Direct Market Access – Clarification
CIRCULAR CIR/MRD/DP/ 20 /2012 August 02, 2012 The Managing Director and CEO - Bombay Stock Exchange Limited; The Managing Director National Stock Exchange of India Ltd. Sub: Direct Market Access - Clarification 1. SEBI, vide circular no. MRD/DoP/SE/Cir-7/2008 dated April 03, 2008 introduced Direct Market Access (hereinafter referred to as DMA). Further, SEBI vide circular no. MRD/DoP/SE/Cir-03/2009… Read More
Ban on export of edible oil in branded consumer packs
(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 Notification No 9 (RE 2012)/2009-2014 Dated : 1st August, 2012 Subject: Ban on export of edible oil in branded consumer packs. S.O.(E) In exercise of the powers conferred by Section… Read More
Amendment in General Note for Fuel for the Product Group at Sl. No. 23
(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.13 (RE:2012)/2009-2014 Dated: 30th July,2012 Subject: Amendment in General Note for Fuel for the Product Group at Sl. No. 23. In exercise of the powers conferred… Read More
E- filing of IT returns for the AY 2012-13 not mandatory for agents of non-residents & private discretionary trusts
Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, during the previous year, exceeds ten lakh rupees, shall furnish the return electronically for the assessment year… Read More
Due date for e-filing the IT returns for the AY 2012-13 is extended to 31st August 2012
On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119… Read More
India & Indonesia sign the revised DTAA for preventing the fiscal evasion with respect to taxes on income
The Government of the Republic of India signed a revised Double Taxation Avoidance Agreement (DTAA) with the Government of the Republic of Indonesia for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income on 27th July, 2012 at Hyderabad House, New Delhi. Shri. S. M. Krishna,… Read More
CBEC-Draft Circular -Service tax may be applicable on staff benefits and employment related transactions
DRAFT CIRCULAR F.No 354/127/2012-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit 146 North Block, New Delhi Dated 27th July 2012 Subject: - Draft Circular on leviability of service tax on staff benefits and employment related transactions- reg Subsequent to the operationlisation of the Negative List, a number of issues have… Read More
Stamp duty may be leviable on increase in authorised share capital in Delhi
A Notification vide No. G.S.R. 716(E). dated 23.09.2011 was issued, in view of the order of the Hon™ble High Court of Delhi dtd. 21.04.2011 in the matter of M/s. S.E. Investment Limited Vs Union Of India and Others {W.P. (c) 2393/2010 and CM Appl. 4794/2011}, the Hon™ble Court had inter alia held that there is… Read More
Clarifications with reference to the Investor Education and Protection Fund
CIRCULAR NO. 17/2012 Government of India; Ministry of Corporate Affairs Dated: 23rd July, 2012 CIRCULAR The following clarifications are issued with reference to the Investor Education and Protection Fund (uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules 2012, published in the Gazette of India Part II section 3 sub section (i) vide… Read More
Filing of Cost Audit Report and Compliance Report in the XBRL mode allowed upto 31st December, 2012
General Circular No. 18/2012 52/17/CAB-2011 Government of India; Ministry of Corporate Affairs; Cost Audit Branch Dated the July 26, 2012 To, The President, Institute of Cost Accountants of India Subject: Filing of Cost Audit Report and Compliance Report in the eXtensible Business Reporting Language (XBRL) mode. Sir, Vide MCA™s General Circular No. 8/2012 dated 10… Read More
Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21
General Circular No. 19/2012 F.No. 17/187/2011 - CL.V Government of India Ministry of Corporate Affairs; Dated 27th July, 2012 All Regional Directors, All Registrar of Companies, All Stakeholders. Sub : Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21 where at present no fee is prescribed. I am directed to refer… Read More
SEBI- System for Making Application to Public issue of Debt Securities
CIRCULAR CIR. /IMD/DF-1/20/2012 July 27, 2012 To All Recognized Stock Exchanges All Registered Merchant Bankers All Registered Registrars to an Issue All Registered Bankers to an Issue All Depositories Dear Sir/Madam, Sub: System for Making Application to Public issue of Debt Securities 1. Regulation 10 of the SEBI (Issue and Listing of Debt Securities) Regulations,… Read More
CBEC-Amends Notification No. 36/ 2010 -Customs (N.T.), dated the 5th May, 2010 thereby amending Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 65/2012-Customs (N.T.) New Delhi, dated the 26th July, 2012 G.S.R. (E). - In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Courier Imports… Read More
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