To avoid such situations the Companies are advised to mandatorily print the bank accounts details furnished by the Depositories, on the payment instruments. The Depositories and the Stock Exchanges are therefore advised to instruct the companies / issuers accordingly.
It is further advised that at present only some of the companies print the bank account details of the investors on the warrants (payment instrument), for distribution of dividends and other cash benefits etc,. There are some companies, which are not printing the bank account details on the payment instruments. SEBI has also received complaints about fraudulent encashment of the dividend and other cash benefit instruments.
A number of DEPB licences have expired in respect of export of formulations relating to the Product Group – Chemicals and yarn dyed Made ups relating to the Product Group- Textiles, due to differences in interpretation . It has therefore been decided that DEPB relating to S.No 37 and 40 of the Product Group – Chemical (Product Code 62) and S.No 69 and 72 of Product Group – Textiles (Product Code 89) shall be revalidated for a period of 6 months from the date of such endorsement by the licencing authority against submission of a request and TR/ demand draft for Rs 200. However no revalidation shall be granted by the licensing authority in cases where misrepresentation/ fraud has come to the notice of the licensing authority or adjudicating orders have already been passed .
Public Notice No. 49 extends the shipment deadline for coarse grain and maize exports under previous notices to 31 December 2001. Read key export updates.
The Season’s production year mentioned in the para 2 of above Policy Circular may be changed to 2001-2002 instead of the existing 2000-20001. After above modification, the said para 2 shall be read as. It has been decided to allocate a quantity of 10,000 MTs (Ten thousand MTs) of Free Sale sugar out of season’s production (2001-2002) for export to EEC as preferential white sugar quota (2001-2002).
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 32/2001-Central Excise, dated the 28th June, 2001 [G.S.R. 490 (E), dated the 28th June, 2001] and was last amended vide notification No. 41/2001-Central Excise, dated the 21st September, 2001[G.S.R. 683 (E), dated the 21st September, 2000.
In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, except as respects things done or omitted to be done before such amendment, namely :-
The principal notification 19/2001-Customs, dated the 1st March,2001 was published in the Gazette of India, Extraordinary part II Section 3 Sub-section(i) vide GSR.118(E)dated the 1st March,2001 and was last amended by notification No.110/2001-Customs, dated the 23rd October,2001.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 17/2001-Customs, dated the 1st March, 2001 [G.S.R.116 (E), dated the 1st March, 2001] and was last amended by notification No. 112/2001-Customs, dated the 31st October, 2001.
