Corporate Law Reporter - The Daily Journal

Relief and Savings bonds-Compensation structure for delay in payment of interest and/or principal

RBI/2011-12/491 DGBA.CDD.H-6614 /13.01.298/2011-12 April 10, 2012 The Chairman and Managing Director/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates, All Nationalized Banks (excluding Punjab and Sind Bank & Andhra Bank), IDBI Bank Ltd. /ICICI Bank Ltd./Axis Bank Ltd./HDFC Bank Ltd., SHCIL Dear Sir/Madam, Relief and Savings bonds-Compensation structure for delay in… Read More

CBEC-Clarification on Point of Taxation Rules

Circular No.155/6/ 2012 ST F. No 334/1/2012- 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: 9th April 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director… Read More

Access criteria for payment systems sub-membership to centralised payment systems

RBI/2011-12/489 DPSS.CO.OD. 1848 /06.07.003/2011-2012 April 9, 2012 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks including RRBs/ Urban Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks Dear Sir/Madam Access criteria for payment systems sub-membership to centralised payment systems Under the overall guidance of the Board for Payment and Settlement Systems, the Reserve Bank over the… Read More

Govt sets up the Study Team to examine the possibility of a common tax code for service tax and central excise

As announced by the Union Finance Minister, Shri Pranab Mukherjee in his Budget speech, a Study Team has been set-up by the Government, under the leadership of Shri. M. K. Gupta to examine the possibility of a common tax code for service tax and central excise, which could be adopted to harmonize the two legislations.… Read More

Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) – Revision of interest rates

RBI/2011-12/483 DGBA.CDD. No. H- 6506 /15.02.001/2011-12 April 3, 2012 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central… Read More

ICAI- Oracle ERP Financial Accounting Training Program at Mumbai

The Committee on Information Technology of the ICAI is organizing an Oracle Financial Accounting Training program. This is a Blended Training with a combination of 7 days Trainer Led Program and 1 Year Access to Online Oracle Finance Training modules. This Blended Training Program is an opportunity for the members to: 1. Learn about Oracle… Read More

Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008, issued under the Environment (Protection) Act, 1986 (29 of 1986)

[To be published in Gazette of India Part -II-Section 3-Sub-sections-(i), Extraordinary] Government of India Ministry of finance Department of Revenue Central Board of Excise and Customs Notification No.31/2012-Customs (N.T.) GSR (E)¦¦In exercise of the powers conferred by sub-section (1) of section 11 of the Customs Act, 1962 (52 of 1962), and in suppression of the notification No.… Read More

Authorised Dealer Category II Permission for additional activity and opening of Nostro account

RBI/2011-12/488 A. P. (DIR Series) Circular No. 104 To All Authorised Persons in Foreign Exchange Madam/Sir, Authorised Dealer Category II Permission for additional activity and opening of Nostro account Attention of all the Authorised Persons in foreign exchange is invited to Para 3 and Para 5 of Annex I to the A. P. (DIR Series) Circular… Read More

ICAI- Dates for the receipt of the application for Empanelment for Observers for Chartered Accountants Main Examinations and CPT extended

The last date for receipt of application for Empanelment for Observers for Chartered Accountants Main Examinations scheduled to be held from 2nd to 17th May, 2012 and CPT on 17th June, 2012 has been extended upto 11th April, 2012 (Wednesday). It may be mentioned that the members who had already applied for the empanelment (even… Read More

Union Finance Minister Pranab Mukherjee to meet the representatives of jewellery manufacturers from major cities on 6th April, 2012

Excise duty of 1% has been imposed on unbranded jewellery of precious metals (other than silver) as part of the Union Budget proposals for 2012-13. Several representations have been received in the Ministry of Finance on behalf of the manufacturers of jewellery including artisans and goldsmiths seeking reconsideration of this proposal on the ground that… Read More

Amendment in the Income- Tax Rules, 1962

Income-tax (Fourth Amendment Rules, 2012 Depreciation restricted to 15% on wind mills installed after 31-3-2012 Notification No. 15/2012 [F.No.149/21/2010-SO(TPL)] S.O.694(E), dated 30-3-2012 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax… Read More

Clarification regarding classification of structural components of Boiler and admissibility of CENVAT credit on these structural components

Circular No.964/07/2012-CX F. No. 84/1/2011-CX-1 Government of India; Ministry of Finance; Department of Revenue Central Board of Excise & Customs Dated 2nd April, 2012 To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors Generals Subject : Clarification regarding classification of structural components of Boiler and admissibility of… Read More

ICSI- The 13th National Conference of Practising Company Secretaries on 25th-26th May

ICSI to organise the 13th National Conference of Practising Company Secretaries on the 25th and 26th May, 2012 at Sher-i-Kashmir International Conference Centre, Chashma Shahi, Srinagar. The eminent speakers with comprehensive exposure to the practical aspects of the topics will address and interact with the participants. The Key takeaways will be: - Explore new oppurtunities… Read More