Q. What is Easy Exit Scheme (EES), 2010? A. “Easy Exit Scheme, 2010” is a scheme to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956.
The Corporate Affairs Ministry has termed the Supreme Court verdict disallowing civil servants belonging to the Indian Corporate Law Service (ICLS) from being members of the proposed National Company Law Tribunal (NCLT) as “disappointing.” The Ministry indicated that the matter may go back to a Constitution Bench of the apex court for a review.
The Centre has not closed the window for issuing warrants and partly-paid shares to non-residents even as the recently announced consolidated FDI policy framework excluded these instruments from the definition of “capital”, a senior Government official said.
The government has decided to allow Indian companies to freely enter into share-swap deals with foreign firms to facilitate cross-border mergers and acquisitions, provided such deals are consistent with the country’s policy on foreign direct investment (FDI).
CBDT Press Release No. 402/92/2006-MC (27 of 2010) The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No. 41/2010; SO No. 1261(E) dated 31.05.2010. The amended rules will apply only in respect of tax deducted on or after 1st day of April 2010.
Notification No. G.S.R. 455(E), In exercise of the powers conferred by Explanation to sub-section (2) of Section 18A of the Central Sales Tax Act, 1956 (74 of 1956), the Central Government hereby appoints the 1st June, 2010 as the appointed day for the purposes of the said sub-section(2) of Section 18 of the said Act.
In view of the forthcoming Commonwealth Games, Delhi – 2010, and in order to encourage growth of budget accommodation of the Approved / Licensed Guest Houses in the NCT of Delhi, the Ministry of Tourism has introduced a “Interest Subsidy Scheme for the Upgradation of Guest Houses” in the NCT of Delhi.
As you are aware, the Institute of Chartered Accountants of India (ICAI) was established on 1st July, 1949 for regulating the profession of Chartered Accountants in India. The Chartered Accountants Act, 1949 provides for the framework/scheme of regulation of the profession. The manner (including the procedure) in which such a regulation should be operational had been dealt with in the Chartered Accountants Regulations framed under the said Act.
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Cheenai, Indore, Kolkata, Mumbai and Thane some of the candidates have been allotted examination Centres in other Zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular Zone of the City opted by them.
The Central Bureau of Investigation (CBI), which hopes to complete the probe into the 2G Spectrum case within a year, has roped in the Comptroller and Auditor General (CAG) to help ascertain the alleged financial irregularities in distribution of new licenses and spectra in 2008 at prices fixed in 2001.
