"May, 2009" Archive - Page 24

Clarification regarding applicability of 36 months Export Obligation Period (EOP) under Duty Free Import Authorisation (DFIA) Scheme

Policy Circular No. 86 (RE-2008)/2004-2009 04/05/2009

Attention is invited to Public Notice Nos. 151 dated 26th February, 2009, 160 dated 6.3.2009, wherein the original Export Obligation Period (EOP) under the Advance Authorisation Scheme was increased to 36 months from the earlier original EOP of 24 months. Further, it was clarified vide Policy Circular No. 80 dated 13.4.09 that the said f...

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Amends notification No. 96/2008-Customs, Dated: 13.08.2008

Notification No. 45/2009-Customs 04/05/2009

further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008...

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Income Tax Department unearth penny stock scam worth 10000 cr?

The income tax (I-T) department has detected a racket of money laundering through the secondary market, the first estimates of which show a whopping Rs 10,000 crore at stake at the national level. Though the `penny stock’ scam has been detected among traders of Chikpet locality in the heart of Bangalore, I-T officials do not [&helli...

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Posted Under: DGFT |

Media cannot be restrained from reporting confidential information of a company

The Delhi High Court has held that the media cannot be restrained from reporting confidential information of a company pertaining to its up coming projects and dealings with other companies. “In the case of a corporate entity, unless the news presented is of such a sensitive nature that its business or very existence is threatened [...

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Posted Under: DGFT |

Govt may exempt partnership firms & companies from stamp duty

The government may exempt partnership firms and limited companies from paying stamp duty while converting into limited liability partnerships (LLPs), a way of doing business that is favoured globally for its flexibility. The government will amend the Income Tax Act later this year to provide a tax regime for LLPs, which are being incorpor...

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Posted Under: DGFT |

Sebi may ask small companies to pay a lumpsum fee for listing

The Securities and Exchange Board of India (Sebi) may have finally found the solution to deal with companies defaulting on payment of listing fees. The market regulator is considering a proposal, whereby companies below a certain threshold of paid-up capital will be asked to make a one-time lumpsum payment to the stock exchanges, on which...

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Posted Under: DGFT |

The government plans to bring out yet another clarification to exclude banks from the purview of its revised foreign investment norms

01/01/1970

Another Press Note or a clarification could be issued to make clear that the government will ensure that sectors such as multi-brand retail, agriculture, lottery and atomic energy, where foreign investment is prohibited, will be kept out of the reach of even indirect foreign investment....

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Posted Under: DGFT |

Wipro develops software that switches off computer automatically

Don’t get annoyed if your destop throws a question at you: “At what time can I retire for the day? Some 56,000 desktops in Wipro have been asking this question for a couple of months daily at around 4.30 pm. The company has developed a special software programme and installed it on these workstations. It […]...

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Posted Under: DGFT |

Exclusively Structured Campus Placement Programme for Small and Medium Chartered Accountancy Firms

The Institute of Chartered Accountants of India (ICAI) is pleased to welcome Small and Medium Chartered Accountancy Firms to the forthcoming Campus Placement Programme, Exclusively Structured for Small & Medium Chartered Accountancy Firms for newly qualified Chartered Accountants. It is now been more than a decade that the placement p...

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Posted Under: DGFT |

No change in Examination schedule of Examinations to be held from 1st June to 15th June, 2009: ICAI

The Examination Department has been receiving enquiries from various candidates/parents/members regarding change in the schedule of holding the Professional Education-II, Professional Competence Course (PCE) and Final Examination and also Post Qualification Courses in Management Accountancy Course (MAC Part-I), Corporate Management Course...

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Posted Under: DGFT |

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