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Archive: 14 May 2010

Posts in 14 May 2010

10 steps to Register a Company in India

May 14, 2010 14831 Views 0 comment Print

The steps of registering a company in India are as under: Step 1 – Acquire director identification number (DIN) by filling Form DIN-1. The temporary DIN is immediately issued which must then be printed, signed and sent to RoC for its consent along with the identity and address proofs.

Government planning bill to ensure 25 percent representation of workers on the board of directors

May 14, 2010 447 Views 0 comment Print

The United Progressive Alliance government has initiated a move to revive a 20-year-old controversial bill which seeks to give representation to workers on company boards. As a first step, Union Labour Secretary Prabhat Chaturvedi met human resource directors and other senior officials of 12 ‘Navratna’ PSUs in Delhi .

Notification No. 39 / 2010 – Customs (N.T.)- Appoints Common Adjudicating Authority in the case of Shri Sachin Dhanraj Jain

May 14, 2010 571 Views 0 comment Print

Notification No. 39/2010 – Customs (N.T.) the words, brackets, letters, and figures “ for the purpose of adjudicating the matters relating to Show Cause Notices pertaining to Shri Sachin Dhanraj Jain (Proprietor), M/s. Shree Vikran Overseas, 3, Govind Building, Opposite Heritage Hotel, Aary Road, Goregaon (East), Mumbai – 400063 and others issued vide, F.No. DRI / MZU/G/INV-07/05-06, dated the 13th May, 2008 and Shri Kamlesh J. Sharma (Proprietor), M/s Dev Texpro, No. 110, 1st Floor, Latifabad No. 3, Lucky Star, Jiravbai Sadia Road, Parel (E), Mumbai – 400012 and others issued vide, F.No. DRI / MZU/G/INV-08/05-06”, shall be substituted.

Notification No. 41/2010 – Customs (N.T.) – Amends Notification No. 72/2009-Customs (N.T.), dated the 30th June, 2009

May 14, 2010 325 Views 0 comment Print

Notification No. 41 / 2010 – Customs (N.T.)- Central Board of Excise and Customs hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), number 72/2009-Customs (N.T.), dated the 30th June, 2009, namely:- In the said notification, for the words and brackets “Commissioner of Customs (Adjudication), Delhi”, the words and brackets, “Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi” shall be substituted.

Notification No. 40/2010 – Customs (N.T.)- Amends notification No. 93/2008-Customs (N.T.), dated the 25th July, 2008 regarding Common Adjudicating Authority

May 14, 2010 280 Views 0 comment Print

Notification No. 40/ 2010 – Customs (N.T.) Central Board of Excise and Customs hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) number 93/2008-Customs (N.T.), dated the 25th July, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1852 (E), dated the 25th July, 2008, namely:- In the said notification, for the words and brackets, ‘Commissioner of Central Excise (Adjudication), Chennai’, the words and brackets, ‘Commissioner of Customs (Seaport-Import), Chennai’ shall be substituted.

Notification No. 38/2010 – Customs (N.T.)- Appoints Common Adjudicating Authority in the case of P.P.Exports

May 14, 2010 252 Views 0 comment Print

Jaipur to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs (Export), Nhava Sheva for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s P.P.Exports, M.I.Road, Bata Lane, Jaipur and others, issued vide, F.No. 840/JPR/19-LVI/2008/119-147, dated the 25th January, 2010, by the Additional Director, Directorate General of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

CBDT plans to set up two more central processing centres to improve taxpayer services

May 14, 2010 312 Views 0 comment Print

The Central Board of Direct Taxes plans to set up two more central processing centres (CPC) — one each in Ahmedabad and Faridabad (National Capital Region) — to improve taxpayer service, the CBDT Chairman, Mr S. S. N. Moorthy, said here today.

We are moving towards full rupee float: Reserve Bank of India

May 14, 2010 306 Views 0 comment Print

The Reserve Bank has said the country will continue to move towards capital account convertibility that would provide unfettered freedom to local entities to exchange the rupee with other currencies, after drawing lessons from the global financial crisis.

SEBI imposes Rs 30 lakh fine in Suzlon IPO case

May 14, 2010 465 Views 0 comment Print

Market regulator SEBI today debarred one Chandrakant Amratlal Parekh from dealing in the stock market for one year for his alleged involvement in cornering shares meant for retail investors of Suzlon during its IPO.

Sebi challenges Securities Appellate Tribunal order on Takeover Code

May 14, 2010 333 Views 0 comment Print

The market watchdog Sebi today moved the Supreme Court challenging the decision of the appellate tribunal SAT that held that financial investors like PEs and VCs do not acquire controlling stake in a company by just picking up more equity.

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