MCA
MCA has issued clarification with regard to the provisions of the Corporate Social Responsibility under Section135 of the Companies Act, 2013. It is clarified that the Companies, while
undertaking Corporate Social Responsibility activities under the provisions of the
provisions of the Companies Act, 2013, shall not contravene any other
prevailing laws of the land including Cigarettes and Other Tobacco Products Act
(COTPA), 2003.
Finance Act, 2016
The Finance Bill was presented in the Lok Sabha on February
29, 2016. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later
on it was approved by the Rajya Sabha. The Finance Bill, 2016 received the presidential assent on May 14, 2016. Now it
becomes the Finance Act, 2016 (28/2016). Most of the provisions
including the Krishi Kalyan Cess are
effective from 1st June 2016.
Thanks & Regards,
Meetesh Shiroya
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