The Institute of Company Secretaries of India Announces the Results of its Professional and Executive Programmes

The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, has announced the results of its (i) Professional Programme and (ii) Executive Programme examinations held in June this year. The results have been released to all the regional and chapter offices of the Institute throughout the country… Read More

Food Security Bill gets Loksabha Nod

States Foodgrain Entitlements to be Protected Legally ; Definition of Meal Changed to Avoid Package Food ; States to get one year for Implementation of the Bill ; States to be Consulted for Making Rules to Carry out Provisions of Bill ; The National Food Security Bill, a historic initiative for ensuring food and nutritional security to the… Read More

National Policy on Fertilizers

Urea is the only fertilizer under statutory price control and its import to bridge the gap between assessed demand and estimated indigenous production is made on Government account. The Government has notified the New Investment Policy 2012 on 2nd January, 2013 to facilitate fresh investment in urea sector and to reduce India™s import dependency. In response… Read More

Reporting of OTC transactions in Securitized Debt Instruments

RBI/2013-14/201 IDMD.PCD. 06 /14.03.06/ 2013-14 August 26, 2013 To All RBI regulated entities Dear Sir/Madam Reporting of OTC transactions in Securitized Debt Instruments As a measure to develop the securitized debt market and improve transparency, the reporting of Over The Counter (OTC) transactions in Securitized Debt Instruments has been enabled in Fixed Income Money Market… Read More

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2013

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 284/2013-RB Mumbai, the 27th August, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2013 G.S.R. 596(E).” In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act,… Read More

DVAT to issue Central Statutory forms pertaining to year 2011-12 and earlier, electronically

GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, NEW DELHI No.F.3(310)/Policy/VAT/2013/664-669 Dated: 23/08/2013 CIRCULAR NO. 13 OF 2013-14. The department started issuing central statutory forms online from the year 2012-13. But, the forms prior to year 2012-13 continued to be issued manually in the usual manner. As a step towards e-governance, it has… Read More

DVAT arrangements for receipt and movement of Quarterly Returns for Quarter Ending June 2013

GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES OFFICE OF THE COMMISSIONER, VALUE ADDED TAX VYAPAR BHAWAN, I. P. ESTATE, NEW DELHI-110002 SUB:-ARRANGEMENTS FOR RECEIPT AND MOVEMENT OF QUARTERLY RETURNS FOR QUARTER ENDING '30-06-20 13. Following arrangement for 31-08-2013 have been made to facilitate the filing of quarterly return for the quarter ending 30-06-2013. The… Read More

DVAT Partial modification Notification w.r.t. ‘Republic of Gambia’

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No.F.5(54)/P-II/VAT/2012-2013/670-682 Dated: 23/08/2013 NOTIFICATION In partial modification of this department™s Notification No.5(54)/PolicyII/VAT/Amendment/ 2010/1790-1800 dated 02/12/2010, the Entry No. mentioned against ˜Republic of Gambia™ may be… Read More

Official Journal of the Patent Office Part I, II(Design) 23rd August 2013

In view of the recent amendment made in the Patents Act, 1970 by the Patents (Amendment) Act, 2005 effective from 01st January 2005, the Official Journal of The Patent Office is required to be published under the Statute. This Journal is being published on weekly basis on every Friday covering the various proceedings on Patents as required… Read More

HC directs CBDT to investigate whether AO did not act in a bonafide manner

CLR Editorial Note: The assessee in this case, had sold an agricultural land for a value of Rs. 1.20 crore and deposited the cash proceeds in his bonafide bank account. With respect to this transaction, he filed a return in which the transaction was disclosed and claimed to be not chargeable to tax. However, as… Read More

Official Journal of the Patent Office Part I, II(Design) 16th August 2013

In view of the recent amendment made in the Patents Act, 1970 by the Patents (Amendment) Act, 2005 effective from 01st January 2005, the Official Journal of The Patent Office is required to be published under the Statute. This Journal is being published on weekly basis on every Friday covering the various proceedings on Patents as required… Read More

Rupee Export Credit – Interest Subvention

RBI/2013-14/200 DBOD.Dir.BC.No.43 /04.02.001/2013-14 August 26, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Rupee Export Credit - Interest Subvention Please refer to our circulars DBOD.Dir.BC.No.70/04.02.001/2012-13 dated January 14, 2013 and DBOD.Dir.BC.No.94/04.02.001/2012-13 dated May 24, 2013 wherein interest subvention of 2% was extended w.e.f. 01.04.2013 to 31.03.2014 on pre and post shipment rupee export credit… Read More

Food Security Bill to Provide Minimum Support Price to more Farmers

In the wake of the increased requirement of foodgrains for implementation of the proposed Food Security Act, procurement operations will be further extended and more farmers will get the benefits of MSP operations. Foodgrain requirement for the implementation of the bill is estimated 614.3 lakh tonnes as against the existing requirement of 563.7 lakh tonnes… Read More

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