The Committee constituted by SEBI to examine the issues relating to obtaining Unique Identification Number (UIN) under SEBI (Central Database of Market Participants) Regulations, 2003 (MAPIN) has submitted its report which has been placed on the SEBI website for public comments.
The issue pertains to classification of an item described as “mobile pen”. The item in question comes packed in a typical pen box, is supplied along with cable for connecting the device to the personal computer, spare refill (ball point) and a CD containing the mobile pen driver software. In terms of functionality, it comprises/combines the following three functions:
G.S.R. 450(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 620A of the Companies Act, 1956 (1 of 1956), the Central Government hereby‑(i) Declares the following companies to be Nidhis subject to the directions specified in the notifications of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs
Notification No.181/2005 – Income Tax In exercise of the powers conferred by section 295 read with clause ( d) of proviso to clause (5) of section 43 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
