"12 May 2011" Archive

Corrigendum to Circular no. 09/2011 dated 31.03.2011 related to Filing of Balance Sheet and Profit and Loss Account in XBRL mode

General Circular No. 25 /2011 12/05/2011

Corrigendum to Circular no. 09/2011 dated 31.03.2011 In the said circular for clauses (i) and (ii) of paragraph 2 under the Heading Coverage in Phase I, the following shall be substituted and read as :­ (i) All companies listed in India and their subsidiaries, having paid up capital of Rs. 5 Crore and above or a turnover of Rs. ...

Read More

Service tax Circular on prosecution for specified offences

Circular No. 140/9/2011-Service Tax 12/05/2011

With the enactment of Finance Act, 2011 (No.8 of 2011), Section 89 which provides for prosecution of specified offences involving service tax, becomes a part of Chapter V of Finance Act, 1994. Prosecution provision was introduced this year, in Chapter V of Finance Act, 1994, as part of a compliance philosophy involving rationalization o...

Read More

CORRIGENDUM – Manual filing and processing of bills of entry / shipping bills – stringent checks required to prevent misuse -reg

F.No.401/81/2011-Cus.III 12/05/2011

The Board has taken a serious note of the cases of misuse detected on account of manual documentation as well as of casual manner in which this facility is being extended, which is prone to be detrimental to revenue. Accordingly, to redress the issue it has been decided that manual processing and clearance of import/export goods shall be...

Read More

ROC invites comment on Compliance of provisions of the Companies Act, 1956 and Rules made thereunder

Circular [F.No. 17/146/2011-CL-V] 12/05/2011

In order to ensure compliance of the provisions of the Companies Act, 1956 and Rules made thereunder, it is observed that the majority companies are only filing their event based information through MCA-21 to the Registrar of Companies, however the statutory compliance related to Annual filings are not complied with. Therefore, it has bee...

Read More

RBI – Monthly Bulletin – May 2011

The May issue of the Bulletin issue carries six special articles: (i) Developments in India's BoP during Third Quarter of 2010-11: Trade, Invisibles and Capital Account, (ii) Union Budget 2011-12: An Assessment (iii) Railway Budget 2011-12: An Assessment (iv) Finances of State Governments - 2010-11: Highlights (v) Survey of India's Forei...

Read More
Posted Under: Company Law |

ICAI – Transfer/Termination of Articleship with prior approval of institute

As informed earlier vide announcement dated 2nd July 2010, ICAI is allowing the articled assistants to seek transfer/termination of articleship only on permissible grounds and the articled assistants are advised to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest. ...

Read More
Posted Under: Company Law |

Review of Utilization of 13th Finance Commission Grants

A meeting was held under the Chairpersonship of Secretary (Justice) to review the utilization of 13th Finance Commission grants, E-courts project, Gram Nyayalayas, infrastructure support for the subordinate judiciary, undertrial prisoners, family courts and others. ...

Read More
Posted Under: Company Law |

Ministry of Environment and Forest (MoEF) notifies e-waste management rules

Notification No. 1035/2011 - Income Tax 12/05/2011

Notification No. 1035/2011 - Income Tax The Ministry of Environment and Forest (MoEF) has for the first time notified e-waste management rules. The e-waste (management and handling) Rules, 2011 would recognise the producers’ liability for recycling and reducing e-waste in the country. The rules will come into effect from May 1, 2012. ...

Read More

Format of Auditor’s Report under the Companies Act for Financial Year 2010-11

We have audited the attached Balance Sheet of……………….(name of the Company), as at 31st March, 2XXX and also the Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial ...

Read More
Posted Under: Company Law |

IT authorities quiz Kanimozhi, Kalaignar TV MD

Tamil Nadu chief minister M Karunanidhi's daughter Kanimozhi was today questioned by Income Tax authorities for about 90 minutes over the Rs 200 crore transaction from Shahid Balwa-owned DB Realty to Kalaignar TV, in which she holds a minority stake. The 43-year-old MP appeared after summons were issued by the department, as a Delhi court...

Read More
Posted Under: Company Law |

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031