"30 July 2010" Archive

Sebi/RBI allows exchanges to introduce currency options on US dollar pairing with rupee

RBI/2010-11/ 147 A.P. (DIR Series) Circular No. 05 (30/07/2010)

Market regulator the Securities and Exchanges Board of India (Sebi) today allowed exchanges to introduce currency options on US dollar pairing with rupee, a development that provides another alternative to corporates for hedging against currency fluctuations....

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SEBI circular on Reporting of OTC transactions in Certificates of Deposit and Commercial Papers

Circular No. CIR/IMD/DF/6/2010 (30/07/2010)

FIMMDA was requested by RBI to set up a reporting platform to capture all OTC transactions in CDs and CPs, pursuant to a decision to introduce a reporting platform for all secondary market transactions in CDs and CPs....

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Income Tax makes arrangement for easy filing of Income tax returns

The Pune Income-Tax office has made elaborate arrangements to reduce inconvenience of tax payers whose last date of filing of return is July 31. As part of this, a ‘return mela’ has been launched on the campus of Income-Tax Lane on Karve Road. ...

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Posted Under: Fema / RBI |

Incomplete TDS certificates issued by deductor delaying Income tax refunds

Many Taxpayers had a tough time getting a refund of the tax deducted against his fixed deposits with public sector banks, as the tax deduction at source (TDS) certificates issued to them by the banks did not mention there permanent account number (PAN). Depositors of banks and post offices — especially pensioners — are put to a lot o...

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Posted Under: Fema / RBI |

Income Tax department fails to issue Income Tax Refund of Rs 1,000 crore to taxpayers

The Income Tax (IT) department in Hyderabad is sitting on a huge pile of cash that it should have returned long ago to those whom the money legitimately belongs: the tax payers. But hiding behind technicalities the department has not bothered to return the money which runs into a whopping Rs 1000 crore....

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Posted Under: Fema / RBI |

ICAI announces Examination Centers, last date for filing forms, date & Schedule of Common Proficiency Test (Paper- Pencil Mode)

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test ( Paper- Pencil Mode) will be held on Sunday, 19th December, 2010 in two sessions as below, at the following centres provided that suffic...

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Posted Under: Fema / RBI |

Important Announcement for students of erstwhile CA Intermediate/ Professional Education – II Course

Students registered for the Professional Education – II Course (PE-II) are hereby informed that the said course has been discontinued by the Institute of Chartered Accountants of India with the culmination of the May, 2010 examination....

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Posted Under: Fema / RBI | ,

Number of Defunct and Inactive Companies as Existing in the Registers of Government

The Government has said that a number of steps have been taken to make the ‘Easy Exit Scheme- 2010’ effective. Giving this information in written reply to a question in the Rajya Sabha, Shri Salman Khurshid, Minister of Corporate Affairs, said that the steps include conducting seminars and workshops involving all stakeholders, to sens...

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Posted Under: Fema / RBI |

De-Registration of inactive Companies

The Government has said that steps have been taken to enumerate or identify such registered companies which are inactive, dormant and have been in such mode for at least last ten years. Stating this in written reply to a question in the Rajya Sabha, Shri Salman Khurshid, Minister of Corporate Affairs, said that many promoters want to de-r...

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Posted Under: Fema / RBI |

Enforcement Directorate set to file cases against Rajasthan Royals and Board of Control for Cricket in India

(30/07/2010)

The Enforcement Directorate is set to file cases against Rajasthan Royals and the Board of Control for Cricket in India (BCCI) after its investigations found violations of foreign exchange rules, an official familiar with the development said....

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Posted Under: Fema / RBI |

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