Over 17,000 plastic pouches of gutka being sold illegally were recovered during a drive carried out by district municipal corporation authorities here, officials said today. The corporation carried out the drive yesterday after receiving repeated complaints regarding selling of gutka in plastic pouches despite the Apex court’s order, Municipal Commissioner R Vikram Singh said.
Hitherto, Authorised Dealers Category – I Banks (AD) were allowed to permit pledge of shares held by the Promoters as security for External Commercial Borrowings (ECB) availed by the Borrowing Resident Investee Company subject to prescribed conditions. As a measure of liberalisation and simplifications, the Reserve Bank of India (RBI) has now permitted ADs to allow pledge of shares of an Indian Company held by Non-Resident Investor/s subject to certain key conditions outlined below.
1) Who is an International Worker? An International worker may be an Indian worker or a foreign national. – Any Indian employee working or having worked abroad in a country with which India has entered into a Social Security Agreement (SSA); OR – Any foreigner working in India in an establishment where the Employees‟ Provident Funds & Miscellaneous Provisions Act, 1952 is applicable.
Food served in hotel rooms from their air conditioned restaurants with liquor licences will not attract service tax, the revenue department today said. When the food is served in the room, service tax cannot be charged under the restaurant service as the service is not provided in the premises of the air-conditioned restaurant with a licence to serve liquor, a Central Board of Excise and Customs (CBEC) circular said.
Circular No. 139/8/2011-TRU, New Delhi, the 10th May 2011 Since the levy of service tax on the two new services relating to services provided by specified restaurants and by way of short-term hotel accommodation came into force with effect from 1st May 2011, a number of queries have been raised by the potential tax payers.
The Department of Information Technology, Ministry of Communications & IT has clarified the position in this regard that these Rules do not provide free access to sensitive personal information. The nature and applicability of these Rules have been clearly specified. The Intent of Rules is to protect sensitive personal information and does not give any undue powers to Government agencies for free access of sensitive personal information. Wide public consultations were held before finalizing the Rules and the Rules have been duly endorsed by the Industry Association.
FAQ’s on Appointment of Cost Auditor and Draft of letters as required to be submitted by Cost Auditor in terms of MCA Circular. Q.1 Has the Government prescribed a new procedure for appointment of cost auditor by the companies? Ans. Yes. The procedure has been modified by the Cost Audit Branch of the Ministry of Corporate Affairs vide General Circular No. 15/2011 dated 11th April 2011. The circular shall be effective from the financial year commencing on or after the 1st day of April, 2011.
e-TDS/TCS RPU (version 2.4) for statements from FY 2005-06 onwards- A. Procedure for preparation of return , Deductors’ Manual for quarterly returns, Dos and Don’ts for Deductors/Collectors, B. Forms, Form 24Q, Form 26Q, Form 27Q, Form 27EQ, Form 27A
XBRL reporting by 15th of July – MCA website is likely to have options for XBRL reporting by 15th of July. Specific notification will be made to enable stakeholders for early filing.
A Half-Day multi Stakeholder consultation is being organized by the Indian Institute of Corporate Affairs (IICA) and Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ)under a bilateral cooperation, the IICA-GIZ CSR Initiative,Global Reporting Initiative (GRI) Focal Point India and The Institute of Company Secretaries of India (ICSI) on May 10, 2011 at Bengal Club, Kolkata to discuss the Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) & Global Reporting Initiative (GRI) Sustainability Reporting Guidelines.
