CA, CS and CWA Acts amended to take into account LLPs
The Company Secretaries (Amendment) Bill, 2010 dealing with the amendments arising out of the Limited Liability Partnership Act, 2008 as discussed and approved by Rajya Sabha on 12th December, 2011 was introduced and passed in Lok Sabha on 19th December, 2011 along with the Chartered Accountants (Amendment) Bill, 2010 and Cost and Works Accountants (Amendment)… Read More
ECB for MFIs and NGOs engaged in micro finance activities under Automatic Route
CLR Note: Considering the specific needs of the micro finance sector, the existing External Commercial Borrowings (ECB) policy has been reviewed in consultation with the Government of India and it has been decided that Micro Finance Institutions (MFIs) may be permitted to raise ECB upto USD 10 million or equivalent during a financial year for… Read More
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk
RBI/2011-12/305 DBOD. AML.BC. No.65 /14.01.001/2011-12 December 19, 2011 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/ All India Financial institutions/ Local Area Banks Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring… Read More
Late Fees for XBRL filings post 31st Dec, 2011 counted from original date of filing
Last date for filing financial statements in XBRL mode for phase-I class of companies (excluding exempted class) has been extended up to 31.12.2011 or within 60 days of their due date of filing, whichever is later. For details kindly see General Circular No:69/2011. Please note that companies filing after expiry of this extended timeline would… Read More
Half Yearly Sales Tax Return to be filed effective 1st April 2012 – Maharashtra VAT
Notification No. : VAT 1511/CR 138/Taxation-1 Dated 5.12.2011 MAHARASHTRA VALUE ADDED TAX Act, 2002. No.VAT 1511/CR138/Taxation.-1.”Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publicatioy thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value… Read More
Companies Amendment Regulations – Powers of Regional Directors redefined
Powers of Regional Directors Redefined Read More
Clarification regarding Registration under Service Tax Regulations
F. No. 137/120/2011 Service Tax Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi dated the 13th December 2011 ORDER NO. 2 /2011 Service Tax In exercise of the powers conferred by Rule 4(1A) of the Service Tax Rules 1994, Central Board of Excise and Customs hereby specifies the… Read More
Unlisted Public Companies (Prefrential Allotment) Amendment Rules, 2011
( PUBLI SHED I N THE GAZETTE OF I NDI A, EXTRAORDI NARY, PART II,SECTION-3,SUBSECTION(i) ofdatedthe14.12.2011) GOVERNMENT OF I NDI A MI NI STRY OF CORPORATE AFFAI RS NOTI FI CATI ON New Delhi; The 14th December,2011 G.S.R. (E).-In exercise of the power conferred by sub-section (1A) of section 81, read with section… Read More
Custom Notification 109/2011 – Limited relaxation from Anti dumping Duty on Import of Ceramic Glazed Tiles
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY,] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE *** New Delhi, dated the 15th December 2011 Notification No. 109/2011-Customs G.S.R. (E).- Whereas, in the matter of import of ceramic glazed tiles other than vitrified tiles where at least one of… Read More
Download Companies Bill 2011 as placed before Loksabha
Dear Professional Colleagues, The Companies Bill, 2011 as introduced in the Loksabha on 14th December, 2011 can be downloaded at the link below. Read More
Non-Investment of NPS Fund
A total amount of Rs. 971.48 crore, collected towards contribution for Government employees, from 2004 to March 2008, under the New Pension System (NPS), was credited to the Public Account of India. The institutional architecture for NPS could not be operationalised by the Interim Pension Fund Regulatory and Development Authority (PFRDA). Therefore, the contribution for… Read More
DFID to Continue its Development Cooperation Programme in India at Rs. 2250 Crores Annually for the Next Four Years until 2014-15; India and UK Reiterate their Commitment to Ensure a Successful Partnership to Promote Prosperity, Combat Poverty and Facilitate Achievement of MDGS
Mr. Andrew Mitchell, Secretary of State for International Development (DFID), UK and Mr. Namo Narain Meena, Minister of State (E&FS) met here today to discuss the strategic development cooperation partnership between India and UK. Both sides expressed satisfaction at the excellent state of bilateral relations between the two countries and agreed to work together to… Read More
Ministry of Corporate Affairs to Organize India Corporate and Investor Meet in February 2012
The Ministry of Corporate Affairs will organize a week long India Corporate and Investor Meet from February 6 to 12, 2012 in the five metro cities, namely, Kolkata, Chennai, Mumbai, Bangalore and Delhi. A decision to this effect was taken in a meeting chaired by Dr. M. Veerappa Moily, Union Minister for Corporate Affairs yesterday. The senior representatives from… Read More
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