"02 November 2010" Archive

Public Notice No. 14 /2009-2014 (RE 2010), Dated:02.11.2010

Public Notice No. 14 (RE-2010)/2009-14 02/11/2010

In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that value addition (VA) is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the advance authorization, whichever is higher. ...

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Export Turnover under section 10B and non excludability of Expenses incurred in foreign currency on onsite computer software development at the client

M/s Zylog Systems Limited Vs The Income Tax Officer (ITAT Chennai)

(a)Expenses incurred in foreign currency on onsite computer software development at the client's place outside India should be excluded from export turnover; and (b)Export proceeds utilized outside India for expenses relating to exports should be excluded from export turnover as a non-qualifying export turnover....

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SEBI – Portfolio Managers – Clarification on minimum investment amount by clients, performance of portfolio and schemes

Circular No. IMD/DF/16/2010 02/11/2010

This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 39 of the SEBI (Portfolio Managers) Regulations, 1993, to protect the interests of investors in securities and to promote the development of, and to regulate the securi...

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