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Regarding Exemption under Agri. Infrastructure Incentive Scrip
Posted Date : 12-Jul-2012 , 10:37:35 am | Posted By: CA. SURESH Kr. AGARWAL

[ PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NotificationNo. 31 / 2012 - Central Excise New Delhi, dated the 9th July, 2012 Ashadha 18, 1934 SAKA G.S.R.543 (E).– In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special I...

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Category : Excise | Comments : 0 | Hits : 348

Regarding Exemption under Vishesh Krishi and Gram Udyog Yojana (VKGUY)
Posted Date : 12-Jul-2012 , 10:36:57 am | Posted By: CA. SURESH Kr. AGARWAL

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NotificationNo. 32 / 2012 - Central Excise New Delhi, dated the 9th July, 2012 Ashadha 18, 1934 SAKA G.S.R.544(E).– In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Im...

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Category : Excise | Comments : 0 | Hits : 330

Regarding exemption under Status Holder Incentive Scrip (SHIS) scheme
Posted Date : 12-Jul-2012 , 10:36:13 am | Posted By: CA. SURESH Kr. AGARWAL

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NotificationNo. 33 / 2012 - Central Excise New Delhi, dated the 9th July, 2012 Ashadha 18, 1934 SAKA G.S.R.545(E).– In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Speci...

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Category : Excise | Comments : 0 | Hits : 1221

Seeks to provide provisional assessment to imports of vitrified and porcelain tiles, originating in or exported from China PR by certain parties, pending the outcome of New Shipper Review
Posted Date : 12-Jul-2012 , 10:32:13 am | Posted By: CA. SURESH Kr. AGARWAL

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY,] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE *** New Delhi dated the 10th July, 2012 Notification No. 35/2012-Customs (ADD) G.S.R. (E). – Whereas, in the matter of import of Vitrified Porcelain Tiles, (hereinafter referred to as the ‘subject goods’), falling under Chapter 69 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereina...

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Category : Custom | Comments : 0 | Hits : 251

MCA:Company Law Board (Fees on Application and Petitions) (Amendment) Rules, 2012
Posted Date : 12-Jul-2012 , 09:13:58 am | Posted By: Akanksha Handa

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA Minist ry of Corporate Affairs Not ificat ion New Delhi, 10.07.2012 G.S.R. (E).- In exercise of the power conferred by sect ion 642 read with Sub-sect ion (2) of section 637A of the Companies Act , 1956 (1 of 1956),the Cent ral Government hereby makes the following rules further to amend the Company Law Board (Fees on Applicat ion and Pet it ions) Rules, 1991, namely...

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Category : Corporate Laws | Comments : 0 | Hits : 899

MCA:Notifying certain sections of Companies (Second Amendment) Act, 2012
Posted Date : 12-Jul-2012 , 09:11:58 am | Posted By: Akanksha Handa

[PUBLISHED IN THE GAZETTE OF INDIA, PART – II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, dated the 10.07.2012. S.O. (E).- In exercise of powers conferred by sub-sect ion (2) of sect ion 1 of the Companies (Second Amendment ) Act , 2002 (11 of 2003), the Cent ral Government hereby appoints the 12 th day of August of 2012 as the date on which the provisions of sect ions 7, 8 (in relat ion to sect ion 18 & 19 of the C...

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Category : Corporate Laws | Comments : 0 | Hits : 854

MCA:Delegation of Powers of Central Government to Regional Director
Posted Date : 12-Jul-2012 , 09:10:20 am | Posted By: Akanksha Handa

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (ii)] GOVERNMENT OF INDIA Minist ry of Corporate Affairs Not ificat ion New Delhi, the 10.07.2012 S.O. (E).- In exercise of the power conferred by sub-sect ion (1) of sect ion 637 of the Companies Act , 1956 (1 of 1956), and in supersession of the not ificat ion of the Government of India, in the then Department of Company Affairs, number G.S.R. 223(E), dated the 18th March, 2011, except ...

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Category : Corporate Laws | Comments : 0 | Hits : 526

MCA:Delegation of powers of Central Government to Regisrar of Companies
Posted Date : 12-Jul-2012 , 09:08:30 am | Posted By: Akanksha Handa

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (ii)] GOVERNMENT OF INDIA Minist ry of Corporate Affairs Not ificat ion New Delhi the 10.07.2012 S.O. (E).- In exercise of the power conferred by sub-sect ion (1) of sect ion 637 of the Companies Act 1956 (1of 1956), and in supersession of the not ificat ion of the Government of India, in the then Department of Company Affairs, number G.S.R. 222(E), dated the 17th March, 2011, except as r...

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Category : Corporate Laws | Comments : 0 | Hits : 386

Prudential Guidelines on Capital Adequacy – Treatment of Head Office Debit Balance – Foreign Banks
Posted Date : 10-Jul-2012 , 09:52:46 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/121 DBOD.No.BP.BC.28/21.06.001/2012-13 09 July 2012 The Chief Executive Officers Foreign Banks Operating in India Dear Sir, Prudential Guidelines on Capital Adequacy – Treatment of Head Office Debit Balance – Foreign Banks A reference is invited to the paragraph 4.2.3 - Notes (iv) of the Master Circular on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) dated July 2, 2012, wherein it is mentioned that ‘the net credit balance...

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Category : RBI | Comments : 0 | Hits : 319

MCA:Companies (Central Government\'s) General Rules and Forms (Amendment) Rules, 2012
Posted Date : 10-Jul-2012 , 08:59:24 am | Posted By: Akanksha Handa

Companies (Central Government's) General Rules and Forms (Amendment) Rules, 2012. Click to see circular...

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Category : Corporate Laws | Comments : 0 | Hits : 521

MCA:Companies (Director Identification Number) Amendment Rules, 2012
Posted Date : 10-Jul-2012 , 08:55:57 am | Posted By: Akanksha Handa

Companies (Director Identification Number) Amendment Rules, 2012. kindly Click to see the circular...

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Category : Corporate Laws | Comments : 0 | Hits : 368

MCA:Filing of Balance Sheet and Profit and Loss Account in Extensible Business Reporting Language (XBRL) Mode for financial year commencing on or after 1.4.2011.
Posted Date : 07-Jul-2012 , 09:01:13 am | Posted By: Akanksha Handa

General Circular No. 16/2012 No. 17/161/2012-CL-V Government of India Ministry of Corporate Affairs ****** 5th Floor, Shastri Bhawan, New Delhi 110001. Dated: July 6, 2012 To All Regional Directors All Regist rars of Companies Subj ect :- Filing of Balance Sheet and Profit and Loss Account in Extensible Business Reporting Language (XBRL) Mode for financial year commencing on or after 1.4.2011. Sir, Vide Companies (Filing of documents and forms in Extensible Business Report ing L...

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Category : Corporate Laws | Comments : 0 | Hits : 408

Rate of exchange of conversion of each of the foreign currency with effect from 6th July, 2012
Posted Date : 05-Jul-2012 , 05:55:23 pm | Posted By: CA. SURESH Kr. AGARWAL

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.56/2012 - Customs (N.T.) Dated the 5th July, 2012 14 Asadha, 1934(SAKA) S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance...

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Category : Custom | Comments : 0 | Hits : 313

Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR Committee\'s Sanctions List
Posted Date : 05-Jul-2012 , 05:54:26 pm | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/111 DBOD. AML.No.180/14.06.001/2012-13 July 04, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 19320/14.06.001/2011-12 dated June 26, 2012. We have since received from Government of India, Ministry of External Af...

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Category : RBI | Comments : 0 | Hits : 328

Merchant Discount Rates (MDR) structure for debit card transactions
Posted Date : 05-Jul-2012 , 05:53:37 pm | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/110 DPSS.CO.PD.No. 27/02.14.003 /2012-13 July 04, 2012 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised Card Payment Networks Madam / Dear Sir, Merchant Discount Rates (MDR) structure for debit card transactions Please refer to our circular DPSS.CO.PD.No. 2361 / 02.14.003 / 2011-12 dated June 28, 2012 on the subje...

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Category : RBI | Comments : 0 | Hits : 339

ICSI:Practising Company Secretaries are recognised for
Posted Date : 05-Jul-2012 , 10:53:59 am | Posted By: Akanksha Handa

4th July 2012 Dear Professional Colleagues, Sub: Practising Company Secretaries are recognised for appearance before the Delhi Value Added Tax (DVAT) Authorities We are pleased to inform you that the Government of Delhi has notified Delhi Value Added Tax (Second Amendment) Act, 2012 vide Notification No. F.14(6)/LA-2012/cons2law/61 dated 15th June 2012 amending Section 82(1)(b)to include the Practising Company Secretaries to appear before the Delhi VAT authorities. By this amendment, ...

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Category : VAT | Comments : 0 | Hits : 327

INCOME-TAX (SEVENTH AMENDMENT) RULES, 2012 - AMENDMENT IN RULE 12 AND SUBSTITUTION OF FORMS ITR-5 AND ITR-6
Posted Date : 04-Jul-2012 , 11:21:13 pm | Posted By: CASANSAAR

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1.(1) These rules may be called the Income-tax(7th Amendment)Rules, 2012. (2) They shall come into force from the date of its publication in the Official Gazette. 2.In the Income-tax Rules, 1962,- (A) in rule 12,– (i) in sub-rule (1),- (a) in the proviso to clause (a)...

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Category : Income Tax | Comments : 0 | Hits : 864

Master Circular - Guidelines for Issue of Certificates of Deposit
Posted Date : 03-Jul-2012 , 09:43:02 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/100 IDMD.PCD. 05/14.01.03/2012-13 July 2, 2012 The Chairmen / Chief Executives of All Scheduled Banks (excluding RRBs and LABs), Primary Dealers (PDs) and All-India Term Lending and Refinancing Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Certificates of Deposit With a view to further widening the range of money market instruments and giving investors greater flexibility in deployment of their short-term surplus funds, Certificates of Deposit (C...

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Category : RBI | Comments : 0 | Hits : 458

Master Circular - Lending To Priority Sector
Posted Date : 03-Jul-2012 , 09:34:06 am | Posted By: CA. SURESH Kr. AGARWAL

BI/2012-13/108 RPCD. CO. Plan. BC 12/04.09.01/2012-13 July 2, 2012 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, MASTER CIRCULAR - LENDING TO PRIORITY SECTOR The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on lending to Priority Sector. In order to enable the banks to have current instructions at one place, a Master Circular incorpo...

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Category : RBI | Comments : 0 | Hits : 321

Master Circular - Guidelines for Issue of Commercial Paper
Posted Date : 03-Jul-2012 , 09:32:25 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/99 IDMD.PCD. 04/14.01.02/2012-13 July 2, 2012 The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers and All-India Financial Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Commercial Paper Commercial Paper (CP), an unsecured money market instrument issued in the form of a promissory note, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings and pr...

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Category : RBI | Comments : 0 | Hits : 379

Master Circular on Export Credit Refinance Facility
Posted Date : 03-Jul-2012 , 09:31:12 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/97 MPD. No.356/07.01.279/2012-13 July 2, 2012 Aashadha 11, 1934 (S) The Chairmen/Chief Executives of all Scheduled Banks (excluding RRBs) Dear Sir/Madam Master Circular on Export Credit Refinance Facility Please refer to Master Circular No.MPD No.345 /07.01.279/2011-12 dated July 1, 2011 on the above mentioned subject. This revised Master Circular on Export Credit Refinance Facility consolidates and updates all instructions/guidelines issued on the subject up to June 30...

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Category : RBI | Comments : 0 | Hits : 420

Master Circular – Collection of Direct Taxes- OLTAS
Posted Date : 03-Jul-2012 , 09:30:33 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/101 DGBA.GAD.No.H - 3 /42.01.034/2012-13 July 2, 2012 To All Agency Banks Dear Sir / Madam Master Circular – Collection of Direct Taxes- OLTAS Please refer to our master circular RBI/2011-12/99 dated July 01, 2011 on the above subject which was issued with a view to facilitate quick reference to all the extant instructions issued on the subject at one place. We have now updated the master circular incorporating important instructions issued by us till end of June,...

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Category : RBI | Comments : 0 | Hits : 709

Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector
Posted Date : 03-Jul-2012 , 09:29:41 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/93 RPCD.MSME & NFS. BC. No. 11/06.02.31/2012-13 July 2, 2012 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in the matters relating to lending to Micro, Small & Medium Ente...

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Category : RBI | Comments : 0 | Hits : 366

Master Circular – Operational Guidelines to Primary Dealers
Posted Date : 03-Jul-2012 , 09:28:47 am | Posted By: CA. SURESH Kr. AGARWAL

RBI/2012-13/106 IDMD.PDRD.01/03.64.00/2012-13 July 2, 2012 All Primary Dealers Dear Sir / Madam Master Circular – Operational Guidelines to Primary Dealers The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) in regard to their operations in the Government Securities Market and other activities. To enable the PDs to have all the current instructions at one place, a Master Circular incorporating the guidelin...

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Category : RBI | Comments : 0 | Hits : 377

SECTION 66B OF THE FINANCE ACT, 1994 - CHARGE OF SERVICE TAX ON AND AFTER FINANCE ACT, 2012 - EXEMPTION TO RAILWAYS
Posted Date : 02-Jul-2012 , 07:30:10 pm | Posted By: CASANSAAR

[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) New Delhi, the 2ndJuly, 2012 Notification No. 43/2012-Service Tax G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, her...

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Category : Service Tax | Comments : 0 | Hits : 8853

MANDATORY e-FILING OF INCOME TAX RETURN
Posted Date : 02-Jul-2012 , 05:12:49 pm | Posted By: CASANSAAR

CBDT has issuednotification S.O. 626(E), dated 28th March 2012videwhich e-Filing has been made compulsory for Assessment Year 2012-13 onwards for : • an individual or a Hindu undivided family, if his or its total income, or the total income in respect of which he is or it is assessable under the Act during the previous year, exceeds ten lakh rupees; and • an individual or a Hindu Undivided Family (HUF), being a resident, having assets (including financial interest in any entity) ...

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Category : Income Tax | Comments : 0 | Hits : 995

Secondary market transactions in Government Securities - Short Selling
Posted Date : 30-Jun-2012 , 11:00:36 pm | Posted By: Krishna Chandra Santi

Secondary market transactions in Government Securities - Short SellingThis has reference to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28,2011 on the captioned subject.2. As per extant guidelines, banks are permitted to undertake 'notional' short salewhereby they can sell a security short from HFT portfolio even if the security is heldunder their AFS/HTM portfolio (circular RBI/2006-07/243 dated January 31, 2007). Inview of the various scenarios under which a participant may end up w...

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Category : RBI | Comments : 0 | Hits : 289

Regarding the extension of Bank Guarantee as an option in respect of duty exemption for Mega/ Ultra mega power projects
Posted Date : 30-Jun-2012 , 10:42:35 am | Posted By: CA. SURESH Kr. AGARWAL

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) New Delhi, the 27th June, 2012 Notification No. 43/2012-Customs G.S.R. 508(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments i...

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Category : Custom | Comments : 0 | Hits : 329

Amends Notification No.36/2001-Customs(N.T) dated 3rd August 2001
Posted Date : 30-Jun-2012 , 10:41:51 am | Posted By: CA. SURESH Kr. AGARWAL

[TO BE PUBLISHED THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]Government of IndiaMinistry of Finance(Department of Revenue)(Central Board of Excise and Customs)NotificationNo. 55/2012-CUSTOMS (N. T.)New Delhi, 29th of June, 20128 Ashadha, 1934 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and e...

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Category : Custom | Comments : 0 | Hits : 321

MCA:Corrigendum to LLP notification dated 05.06.2012
Posted Date : 30-Jun-2012 , 09:09:55 am | Posted By: Akanksha Handa

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART 11, SECTION 3, SUB SECTION (i)] MINISTRY OF CORPORATE AFFAIRS CORRIGENDUM New Delhi, the21/6/2012 G.S.R (E) ......I n the notification of the Government of India, Ministry of Corporate Affairs published in the Gazette of India vide G.S.R.(E)430. .. Dated 5th June, 2012 relating to Limited Liability Partnership (Amendment) Rules, 2012, in page number 2, in point number 5. for "In the ...

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Category : Corporate Laws | Comments : 0 | Hits : 350

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