The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.118(E), dated the 1st March, 2002 and was last amended by notification No. 21/2008-Customs, dated the 1st March, 2008 which was published in the Gazette of India, Extraordinary vide number G.S.R.120(E), dated the 1st March, 2008.
The principal notification was published in the Gazette of India, Extraordinary, vide Notification No. 59/2005-Customs (N.T.), dated the 20th July, 2005 vide number S.O. 1037(E), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub section (ii), dated the 20th July, 2005.
SEBI vide circular dated December 20, 2007 had specified the broad framework for short selling by institutional investors and a full-fledged securities lending and borrowing scheme for all market participants.
Import of items under Exim Codes 25151100, 25151210, 25151220, 25151290, 68021000, 68022110, 68022120, 68022190, 68022200, 68029100, 68029200 from Sri Lanka under the India-Sri Lanka Free Trade Agreement (ISFTA) is allowed only through the Port of Kolkata.
To begin with, from April 21, 2008, all institutional trades in the cash market would be margined on a T+1 basis with margin being collected from the custodian upon confirmation of the trade.
Notification No. 44-Income Tax It is hereby notified for general information that the organization Gujarat Institute of Development Research, Ahmedabad, has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2004 in the category
Notification No.43-Income Tax It is hereby notified for general information that the organization Sir Hurkisondas Nurrotumdas Medical Research Society, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5D of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2006 in the category
While necessary advice in this regard is already being given to Mutual Funds at the time of filing of draft offer documents, AMCs are hereby advised to make necessary disclosures in this regard in the draft offer documents filed with SEBI.
In exercise of powers conferred by Section 14 of Customs Act, 1962 (52 of 1962), the Board hereby makes the following amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 10/2008-CUSTOMS(N.T.), dated the 26th February, 2008 [S.O. 379 (E)] namely.
In order to provide more opportunities to eligible audit firms, the existing cycle of four years of continuous statutory central audit in PSBs with compulsory rest of two years will be reduced with prospective effect to a cycle of three years of continuous statutory central audit with compulsory rest of two years. This will be effective from 2006-07 in respect of SCAs appointed in 2006-07 and onwards. The existing continuing auditors will be allowed to complete their four years’ cycle after which they will be rested for a period of two years. The appointment of SCAs will be made on an annual basis, subject to their fulfilling the eligibility norms prescribed by RBI from time to time and also subject to their suitability.
