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Archive: 1993

Posts in 1993

SEBI : Implementation of BMC

December 7, 1993 463 Views 0 comment Print

This has reference to the discussions at the Presidents/ED’s meeting of the stock exchanges with Chairman, SEBI on 24.11. 93. It may be recalled that it was agreed during that meeting that the base capital norm enumerated in the capital adequacy norms circulated by SEBI will be fulfilled by 10.12.93.

Notification No. S.O.934(E) – Income Tax Dated 6/12/1993

December 6, 1993 531 Views 0 comment Print

Notification No.S.O.934(E) – Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Commonwealth Equity Fund Mutual Fund set up by the Canara Bank, being a corresponding new bank under column (2) of the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act

Notification No. S.O.933(E) – Income Tax Dated 6/12/1993

December 6, 1993 414 Views 0 comment Print

Notification No.S.O.933(E) – Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Indbank Offshore Mutual Fund set up under a trust deed dated June 27, 1993, by the Indian Bank, a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act

Somaiya Orgeno Chemicals Ltd. Vs. CIT (1995) 216 ITR 291

December 3, 1993 904 Views 0 comment Print

Under the Ethyl Alcohol (Price Control) Amendment Order, 1971, issued by the Government of India, Ministry of Petroleum and Chemicals and Mines and Metals, dated January 30, 1971, in exercise of the powers conferred by section 18G of the Industries (Development and Regulation) Act, 1951, the Central Government prescribed certain maximum ex-distillery prices of ethyl alcohol as set out therein.

SEBI : Know your client

December 3, 1993 571 Views 0 comment Print

As the process of rounding off to the nearer multiple of 100 may result in the actual allotment being higher than the securities offered, it would be necessary to allow a 10% margin i.e. the final allotment may be higher upto 110% of the size of the actual offering.

Notification No. S.O.10 – Income Tax Dated 24/11/1993

November 24, 1993 504 Views 0 comment Print

Notification No.S.O.10 – Income Tax In exercise of the powers conferred by clause (ix) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Indira Gandhi National Centre for Arts, New Delhi, for the purpose of the said sub-clause for the assessment years 1995-96 to 1998-99

Notification No. S.O.898(E) – Income Tax Dated 23/11/1993

November 23, 1993 504 Views 0 comment Print

Notification No.S.O.898(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10 year 9% per cent. (tax-free) Secured Redeemable Non-convertible Bonds (G Series bearing distinctive numbers 71900001 to 71970000 aggregating an amount of rupees seven crores) of Rs. 1,000 each, issued

Notification No. S.O.9 – Income Tax Dated 23/11/1993

November 23, 1993 399 Views 0 comment Print

Notification No-S.O.9 – Income Tax It is notified for the general information that M/s. Peerless Abason Finance Limited, 9, London Street, Calcutta–700 017, have been approved by the Central Government as a housing finance company for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1991-92 to 1995-96

SEBI : Regulation Of Transactions Between Clients And Brokers

November 18, 1993 1285 Views 0 comment Print

In case of sales on behalf of clients, Member broker shall be at liberty to close out the contract by effecting purchases if the client fails to deliver the securities sold with valid transfer documents within 48 hours of the contract note having been delivered

Notification No. S.O.873(E) – Income Tax Dated 8/11/1993

November 8, 1993 795 Views 0 comment Print

Notification No.S.O.873(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 10 years-9 per cent. (tax-free) Secured Redeemable non-convertible Bonds (E Series 5th issue bearing distinctive numbers E 2800001 to E 3800000 aggregating to an amount of rupees one hundred crores) of

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