Corporate Updates – 17-12-2015


India and Japan signed a Protocol for amending the existing Convention for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income which was signed in 1989. The Protocol provides for internationally accepted standards for effective exchange of information on tax matters including bank information and information without domestic tax interest. It further provides that the information received from Japan in respect of a resident of India can be shared with other law enforcement agencies with authorisation of the competent authority of Japan and vice versa. The Protocol also provides that both India and Japan shall lend assistance to each other in the collection of revenue claims. In addition, the Protocol provides for exemption of interest income from taxation in the source country with respect to debt-claims insured by the Government / Government owned financial institutions.


CBEC has made the use of Digital Signature for filing of documents through ICEGATE mandatory w.e.f. 1st January, 2016. All remote EDI service users are requested to procure Digital Signature from any certifying authority and start using in filing of documents through ICEGATE. To sign the documents the Common Signer utility hosted at ICEGATE website may be utilized by the users. The Advisory, Common Signer, Process Document etc. are available at:

43rd National Convention of Company Secretaries

The 43rd National Convention of Company Secretaries, on the theme "Make in India – Innovate, Excel and Grow" shall be held on Thursday, December 17, 2015 to Saturday, December 19, 2015 at Kempinski Ambience Hotel, 1, CBD, Maharaja Surajmal Road, Near Yamuna Sports Complex, Delhi – 110032. NIRC of ICSI has announcedSpecial Discount of Rs. 1,000/- to Corporate Membersof NIRC for attending 43rd National Convention. For Registration and Attractions of the 43rd National Convention of Company Secretaries, please visit

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