Corporate Law Reporter - The Daily Journal

Amendment in the Notification No. 36/2001-Customs (N.T.) dated, the 3rd August, 2001 [Hindi version of 19/2012-Cus(NT)]

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 19/2012-CUSTOMS (N. T.) New Delhi, 15th of March, 2012 25 Phalguna, 1933 (SAKA) S.O. (E). In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise &… Read More

Non- Reckoning Fixed Deposits with Banks as Financial Assets

RBI/2011-12/446 DNBS (PD)CC.No.259 /03.02.59/2011-12 All Non Banking Financial Companies (excluding Residuary Non Banking Companies) Dear Sir, Non- Reckoning Fixed Deposits with Banks as Financial Assets In terms of Section 45IA (1) of the RBI Act 1934, no non-banking financial company shall commence business or carry on the business of a non-banking financial institution without (a)… Read More

RRBs/StCBs/DCCBs Bank Rate Increased

RBI/2011-12/445 RPCD.CO.RRB.RCB.BC.No.63/07.40.06/2011-12 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Bank Rate Section 49 of the Reserve Bank of India Act, 1934 requires the Reserve Bank to make public (from time to time) the standard rate at which it is prepared to buy or re-discount bills of… Read More

Minister of State for Corporate Affairs emphasises on the public friendly accounting & to file B/S and P/L statement in XBRL format at the 53rd National Cost Convention of CMA

Shri R.P.N. Singh, Minister of State for Corporate Affairs has emphasized upon public friendly Accounting. Inaugurating the three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 organised by the Institute of Cost Accountants of India (ICAI) here in New Delhi today Shri Singh called upon the Cost… Read More

Highlights of Rail Budget 2012

The Railway Budget gets a mix view as some appreciate and some don™t, it surely talks for the country and not for an individual but of their safety which requires resources. The Budget has come, know its on to us to decide whether it is creating heaviness for our pockets or one goes with it.… Read More

New Income Tax e-filing for call centers starting from today

New e-filing call center will start working from 15th March 2012. For any query relating to online filing of Income Tax Return, please call to 080-25186960 between 9am to 6 pm on all working days. Read More

The Institute of Cost Accountants of India to organise Workshop on Presentation and Disclosures of Financial Statements as per the revised Schedule VI on the 19th- 20th April

The Institute of Cost Accountants of India to organise Workshop on Presentation and Dsclosures of Financial Statements as per the revised Schedule VI to the Companies Act , 1956 on 19th- 20th April, 2012. In the context of preparation and presentation of Balance Sheet , and Statement of Profit and Loss as per the new Schedule… Read More

The 44th Indian Labour Conference recommends on taking up the norms on fixing the minimum wages decided at the 15th ILC

The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the Rajya Sabha that the norms recommended by the Indian Labour Conference (ILC), held in 1957 are taken into account while fixing the minimum wages. These are as follows: - a) 3 consumption units for one earner. b) Minimum food requirements of 2700 calories… Read More

ICAI: 53rd National Cost Convention of Cost and Management Accountants for the year 2012 to focus on Enhancing the long term enterprise value- Environment, Society and Governance

The three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 is being organised by the Institute of Cost Accountants of India (ICAI) here in New Delhi at Vigyan Bhawan from tomorrow onwards. It will focus on Enhancing the long term enterprise value- Environment, Society and Governance Towards… Read More

Removal of Prohibition on export of cotton (Tariff Codes 5201 and 5203)

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 106 (RE-2010)/2009-14 New Delhi, Dated 12th March, 2012 Subject:- Removal of Prohibition on export of cotton (Tariff Codes 5201 and 5203) S.O. (E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992… Read More

CENVAT Credit (First Amendment) Rules, 2012 to Substitue Rule 12CC of Central Excise Rule, 2002

Government of India Ministry of Finance Department of Revenue Notification No. 4/2012-CENTRAL EXCISE (N.T.) New Delhi, dated, 12th March, 2012 G.S.R. (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules,… Read More

CENVAT Credit (Second Amendment) Rules, 2012 to substitue Rule 12AA of CENVAT Credit Rules, 2004

Government of India Ministry of Finance Department of Revenue Notification No. 3/2012-CENTRAL EXCISE (N.T.) New Delhi, dated,12th March, 2012 G.S.R. (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004,… Read More

CBEC-Ban on export of Cotton (Tariff Code 5201 and 5203)

Circular No. 08/2012-Customs F. No. 524/19/2012-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** To All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE, All Directors General of CBEC, All Commissioners of Customs / Customs (Prev.) / C&CE All Commissioners of Customs & Central Excise (Appeals). Subject: Ban on… Read More