MCA
MCA has designated Special Courts for the States of Chhattisgarh, Manipur, Rajasthan, Punjab, Haryana, Union Territory of Chandigarh, Districts of Coimbatore, Dharmapuri, Dindigul, Erode, Krishnagiri, Namakkal, Nilgiris, Salem and Tiruppur, Union Territory of Puducherry for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013. The Special Courts of the above-mentioned States and UTs are provided in the notification. MCA has already designated Special Court in respect of jurisdiction of National Capital Territory of Delhi.
SERVICE TAX
The Department of Revenue has specified that the religious places shall be exempted from payment of Service Tax. All religious places shall be considered to fall within the purview of clause (a) of entry 5 of Notification No. 25/2012- Service Tax, to be exempted from payment of service tax. The Department clarified that services provided by renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961(hereinafter referred to as the Income-tax Act), or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause (23BBA) of section 10 of the Income-tax Act shall be exempted from payment of service tax.
News from NIRC of ICSI
1. NIRC of ICSI is organising One Day Seminar jointly with Varanasi Chapter of NIRC of ICSI on the theme "JUDICIAL FORUM – NCLT & NCLAT AND GST” on Friday, the 9th September, 2016 from 9 AM to 5 PM at Faculty of Commerce, Banaras Hindu University(BHU), Varanasi. Fee: Rs. 750/-per delegate inclusive of service tax; FREE for Corporate Members of NIRC (Delhi & Chapters); Program Credit Hours: 06.
2. NIRC of ICSI is organising One Day Seminar jointly with Chandigarh Chapter of NIRC of ICSI on the theme "NCLT – Prepare to Excel” on Saturday, the 10th September, 2016 from 10 AM to 5 PM at PHD Chamber of Commerce, Chandigarh. Fee: Rs. 750/-per delegate inclusive of service tax; FREE for Corporate Members of NIRC (Delhi & Chapters); Program Credit Hours: 06.
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