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Archive: 2010

Posts in 2010

Government raises Interest on PF rate to 9.5 per cent

September 17, 2010 1016 Views 0 comment Print

Union Minister of Labour & Employment, Shri Mallikarjun Kharge Chaired the 190th Meeting of the Central Board of Trustees (EPF) in New Delhi CBT decides to increase the rate of interest to be credited to EPF members accounts for the year 2010-11 to 9

RBI raises key short-term lending and borrowing rate to control inflation

September 17, 2010 357 Views 0 comment Print

The Reserve Bank on Thursday raised its key short-term lending rate by 25 basis points and borrowing rate by 50 basis points to check rising prices. “Inflation remains the dominant concern in macroeconomic management”, RBI said while raising the repo

Reports of the Parliamentary Standing Committee on Finance on the Companies Bill, 2009 and the Company Secretaries (Amen

September 17, 2010 681 Views 0 comment Print

The following additional clause may be added in clause 82(1) “(j) details, as may be prescribed, in respect of shares held by or on behalf of the Foreign Institutional Investors indicating their names, addresses/countries of incorporation/registratio

ROC to take action against defaulting companies

September 17, 2010 750 Views 0 comment Print

Recently, ROCs have issued Show Cause Notices to the defaulting companies which have not filed their Balance Sheets and Annual Returns within the time prescribed under Section 159 and 220 of the Companies Act, 1956. DIN3 was introduced by Companies (

All Industry Rates of Duty Drawback, 2010-11 – Circular No. 35/2010-Custom

September 17, 2010 3401 Views 0 comment Print

The Ministry has announced the revised All Industry Rates (AIR) of Duty Drawback vide Notification No. 84/2010-Cus. (N.T.), dated 17/09/2010. The rates of drawback have been made effective from 20.9.2010. The Notification may please be downloaded

All industry rates of Drawback, for 2010-11- Notification No. 84/2010 – CUSTOMS (N.T.)

September 17, 2010 3484 Views 0 comment Print

Notification No. 84/2010 – CUSTOMS (N.T.), Dated: 17th September, 2010- The tariff items and descriptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, 1975(51 of 1975) at the four-digit level only. The descriptions of goods given at the six digit or eight digit or modified six or eight or ten digits are in several cases not aligned with the descriptions of goods given in the said First Schedule to the Customs Tariff Act, 1975.

Union Cabinet approves amendment to the Forward Contracts (Regulation) Act 1952

September 17, 2010 633 Views 0 comment Print

The Union Cabinet today approved amendments to the Forward Contracts (Regulation) Act 1952 by introducing the Forward Contracts (Regulation) Amendment Bill, 2010 in the Parliament. After the Bill is passed and enacted by the Parliament, Forward Mark

Union Cabinet approves amendment to the Multi-state Co-operative Societies Act, 2002

September 17, 2010 802 Views 0 comment Print

The Union Cabinet today approved the introduction of the Multi-State Co¬operative Societies (Amendment) Bill, 2010 in the Parliament. These amendments are intended to enhance the public faith in the cooperatives and to ensure better accountability of

Finance Minister Confident of Achieving 9% Growth in the 2011-12

September 17, 2010 372 Views 0 comment Print

Union Finance Minister, Shri Pranab Mukherjee said that we will be able to achieve the growth of 9 per cent for the year 2011-12 as projected by him in his last Budget speech. The Finance Minister said that for the current year we have not revised ou

Direct Tax Code (DTC) Bill -2010- Provisions affecting Technology, Media and Telecommunications sector

September 17, 2010 717 Views 0 comment Print

Finance Minister tabled the Direct Taxes Code Bill, 2010 (DTC 2010) in Parliament on 30 August 2010 with a view to simplify the direct tax legislation in India. The DTC 2010, once enacted, would come into force from 1 April 2012. This Article provide

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