"23 October 2008" Archive

Notification No. 50 (RE-2008)/2004-2009, Dated: 23.10.2008

Notification No. 50 (RE-2008)/2004-2009 (23/10/2008)

Import permitted freely provided cif value is US $ 50 & above per square metre except, in case of import of the product from Nepal. However, the said exemption shall be applicable only on such imports, which have been processed/ manufactured out of marble mined in Nepal. The facility will not be available on products which have been manuf...

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Notification No. 49 (RE-2008)/2004-2009, Dated: 23.10.2008

Notification No. 49 (RE-2008)/2004-2009 (23/10/2008)

The importer shall furnish quarterly returns of the quantity and value of the imports made by him to the Ministry of Finance for the quarters ending 30th June, 30th September, 31st December and 31st March of each financial year, within 30 days of the close of the quarter concerned....

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Corporate Governance in listed Companies–Clause 49 of the Listing Agreement

SEBI/CFD/DIL/CG/2/2008/23/10 (23/10/2008)

All Stock Exchanges are further advised to communicate to SEBI, status of implementation of the requirements of this circular in their quarterly report for the quarter ended March 31, 2009....

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SEBI : Foreign investments in infrastructure companies in securities markets

MRD/DSA/SE/Dep/Cust/CIR-30/08 (23/10/2008)

whereby the policy decision of the Government of India regarding foreign investments in infrastructure companies in securities markets, viz. stock exchanges, depositories and clearing corporations was communicated....

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Notification No. 81/2008-Income Tax Dated 23/10/2008

Notification No. 81/2008-Income Tax (23/10/2008)

Notification No. 81-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E) dated 23rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 21, ext...

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Now CS, Cost Accountant and Others Can Be a Partner with CA

Institute of Chartered Accountants of India has issued a notification no. Na.1-CA(7)/116/ 2008 dated 25-9-2008 incorporating various amendment to the Chartered Accountants Regulations, 1988.There are 16 amendments to the regulations. One of the major amendments is provisions relating to multidisciplinary partnership firm....

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Posted Under: DGFT |

DCA Proposes To Enable Companies to Hold the Board Meetings through Electronic Means

The Department has received proposals to allow such meetings and it has held extensive consultation with various shades of opinion. It also asked the Institute of Company Secretaries to examine this matter and to organize consultation with companies and other stake holders. Finally, the Department has decided to allow such meetings of the...

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Posted Under: DGFT |

Sebi Removes Cap on Debt-Equity Investment Ratio for FIIS

SEBI has removed the restriction of the 70:30 ratio of investment in Indian equity and debt by FIIs. The removal is with immediate effect, said a statement from SEBI on Thursday. The necessary amendments to the regulations will be made in due course.This is to give flexibility to the FIIs to help avail themselves of the increased cumulati...

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Posted Under: DGFT |

Certificate Course On International Financial Reporting Standards – ICAI

The International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB) are gaining recognition as Global Reporting Standards. The Council of the Institute of Chartered Accountants of India, while appreciating the emerging diversities and complexities in the world of accounting and the need for kno...

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Posted Under: DGFT |

Remove VAT on Perishable Goods, Centre Tells States

Union Minister of State for Food Processing Industries Subodh Kant Sahai today urged the states to remove Value Added Tax (VAT) on perishable goods and peg it below four per cent on non-perishable items to encourage food processing industry. Around 15 companies have already brought in 106.4 million US dollar foreign direct investments int...

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Posted Under: DGFT |

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