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Income Declaration Scheme, 2016 – extension of last date are desirable

The IDS has been enacted vide Chapter IX of the Finance Act, 2016 containing sections 181-199. IDS Rules have been framed. There have been large number of clarifications by way of notifications, circulars and series of FAQ. The last circular seems to be issued on 21.09.2016 , and last series that is sixth series of FAQ have been issued recently ( not found) in search.

Sebi stricts on norms of promoter-private equity side deals

The SEBI stricts on corporate governance norms on compensation agreements between promoters and private equity (PE) funds so that they wouldn’t cut other shareholders out of the loop and allowed foreign portfolio investors to invest directly in corporate bonds without a broker.

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