"23 May 2011" Archive

Rajiv Kumar replaces Amit Mitra as FICCI secretary general

Rajiv Kumar, a well-known economist, has been appointed as the FICCI secretary general, a post vacated by Amit Mitra who has joined the Mamata Banerjee government in West Bengal as finance minister. ...

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Posted Under: Income Tax |

2G Scam – HC rejects bail pleas of 5 corporate honchos

Five corporate honchos, including Unitech Group MD Sanjay Chandra and Group MD of Reliance ADAG Gautam Doshi, will remain in jail in the 2G case with the Delhi High Court today dismissing their bail pleas, saying the gravity of offence itself is sufficient to deny bail. ...

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Posted Under: Income Tax |

Govt pegs GDP growth during UPA rule at 8.5 Percent

Pegging the country's average economic growth rate at 8.5 per cent during the UPA rule so far, the government today said it was determined to take India to the select league of "middle income countries. ...

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Posted Under: Income Tax |

New companies bill to encourage 'responsible corporate behaviour'

Speaking about corporate governance initiatives taken during the UPA regime, the government in its 'Report to the People' said, The bill (Companies Bill 2009) incorporates a number of investor protection measures and it will encourage responsible corporate behaviour through innovative provisions of law. ...

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Posted Under: Income Tax |

Notification No. 41/2011-Customs Dated: 23/05/2011

Notification No. 41/2011-Customs (23/05/2013)

Notification No. 41/2011-Customs, Whereas, in the matter of import of Vitrified Porcelain Tiles, (hereinafter referred to as the ‘subject goods’), falling under Chapter 69 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the ‘Customs Tariff Act’) and originating in, or exported from ...

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Guidelines on Credit Default Swaps (CDS) for Corporate Bonds

RBI/2010-11/542 IDMD.PCD.No. 5053 /14.03.04/2010-11 (23/05/2011)

IDMD.PCD.No. 5053 /14.03.04/2010-11 As indicated in paragraph 113 of the Second Quarter Review of Monetary Policy for year 2009-10, an Internal Group was constituted by the Reserve Bank to finalise the operational framework for the introduction of plain vanilla OTC single-name CDS for corporate bonds in India....

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Dispute Resolution Panel (DRP) Revised Constitution w.e.f. 23.05.2011

Order No.4/FT&TR/2011 (23/05/2011)

Order No.4/FT&TR/2011 - In exercise of powers conferred under section 144C of the Income Tax Act, 1961, and in supersession of Order No.1/FT&TR-I/2011 dated 12.012011 and Order No.3/FT&TR-I/2D11 dated 31.03.201, the Board hereby constitutes the Dispute Resolution Panel (DRP) comprising of three Commissioners of Income Tax/Directors of Inc...

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Notification No. G.S.R. 396(E), dated 23/05/2011

Notification No. G.S.R. 396(E) (23/05/2011)

After removing requirement of approaching Central Government for Managerial Remuneration by Public Companies which are not subsidiaries of Listed Company, MCA has further simplified the requirements of Schedule XIII. MCA has allowed the subsidiaries of Listed Companies to fix managerial remuneration subject to following conditions and has...

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Legal issues may delay Mahindra Satyam, Tech Mahindra merger- Nayar

The merger of Mahindra Satyam and Tech Mahindra may get delayed on account of legal and procedural issues, a company official said today. 'Integration involves some legal process. We have to approach the High Courts of Andhra Pradesh and Maharashtra for approvals and there can be delays. We are still looking at April-May of next year', M...

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Posted Under: Income Tax |

ICSI – Campus Placement for Fresher Members and Students on 25th May, 2011

The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Wednesday, the 25th May, 2011 at Gurgaon Chapter , 1st Floor, Deen bandhu Sir Chhoturam Bhavan, Sector -32, Gurgaon -122002 ...

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Posted Under: Income Tax |
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