In exercise of powers conferred by sub-section (1)(c) of section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs, number S.O 147(E), dated the 21st February, 1992, namely :—
CIRCULAR NO. 305.2/1/F&AILAB2008/277/2011-12, DATED 9-2-2011 Section 35 of the Insurance Act, 1938 lays down the framework for amalgamation and transfer of life insurance companies. However, a similar provision is not available in case of non-life insurance companies. This anomaly is proposed to be rectified in the Insurance Amendment Bill, 2008. Against the background of the […]
Declaration of the law by the Supreme Court, in Bharat Sanchar Nigam Ltd v. Union of India[1], notwithstanding, we are now called upon, in this batch of Writ Petitions, to adjudicate on the jurisdiction of the revisional/ appellate/ assessing authorities to levy tax under Section 4(1) and (8) of the A.P. VAT Act, 2005 (hereinafter referred to as the Act) on SIM cards – pre-paid and post-paid; recharge coupons; value added services; telephone instruments, mobile handsets, modems and caller ID instruments; mobile telephone rentals; sharing of infrastructure; non-refundable deposits; refundable deposits etc.
his year’s (2011-12) Union Budget assumes greater importance in the wake of ongoing high level of corruption and financial irregularities in almost every sphere of governance, thus putting tremendous pressure on the exchequer and fuelling bad money in the system. Also, the present governance and banking system has been unable to tame the evil of inflation causing hardship to one and all. Petrol prices and high rate home loans are only adding salt to the injury. However, economy has shown positive signs on various parameters.
day we are witnessing such a national situation which none of us might have even thought of. A certain group of politicians, bureaucrats, industrialists and other unwanted social elements are working 24 X 7 to loot and divert our hard earned money to
Note 1 of Chapter 7 of ITC(HS) Classification of Export & Import Items (Chapter 7 deals with Edible Vegetables and Certain Roots and Tubers) stipulated that reference to onions in this chapter includes onions fresh or chilled, frozen, provisionally preserved or dried. This note has also been extracted in the Notification No. 13 of 22.12.2010. Therefore, the item description in the Notification No. 13 dated 22.12.2010 is clear leaving no room for ambiguity.
