Proposed Companies Bill gets closer
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate sector through enlightened regulation, a decision was taken to revise the existing Companies Act,… Read More
MCA proposes ceiling on the remuneration of CEO’s of companies
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Act, 1956 has prescribed a ceiling on the remuneration of chief executive officers (CEOs) of companies . The total managerial remuneration to be paid to a Board level CEO of a company having only… Read More
Seminar on Employment and Social Policy `Occupational Safety and Health™
5th India-EU Seminar on Employment and Social Policy `Occupational Safety and Health™ on 19 - 20 September, 2011 at Symposia Hall, NASC Complex, Indian Council of Agricultural Research, DPS Marg, Pusa, New Delhi-110 012 - regarding India and European Union (EU) have entered into a Joint Action Plan to have a policy dialogue and cooperation… Read More
Report of the Expert committee on Amendment to the Factories Act, 1948 ( June 2011 )
Background 1.1 The Factories Act, 1948 is one of the most important Central legislation designed to regulate the working conditions in factories. It lays down the essential provisions relating to working conditions, hazardous processes, health, safety and welfare of the workers and provision and procedures for penalties in case of contraventions of provisions of the Factory Act. The Factories… Read More
RBI launches the 25th Round of Inflation Expectations Survey of Households
The Reserve Bank of India has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005. The 25th round of the Survey with July-September 2011 as the current reference period has been launched today. The Survey seeks qualitative responses from households on price changes (general prices as well as prices… Read More
Authorisation Guidelines for Primary Dealers (PDs)
RBI/2011-12/162 IDMD.PCD. 9 /14.03.05/2011-12 All Market Participants Dear Sir, Authorisation Guidelines for Primary Dealers (PDs) With a view to putting in place equitable and transparent regulatory guidelines for authorisation of PDs and to ensure that the new PDs are adequately equipped to participate meaningfully in all auctions of Government securities (G-Sec), including an underwriting commitment… Read More
Harsh steps for service tax evaders : CBEC
The Central Board of Excise and Customs has decided to take some very harsh steps against service tax evaders, including attachment of property. A Finance Ministry official stated that that service tax evasion was growing at an alarming rate of over 70% and that data showed that of the 15 lakh registered service tax assesses… Read More
Auction of Government of India Dated Securities
All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) of (a) 7.99 percent Government Stock 2017 for a notified amount of Rs.3,000 crore (nominal) through a price… Read More
Revenue Deppt. finding 9 lakh assesses who have stopped filing Service Tax Returns
The Revenue Department is trying to locate 9 lakh business entities which have stopped filing service tax returns, with a view to improving collections, meeting Rs 82,000-crore target in 2011-12 and to ascertain whether there is any tax evasion. There are 15 lakh registered service tax payers in the country. According to the Central Board… Read More
Electronic filing of Service Tax returns now mandatory for all assesses
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 43/2011 Service Tax New Delhi, the 25th August 2011 Bhadra 3, 1933 (Saka) G.S.R. 642 (E).- In exercise of the powers conferred by sub-section (1) read with sub-section (2) of… Read More
Appointment of Common Adjudicating Authority for Customs ports for Mumbai, Kandla & Mundra
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.59/2011- Customs (N.T.) New Delhi, dated the 24th August, 2011. S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs… Read More
Customs Notification No. 60/2011 – Amends Notification No. 12/97
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 60/2011 - Customs (N.T.) New Delhi, dated the 24th August, 2011 G.S.R¦..(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act,… Read More
CBEC Continues imposition of definitive anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.80/2011-Customs New Delhi, 24th August, 2011 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/5/2010-DGAD, dated the 1st July,2010, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the… Read More
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