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Archive: 19 May 2009

Posts in 19 May 2009

Narayan Murthy not in favour of Income Tax Exemption for IT Industry

May 19, 2009 1033 Views 0 comment Print

Former Infosys chairman Narayan Murthy gives his views on a wide range of topics and opines that the IT industry should not be given any tax exemptions. Excerpts from the interview: Q: How do you see this government coming back with such a clear majority? Murthy: Indian voter has voted for stability and has recognised […]

Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009

May 19, 2009 1580 Views 0 comment Print

Every member, who is directly or indirectly interested in any matter coming up for consideration at a meeting of the Committee, shall disclose the nature of his interest at such meeting and such disclosure shall be recorded in the proceedings of the meeting of the Committee and such member shall not take part in any deliberation of the Committee with respect to that matter.

Notification No. 53/2009- Customs (N.T.) Dated: 19.05.2009

May 19, 2009 472 Views 0 comment Print

In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 49/2005-Customs (N.T.) published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.410(E)dated the17th June, 2005, namely.

Amends principal Notification No. 39/2005-Customs (N.T.), Dated: 13.05.2005

May 19, 2009 259 Views 0 comment Print

In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of Government of India, Ministry of Finance, Department of Revenue, No. 39/2005-Customs ( N.T.) published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.307(E), dated the 13th May, 2005, namely.

Cold response to new LLP Act, Only 10 Firm Registered in one Month

May 19, 2009 643 Views 0 comment Print

A month after the government allowed registration of Limited Liability Partnerships, only 10 firms have availed this new form of doing business that provides advantages of a partnership firm and also a corporation. This is because the government is yet to notify key sections (Sections 55 to 58) of the law that would enable conversion of […]

Notification No. 12/2009 – Central Excise (N.T); Dated: 19.05.2009

May 19, 2009 379 Views 0 comment Print

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.305(E) dated the 13th May, 2005, namely.

Notification No. 11/2009 Central Excise (N.T.); Dated: 19.05.2009

May 19, 2009 322 Views 0 comment Print

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 24/2005-Central Excise (N.T.),

Courier Services been used to evade tax, Police seized 90 Lakh

May 19, 2009 394 Views 0 comment Print

Mumbai: Investigations into the seizure of Rs 90 lakh during nakabandi by the MRA Marg police last week have revealed that the money was sent by commission agents who ran a courier service. The money was sent from Latur and Nanded to Mumbai. The seized cash belonged to small-time businessmen who had given the money to […]

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