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 facility had been extended for all Advance Authorisations which are within 36 months from the date of issuance of the authorisation, as on 26-2-2009 or thereafter.
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
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 […]
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 […]
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 incorporated from […]
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 […]
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.
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 […]
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 programme for newly qualified CAs has […]
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 (CMC Part-I) and Tax Management Course (TMC Part-I), Insurance and Risk Management (IRM) and […]
