Legal Updates

CS Practitioners meet on 30th May on Trade Marks

NIRC of ICSI cordially invitees all its members to attend, Meeting of Company Secretaries  in Practice, the topic for the meeting is "Trade Marks". The meeting will be on the 30th May, 2011, Monday at 6PM at ICSI-NIRC Building Auditorium, 4, Prasad Nagar Institutional Area, New Delhi. For further details please contact Executive Officer, NIRC of ICSI Phones… Read More

Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September) for export to EU under CXL Quota

To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 49 (RE-2011)/2009-2014 New Delhi, Dated the  25th May, 2011   Sub:  Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September)… Read More

Amendment to Principal Notification No. 51/2008-Customs, dt 21st Apr, 2008

[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. 42 /2011-Customs New Delhi dated the 25th May, 2011 G.S.R.    (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More

Service Tax Regarding Processing for or on behalf of client, in relation to agriculture

Circular No. 143/12/ 2011 ST F.No.332/37/2010-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit North Block, New Delhi 26th May, 2011 To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of… Read More

New Form No. 23D – Information by Cost Auditor to Central Government

Companies(Central Government's) General Rules and Forms (Second Amendment) , 2011 - New Form No. 23D inserted effective from 29-05-2011 Following earlier notifications by the MCA for appointment of cost auditors, the said form seeks to amend the existing form 23D for information of appointment of Cost Auditor in Companies             Read More

Revision of Form No. 8 and 17 Companies Act effective from 29-05-2011

Companies(Central Government's) General Rules and Forms (Amendment), 2011 - revision of Form No. 8 and 17, effective from 29-05-2011 New forms 8 and 17  notified w.e.f. 29th May, 2011             Read More

Govt. to connect five lakh villages with broadband in two years

The Government is expected to connect five lakh villages with the internet broadband services under the National Optical Fibre Network (NOFN) in next two years. "We have setup a high powered committee, Sam Pitroda is heading the committee, co-chaired by Nandan Nilekani. I am told by Sam Pitroda that he will try and implement the… Read More

FDI in Defence Production : No consensus on the issue

A year after the Industry Ministry put out a discussion paper on increasing foreign direct investment in defence production to 74 per cent,it has not been able make a concrete proposal for the Cabinet. "Defence is a strategic subject. There have been brainstorming sessions. There has been no formal proposal which has been moved," Commerce… Read More

Guidelines on Infra Debt Funds soon

The government today said the capital market route is one of the options for allowing foreign investors in the proposed infra debt fund. The fund is aimed at meeting financing needs of the core sector, pegged at USD 1 trillion during 12th Plan (2012-17). The guidelines on infra debt fund is expected in the coming… Read More

RBI to launch policy on new bank branches

The Reserve Bank will soon release guidelines for implementing its proposal to locate at least a quarter of the new bank branches in the unbanked areas, which generally fall in the rural areas. "RBI will issue guidelines for 25 per cent rural branches soon," said a banker present at the central bank's post-policy meeting today.… Read More

India signs DTAA with Ethiopia to check tax Evasion

India has signed a Double Taxation Avoidance Agreement (DTAA) with Ethiopia to check tax evasion and facilitate exchange of banking information. The agreement was signed by External Affairs minister S M Krishna and Ethiopia's minister of Finance and Economic Development Sufian Ahmed, in the presence of Prime Minister Manmohan Singh and his Ethiopian counterpart Meles… Read More

National Consultation on Electoral Reforms on 2nd &3rd July 2011

7th Regional Consultation in Guwahati on 12 June 2011 The National Consultation on Electoral Reforms is scheduled to be held on 2 & 3 July, 2011 and shall be attended amongst others by the Prime Minister of India. The Ministry of Law and Justice, Government of India, had constituted a core committee to look into… Read More

No filing of IT return- if you are earning 5 lac annually

 Finance Minister Pranab Mukherjee brought a sigh of relief for many whoes earnings are 5 lac per annum as they no longer have to file the Income Tax return. The only requirement that has been set for the people coming under this slab is that in case such a salary earner has income from… Read More

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