies with up to Seven Subscribers”

Submitted by business_centrik on 16/02/2017 The Union Cabinet on Wednesday approved the merger of State Bank of India with five of its associate banks including State Bank of Bik aner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. The merger proposal was announced in May 2016 … Continue reading “Cabinet approves SBI merger with 5 associate banks”

Submitted by business_centrik on 31/01/2017 All limits on cash withdrawals from current accounts removed with immediate effect. The Reserve Bank of India (RBI) has removed the cash withdrawal limit from current accounts, cash credit accounts and overdrafts, with immediate effect. The RBI also announced that from February 1, the withdrawal in a single day from a savings … Continue reading “From Feb. 1, SB account holders can withdraw ₹24,000 from ATMs in one go”

Submitted by business_centrik on 16/01/2017 The limit on withdrawals from ATMs has been enhanced from the current limit of ₹ 4,500/- to ₹ 10,000/- per day per card (It will be operative within the existing overall weekly limit). The limit on withdrawal from current accounts has been enhanced from the current limit of ₹ 50,000/- per week to … Continue reading “Enhancement of withdrawal limits from ATMs and Current Accounts”

Submitted by business_centrik on 06/01/2017 The country’s largest lender State Bank of India will take the lead among state-run lenders to launch branch less banking called SBI Digi Bank, something similar to what Citi or DBS have done elsewhere in the world. The Digi Bank will have a financial superstore, a market place, and end-to-end digitisation for all … Continue reading “SBI to launch its own version of digital only bank soon”

Submitted by business_centrik on 28/12/2016 The penalties will be imposed on anyone who possess old Rs 500 and Rs 1000 notes post December 30, as the last date to deposit the demonetised money in banks would expire on this date. Only selected RBI branches would accept old currency of Rs 500 and Rs 1000 after December 30. … Continue reading “Holding old currency beyond March 31 could lead to a hefty fine or imprisonment”

Submitted by Tax_centrik on 19/12/2016 As GST would going to implement from April 2017, all existing tax payers registered under Service tax, Excise and other state laws such as VAT, need to get register themselves for migrated in to new tax regime- We are providing you list of date of opening and closing of registration for GST … Continue reading “GST Registrations Starts”

The due date for submission of refund application in Form e-501 ups 51 of MVAT Act, 2002 for the period 2014-15 was 30.09.2016. Now due to the technical problems faced by dealer it has been extended by 7 days i.e up to 08/10/2016.