Companies (Director Identification Number) Amendment Rules, 2012
{To be published in the gazette of India, extraordinary part-II Section 3, sub Section (i) Government of India Ministry of corporate affairs Notification New Delhi the _________2012 G.S. R.--------------------------(E).-In exercise of the powers conferred by clause (a) and clause (b) of sub section (1) of section 642 read with sections 266 A,… Read More
Exemption from maintaining Cost Accounting Records for 100% EOUs / SEZ
General Circular no.11/2012 F.No,52/1/Cab-2012 Government of India Ministry of corporate affairs Cost audit branch *** Dated the 25th may,2012 To, The President, Institute of cost Accountants of India 12, sudder street, Kalkata-700016 Subject: Cost Accounting Records and cost audit clarifications about Coverage of certain sectors there under. Sir. In partial modification of Para (b)… Read More
SEBI : Exit Policy for De-recognized/ Non-operational Stock Exchanges
CIR/MRD/DSA/14/2012 May 30, 2012 To, The Managing Directors / Chief Executive Officers/ Officiating Executive Directors of all the Stock Exchanges. Dear Sir / Madam, Sub.: Exit Policy for De-recognized/ Non-operational Stock Exchanges 1. SEBI vide circular dated December 29, 2008 issued guidelines in respect of exit option to stock exchanges. The exit policy of aforesaid… Read More
DGFT : Exemption for export of pulses to the Republic of Maldives.
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. 118 (RE-2010)/2009-2014 New Delhi, the 30th May, 2012 Subject: Exemption for export of pulses to the Republic of Maldives. S.O.(E) In exercise… Read More
RBI – Uniformity in Risk weight for assets covering PPP and post COD projects
RBI/2011-12/581 DNBS.PD.CC.No.276/03.02.089/2011-12 May 30, 2012 All Infrastructure Finance Companies Uniformity in Risk weight for assets covering PPP and post COD projects The Reserve Bank, vide its notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 viz; Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued detailed guidelines with regard to regulation of IDF-NBFCs.In terms of the Guidelines,for the purpose… Read More
ICAI’s GUIDANCE NOTE ON MAINTENANCE OF COST ACCOUNTING RECORDS
ICAI's GUIDANCE NOTE ON MAINTENANCE OF COST ACCOUNTING RECORDS PRESS RELEASE, DATED MAY, 2012 CHAPTER 1 INTRODUCTION Section 209(1) (d) of the Companies Act, 1956, incorporated in 1965, is the backbone of statutory cost accounting in the Indian corporate sector. This framework put to practice, through promulgation of Cost Accounting Records Rules by the Government, has… Read More
Finance Act 2012 assented by Honourable President
*FINANCE ACT, 2012 [ACT NO. 23 OF 2012] An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013. BE it enacted by Parliament in the Sixty-third Year of the Republic of India as follows:” CHAPTER I PRELIMINARY Short title and commencement. 1. (1) This Act may be called… Read More
Corporatisation and Demutualisation of stock exchanges
Historically, stock exchanges were formed as ˜mutual™ organization i.e formed by trading members themselves for their common benefits. Ownership rights and trading rights are clubbed together in membership. The disadvantage of such organization is that they primarily work towards the interest of members and not those of investors. The office bearers will have access to… Read More
Clarification regarding applicability of service tax on specified services under reverse charge method
Circular No. 158/9/ 2012 ST F.No 354/69/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated : 8th May 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director General… Read More
Clarification on conversion of balances into INR in EEFC Accounts
RBI/2011-12/564 A.P. (DIR Series) Circular No. 128 May 16, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exchange Earner™s Foreign Currency (EEFC) Account Attention of Authorised Dealer Category I (AD Category I) banks is invited to A.P. (DIR Series) Circular No. 124 dated May 10, 2012 on the captioned subject in terms of… Read More
Bank Finance to NBFCs Predominantly Engaged in lending against Gold
RBI/2011-12/568 DBOD.BP.BC.No. 106/21.04.172/2011-12 May 18, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bank Finance to NBFCs Predominantly Engaged in lending against Gold Please refer to paragraphs 94 to 96 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012 on ˜Bank Finance to NBFCs Predominantly Engaged in Lending against Gold™… Read More
Public inspection of physical records suspended at Registrar of Companies West Bengal
Public Inspection of Physical records at the Office of the Registrar of Companies, West Bengal shall be discontinued from 1.05.2012 to 31.07.2012 due to Renovation of Record rooms/office. The Inspection of records shall be resuming from 1st Aug 2012. Read More
Notification No. 19/2012 – Amendment in DTAA between India and Japan
Section 90 of the Income-tax Act, 1961 - Double taxation agreement - Agreement for avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E), dated 1-3-1990 Notification No. 19/2012 [F. No. 506/69/81-FTD.1], dated 24-5-2012 Whereas the Convention between the Government of the Republic of… Read More
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