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Archive: June, 1992

Posts in June, 1992

Notification No. S.O.1953-Income Tax Dated 23/6/1992

June 23, 1992 273 Views 0 comment Print

Notification No. S.O.1953-Income Tax In pursuance of sub-clause (ii) of clause (a) of the Explanation to section 80HHA of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the stage of development (including the extent of and scope for, urbanisation) of the areas concerned and other relevant considerations, specifies the areas shown in column (3) of

The notification exempts T.V. sets and combination thereof from the levy of Additional duty leviable under 5Th schedule to Finance Act 1985

June 19, 1992 337 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (3) of section 44 of the Finance Act, 1985 (32 of 1985), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods specified in the Fifth Schedule to the second mentioned Act from the whole of the additional duty of customs leviable thereon under sub-section (1) of section 44 of the said second Act.

SEBI : Guidelines for public issues, Dated: 18.06.1992

June 18, 1992 9781 Views 0 comment Print

These guidelines will apply to all issues of capital made by companies hereafter. However, those companies holding consents from the controller of Capital Issues granted prior to the promulgation of the Ordinance may proceed with the issues on the terms and conditions contained therein, subject to the requirement that the guidelines now issued by SEBI would also apply to such issues to the extent they are not inconsistent with the terms of the CCI consents.

SEBi : Clarifications on some of points – Guidelines for Disclosures and Investor Protection

June 18, 1992 646 Views 0 comment Print

In respect of further issues, if there are no promoters, the “promoters contribution” will mean contribution by directors, friends, relatives, associates and contribution from them shall not be less than 25% or 20% of the total issue of equity capital as the case may be, with lock-in period of five years.

SEBI : Review of the working of Stock Exchanges

June 17, 1992 256 Views 0 comment Print

Please refer to the circular F.No.4/16/SE/19 dated August 19, 1991 on the above subject issued by the Stock Exchange Division, Ministry of Finance directing the Stock Exchanges to implement certain measures in the interest of long term growth of the Stock market and for ensuring investor protection.

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