Amendment of Handbook of Procedures Vol I (RE 2012)/ 2009-14

(To be published in the Gazette of India Extraordinary Part -I, Section-1) Government of India; Ministry of Commerce and Industry; Department of Commerce Directorate General of Foreign Trade  Public Notice No. 12 (RE-2012)/ 2009-14 New Delhi, the   26  July, 2012  Subject: Amendment of HBP Vol I (RE 2012)/ 2009-14  In exercise of the powers conferred… Read More

Amendment in Foreign Trade Policy (RE-2012)(2009-2014)

(To be published in the Gazette of India Extraordinary)Part II, Section 3, Sub-Section (II)Government of IndiaMinistry of Commerce and IndustryDepartment of CommerceNotification No.  8   (RE-2012) /2009-2014;  Dated the 26 July, 2012 Subject: Amendment in FTP (RE-2012)(2009-2014) S.O (E) : In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as amended, read… Read More

A commemorative Postage Stamp on Indian Customs to be released to celebrate the 50 years of achievements under the Customs Act, 1962

The Union Minister of Communication & Information Technology Shri Kapil Sibal will release tomorrow a commemorative Postage Stamp on Indian Customs to commemorate 50 years of achievements under the Customs Act, 1962. Shri S.S. Palanimanickam, Minister of State for Finance (Revenue and Disinvestment) will be the Guest of Honour and release a Coffee Table Book… Read More

Union Minister of Commerce, Industry and Textiles to attend the Global Investment Conference

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma, left today for London to attend The Global Investment Conference which is taking place tomorrow. Shri Sharma will speak during a session on Global Trade Partnerships along with the British Minister of Business, Innovation and Skills Dr. Vince Cable and Dr. Olusegun Aganga, Minister… Read More

Indian Depository Receipts

  Introduction The past decades have witnessed the increased internationalization of various firms through cross listings on international exchanges. This internationalization has been supported by the process  of market liberalization, which has led to greater integration of global securities markets. Cross-border listing  by the various companies has become one of the important  avenues for the… Read More

MCAICSI Webinar on XBRL Filing

As desired by MCA, The ICSI is organizing MCA ICSI Webinar on MCA XBRL filings for Financial Year 2011-12 (Accounting Year commencing on or after 01.04.2011) on Monday, 30.07.2012, at Conference Room of Ministry of Corporate Affairs, Shastri Bhawan, New Delhi at 4.00 pm. Representatives of MCA, ICSI, ICAI, ICWAI, TCS, etc would reply to… Read More

IT Dept starts two more taxpayer friendly initiatives ˜Register for Home Visit™ & ˜Online Tax Help™

In order to make the Income Tax Return filing experience even more convenient, the Income Tax Department has started two more taxpayer friendly initiatives ˜Register for Home Visit™ and ˜Online Tax Help™. To avail these facilities, a taxpayer must visit the website www.trpscheme.com and take help of trained professionals either online or at their homes.… Read More

Eminent Persons Advisory Group Meeting held in CCI. Corporate Affairs Minister releases the first news letter of CCI.

The first meeting of the eminent persons Advisory Group (EPAG) was held in Competition Commission of India today. The EPAG discussed ways to deepen the process of competition in various sectors of the economy. Addressing the EPAG, the Union Corporate Affairs Minister, Dr. M.Veerappa Moily stressed on the need for having a strong competition culture… Read More

Amendment in ITC (HS) 2012 Schedule 1 Import Policy.

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 7 (RE 2012)/2009-2014 New Delhi, Dated: 23rd July, 2012   Subject: -     Amendment in ITC (HS) 2012 Schedule 1 Import Policy.   S.O. (E) In exercise of powers conferred by Section 5, read along with Section 3(2) of the Foreign… Read More

The Non-Banking Financial Company Factors (Reserve Bank) Directions, 2012

RBI/2012-2013/140 DNBS (PD) CC. No. 297 / Factor / 22.10.91/ 2012-13 July 23, 2012 All NBFCs Dear Sir, The Non-Banking Financial Company Factors (Reserve Bank) Directions, 2012 The Central Government has notified the Factoring Regulation Act, 2011 on January 22, 2012. The Act aims to regulate Factors and assignment of receivables in favour of Factors,… Read More

Prudential Norms for Off-balance Sheet Exposures of Banks

RBI/2012-13/139 DBOD.No.BP.BC.31/21.04.157/2012-13 July 23, 2012 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Dear Sir, Prudential Norms for Off-balance Sheet Exposures of Banks Please refer to our circular DBOD.No.BP.BC.57/21.04.157/200809 dated October 13, 2008, in terms of which, any change in… Read More

Foreign Exchange Management Act, 1999 Submission of Revised A-2 Form

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 RBI/2012-13/129 A.P. (DIR Series) Circular No. 5 July 12, 2012 To All Authorised Dealers in Foreign Exchange Madam/ Sirs, Foreign Exchange Management Act, 1999  Submission of Revised A-2 Form Attention of Authorised Dealers (ADs) is invited to A.P. (DIR Series) Circular No.77… Read More

Last Date to File Form 23B without Penalty Extended by 2 Weeks

Ministry of Corporate Affairs vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012. Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on any eForm 23B filed on or after 5th August, 2012. You are therefore advised… Read More

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