"February, 1998" Archive

SEBI : Nominee Directors on the Governing Board of Stock Exchange

SMD/POLICY/CIR-09/98 (24/02/1998)

Governing Board members falling in the category (ii) shall be called as "SEBI Nominee". Exchanges are advised to ensure that the correct terminology is used in all the documents/correspondence/Annual Report....

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Customs Notification/ Circular etc. to contain – Running Serial Numbers

Circular No. 4/98-Custom Duty (23/02/1998)

It has been brought to the notice of the Board that many a times the instructions/ clarification issued by the Board are not received by the field formations. A number of complaints have also been received in this regard...

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SEBI : REGISTRATION OF BROKERS

SMD/Policy/CIR- 8/98 (23/02/1998)

Recently we have come across certain cases while granting registration to brokers, where investor complaints were pending for long gainst the transferor members. In accordance with Rule 4(e) of SEBI Stock-...

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Circular No. 377/10/98-CX Dated 20/2/1998

Circular No. 377/10/98-CX (20/02/1998)

Circular No. 377/10/98-CX I am directed to refer to the notification No. 61/97-CE(NT) dated 11.12.97 whereby, inter alia, sub-rule (3) and sub-rule (4) of Rule 173H have been amended. Now, it is provided that under sub-rule (3), the Chief Commissioner will grant permission by special or general order a...

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Circular No. 764-Income Tax Dated 20-2-1998

Circular No. 764-Income Tax (20/02/1998)

Circular No. 764-Income Tax References have been received as to whether the transport allowance granted to the Central Government employees on the recommendations of the Fifth Central Pay Commission forms part of taxable salary for the purposes of deduction of tax at source....

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Circular No. 376/9/98-CX Dated 19/2/1998

Circular No. 376/9/98-CX (19/02/1998)

Circular No. 376/9/98-CX Representations have been received from the EHTP Units through the Department of Electronics that there is inordinate delay in rewarehousing the import consignments by the excise ranges. It has been represented that the excise ranges take almost a day in -re warehousing the bonded goods from the port of import to...

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Notification No. S.O. 136(E)-Income Tax Dated 19/2/1998

Notification No. S. O. 136(E)-Income Tax (19/02/1998)

Notification No. S.O. 136(E)-Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to the Redecon Australia Private Limited, a foreign company having its office at 100, Christie Street, St. Leonards, NSW, Australi...

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Circular No. 375/8/98-CX Dated 18/2/1998

Circular No. 375/8/98-CX (18/02/1998)

Circular No. 375/8/98-CX Requests have been received from the Ministry of Commerce as well as from the Trade that Notification No. 2/95-CE dated 4.1.95 should be amended, doing away with the requirement of a certificate to be issued by the Development Commissioner in terms of the 4th proviso of the notification. This certificate is regar...

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Circular No. 763-Income Tax Dated 18/2/1998

Circular No. 763-Income Tax (18/02/1998)

Circular No.763 - Income Tax In respect of incomes of all categories of taxpayers (corpo­rate as well as non-corporate) liable to tax for the assessment year 1997-98, the rates of income-tax (including surcharge there­on in the case of domestic companies) have been specified in Part I of the First Schedule to the Act. These rates are t...

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Circular No. 762-Income Tax Dated 18/2/1998

Circular No. 762-Income Tax (18/02/1998)

Circular No.762 - Income Tax In respect of incomes of all categories of taxpayers (corporate as well as non-corporate) liable to tax for the as­sessment year 1996-97, the rates of income-tax (including sur­charge thereon in the case of domestic companies) have been specified in Part I of the First Schedule to the Act. These rates are th...

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