Corporate Law Reporter - The Daily Journal

CBEC exempted service provided by certain association of dyeing units from whole of service tax

[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue New Delhi, the 25th July, 2011 Notification No. 42/2011-Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the… Read More

Extending the Reach of Banking Facilities to Villages

As reported by Reserve Bank of India (RBI), there are 28,921 rural centers, where Scheduled Commercial Banks are functioning as on 31st March, 2011. RBI defines a rural population group as those centres which have population of less than 10,000. In order to extend the reach of banking to the rural hinterland, to begin with,… Read More

Prime Minister writes to Shri Anna Hazare

The Prime Minister has written to Shri Anna Hazare on the Lokpal issue. The text of the letter is as follows: Over the last few days, I have watched with increasing concern the state of your health. Despite the differences between the Government and your team, I do not think that anybody is or should… Read More

Simplification and Rationalization of Trading Account Opening Process

CIR/MIRSD/16/2011 All Recognized Stock Exchanges Dear Sirs, Subject: Simplification and Rationalization of Trading Account Opening Process 1. SEBI has been getting feedback from the investors that the present trading account opening procedure is very cumbersome. The investor has to enter into a number of agreements depending on his trading preferences i.e. stock exchanges, segments, internet… Read More

Notification No. 78 /2011 – Amends Notification No. 21/2002-Customs thereby increasing TRQ for Skimmed Milk Powder

[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. 78 /2011 - Customs New Delhi, the 19th August, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962… Read More

Chambers of Commerce – Service tax on fee charged for issuance of Country of Origin Certificate (COOC)

F.No.332/11/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit North Block, New Delhi 19th August, 2011 To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of Service Tax (All), Commissioners of Central… Read More

Circular for Mutual Funds

Cir/ IMD/ DF/13/ 2011 All Registered Mutual Funds/ Approved Asset Management Companies (AMCs) Sir/Madam, Sub: Circular for Mutual Funds A. Transaction charges 1. Please refer to SEBI circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009 regarding empowering investors through transparency in payment of commission and load structure. 2. It… Read More

Installation of Weigh-Bridges at different ports- CBEC

F. No.450/81/2011-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 229 A, North Block New Delhi, dated 18th August, 2011. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs & Central Excise.… Read More

Income Tax deduction from Salaries during the Financial Year 2011-2012

CIRCULAR NO. 05/2011 NEW DELHI, dated 16.08.2011 INCOMETAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOMETAX ACT, 1961 DURING THE FINANCIAL YEAR 2011-2012 Reference is invited to Circular No.08/2010 dated 13.12.2010 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192 of the Income-tax Act, 1961(hereinafter ˜the Act™),… Read More

Customs-Notification No. 58/2011-Amends Notification No. 61/1994

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) (Central Board of Excise and Customs) Notification No. 58/2011-CUSTOMS (N. T.) New Delhi, 19th August, 2011 S. O¦ (E) In exercise of the powers conferred by clause (a) of sub-section (1) of… Read More

Guidelines for dealing with Candidates™ Advertisements ON TV/Cable Channels owned by Political Parties

The Election Commission has been receiving various complaints/references regarding Paid News and advertisements on TV/Cable Channels networks owned by political parties or their functionaries/office bearers during the process of elections, thus disturbing the level playing field, as these are not reflected in the candidate™s election expenses account. The Commission vide its guidelines issued on 8th… Read More

Women Labour Cell

Women Labour Cell: A separate Cell for women labour which was set up in 1975, is functioning in the Ministry to pay special attention to the problems of women labour. The Cell is responsible for the following task: (i) Coordinating effort in respect of Women labour within the policy framework on women drawn by Ministry… Read More

Constitution of the National Social Security Board

GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT New Delhi, Dated 18th August, 2009 NOTIFICATION S.O 2132 (E) - In exercise of the powers conferred by section 5 of the Unorganised Workers™ Social Security Act, 2008 (33 of 2008) read with rule 3 of the Unorganised Workers™ Social Security Rules, 2009, the Central Government hereby… Read More