Corporate Law Reporter - The Daily Journal

Deductors to do the necessary compliance to ensure correct filing of quarterly TDS

All deductors other than Government deductors must file their quarterly TDS statement for the quarter ending 30th June 2012, on or before 15th July 2012 and Government deductors must file their statement on or before 30th July 2012. While submitting their statements, the deductors have to choose correct and relevant form, quote correct PAN against… Read More

Prudential Guidelines on Capital Adequacy Treatment of Head Office Debit Balance Foreign Banks

RBI/2012-13/121 DBOD.No.BP.BC.28/21.06.001/2012-13 09 July 2012 The Chief Executive Officers Foreign Banks Operating in India Dear Sir, Prudential Guidelines on Capital Adequacy Treatment of Head Office Debit Balance Foreign Banks A reference is invited to the paragraph 4.2.3 - Notes (iv) of the Master Circular on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)… Read More

ICSI- 12th All India Company Law Quiz, 2012

The Pune Chapter of WIRC of the Institute of Company Secretaries of India, is hosting the National Company Law Quiz 2012. Rules for the Competition: Eligibility: Only registered students ICSI are eligible to participate.( Students who have passed all four modules of CS Professional Program are not eligible ) Practicing Advocates, Chartered Accountants and Cost Accountants… Read More

GOI, Govt of Bihar and the World Bank signed an agreement for US$ 100 million additional credit to scale-up the ongoing Bihar Rural Livelihoods Project

The Government of India, the Government of Bihar and the World Bank today signed here an agreement for US$ 100 million additional credit to scale-up the ongoing Bihar Rural Livelihoods Project, named Jeevika (or `livelihood™ in Hindi). The Project is aimed at enhancing the social and economic empowerment of the rural poor in Bihar. The… Read More

DGFT- Introduction of electronic Bank Realization Certificate (e-BRC) system

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-1 SECTION-1); GOVERNMENT OF INDIA; MINISTRY OF COMMERCE AND INDUSTRY; DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 08(RE-2012)/2009-14; DATED 6TH JULY, 2012 Sub:- Introduction of electronic Bank Realization Certificate (e-BRC) system Through Public Notice No.2 (RE-2012)/2009-14 dated 5.6.2012, the issuance and transmission of ˜e-BRC™ by… Read More

DGFT- Export of additional 4,476 MTs of raw sugar to USA under Tariff Rate Quota

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India; Ministry of Commerce & Industry; Department of Commerce Public Notice No. 9 (RE-2012)/2009-2014 Dated the 6th July, 2012 Subject:- Export of additional 4,476 MTs of raw sugar to USA under Tariff Rate Quota. In exercise of the powers conferred under Paragraphs… Read More

Minister for State for Commerce and Industry, calls for closer Economic engagements with Colombia

Shri Jyotiraditya Madhavrao Scindia, the Minister for State for Commerce and Industry, led a delegation of officials, CEOs and other business delegates to Bogota, Colombia during 6-7 July 2012. On the first day of the visit, Minister Scindia had a detailed delegation level bilateral talk with Dr. Carlos de Hart , Vice Minister of Commerce,… Read More

Accounting Code for payment of service tax under the Negative List approach to taxation of services, with effect from the first day of July 2012

Circular No.161/12/2012 -ST; F.No.341/21/2012-TRU Government of India; Ministry of Finance; Department of Revenue; Central Board of Excise & Customs; Tax Research Unit Chief Commissioners of Customs and Central Excise (All), Chief Commissioners of Central Excise & Service Tax (All), Director General (Service Tax), Director General(Systems), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of… Read More

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR

RBI/2012-13/120 A.P. (DIR Series) Circular No. 2 July 6, 2012 All Category - I Authorised Dealer Banks Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 130 dated May 25,… Read More

Clarification on point of Taxation Rules

Circular No. 162/13 /2012 ST F. No. 354/111/2012-TRU Government of India; Ministry of Finance; Department of Revenue; Central Board of Excise and Customs (Tax Research Unit) Dated the 6th July 2012. Chief Commissioner of Customs and Central Excise (All); Chief Commissioner of Central Excise & Service Tax (All); Director General of Service Tax Director General… Read More

Companies allowed to file the BS & P&L in XBRL mode for financial year 2011-12 latest by 15th Nov, 2012

General Circular No. 16/2012; No. 17/161/2012-CL-V Government of India; Ministry of Corporate Affairs Dated: July 6, 2012 All Regional Directors; All Regist rars of Companies Subj ect :- Filing of Balance Sheet and Profit and Loss Account in Extensible Business Report ing Language (XBRL) Mode for financial year commencing on or after 1.4.2011. Sir, Vide… Read More

India and Mauritius to expand trade ties in Textile Sector

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma today met Mr. Arvin Bollel, Mauritian Minister of Foreign Affairs, Regional Integration and International Trade here. During the meeting it was informed that the first meeting of the Joint Committee on Cooperation about the textile and clothing industry to India will be held from… Read More

SEBI- Review of Regulatory Compliance and Periodic Reporting

CIRCULAR CIR/MIRSD/7/2012 July 05, 2012 All Registrars to an Issue and Share Transfer Agents registered with SEBI Sub: Review of Regulatory Compliance and Periodic Reporting 1. Registrars to an issue and Share Transfer Agents are required to furnish quarterly report in electronic form in the prescribed format in terms of SEBI Circulars No. RRTI Circular… Read More