Bombay High Court's Tax Bench Constitution w.e.f 08.06.2015
The Constitution of the Bombay High Court's Tax Bench w.e.f. 08.06.2015 has been announced.
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, as assented by the Hon'ble President on 26th May 2015 and as published in the Official Gazette, is available for download.
The Act makes provisions to deal with the problem of the Black money that is undisclosed foreign income and assets, the procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for matters connected therewith or incidental thereto.
The Companies (Amendment) Act, 2015
The Companies (Amendment) Act, 2015, as assented by the Hon'ble President on 25th May 2015, and as published in the Official Gazette, is available for download.
The amendments deal with related party transactions, fraud reporting by auditors, public inspection of Board resolutions, responsibilities of audit committee, restrictions on bail, making common seal optional, requirement for minimum paid-up share capital, strength of benches for hearing winding up cases, jurisdiction of special courts to try offences.
Regards,
Editor,
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