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Archive: January, 2007

Posts in January, 2007

SEBI : All Mutual Funds Registered with SEBI Association of Mutual Funds in India (AMFI)

January 15, 2007 703 Views 0 comment Print

Provided that any mutual fund which is not in compliance with sub-regulations (3) or (4) as at the commencement of the Securities and Exchange Board of India

Notification No. 4/2007, Dated: 15.01.2007

January 15, 2007 475 Views 0 comment Print

This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients.

Notification No. 1/2007- Central Excise, Dated: 15.01.2007

January 15, 2007 436 Views 0 comment Print

G.S.R. 26 (E)- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 3 of Additional Duties of Excise (Textile and Textile Articles) Act, 1978 (40 of 1978)

Notification No. 2/2007 – Income Tax Dated 11/1/2007

January 11, 2007 721 Views 0 comment Print

Notification No.2 – Income Tax S.O. 37(E).- In exercise of the powers conferred by sub-clause (a) of clause (xvi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Public Deposit Scheme of Housing and Urban Development Corporation Ltd. (HUDCO Bhavan, India Habitat Centre, Lodi Road, New Delhi) for an amount of rupees one

Customs-Coercive action for recovery of arrears

January 10, 2007 712 Views 0 comment Print

The Board has accepted this recommendation of the C&AG. The Board has already issued a detailed circular regarding initiation of coercive action for the recovery of central excise duties under its Circular 788/21/2004-CX dated 25 May 2004 issued from F. No. 208/41/2003-CX.6. The instructions contained in this Circular would apply mutatis mutandis for the recovery of customs arrears as well.

Customs- Monitoring of de novo customs adjudication cases

January 10, 2007 1564 Views 0 comment Print

In case the above time period cannot be observed in a particular case, the adjudicating officer shall keep his supervisory officer informed regarding the circumstances which prevented the observance of the above time frame, and the supervisory officer would fix an appropriate time frame for disposal of such cases and monitor their disposal accordingly.

Customs -Time Limit for adjudication of customs cases related to search/seizures

January 10, 2007 4462 Views 0 comment Print

In case the above time period cannot be observed in a particular case, the adjudicating officer shall keep his supervisory officer informed regarding the circumstances which prevented the observance of the above time frame, and the supervisory officer would fix an appropriate time frame for disposal of such cases and monitor their disposal accordingly.

Time bound disposal of applications for unit set up under EOU/EHTP/STP/BTP scheme-reg

January 9, 2007 487 Views 0 comment Print

The issue of timely disposal of the applications/requests of EOUs has often been raised in Open Houses. Several representations from the EOU exporters have also been received expressing difficulties on account of delayed action on their applications/requests in the field.

Declaration of M/s EDC Limited and M/s Tamil Nadu Power Infrastructure Development Corporation Limited as a Public Financial Institution under section 4A of the Companies Act, 1956

January 9, 2007 889 Views 0 comment Print

the Central Government hereby specifies the following institutions to be public financial institutions and for that purpose makes the following further amendment in the Notification of the Government of India, published in the Gazette of India dated the 13th May, 1978 in Part II,

Companies (Director Identification Number) Amendment rules, 2007

January 9, 2007 538 Views 0 comment Print

– In exercise of the powers conferred by clauses (a) and (b) of sub­section (1) of section 642 read with sections 266A, 266B and 266E of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Director Identification Number) Rules, 2006, namely

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