Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102
To be published in the Gazette of India Extraordinary Part -I, Section-1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No.50 (RE-2010)/ 2009-14 New Delhi, the 27th May, 2011 Subject: Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102… Read More
Review of Guidelines on entry of NBFCs into Insurance Business
RBI/2010-11/540 DNBS.PD.CC.No. 221/03.02.002/2010-11 May 27, 2011 All NBFCs Dear sir, Review of Guidelines on entry of NBFCs into Insurance Business Please refer to the circular DNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 issued on Amendment to NBFC Regulations which contains the Guidelines for entry of NBFCs into Insurance Business. In terms of para 2 of the above guidelines,… Read More
Reconciliation of failed transactions at ATMs
RBI/2010/11/547 dated May 27, 2011 The Chairman and Managing Director / Chief Executive Officers ;All Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Please refer to our letter DPSS No. 711 / 02.10.02 / 2008-2009, 1424 / 02.10.02 / 2008-2009 and 101 / 02.10.02 / 2009-2010 dated… Read More
Overseas Direct Investment Liberalisation / Rationalisation
RBI/2010-11/548 Circular No. 69 dated May 27, 2011 All Category - I Authorised Dealer Banks Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time… Read More
MCA clarifies on Body Corporate for section 226(3)(a) of the Companies Act, 1956
General Circular No.30/2011 GOI MCA Dated: 26:05:2011 All the Regional Directors, All the Registrar of Companies Clarification regarding ˜Body Corporate™ for the purpose of section 226(3) (a) of the Companies Act, 1956 The Ministry of Corporate Affairs has received representation from the Institute of Chartered Accountants of India wherein they have stated that under section… Read More
CS Practitioners meet on 30th May on Trade Marks
NIRC of ICSI cordially invitees all its members to attend, Meeting of Company Secretaries in Practice, the topic for the meeting is "Trade Marks". The meeting will be on the 30th May, 2011, Monday at 6PM at ICSI-NIRC Building Auditorium, 4, Prasad Nagar Institutional Area, New Delhi. For further details please contact Executive Officer, NIRC of ICSI Phones… Read More
Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September) for export to EU under CXL Quota
To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 49 (RE-2011)/2009-2014 New Delhi, Dated the 25th May, 2011 Sub: Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September)… Read More
Amendment to Principal Notification No. 51/2008-Customs, dt 21st Apr, 2008
[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. 42 /2011-Customs New Delhi dated the 25th May, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More
Service Tax Regarding Processing for or on behalf of client, in relation to agriculture
Circular No. 143/12/ 2011 ST F.No.332/37/2010-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit North Block, New Delhi 26th May, 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… Read More
New Form No. 23D – Information by Cost Auditor to Central Government
Companies(Central Government's) General Rules and Forms (Second Amendment) , 2011 - New Form No. 23D inserted effective from 29-05-2011 Following earlier notifications by the MCA for appointment of cost auditors, the said form seeks to amend the existing form 23D for information of appointment of Cost Auditor in Companies Read More
Revision of Form No. 8 and 17 Companies Act effective from 29-05-2011
Companies(Central Government's) General Rules and Forms (Amendment), 2011 - revision of Form No. 8 and 17, effective from 29-05-2011 New forms 8 and 17 notified w.e.f. 29th May, 2011 Read More
Govt. to connect five lakh villages with broadband in two years
The Government is expected to connect five lakh villages with the internet broadband services under the National Optical Fibre Network (NOFN) in next two years. "We have setup a high powered committee, Sam Pitroda is heading the committee, co-chaired by Nandan Nilekani. I am told by Sam Pitroda that he will try and implement the… Read More
FDI in Defence Production : No consensus on the issue
A year after the Industry Ministry put out a discussion paper on increasing foreign direct investment in defence production to 74 per cent,it has not been able make a concrete proposal for the Cabinet. "Defence is a strategic subject. There have been brainstorming sessions. There has been no formal proposal which has been moved," Commerce… Read More
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