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 Domini, Categories of New Testament manuscripts, Central bank, Convertible bond, Foreign Exchange Management Act, India, Regulation, Rupee
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: Current account, Foreign Exchange Management Act, Foreign Exchange Regulation Act, India, Indonesian Rupiah, Run batted in, Rupee, Thai 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 2013, Balance of trade, Export, India, Percentage, Petroleum, Rupee, September 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 Government, Company, Debenture, FeedBurner, Law, property, Rupee, Share capital
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: Business, Central Government, Company, FeedBurner, India, Information, Official Gazette, Rupee
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 directors, Extraordinary resolution, FeedBurner, Legal personality, Privately held company, Reserve Bank of India, Rupee, Security (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 Meeting, Board of directors, Central Government, Chairman, Companies Act, Company, Debenture, Extraordinary general meeting, FeedBurner, India, Proxy voting, Requisition, Rupee, Securities and Exchange Board, Security (finance), Share capital, Voting, Writing
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 Meeting, Central Government, Chairman, Chapter VII of the United Nations Charter, Companies Act, Company, Extraordinary general meeting, FeedBurner, Notification Of Companies Act 2013, Proxy voting, Requisition, Rupee, Share capital, Site of Special Scientific Interest, Town and Country Planning Act 1990, Voting, Writing
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 Meeting, Central Government, Chairman, Chapter VII of the United Nations Charter, Companies Act, Company, Extraordinary general meeting, FeedBurner, Notification Of Companies Act 2013, Proxy voting, Requisition, Rupee, Share capital, Site of Special Scientific Interest, Town and Country Planning Act 1990, Voting, Writing
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 Meeting, Central Government, Chapter VII of the United Nations Charter, Companies Act, Company, Extraordinary general meeting, Notification Of Companies Act 2013, Proxy voting, Requisition, Rupee, Share capital, Site of Special Scientific Interest, Writing
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 Meeting, Chapter VII of the United Nations Charter, Companies Act, Company, Extraordinary general meeting, Requisition, Rupee, Share capital
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-August, Balance of trade, Business, Export, India, Percentage, Petroleum, Rupee
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 tax, Fiscal year, Income tax, Income Tax Department, Jaipur, Rupee, Tax