"August, 2002" Archive

SEBI : Independent Directors on Boards of AMCs and Trustee Companies

MFD/CIR/13/16799/2002 (29/08/2002)

According to Regulation 16(5), an independent trustee should not be associated in any manner with the sponsor. It was clarified to all mutual funds vide SEBI Circular no MFD/CIR/11/354/2001 dated December 20, 2001 that certain categories of persons cannot be considered as independent directors of AMCs and trustee companies....

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General Circular No. 20/2002, dated 29/08/2002

General Circular No. 20/2002 (29/08/2002)

directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action....

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Notification No. 88/2002-Customs, dated: 28.08.2002

Notification No. 88/2002-Customs (28/08/2002)

Notification No.146/94-Customs,dated the 13th July,1994 was published in the Gazette of India Extraordinary vide G.S.R.575(E), dated the 13th July,1994 and was last amended by notification No. 24/2002-Customs,dated the 1st March,2002 G.S.R.121(E) dated the 1st March,2002....

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Possession of valid documents for Indians entering Nepal and prohibition on carrying Indian currency notes of Rs. 500/- denomination in Nepal- reg

Circular No. 55/2002-Custom Duty (28/09/2002)

In order to ensure that Indian nationals entering Nepal are not inconvenienced for the reason of not carrying necessary prescribed documents or for taking prohibited currency notes inadvertently or unknowingly ...

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Notification No. 44/2002-Central Excise dated 28.08.2002

Notification No. 44/2002-Central Excise (28/08/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the erstwhile Ministry of Finance (Department of Reve...

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Notification No. 59/2002-Customs (N.T.), dated: 28.08.2002

Notification No. 59/2002-Customs (N.T.) (28/08/2002)

In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendments in the notification of the Government of India in the erstwhile Ministry of Finance, Department of Revenue, No. 61/94-Customs (N.T.), dated the 21st November, 1994, name...

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SEBI : All Mutual Funds registered with SEBI Unit Trust of India Association of Mutual Funds in India (AMFI)

MFD/CIR/12/16588 /02 (28/08/2002)

SEBI Circular No. IIMARP/MF/CIR/05/788/97 dated April 28, 1997 which inter-alia prescribed the format for statement of movement in net assets / portfolios, to be submitted by the mutual funds on quarterly basis....

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SEBI : Time bound arbitration proceedings

SMD/Policy/Cir-18/2002 (28/08/2002)

"The arbitral tribunal shall make the arbitral award within 3 months from the date of entering upon the reference. The time taken to make the award may not be extended beyond 3 times, by the Managing Director or Relevant Authority ....

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Notification No. 87/2002-Customs, dated: 27.08.2002

Notification No. 87/2002-Customs (27/08/2002)

In exercise of the powers conferred by section 3A of the Customs Tariff Act, 1975 (51 of 1975), read with sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Governm...

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Circular No. 8/2002-Income Tax Dated 27-08-2002

Circular No. 8/2002-Income Tax (27/08/2002)

Circular No. 8 of 2002-Income Tax The Finance Act, 2002, as passed by Parliament, received the assent of the President on 11th May, 2002, and has been enacted as Act No. 20 of 2002. This circular explains the substance of the provisions of the Act relating to direct taxes....

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