Rupee

Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds

RBI/2013-14/416 A.P. (DIR Series) Circular No.81 December 24, 2013 To All Authorised Dealer Category - I Banks Madam / Dear Sir Borrowing and Lending in Rupees - Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds Attention of Authorized Dealer Category - I (AD Category - I) banks is invited… Read More

Tags: Anno DominiCategories of New Testament manuscriptsCentral bankConvertible bondForeign Exchange Management ActIndiaRegulationRupee

Administering FEMA – Evolving Challenges

(Inaugural address by Shri G Padmanabhan, Executive Director at the Authorised Dealers' Conference at Agra on November 30, 2013) DG Shri H R Khan, Chairman, Foreign Exchange Dealers Association of India, Officials from the Authorised Dealer Banks, and my colleagues from RBI from all over the country, 1. A very good morning and welcome to… Read More

Tags: Foreign Exchange Management ActForeign Exchange Regulation ActIndiaIndonesian RupiahRun batted inRupeeThai Baht

India™s Foreign Trade: September, 2013

EXPORTS (including re-exports) Exports during September, 2013 were valued at US $ 27679.33 million (Rs. 176461.53 crore) which was 11.15 per cent higher in Dollar terms (29.77 per cent higher in Rupee terms) than the level of US $ 24902.00 million (Rs. 135978.63 crore) during September, 2012. Cumulative value of exports for the period April-September 2013 -14… Read More

Tags: April-September 2013Balance of tradeExportIndiaPercentagePetroleumRupeeSeptember 2012

Commencement Notification CA2013 :: Miscellaneous :: Section 452 :: Punishment for wrongful withholding of property

Chapter XXIX Miscellaneous (447 - 470) Section 452- Punishment for wrongful withholding of property (1) If any officer or employee of a company” (a) wrongfully obtains possession of any property, including cash of the company; or (b) having any such property including cash in his possession, wrongfully withholds it or knowingly applies it for the… Read More

Tags: Central GovernmentCompanyDebentureFeedBurnerLawpropertyRupee

Commencement Notification CA2013 :: Section 405 :: Power of Central Government to direct companies to furnish information or statistics

Chapter XXV-Companies to Furnish Information or Statistics (405) Section 405- Power of Central Government to direct companies to furnish information or statistics (1) The Central Government may, by order, require companies generally, or any class of companies, or any company, to furnish such information or statistics with regard to their or its constitution or working,… Read More

Tags: BusinessCentral GovernmentCompanyFeedBurnerIndiaInformationOfficial GazetteRupee

Commencement Notification CA2013 :: Notified Sections 185 :: Loan to directors, etc

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 185- Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom  director is… Read More

Tags: Board of directorsExtraordinary resolutionFeedBurnerLegal personalityPrivately held companyReserve Bank of IndiaRupeeSecurity (finance)

Commencement Notification CA2013 :: Notified Sections 112 – 116, 91

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)  Section 91- Power to close register of members or debenture holders or other security holders (1) A company may close the register of members or the register of debenture holders or the register of other security holders for any… Read More

Tags: Annual General MeetingBoard of directorsCentral GovernmentChairmanCompanies ActCompanyDebentureExtraordinary general meetingFeedBurnerIndiaProxy votingRequisitionRupeeSecurities and Exchange BoardSecurity (finance)VotingWriting

Commencement Notification CA2013 :: Notified Section 111 :: Circulation of members’ resolution

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)   Section 111- Circulation of members' resolution (1) A company shall, on requisition in writing of such number of members, as required in section 100,” (a) give notice to members of any resolution which may properly be moved and is intended… Read More

Tags: Annual General MeetingCentral GovernmentChairmanChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingFeedBurnerNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestTown and Country Planning Act 1990VotingWriting

Commencement Notification CA2013 :: Notified Sections 106 – 107

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)  Section 106- Restriction on voting rights (1) Notwithstanding anything contained in this Act, the articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other… Read More

Tags: Annual General MeetingCentral GovernmentChairmanChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingFeedBurnerNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestTown and Country Planning Act 1990VotingWriting

Commencement Notification CA2013 :: Notified Sections 105 :: Proxies

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)  Section 105- Proxies (1) Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as a proxy to attend and vote at the meeting on his… Read More

Tags: Annual General MeetingCentral GovernmentChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestWriting

Commencement Notification CA2013 :: Notified Sections 86 to 104

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VI -Registration of Charges (77 - 87)  Section 86- Punishment for contravention If any company contravenes any provision of this Chapter, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to ten lakh… Read More

Tags: Annual General MeetingChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingRequisitionRupee

India™s Foreign Trade report for August, 2013

EXPORTS (including re-exports) Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14… Read More

Tags: April-AugustBalance of tradeBusinessExportIndiaPercentagePetroleumRupee

Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore

A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted the said additional income but also furnished the post dated cheques of… Read More

Tags: Direct taxFiscal yearIncome taxIncome Tax DepartmentJaipurRupeeTax

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