The Union Cabinet today approved the National Policy on Universal Electronic Accessibility that recognizes the need to eliminate discrimination on the basis of disabilities as well as to facilitate equal access to electronics and Information and Communication Technologies (ICTs). This policy has been prepared after incorporating comments and suggestions from various stakeholders. The policy will… Read More
The Institute of Company Secretaries of India also launched the Corporate Compliance Executive Certificate on this Day, to create a cadre of Skills oriented compliance professionals to provide support services in the secretarial department of the companies. A Person who is registered student of ICSI and passed one group of the Intermediate /Executive program of… Read More
On the occasion of ICSI Foundation Day (04.10.2013) , CS S. N. Ananthasubramanian, President, Council of the ICSI launches: "ICSI Primer on Companies Act 2013" on "YOUTUBE" Channel (http://www.youtube.com/user/icsicompaniesact2013) CS S.N Ananthasubramanian, President, Council of the ICSI, while launching the ICSI Primer on Companies Act 2013, said that , The Institute is undertaking a large number… Read More
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, OCTOBER 3, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd October, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA Notification under section 16 and 28 of Securities Contracts (Regulation) Act, 1956 No. LAD-NRO/GN/2013-14/26/6667.- In exercise of the powers conferred… Read More
SEBI has issued a notification today, inter alia, permitting contracts for pre-emption including right of first refusal, tag-along or drag-along rights contained in the shareholders agreements or articles of association of companies. SEBI has also permitted contracts containing an option for purchase or sale of securities subject to the following: (a) the title and ownership… Read More
CLR Editorial Note: This case law refers to a Petition(s) for Special Leave to Appeal which is in respect of retrospectivity of Section 234D of the Income Tax Act, 1961. For the Assessment Year 1998-99, the Assessing Officer passed an assessment order prior to 01st June 2003, in which interest under section 234D was not levied. The assessee… Read More
CLR Editorial Note: In this case or TDS credit, the assessee claimed credit for TDS which was denied by the Assessing Officer on the ground that the claim did not match the entries shown in Form No. 26AS and that there was a discrepancy. On appeal by the assessee, the CIT(A) held that the assessee… Read More
CLR Editorial Note: A letter dated 30th April 2012 was addressed to the High Court, by Anand Parkash, FCA, in which numerous problems were highlighted which mentioned about the hassles being faced by assesses across the Country owing to the faulty processing of the Income Tax Returns and non-grant of TDS credit & refunds. It was claimed… Read More
RBI/2013-14/308 UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 October 1, 2013 Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir/ Madam, Review of norms for classification of Financially Sound and Well Managed (FSWM) Urban Co-operative Banks (UCBs) Please refer to para 1 of our circular ref: UBD.CO.LS.Cir.No.25/07.01.000/2010-11 dated November 16, 2010 wherein the eligibility criteria regarding FSWM UCBs were laid down.… Read More
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (i) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (ii) liabilities of residents of an economy to non-residents. The difference between an economy's… Read More
RBI/2013-14/307 UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14 October 1, 2013 The Chief Executive Officer All Urban Co-operative Banks Dear Sir / Madam, Share Linking to Borrowing Norm in Urban Co-operative Banks Please refer to the instructions contained in para 3 of circular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008 on ˜Instruments for Augmenting Capital… Read More
RBI/2013-14/306 A.P. (DIR Series) Circular No.60 October 01, 2013 To All Category - I Authorized Dealer Banks Madam / Sir, Export Outstanding Statement (XOS) Online Bank wide Submission Attention of Authorized Dealer Category I (AD Category I) banks is invited to A. P. (DIR Series) Circular No. 12 dated September 9, 2000 in terms of which AD… Read More
(Special address delivered by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at Kolkata on September 27, 2013) Shri Basudeb Achariya, Hon™ble MP, Lok Sabha; Comrade Rajen Nagar, President, AIBEA; Shri B.P. Kanungo, Regional Director for West Bengal and Sikkim, Reserve Bank of India; Shri Samir Ghosh, General Secretary, All Indian Reserve Bank… Read More