Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012 All LLPs registered upto 30-September-2011 have to mandatorily close the financial year as on 31-03-2012 and file Form-11 by 30-May-2012 and Form-8 by 30- October-2012.LLPs registered from 01-10-2011 to 31-03-2012 have option either to close financial year as on 31-03-2012 or 31-03-2013 and to file Form-8 & 11 accordingly.Please note that if LLP fails to file Form-8 & 11 within time, an additional fees of Rs. 100/...

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Category : Corporate Laws | Comments : 0 | Hits : 1419

1. The Ministry is in process of integration of LLP system into MCA-21 in the month of June 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for better e-governance facility for stakeholders, by making necessary changes in e-forms. On post integration, old e-forms of the existing LLP system lying in "Pending User Clarification" (PUCL) status cannot be re-opened.2. LLPs and designated partners are also advised to reopen/ resubmit the LLP form, if any lying ...

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Category : Corporate Laws | Comments : 0 | Hits : 896

The Ministry is in process of integrating LLP system into MCA21 in the month of June 2012. After the integration, LLPs will be filing forms at MCA21 website (www.mca.gov.in/MCA21).As a first step towards integration and migration to new system, Form-1 and Form-24 will not be available for filing w.e.f. 21-05-2012 on LLP portal i.e. www.llp.gov.in. Other LLP forms will not be available for filing for a period of approximately 10 days w.e.f. 31-05-2012 during transition to new e-governance set up....

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Category : Corporate Laws | Comments : 0 | Hits : 1023

The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds, Goldand Silver as shown in the tables below: “TABLE-1 S. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value US $ (Per MetricTonne) (1) (2) (3) (4) 1 ...

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Category : Custom | Comments : 0 | Hits : 1019

RBI/2011-12/562A.P. (DIR Series) Circular No. 127 May 15, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign investment in NBFC Sector under the Foreign DirectInvestment (FDI) Scheme - Clarification Attention of Authorised Dealers Category – I (AD Category - I) banks is invited toA.P. (Dir Series) Circular No.121 dated May 8, 2012. 2. The Reserve Bank of India has been receiving requests for clarifications as to whether ‘operating leases’ would...

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Category : FEMA | Comments : 0 | Hits : 1204

Filing of Cost Audit Report (Form-I) and Compliance Report (Form-A) in the eXensible Business Reporting Language (XBRL) mode. Plz click here to Download Circular...

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Category : Corporate Laws | Comments : 0 | Hits : 1397

Circular No. 158/9/ 2012 – ST F.No354/69/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated :8thMay 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director General of Service Tax Director General of Central Excise Intelligence Director General of Audit Commissioner of Customs and ...

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Category : Service Tax | Comments : 0 | Hits : 1212

Circular No. 13/2012-Customs F. No. 528/21039/08-Cus/ICDGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs*** New Delhi, dated the 8thMay, 2012 To All Chief Commissioners of Customs/ Customs (P), All Chief Commissioners of Customs & Central Excise, All Director Generals/Chief Departmental Representatives (CESTAT), All Commissioners of Customs / Customs (P), and All Commissioners of Customs & Central Excise. Sir/Madam, Subjec...

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Category : Custom | Comments : 0 | Hits : 973

Stopping of Form 23AC and Form 23AC- XBRL for financial year starting on or after 01.04.2011Please note that existing Form 23AC, Form 23ACA, Form 23AC-XBRL and Form 23ACA-XBRL can not be filed by those companies whose financial year is starting on or after 1.4.2011 as Revised Schedule VI is applicable for such period. New e-forms are undergoing revision to align with the Revised Schedule VI and new forms would be updated shortly....

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Category : Corporate Laws | Comments : 0 | Hits : 1114

RBI/2011-12/539A. P. (DIR Series) Circular No.119 May 7, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy - Utilization of ECB proceedsfor Rupee expenditure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005andA.P. (DIR Series) Circular No. 52 dated November 23, 2011relating to External Commercial Borrowings. 2. As per the extant guidelines, ECB pr...

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Category : FEMA | Comments : 0 | Hits : 1063

RBI/2011-12/537A. P. (DIR Series) Circular No.118 May 07, 2012 To All Authorised Dealers in Foreign Exchange Madam/ Sir, Release of Foreign Exchange for Miscellaneous Remittances Attention of Authorised Dealers in foreign exchange is drawn toA.P.(DIR Series) Circular No. 16 dated September 12, 2002, in terms of which the Authorised Dealers were advised to release amounts up to USD 500 or its equivalent for all permissible transactions on the basis of a simple letter from the applican...

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RBI/2011-12/536A. P. (DIR Series) Circular No.117 May 07, 2012 To All Authorised Dealer banks and Authorised banks Madam/Sir, Transfer of Funds from Non-Resident Ordinary (NRO) account to Non-Resident External (NRE) Account The Committee to Review the Facilities for Individuals Under FEMA, 1999 (Chairperson : Smt. K.J.Udeshi) has recommended that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO account within the overa...

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Circular No. 157/8 /2012-ST F.No.354/234/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) 153, North Block, New Delhi, 27thApril, 2012 To Chief Commissioner of Customs and Central Excise / Central Excise & Service Tax (All) Director General of Service Tax /Central Excise Intelligence /Audit; Commissioner of Customs and Central Excise/ Central Excise and Service Tax/ Service Tax (All) Madam/Sir, ...

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Category : Service Tax | Comments : 0 | Hits : 1133

Name Availability Guidelines, 2011General Circular No. 7/2012dated25.04.2012. Click Here to see the detail Circular...

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Category : Corporate Laws | Comments : 0 | Hits : 1266

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 thenotificationof the Government of India in the Ministry of Finance(Department of Revenue) No.26/2012-CUSTOMS (N.T.), dated the 28thMarch, 2012videnumber S.O. 625 (E), dated the 28thMarch, 2012, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that therate of exchangeof conver...

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Category : Custom | Comments : 0 | Hits : 1257

MCA issued w.e.f. 21.4.2012, new version of Form 23C and Form 23D which can be downloaded from MCA website. Click here to download Form 23C Instructions for filling up FORM 23C Click here to download Form 23D Instructions for filling up FORM 23D ...

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Circular No. 965/08/2012-CX F.No. 101/ 15/2010-CX-3 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi the 17thApril, 2012 To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors General Sir/Madam, Sub: Clarification regarding admissibility of exemption under area-based Notification No. 56/2002-CE dated 14.11.2002 – reg. Your kind attention is...

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Category : Excise | Comments : 0 | Hits : 1144

Alterations in the Schedule XIV of the Companies Act, 1956. Click Here for Detail Notification....

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Category : Corporate Laws | Comments : 0 | Hits : 1188

CIRCULAR CIR/CFD/DIL/4/2012 April 16, 2012 To All Stock Exchanges Dear Sir/Madam, Sub: Amendments to the Equity Listing Agreement – Formats for Disclosure of FinancialResults 1. Ministry of Corporate Affairs vide Notification dated February 28, 2011 has revised theformat for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956. 2. Pursuant to the same, it has been decided to carry out consequential amendments toClause 41 of the L...

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Category : SEBI | Comments : 1 | Hits : 2965

RBI/2011-12/508A. P. (DIR Series) Circular No. 108 April 17, 2012 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to ourA.P. (DIR Series) Circular No. 78 dated February 15, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. ...

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Category : FEMA | Comments : 0 | Hits : 1029

RBI/2011-12/507A. P. (DIR Series) Circular No. 107 April 17, 2012 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to ourA.P. (DIR Series) Circular No. 77 dated February 15, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action Task Force (FATF) has issued a further Statement on February 16, 2012 on the subject (...

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Category : FEMA | Comments : 0 | Hits : 1063

(TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (1) ] Government of India Ministry of Finance Department of Revenue Notification No.22 /2012--Central Excise (N.T.) New Delhi, dated,30th March, 2012 G.S.R( E) . – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 2002, namely :- 1.Short titl...

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Category : Excise | Comments : 0 | Hits : 1246

Circular No. 156/7 /2012-ST F.No.354/66/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) 153, North Block, New Delhi, 9thApril, 2012 To Chief Commissioner of Customs/ Customs and Central Excise/ Central Excise & Service Tax (All), Director General of Service Tax /Central Excise Intelligence /Audit, Commissioner of Customs, Commissioner of Customs/Customs and Central Excise/ Central Excise and Service ...

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Category : Service Tax | Comments : 0 | Hits : 1100

Government of India,Ministry of Finance,Department of Revenue,Central Board of Direct Taxes,1. Section 203 of the income-tax Act, 1961 (“the Act”) read with the Rule 31 of the Income-tax Rules, 1962 (“the Rules”) provides for furnishing of certificate of tax deduction at source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of TDS, permanent account number (PAN), tax deduction and collection account number (TAN), etc. The r...

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Category : Income Tax | Comments : 0 | Hits : 2306

Circular No.155/6/ 2012 – ST F. No 334/1/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated: 9thApril 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director General of Service Tax Director General of Central Excise Intelligence Director General of Audit Commissioner of Customs ...

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Category : Service Tax | Comments : 0 | Hits : 1454

Circular No.964/07/2012-CX F. No. 84/1/2011-CX-1 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, dated2ndApril, 2012 To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors Generals Sir/Madam, Subject : Clarification regarding classification of structural components of Boiler and admissibility of CENVAT credit on these structural components –...

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Category : Excise | Comments : 0 | Hits : 1106

RBI/2011-12/102A. P. (DIR Series) Circular No.102 April 02, 2012 To All Authorised Persons in Foreign Exchange Madam/ Sir, Use of International Debit Cards/Store Value Cards/Charge Cards/SmartCards by Resident Indians while on a visit outside India Attention of all Authorised Persons, who are authorised to issue foreign currency pre-paid cards to resident Indians visiting outside India, is invited to Para B(5) of theA. P. (DIR Series) Circular No. 46 dated June 14, 2005, in terms of whic...

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Category : FEMA | Comments : 0 | Hits : 1108

RBI/2011-12/481A. P. (DIR Series) Circular No.101 April 02, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments – Liberalisation / Rationalisation Attention of the Authorised Dealer (AD - Category I) banks are invited to theNotification No. FEMA 10/2000-RB dated May 3, 2000[Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000] (the Notification), as amended from time to time. 2. As per the extan...

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Category : FEMA | Comments : 0 | Hits : 1147

INCOME-TAX (THIRD AMENDMENT) RULES, 2012 - AMENDMENT IN RULE 12 AND SUBSTITUTION OF FORMS SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4S), ITR-4 AND ITR-V 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 (3rd Amendment) Rules, 2012. (2) They shall come into force on the 1st day of Apr...

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Category : Income Tax | Comments : 0 | Hits : 1160

RBI/2011-12/474A. P. (DIR Series) Circular No.97 March 28, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Investments by Resident Individuals – Liberalisation / Rationalisation Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA 120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. 2. R...

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Category : FEMA | Comments : 0 | Hits : 1180