DGFT Amendment on Export of Pharmaceutical Grade Sugar and Specialty Sugar

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No  29 (RE 2012)/2009-2014 New Delhi, Dated :  11th January, 2013 Subject: Export of Pharmaceutical Grade Sugar and Specialty Sugar. S.O.(E)     In exercise of the powers conferred by… Read More

Dates for Filing of online DVAT returns for third quarter of 2012-13 extended

In order to facilitate' the filling of online DVAT/CST returns, in exercise of the powers conferred under Rule 49A of the DVAT Rules, 2005, the last date of online filing of return for third quarter of 2012-13 is extended upto 01.02.2013. The last date of filing of hard copy of the return for the above return… Read More

Guidelines for providing dedicated Debt Segment on Stock Exchanges

Securities and Exchange Board of India CIR/MRD/DP/03/2013 January 24, 2013 To All Stock Exchanges and Clearing Corporations Dear Sir / Madam, Sub: Guidelines for providing dedicated Debt Segment on Stock Exchanges. 1. The market for debt securities differs from equity markets in several ways such as risk, returns, liquidity, type of participants and method of… Read More

SEBI Guidelines on Identification of Beneficial Ownership

CIRCULAR CIR/MIRSD/2/2013 January 24, 2013 SEBI Registered Intermediaries: 1. Stock Brokers through Recognized Stock Exchanges 2. Depository Participants (DPs) through Depositories 3. Mutual Funds (MFs) 4. Association of Mutual Funds in India (AMFI) 5. Portfolio Managers (PMs) 6. KYC Registration Agencies (KRAs) 7. Alternate Investment Funds (AIFs) 8. Collective Investment Schemes (CIS) 9. Investment Advisers… Read More

ITAT’s Note On Department’s General Grievances

ITAT'S NOTE ON DEPARTMENT'S GENERAL GRIEVANCES IN THE MATTER OF REPRESENTATION AND ADJUDICATION OF CASES FIXED BEFORE EACH BENCH OF ITAT DELHI NOTE, DATED 21-1-2013 The CIT-DR (Admn.), vide letter dated 27th December, 2012, (Annexure) has expressed their grievance with regard to cases fixed before each Bench, which usually exceed 20. She has stated that due to paucity… Read More

CCI meeting with corporates on Good Corporate Governance

CCI Holds Round-Table Meeting With Top Corporates, Emphasises Competition Compliance for Good Corporate Governance Competition Commission of India today held a round-table meeting with top companies of the country on the subject of Competition Compliance for Good Corporate Governance. Representatives of trade associations/industry associations such as ASSOCHAM, FICCI, CII and PHDCCI also attended the meeting.… Read More

Revision in the norms for the scheme ˜Special Industry Initiative Scheme for Jammu & Kashmir (Udaan)™

The Cabinet Committee on Economic Affairs has approved the modification in the Scheme ˜Special Industry Initiative for Jammu & Kashmir™ (Udaan) to make it more flexible and relevant. Within the overall central assistance of Rs.750 crore, the flexibility to appropriate the budget among different expense heads will be allowed. Public Sector Undertakings (PSUs) have now… Read More

Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/2012-13/394 A. P. (DIR Series) Circular No. 81 January 24, 2013 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More

Interest Rates on and Premature Withdrawal of Rupee Term Deposits

RBI/2012-13/393 DBOD.No.Dir.BC. 74/13.03.00/2012-13 January 24, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on and Premature Withdrawal of Rupee Term Deposits In terms of our mailbox clarification dated May 16, 2007, deposits of `15 lakh or any higher threshold approved by the Boards of banks have been termed wholesale deposits. The term bulk… Read More

Retail issue of Subordinated Debt for raising Tier II capital

RBI No. 2012-13/392 DBOD.BP.BC. No.72/21.01.002/2012-13 January 24, 2013 The Chairman and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding RRBs) Dear Sir Retail issue of Subordinated Debt for raising Tier II capital Please refer to our circular DBOD.BP.BC.No.69/21.01.002/2009-10 dated January 13, 2010 on the above subject, advising banks to adhere to certain conditions, while issuing… Read More

Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt

RBI/2012-13/391 A. P. (DIR Series) Circular No.80 January 24, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of… Read More

SEZ Board of Approvals held on 18th Jan 2013

The attached files in this journal is the agenda undertaken in the SEZ Board of Approvals meeting for the requests by multiple parties for SEZ related matters. The following matters were up for discussions: Requests for co-developer Request for increase/decrease in area Requests for de-notification Requests for withdrawal of formal approval Requests for extension of… Read More

Central Excise Amendment notification regarding Gold bars

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]       GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No.1 /2013-Central Excise New Delhi, the 21st January, 2013  G.S.R.    (E). - In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act,… Read More

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