rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act.
AND WHEREAS the Board has received representations about undue hardship which may be caused by insistence on strict compliance with the above time limit in respect of certain specified investors whose promoters or directors are persons resident outside India
Provided that in case of acquisition of shares or voting rights or control in a target company where the public shareholding is below the limit specified for the purpose of listing on continuous basis in terms of the Listing Agreement with the stock exchange,
Whether the obligation to register a transfer of shares within a particular period of time was mandatory or directory? Whether the company can cancel or reject the transfer where stamps on transfer form were not defaced or canceled?
The Government issues Public Notice No. 39, updating DEPB rates under the Foreign Trade Policy 2004-09 and Handbook of Procedures, dated 30th December 2004.
