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Archive: 27 March 2001

Posts in 27 March 2001

Free Live Webinar: Dematerialization of Securities and Recent Amendments

July 2, 2024 2025 Views 0 comment Print

Join our free webinar on July 4th at 4:00 PM to gain insights into the dematerialization of securities and recent amendments. Register now for key updates.

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 3960 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

SC Decision on Limitation of Companies Act in case of oppression and mismanagement

March 27, 2001 8477 Views 0 comment Print

Hanuman Prasad Bagri & Ors vs Bagress Cereals Pvt. Ltd. & Ors (SC) Sections 397 & 398 of the Companies Act, 1956 [hereinafter referred to as the Act] was filed before the Calcutta High Court on grounds of oppression and mismanagement. The learned Company Judge held that the Petitioners grievance in regard to ouster from the management of the company is legitimate and justified; that respondent No.3 had manoeuvred the matters in such a manner to result in the ouster of the Petitioner No.1 from the management of the Company.

Notification No. 14/2001-Customs (N.T.), dated: 27.03.2001

March 27, 2001 412 Views 0 comment Print

In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/2001-NT-Customs, [S.O.160(E)] dated the 23rd February, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st April, 2001.

Notification No. 13/2001-Customs (N.T.), dated: 27.03.2001

March 27, 2001 325 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.4/2001-NT-Customs, [S.O.159(E)] dated the 23rd February, 2001 the Central Government hereby.

Notification No. 14/2001-Central Excise (N.T.) Dated 27-3-2001

March 27, 2001 376 Views 0 comment Print

In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.397/86-Central Excise, dated the 26th August 1986

Notification No. 13/2001-Central Excise (N.T.) Dated 27-3-2001

March 27, 2001 427 Views 0 comment Print

In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, the Central Government hereby specifies SEEPZ Special Economic Zone, Mumbai in the State of Maharashtra as a free trade zone

Notification specifies Kandla Special Economic Zone, as a “free trade zone”. (Superseded vide Notification No. 62/2001-C.E. (N.T.), dated 13-9-2001)

March 27, 2001 700 Views 0 comment Print

In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, the Central Government hereby specifies Kandla Special Economic Zone

Notification specifies Surat Special Economic Zone at Surat as a “free trade zone”. (Superseded vide Notification No. 61/2001-C.E. (N.T.), dated 13-9-2001)

March 27, 2001 367 Views 0 comment Print

In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.7/96-Central Excise, (NT), dated the 15th March, 1996 [G.S.R.132(E), dated the 15thMarch, 1996], except as respects things done or omitted to be done before such supercession, the Central Government

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