Corporate Law Reporter - The Daily Journal

MVAT notifies amendments in Schedules A, B, C and D w.e.f. 1st April 2013

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, Dated the 30th March 2013. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT 1513/CR 46(l)/Taxation- l.” In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of… Read More

MVAT notification on Tax Exemptions under entry 101 of Schedule ˜C™ with effect 1st April’13

FINANCE DEPARTMENT Hutatma Rajguru Chowk, Mantralaya, Madam Cama Marg, Mumbai 400 032, dated 30th March 2013. NOTIFICATION Central Sales Tax Act, 1956. No. CST. 1413/CR 48/Taxation-l.”In exercise of the powers conferred by sub-section (5) of section 8 of the Central Sales Tax Act, 1956 (Act 74 of 1956), the Government of Maharashtra hereby in the public… Read More

Highlights of the Maharashtra Budget for 2013-14

HIGHLIGHTS OF THE BUDGET PRESENTED BY DEPUTY CHIEF MINISTER AND FINANCE MINISTER, SHRI AJIT PAWAR ON 20TH MARCH, 2013 Surveillance of transactions by Sales Tax Department to go up. Tax exemption on essential commodities, Solapuri chadars and towels, wet dates to continue up to 31st March, 2014. Tax exemption on currants and raisins to continue… Read More

Extracts of Tax Proposal in Goa’s Budget for 2013-14

Chief minister Manohar Parrikar who is also the minister for finance to present Goa's budget for 2013-14 on 18th March 2013. Extracts of Budget Speech on VAT, Luxury Tax, Entry Tax & Entertainment Tax 1. Speaker Sir, I now turn towards the tax proposals for the year 2013-14. The various schemes and interventions towards the… Read More

DGFT Amendments in Appendix 5 of the Handbook of Procedures (Vol.I)

(To be published in the Gazette of India Extraordinary Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 52(RE:2012)/2009-2014 NEW DELHI DATED 28th March 2013 In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of… Read More

Basel III Capital Regulations in India : Clarifications on Implementation Guidelines

RBI/2012-13/460 DBOD.No.BP.BC.88/21.06.201/2012-13 March 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications Please refer to the ˜Guidelines on Basel III Capital Regulations™ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated… Read More

KYC norms compliance for Self Help Groups simplified by RBI

RBI/2012-13/459 DBOD.AML.BC. No.87/14.01.001/2012-13 March 28, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self… Read More

Revision of interest rates of PPF and Senior Citizens Savings Scheme

RBI/2012-13/458 DGBA.CDD. No. H- 5603 /15.02.001/2012-13 March 28, 2013 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur / State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of… Read More

Financial Consumer Protection : A perspective from RBI

(Inaugural Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the RBI Banque de France Seminar on Consumer Protection organized at the College of Agricultural Banking, Pune on March 22, 2013) Madam Anne Le Lorier, First Deputy Governor, Banque de France, Senior executives from the Banque de France, Shri G. Padmanabhan… Read More

Transitioning from Student to Professional Lives: Some Reflections

(Convocation Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the V.V. Vanniaperumal College for Women, Virudhunagar on March 24, 2013) Dr. M. Narendra, CMD, Indian Overseas Bank; Dr. (Smt.) P. Selvameenakshi, Principal, V.V. Vanniaperumal College for Women; Shri S.M.S. Manickavasagam, Secretary and Smt. M.M.N… Read More

Statistics and the Reserve Bank: Recent Developments and Perspective

(Opening Remarks by Shri Deepak Mohanty, Executive Director, at Annual Statistics Conference 2013 of the Reserve Bank of India on March 22, 2013 at Mumbai) Deputy Governor, Dr. Urjit R. Patel, Shri A. B. Chakraborty, Officer-in-Charge, Department of Statistics and Information Management (DSIM); heads of select central office departments; distinguished statisticians and economists from the… Read More

India™s International Investment Position (IIP), December 2012

International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an… Read More

Sources of Variation in Foreign Exchange Reserves in India during April-December 2012

Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q3 of 2012-13 (October-December 2012) on its website . On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2012 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-December 2012 During April-December… Read More