Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR Committee\'s Al-Qaida Sanctions List
Posted Date : 01-Jun-2012 , 04:26:33 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/580 RPCD.CO.RRB.RCB.AML.No.12165/07.02.12/2011-12
May 30, 2012
The Chairmen / CEOs of all Regional Rural Banks/ State and Central Co-operative Banks
Dear Sir,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267 (1999)/1989 (2011) Committee's Al-Qaida Sanctions List
Please refer to our circular RPCD.CO.RRB.RCB.AML.No.12008/07.02.12/ 2011-12 dated May 25, 2012 . We have since received from Government of India, Ministry of External Affairs, UNP Divisi...
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RBI |
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Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
Posted Date : 01-Jun-2012 , 01:55:28 pm | Posted By: CA. SURESH Kr. AGARWAL
[TO BE PUBLISHED 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. 47/2012 - Customs (N. T.)
New Delhi, 31st of May, 2012
10 Jyaistha, 1934 (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 & Customs, being satisfied that it...
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Custom |
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Seeks to rescind Notfns. 09/2012, 10/2012, 11/2012, 18/2012 and 23/2012 – C.E.
Posted Date : 31-May-2012 , 05:04:12 pm | Posted By: CA. SURESH Kr. AGARWAL
[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)
New Delhi, the 30th May, 2012
Notification No. 27/2012- Central Excise
G.S.R. 409 (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifi...
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Excise |
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Service Tax – How to apply for Settlement of Cases
Posted Date : 31-May-2012 , 04:50:03 pm | Posted By: CA Rahul Mathur
Service tax (settlement of cases) rules, 2012
NOTIFICATION NO. 16/2012-ST, DATED 29-5-2012
In exercise of the powers conferred by clause (j) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as “the Act”), read with sections 31, 32 and 32A to 32P of the Central Excise Act, 1944 (1 of 1944) made applicable to service tax vide section 83 of the Act, 1994, the Central Government hereby makes the following rules, namely:-
1. Short titl...
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Service Tax |
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Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury
Posted Date : 31-May-2012 , 04:49:13 pm | Posted By: CA. SURESH Kr. AGARWAL
[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. 29 /2012-Customs (ADD)
New Delhi, dated the 29th May, 2012
G.S.R. (E) Whereas, the designated authority vide notification No. 15/2/2011-DGAD, dated the 15th April,2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 15th April,2011, had initiated review in terms of sub-sectio...
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Custom |
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Service Tax – How to Apply for Compunding of offence
Posted Date : 31-May-2012 , 04:48:22 pm | Posted By: CA Rahul Mathur
In exercise of the powers conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994)(hereinafter referred to as “the Act”) read with sub-section (2) of section 9A of the Central Excise Act, 1944 (1 of 1944), made applicable to service tax vide section 83 of the Act, the Central Government hereby makes the following rules, namely :
Short title and commencement.
1. (1) These rules may be called the Service Tax (Compounding of Offences) Rules, 2...
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Service Tax |
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import of Aniline originating in, or exported from European Union and imported into India
Posted Date : 31-May-2012 , 04:47:20 pm | Posted By: CA. SURESH Kr. AGARWAL
[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. 30 /2012-Customs (ADD)
New Delhi, dated the 29th May, 2012
G.S.R. (E). – Whereas, in the matter of import of Aniline (hereinafter referred to as the subject goods), falling under sub-heading 292141 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Cu...
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Custom |
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section 25 of the Customs Act, 1962
Posted Date : 31-May-2012 , 04:45:17 pm | Posted By: CA. SURESH Kr. AGARWAL
[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. 38 / 2012- Customs
New Delhi, dated the 29th May, 2012
G.S.R.(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further ame...
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Custom |
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Makes Service Tax (Compounding of Offences) Rules, 2012
Posted Date : 30-May-2012 , 08:38:03 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
(Department of Revenue)
New Delhi, the 29thMay, 2012
Notification No. 17/2012 - Service Tax
G.S.R. (E).-In exercise of the powers conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994)(hereinafter referred to as “the Act”) read with sub-section (2) of section 9A of the Central Excise Act, 1944 (1 of 1944), made applicable to service tax vide section 83 ofthe Act, the Central Government hereby m...
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Service Tax |
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Makes Service Tax (Settlement of Cases) Rules, 2012
Posted Date : 30-May-2012 , 08:36:31 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 16/2012- Service Tax
New Delhi, the 29thMay, 2012
G.S.R. (E). -In exercise of the powers conferred by clause (j) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as “the Act”), read with sections 31, 32 and 32A to 32P of the Central Excise Act, 1944 (1 of 1944) made applicable to service tax vide section 83 of the Act, 1994,theCentral Government h...
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Service Tax |
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Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks
Posted Date : 30-May-2012 , 10:20:28 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/577 RPCD.CO.RCB.BC.No. 78/07.38.01/2011-12
May 28, 2012
All State and Central Co-operative Banks
Dear Sir,
Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks
Please refer to paragraph 104 of the Annual Policy Statement for the year 2010-11 of Reserve Bank of India (extract enclosed).
2. As per the instructions contained in paragraph 11 of circular RPCD.No.RF.DIR.BC.53/D.1-87/88 da...
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RBI |
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COP issued by ICAI etc can be considered as KYC document for proprietary concerns
Posted Date : 29-May-2012 , 11:09:41 pm | Posted By: CASANSAAR
RBI/2011-12/579 DNBS(PD).CC. No 275/03.10.42/2011-12
May 29, 2012
All Non Banking Financial Companies / Residuary Non Banking Companies
Dear Sir,
Know Your Customer (KYC) guidelines - accounts of proprietary concerns
A reference is invited to para 1 and Annex vi of theMaster Circular DNBS (PD) CC No.231/03.10.42/2011-12 dated July 1, 2011on Master Circular – 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) - 'Prevention of Money Launderi...
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RBI |
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MCA:clarification about coverage of certain sectors (SEZ, 100% EOU, Free Trade Zone)
Posted Date : 29-May-2012 , 09:00:48 am | Posted By: Akanksha Handa
clarification about coverage of certain sectors (SEZ, 100% EOU, Free Trade Zone). Click here to see the circular...
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Corporate Laws |
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MCA:Exemption from applicability of cost accounting records rules to the construction industry
Posted Date : 29-May-2012 , 08:58:06 am | Posted By: Akanksha Handa
Exemption from applicability of cost accounting records rules to the construction industry..Click on the link to see the circular.
CLICK TO SEE...
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Corporate Laws |
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Companies (Director Identification Number) Amendment Rules,2012
Posted Date : 29-May-2012 , 07:51:59 am | Posted By: CASANSAAR
Companies (Director Identification Number) Amendment Rules,2012.
Click here to see the Notification...
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Corporate Laws |
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Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules
Posted Date : 24-May-2012 , 09:59:07 am | Posted By: CA. SURESH Kr. AGARWAL
[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. 28/2012-Customs (ADD)
New Delhi, dated the 21st May, 2012
G.S.R.377 (E). -Whereas, the designated authority vide notification No. 15/13/2011-DGAD, dated the 9th April, 2012, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 9th April, 2012, had initiated review, in terms of s...
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Custom |
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Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
Posted Date : 24-May-2012 , 09:58:08 am | Posted By: CA. SURESH Kr. AGARWAL
[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. 44/2012-Customs (N.T.)
Dated the 21st May, 2012
31 Vaisakha, 1934 (SAKA)
S. O…. (E). – In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following amendments in...
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Custom |
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MCA: Guidelines for declaring a financial Insitution as Public Financial Institution under section 4A of the Companies Act, 1956
Posted Date : 24-May-2012 , 09:12:57 am | Posted By: Akanksha Handa
Guidelines for declaring a financial Insitution as Public Financial Institution under section 4A of the Companies Act, 1956...Plz click on the link given below to see the circular:
CLICK HERE TO SEE CIRCULAR...
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Corporate Laws |
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Auction of Government of India Dated Securities
Posted Date : 22-May-2012 , 10:33:52 am | Posted By: CA. SURESH Kr. AGARWAL
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) (a) “8.24 percent Government Stock 2018 for a notified amount of Rs.4,000 crore (nominal) through a price based auction using uniform price method vide Notification No.4(5)-W&M/2012 dated May 21, 2012; (b) &...
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RBI |
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MCA: Changes to name availability guidelines
Posted Date : 21-May-2012 , 09:49:09 am | Posted By: Akanksha Handa
Changes to name availability guidelines
In view of providing better services to its stakeholders and ensuring correctness of names approved through online mode (i.e. through STP mode without backend processing by RoC user), Ministry has decided to provide a facility for verification of such names by the RoC user on a real time basis for immediate action.
Filing of Incorporation documents in respect of such names shall not be allowed as per below timelines:
•...
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Corporate Laws |
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Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies)Rules, 2012
Posted Date : 21-May-2012 , 08:58:17 am | Posted By: Akanksha Handa
Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies)Rules, 2012.....kindly click or go the following link to see the circular....
Click here to see the circular...
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Corporate Laws |
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Compliance of the provisions of Companies Act, 1956 and the Rules made there under
Posted Date : 21-May-2012 , 08:55:02 am | Posted By: Akanksha Handa
F.No.17/146/2011-CLV General Circular No.09/2012
Government of India
Ministry of Corporate Affairs
5th Floor, Shastri Bhavan,
Dr. R.P. Road, New Delhi-110001.
Dated: 15th May 2012
To
All Regional Directors,
All Registrar of Companies,
Subject: Compliance of the provisions of Companies Act, 1956 and the Rules
made there under.
Sir,
The Ministry had issued general circular no. 33/2011 dated 01/06/2011 wherein it was, inter alia, stated that in order to ensure corporate governance a...
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Corporate Laws |
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Testing
Posted Date : 19-May-2012 , 11:08:26 pm | Posted By: CASANSAAR
Can NRIs earn rental income?
An NRI can rent out property that he owns in India. The rent proceeds can be credited to the NRE or NRO account. Rent proceeds received in these accounts can be freely repatriated. If you do not have an NRE or NRO account, the proceeds can also be directly remitted abroad but you would need an appropriate certificate from a chartered accountant certifying that all taxes have been duly paid.
Is rental income taxed in India?
Yes, since this income is earned in I...
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Income Tax |
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LLP: Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012
Posted Date : 18-May-2012 , 09:24:24 am | Posted By: Akanksha Handa
Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012
All LLPs registered upto 30-September-2011 have to mandatorily close the financial year as on 31-03-2012 and file Form-11 by 30-May-2012 and Form-8 by 30- October-2012.LLPs registered from 01-10-2011 to 31-03-2012 have option either to close financial year as on 31-03-2012 or 31-03-2013 and to file Form-8 & 11 accordingly.Please note that if LLP fails to file Form-8 & 11 within time, an additional fees of Rs. 100/...
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Corporate Laws |
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Minisitry of Corporate affairs
Posted Date : 18-May-2012 , 09:22:57 am | Posted By: Akanksha Handa
1. The Ministry is in process of integration of LLP system into MCA-21 in the month of June 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for better e-governance facility for stakeholders, by making necessary changes in e-forms. On post integration, old e-forms of the existing LLP system lying in "Pending User Clarification" (PUCL) status cannot be re-opened.2. LLPs and designated partners are also advised to reopen/ resubmit the LLP form, if any lying ...
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Corporate Laws |
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MCA: Stopping of filing of LLP forms for integration to MCA21 system
Posted Date : 18-May-2012 , 09:18:15 am | Posted By: Akanksha Handa
The Ministry is in process of integrating LLP system into MCA21 in the month of June 2012. After the integration, LLPs will be filing forms at MCA21 website (www.mca.gov.in/MCA21).As a first step towards integration and migration to new system, Form-1 and Form-24 will not be available for filing w.e.f. 21-05-2012 on LLP portal i.e. www.llp.gov.in. Other LLP forms will not be available for filing for a period of approximately 10 days w.e.f. 31-05-2012 during transition to new e-governance set up....
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Corporate Laws |
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Change in Tariff Value of Brass Scrap, Poppy Seeds, Gold and Silver Notified
Posted Date : 16-May-2012 , 06:34:42 pm | Posted By: CASANSAAR
The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds, Goldand Silver as shown in the tables below:
“TABLE-1
S. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value US $
(Per MetricTonne)
(1)
(2)
(3)
(4)
1
...
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Custom |
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Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme - Clarification
Posted Date : 15-May-2012 , 09:55:31 pm | Posted By: CASANSAAR
RBI/2011-12/562A.P. (DIR Series) Circular No. 127
May 15, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign investment in NBFC Sector under the Foreign DirectInvestment (FDI) Scheme - Clarification
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited toA.P. (Dir Series) Circular No.121 dated May 8, 2012.
2. The Reserve Bank of India has been receiving requests for clarifications as to whether ‘operating leases’ would...
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FEMA |
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Filing of Cost Audit Report (Form-I) and Compliance Report (Form-A) in the eXensible Business Reporting Language (XBRL) mode.
Posted Date : 12-May-2012 , 08:42:55 pm | Posted By: CASANSAAR
Filing of Cost Audit Report (Form-I) and Compliance Report (Form-A) in the eXensible Business Reporting Language (XBRL) mode.
Plz click here to Download Circular...
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Corporate Laws |
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Regarding clarification on Rate of Tax
Posted Date : 10-May-2012 , 07:28:15 am | Posted By: CASANSAAR
Circular No. 158/9/ 2012 – ST
F.No354/69/2012- TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
Room No 146, North Block, New Delhi
Dated :8thMay 2012
To
Chief Commissioner of Customs and Central Excise (All)
Chief Commissioner of Central Excise & Service Tax (All)
Director General of Service Tax
Director General of Central Excise Intelligence
Director General of Audit
Commissioner of Customs and ...
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Category :
Service Tax |
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