"January, 1993" Archive

Guidelines on Entry of New Private Sector Banks

For well over two decades, after the nationalisation of 14 larger banks in 1969, no banks have been allowed to be set up in the private sector. Progressively, over this period, public sector banks have expanded their branch network considerably and catered to the socio-economic needs of large masses of the population, especially the weake...

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Posted Under: Fema / RBI |

Circular No. 643-Income tax dated 22-1-1993

Circular No. 643-Income tax (22/01/1993)

Circular No. 643-Income tax Section 194A of the Income-tax Act, 1961 requires any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident, any income by way of inter­est, other than interest on securities, to deduct income-tax at the prescribed rate thereon, at the time of credit of such ...

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Notification No. S.O.258 – Income Tax Dated 19/1/1993

Notification No.S.O.258 - Income Tax (19/01/1993)

Notification No.S.O.258 - Income Tax In exercise of the powers conferred under clause (a) of sub-section (2) of section 119 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby orders that...

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SEBI : Contract notes, margins, timely settelement

Ref.SMD-I/1509 (14/01/1993)

In this connection, we have been requested by the Ministry of Finance to send them immediately a detailed report on the progress made by the stock exchanges on implementation of these directives. As SEBI has issued fresh directives vide its letter SMD-II.11615/92 dated 20.11.92, ...

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SEBI: (Portfolio Managers) Regulations, 1993

Notification No. SEBI/LE/92/III (07/01/1993)

Provided that, before rejecting any such application, the applicant shall be given an opportunity to remove within the time specified such objections as may be indicated by the Board....

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SEBI : Report of Expert Committee on Fees

SMD/SED/1430/93 (07/01/1993)

This has reference to our letter Ref.No.11969 dated November 30, 1992 regarding payment of fees by member brokers of the Stock Exchanges. During the meeting of Stock Exchange Presidents with the Chairman, SEBI, certain questions were raised requiring clarifications on the calculation of turn-over for the purpose of payment of fees under t...

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Notification No. S.O.18(E) – Income Tax Dated 5/1/1993

Notification No.S.O.18(E) - Income Tax (05/01/1993)

Notification No.S.O.18(E) - Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies MTNL 7-years 17 percent. (Taxable) Secured Redeemable Non-Convertible Telephone Bonds, 1992 (6th Series), issued by the Mahanagar Tel...

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