CBEC-Seeks to amend Notification 21/2012 Customs, dated 17-03-2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 29 / 2012 - Customs New Delhi, dated the 30th April, 2012 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the… Read More
MCA- Name Availability Guidelines, 2011
General Circular No. 7/2012 No.17/90/2011-CL-V Government of India Ministry of Corporate Affairs To All Regional Directors, All Registrar of Companies Sub: Name Availability Guidelines, 2011 Sir, Please refer to this Ministry's earlier Circulars No. 45/2011 dated 08.07.2011 and 48/2011 dated 22.07.2011 on the subject cited above. In this regard, I am directed to say that… Read More
Compliance of Reporting Norms by Companies
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the reporting norms comprises of annual reporting of financial results and state of affairs by companies in the format prescribed under the Companies Act, 1956 and Rules made thereunder. For non -compliance of reporting norms, prosecutions… Read More
MCA-Registration of New Companies
he Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that every year new companies get registration for business in the country and the number of companies registered during 2008-08, 2009-10 ,2010-11 and 2011-12 and up to March 2012 along with the break-up of Public Limited and Private Limited companies is given… Read More
De-Registration of not-for-Profit Companies
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Government has not proposed to relax existing norms for not-for-profit companies to allow them to de-register without having to follow cumbersome regulations as the Fast Track Exit Scheme introduced by the Ministry w.e.f. 03.07.2011 does… Read More
Fin Min says, Asia will continue to grow rapidly only if the people are empowered with skills and capabilities that will enable them shape their own lives
The Union Finance Minister, Shri Pranab Mukherjee said that if Asia has to continue growing rapidly, its path of development needs to be inclusive and people need to be empowered with skills and capabilities that will enable them shape their own lives. The Finance Minister said that we believe in sustaining high and inclusive growth… Read More
Services provided by the Agricultural Produce Marketing Committee (APMC) /Board
Circular No. 157/8 /2012-ST F.No.354/234/2011-TRU Government of India; Ministry of Finance Department of Revenue Central Board of Excise & Customs Dated 27th April, 2012 To Chief Commissioner of Customs and Central Excise / Central Excise & Service Tax (All) Director General of Service Tax /Central Excise Intelligence /Audit; Commissioner of Customs and Central Excise/ Central Excise… Read More
Priority Sector Lending-Indirect Finance to Housing Sector
RBI/2011-12/527 RPCD.CO RRB. BC.NO.74 /03.05.33/2011-12 April 27, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Priority Sector Lending-Indirect Finance to Housing Sector Please refer to paragraph 7.4 of our circular RPCD.No. RRB.BC.20/03.05.33/2007-08 dated August 22, 2007 on lending to priority sector. 2. Pursuant to the announcement made by Union Finance Minister in the… Read More
RBI- Intra-bank Deposit Accounts Portability
RBI/2011-12/528 DBOD.AML. BC. No. 97/14.01.001/2011-12 April 27, 2012 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks Dear Sir, Intra-bank Deposit Accounts Portability It has been brought to our notice that some banks are insisting on opening of fresh accounts by customers when customers approach them for transferring their account from one… Read More
Rural villages to have ATMs soon
A Task Force headed by Shri Nandan Nilekani in its report on Aadhaar Enabled Unified Payment Infrastructure has envisioned an interoperable network of 10 lakh Business Correspondent Agents utilizing Micro-ATMs to cover the entire country for Financial Inclusion and Electronic Benefit Transfer (EBT). The report has inter-alia recommended transfer of payments from Government and Government… Read More
Stringent ECB and FDI norms for investment in the Housing projects
FDI is not permitted in Real Estate Business. However, as per paragraph 6.2.11 of ˜Circular 1 of 2012 Consolidated FDI Policy™ of the Department of Industrial Policy & Promotion (DIPP), FDI upto 100 per cent is permitted under the automatic route for Townships, housing, built-up infrastructure and construction development projects (which would include, but not… Read More
Revised format for Excise and Service Tax Return
No 201/05/2011-CX.6 Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, the 13th April, 2012 Subject: Revised format for Excise and Service Tax Return- regarding The attached document is a draft circular containing details of proposed amendments to harmonize the ER-1, ER-3 and ST-3 returns so that… Read More
CBEC determines the rate of exchange of conversion of foreign currency
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.38/2012- Customs (N.T.) Dated the 26th April, 2012 6 Vaisakha, 1934(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs… Read More
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