SEBI Meet: Illegal mobilization of funds by unregistered entities held as fraudulent and unfair trade practice
Posted Date : 14-Aug-2013 , 11:28:45 am | Posted By: Vinay Sharma
SEBI BOARD MEETING - CLARIFICATORY AMENDMENT TO THE SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKETS) REGULATIONS, 2003; SECURITIES LAWS (AMENDMENT) ORDINANCE, 2013 AND INDEPENDENT CONSULTANT
PRESS RELEASE NO. 73/2013,DATED 12-8-2013
The SEBI Board met in Mumbai today and took the following decisions:
1. Amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 - Illegal mobilization of...
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Special Economic Zones (Amendment) Rules, 2013 - Amendment In Rules 5, 11 & 19 and Insertion Of Rule 74A & Annexure IVA
Posted Date : 14-Aug-2013 , 11:28:26 am | Posted By: Vinay Sharma
SPECIAL ECONOMIC ZONES (AMENDMENT) RULES, 2013 - AMENDMENT IN RULES 5, 11 & 19 AND INSERTION OF RULE 74A & ANNEXURE IVA
NOTIFICATION [F.NO.C.2/1/2013-SEZ],DATED 12-8-2013
In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005(28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:—
1.(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2013.
(2...
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Exim Bank\'s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia
Posted Date : 13-Aug-2013 , 12:32:34 pm | Posted By: Vinay Sharma
RBI/2013-14/178A.P. (DIR Series) Circular No. 22
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 300 million to theGovernment of the Federal Democratic Republic of Ethiopia
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 13, 2013 with the Government of the Federal Democratic Republic of Ethiopia, for making available to the latter, a Line of Credit (LOC) of USD 300 million (USD Three hundred milli...
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Exim Bank\'s Line of Credit to the Republic of Zimbabwe
Posted Date : 13-Aug-2013 , 12:32:11 pm | Posted By: Vinay Sharma
RBI/2013-14/177A.P. (DIR Series) Circular No. 21
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 28.60 millionto the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 21, 2013 with the Republic of Zimbabwe, for making available to the latter, a Line of Credit (LOC) of USD 28.60 million (USD Twenty- eight million six hundred thousand only) for financing eligible goods, services, ...
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FEMA |
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Compounding of Contraventions under FEMA, 1999
Posted Date : 13-Aug-2013 , 12:31:43 pm | Posted By: Vinay Sharma
RBI/2013-14/176 A.P. (DIR Series) Circular No. 20
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Attention of Authorised Dealers (ADs) and their constituents is invited to paragraph 7.2 ofA.P. (DIR Series) Circular No. 56 dated June 28, 2010wherein they were advised to ensure that the applications for com...
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Option to close cases of default in Export Obligation
Posted Date : 13-Aug-2013 , 12:22:17 pm | Posted By: Vinay Sharma
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE No. 22(RE-2013)/ 2009-2014
NEW DELHI, DATED THE 12thAugust, 2013
Subject: Option to close cases of default in Export Obligation.
In exercise of powers conferred underParagraph 2.4theForeign Trade Policy, 2009-2014,the Director General of Foreign Trade hereby provides a procedure to close cases of default in Export Obligation u...
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Seeks to levy definitive antidumping duty on resin or other organic substances bonded fibre boards etc
Posted Date : 13-Aug-2013 , 12:20:30 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 18/2013-Customs (ADD)
New Delhi, dated the 8thAugust, 2013
G.S.R. 538 (E).– Whereas, in the matter of resin or other organic substances bonded wood or ligneous fibre boards of thickness below 6mm, except insulation boards, laminated fibre boards and boards which are not bonded either by resin or other organic s...
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CBDT authorised 13 entities to issue tax-free bonds of 48,000 crores; interest rate linked to G-sec rate
Posted Date : 13-Aug-2013 , 12:16:45 pm | Posted By: Vinay Sharma
SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2013-14 SUBJECT TO SPECIFIED CONDITIONS
NOTIFICATION NO. 61/2013[F.NO.178/37/2013-(ITA-I)]/SO 2424(E),DATED 8-8-2013
In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Governme...
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Security arrangement in Vyapar Bhawan in connection with Independence Day celebrations 2013.
Posted Date : 12-Aug-2013 , 07:25:02 pm | Posted By: CASANSAAR
In view of the Security arrangements by. Deihi Poliace in connection with Indepedence Day Celeberation .. 2013( the sealing and checking process of the Vyapar Bhawan building will be conducted by the. Pohce from 02.00 p.m. Onwards on 12.08.2013 and.14.08.2013. The de-sealinq will be done on next day till 12 noonon 13.08.2013
It is further clarified that no staff shall leave Ole office premises before 2.00 ..p.rn. on 12.08.2013 & 14.08.2013 and all staff will report for duty at 12 noon sha...
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Modified Industrial Infrastructure Upgradation Scheme
Posted Date : 10-Aug-2013 , 11:53:43 am | Posted By: Vinay Sharma
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Industrial Policy and Promotion)
NOTIFICATIONNo.10/1/2012-DBA-I(Part)
Modified Industrial Infrastructure Upgradation Scheme
1.Introduction
1 .1Industrial Infrastructure Upgradation Scheme (IIUS) was launched in 2003as a Central Sector Scheme toenhance competitiveness of industry br providing quality infrastructure through public private partnership in selectedfunctional clusters. Central assistance upto 75% of the project cost subject to a ce...
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SEBI puts a cap on quantum of buy back from open market; should be less than 15% of capital and free reserve
Posted Date : 10-Aug-2013 , 11:48:54 am | Posted By: Vinay Sharma
SEBI (BUY BACK OF SECURITIES)(AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATIONS 4, 14, 15, 16 & 19 AND INSERTION OF REGULATIONS 15A & 15B
NOTIFICATION NO. LAD-NRO/GN/2013-14/16/6348,DATED 8-8-2013
In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of section 77A of the Companies Act, 1956 (1 of 1956), the Board hereby makes the following Regulations to amend the Securiti...
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CBEC\'s 19 clarifications on amnesty scheme - Scheme to apply registration-wise
Posted Date : 10-Aug-2013 , 11:44:45 am | Posted By: Vinay Sharma
SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013 - CBEC CLARIFIES ON 19 ISSUES - MERE PENDENCY OF SUMMON WITHOUT SEEKING PRESENCE/DOCUMENTS NOT BARS AVAILMENT OF SCHEME - BENEFIT MAY BE CLAIMED REGISTRATION-WISE
CIRCULAR NO. 170/5/2013-ST [F.NO.81/19/2013-TRU(PT)],DATED 8-8-2013
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the BoardvideCircular No. 1...
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IRDA announces Regulations on licensing of banks as insurance brokers
Posted Date : 09-Aug-2013 , 03:58:59 pm | Posted By: Vinay Sharma
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (LICENSING OF BANKS AS INSURANCE BROKERS) REGULATIONS, 2013*
NOTIFICATION F.NO. IRDA/REG./21/79/2013,DATED 19-7-2013
In exercise of the powers conferred by section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and sections 42D and 42E of Insurance Act, 1938, the Authority in consultation with the Insurance Advisory Committee, hereby makes the fo...
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AIFs can deviate from registered category if no investment was made yet in this category, SEBI clarifies
Posted Date : 09-Aug-2013 , 03:56:31 pm | Posted By: Vinay Sharma
SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 - APPLICATION FOR CHANGE IN CATEGORY OF ALTERNATIVE INVESTMENT FUND
CIRCULAR NO. IMD/DF/12/2013,DATED 7-8-2013
1.SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations") were notified on May 21, 2012.
Regulation 7(2) of AIF Regulations specifies as under:
"An Alternative Investment Fund which has been granted registration under a particular category cannot change its category subsequent to registration, except with the...
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Comprehensive double tax avoidance agreement between India and Uruguay is effective from June 21, 2013
Posted Date : 09-Aug-2013 , 02:18:42 pm | Posted By: Vinay Sharma
SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT - AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - ORIENTAL REPUBLIC OF URUGUAY
NOTIFICATION NO. 53/2013 [F.NO.500/138/2002-FTD-II]/SO 2081(E),DATED 5-7-2013
Whereas, an Agreement between the Government of the Republic of India and the Government of the Oriental Republic of Uruguay for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on i...
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Exemption u/s 35(1) - Approved National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore
Posted Date : 09-Aug-2013 , 11:48:30 am | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION NO. 60/2013
DATED 7-8-2013
It is hereby notified for general information that "National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore, (PAN-AABTN6120B) has been approved by the Central Government for the purpose ofclause (ii) of sub-section (1) of section 35of theIncome-ta...
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Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012
Posted Date : 09-Aug-2013 , 11:48:04 am | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 33 (RE–2013)/2009-2014
New Delhi, Dated 7th August, 2013
Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
S.O. (E)- In exercise of powers conferred bySection 5of theForeign Tr...
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DGFT |
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Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate
Posted Date : 09-Aug-2013 , 11:47:34 am | Posted By: Vinay Sharma
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
Policy Circular No. 4/2009-2014 (RE 2012)
Dated: 8th August, 2013
To
All Regional Authorities (RAs);
All Commissioners of Customs;
Exporting Community
Subject: Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate.
RAs / Development Commissioners are following different practices while ...
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DGFT |
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Notification of New SION Number A-3644.
Posted Date : 08-Aug-2013 , 08:36:12 pm | Posted By: Vinay Sharma
(To be published in the Gazette of India Extraordinary)
(Part I-Section 1)
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 21 (RE: 2013)/2009-2014
New Delhi: dated 8th August , 2013
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol. I), the Directorate General of Foreign Trade hereby notifies a SION bearing n...
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The Service Tax Voluntary Compliance Encouragement Scheme - clarifications regarding.
Posted Date : 08-Aug-2013 , 08:35:32 pm | Posted By: Vinay Sharma
Circular No. 170/5 /2013 - ST
F. No. B1/19/2013-TRU (Pt)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
New Delhi, dated the 8th August, 2013
To,
Chief Commissioners of Central Excise and Customs (All),
Director General (Service Tax), Director General (Systems),
Director General (Central Excise Intelligence), Director General (Audit),
Commissioners of Service Tax (All), Commissioners of Central Excise (All), Com...
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Service Tax |
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Provisional release of export - goods detained for investigation -reg.
Posted Date : 08-Aug-2013 , 08:34:15 pm | Posted By: Vinay Sharma
Circular No. 30/2013 - Customs
F. No. 401/179/2009-Cus.III
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Custom
North Block, New Delhi,
Dated the 5th August, 2013.
To,
All Chief Commissioner of Customs/Customs (Prev),
All Chief Commissioner of Customs & Central Excise.
All Directors General of CBEC.
All Commissioners of Customs / Customs (Prev).
All Commissioners of Custms (Appeals).
All Commissioners of Customs & Central Exc...
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Custom |
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RRBs - Frontloading of branches in unbanked rural areas
Posted Date : 08-Aug-2013 , 08:31:14 pm | Posted By: Vinay Sharma
RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14
August 7, 2013
The Chairman All Regional Rural Banks
Dear Sir,
Frontloading of branches in unbanked rural areas
Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.
2. With the objective of increasing banking penetration and financial inclus...
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RBI |
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Revised instructions mandate DTA supplier to furnish certificate to developer regarding Cenvat credit availed
Posted Date : 08-Aug-2013 , 08:22:10 pm | Posted By: Vinay Sharma
AMENDMENT TO THE INSTRUCTION NO. 9 REGARDING PROCEDURE FOR REIMBURSEMENT OF DUTY (ROD) IN LIEU OF DRAWBACK FOR SUPPLY OF GOODS TO SEZ DEVELOPERS AGAINST INDIAN RUPEES
INSTRUCTION NO. 77, DATED 6-8-2013
I am directed to refer to this Department's Instruction No. 9, dated 18th February, 2009 of this Department on the subject mentioned above and to say that para 2(iii)(e) of the said instruction has been substituted by the following:
2. (iii)(e) "Disclaimer Certificate from DTA su...
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Excise |
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Clarification on DP-1.
Posted Date : 08-Aug-2013 , 12:37:31 pm | Posted By: Vinay Sharma
The dealers who have submitted Form DP-1 without purchase commodities inthe pre-revised Form DP-1 have the option to edit the Form DP-1 and submit the detailsof commodities purchased by them. Further, they can also edit the details of thecommodities for sale, otherwise the commodity list submitted earlier would be treatedas if these commodities are for sale. The last date for editing the said form is26.08.2013....
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Filing of online DVAT-48 returns for the First Quarter of 2013-14.
Posted Date : 08-Aug-2013 , 12:36:54 pm | Posted By: Vinay Sharma
In partial modification to this department's Circular NO.8 of 2013-14 on the subjectcited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005,the last date of filing of return, for the quarter ending 30106/2013, is extended to the datesas per schedule given below:...
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Filing of online returns for the First Quarter of 2013-14.
Posted Date : 08-Aug-2013 , 12:36:13 pm | Posted By: Vinay Sharma
In partial modification to this department's Circular NO.7 of 2013-14 on the subjectcited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005,the last date of filing of return, excluding Annexure 2C and Annexure 20, for the quarterending 30/06/2013 for dealers, including composition dealers, is extended to the followingdates:...
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VAT |
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Tax Deposit and Return Filing by newly registered dealers.
Posted Date : 08-Aug-2013 , 12:35:30 pm | Posted By: Vinay Sharma
It has come to the notice of the department that Tax Identification Number (TIN)issued to the newly registered dealers during the month of April, 2013 had some validationproblem. The department has resolved the issue and fresh TINs have been issued to suchdealers. Hence, they are required to immediately deposit their due tax. Further, incompliance of rule 28(3) of the Delhi Value Added Tax Rules, 2005, such dealers arerequired to file their return for the first quarter of 2013-14, wfthin seven d...
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Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012
Posted Date : 08-Aug-2013 , 12:31:01 pm | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 33 (RE–2013)/2009-2014
New Delhi, Dated 7th August, 2013
Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
S.O. (E)- In exercise of powers conferred bySection 5of theForeign Tr...
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DGFT |
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SEBI specifies category of associated persons who should obtain certification from NISM
Posted Date : 07-Aug-2013 , 10:43:28 pm | Posted By: Vinay Sharma
SEBI (CERTIFICATION OF ASSOCIATED PERSONS IN THE SECURITIES MARKETS) REGULATIONS, 2007 - SPECIFIED ASSOCIATED PERSONS OF MERCHANT BANKERS TO OBTAIN REQUISITE CERTIFICATION(S) UNDER SAID REGULATIONS
NOTIFICATION NO. LAD-NRO/GN/2013-14/15/6319,DATED 2-8-2013
In terms of sub-regulation (1) of regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (the Regulations), the Board may require, by notification, any cat...
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Officers up to rank of Asst. Director are given search and seizure powers for preventing money laundering
Posted Date : 07-Aug-2013 , 10:43:11 pm | Posted By: Vinay Sharma
SECTION 18 OF THE PREVENTION OF MONEY-LAUNDERING ACT, 2002 - SEARCH OF PERSONS - OFFICERS AUTHORIZED TO EXERCISE POWER TO SEARCH PERSONS AND TO SEIZE SUCH RECORD OR PROPERTY WHICH MAY BE USEFUL FOR OR RELEVANT TO PROCEEDINGS UNDER THE ACT
NOTIFICATION NO. 8 OF 2013 [F.NO.6/14/2008-ES]/SO 2309(E),DATED 26-7-2013
In exercise of the powers conferred by sub-section (1) of section 18 of the Prevention of Money-Laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Act), the Central Gover...
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Corporate Laws |
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