"29 July 2010" Archive

ICSI Council and ICSI Regional Council Elections – 2010

The following booths are proposed to set up for the elections. The members eligible to vote in terms of Rule 5 of the Company Secretaries (Election to Council) Rules, 2006 (the Rules) may send their options in terms of Clause 3 of Schedule 2 of Rule 6 to the Rules by 31st August, 2010 for a particular booth in cities/ town located in New...

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Posted Under: CA, CS, CMA | ,

Mainstreaming Stakeholder Participation for Inclusive Growth and Development of Indian Corporate Sector

With the economic reforms that were initiated during the 80s and were further given a new direction in the current decade, the Indian corporate sector has been growing at a rapid pace and has become increasingly integrated with the global economy. While the last decade of the previous millennium had witnessed large scale investments by fo...

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Posted Under: CA, CS, CMA |

Bombay High Court stays collection of Service Tax levied on buildings under construction

Maharashtra Chamber Of Housing Industry Vs Union of India (Bombay High Court)

The Bombay High Court has granted an interim stay on collection of Service Tax levied on buildings under construction, following a writ petition filed by the Maharashtra Chamber of Housing Industry (MCHI). Mr Sunil Mantri, President, MCHI, said the chamber had urged the High Court to restrain the respondents (Union Government and others) ...

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SEBI : Notification under regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007

Notification No. LAD-NRO/GN/2010-11/13/13945 (29/07/2010)

(6) The total expenses of the scheme excluding issue or redemption expenses, whether initially borne by the mutual fund or by the asset management company, but including the investment management and advisory fee shall be subject to the following limits...

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SEBI makes PAN Mandatory for Purchase of Shares with effect from August 16, 2010

Circulars No. CIR/MRD/DP/ 22 /2010 (29/07/2010)

In order to ensure better compliance with the Know Your Client (KYC) norms it has been decided that with effect from August 16, 2010 such PAN non-compliant demat accounts shall also be "suspended for credit" other than the credits arising out of automatic corporate actions. It is clarified that other credits including credits from IPO/FPO...

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I-T dept opens Separate counters for senior citizens and women taxpayers, Return will be accepted on 31st July

Office of the Chief Commissioner of Income Tax (CCI-T) has made special arrangements for acceptance of returns from assessees to handle the rush it is likely to witness during the current week. The last day for filing of returns for the assessment year 2010-11 is July 31 (Saturday). The CCI-T has set up special return receipt counters at ...

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Posted Under: CA, CS, CMA |

SC decides to send notices on email to respondents to cut the delay

With the pendency of cases refusing to come down from the 50,000 level, the Supreme Court on Monday decided to experiment with email notices to respondents to cut the delay in the traditional method of serving notices. The traditional method -- registered post with acknowledgement due -- usually takes a long time and mostly results in adj...

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Posted Under: CA, CS, CMA |

Andhra Pradesh High Court posts hearing on bail petition moved by Satyam Computers promoter B Ramalinga Raju to August 5

The Andhra Pradesh High Court on Wednesday posted the hearing on a bail petition moved by B Ramalinga Raju, prime accused in the multi-crore Satyam Computers accounting scam, to August 5. The company's former chairman moved the petition exactly one week after the same court granted bail to five of his co-accused. He requested the court to...

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Posted Under: CA, CS, CMA |

Supplementary Study Paper-2010 on Direct Tax Laws and Indirect Tax Laws for Students of CA Final Course [Relevant for May 2011 and November 2011 examinations]

The Supplementary Study Paper is an annual publication, containing a discussion of the amendments made by the Annual Finance Act and Notifications/Circulars in income-tax, wealth-tax, central excise, customs and service tax laws. This publication is very important for updating your knowledge regarding the latest statutory developments in ...

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Posted Under: CA, CS, CMA |

Customs Circular No 23/2010, 29-07-2010, Regarding disposal of claims in respect of cases where assessments are provisional

Circular No.23/2010-Custom Duty (29/07/2010)

Your kind attention is invited to the Notification No.102/2007-Customs dated 14.9.2007, Notification No.93/2008-Customs dated 1.8.2008 and Board’s Circulars No. 6/2008-Customs dated 28.4.2008, No.16/2008-Customs dated 13.10.2008, No.6/2009-Customs dated 9.2.2009 and No.18/2010-Customs dated 8.7.2010 containing instructions on the proced...

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