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Archive: 10 August 2011

Posts in 10 August 2011

MCA – Foreign Companies can file Form No. 52 under Company Law Settlement Scheme, 2011

August 10, 2011 1828 Views 0 comment Print

General Circular No. 60/2011 In continuation of the Ministry’s General Circular No. 59/2011 dated 5.8.2011 on the subject cited above, it is stated that the said scheme shall be applicable to Form 52 (filing of annual accounts by a foreign company) as foreign companies are included in the scheme.

Tax arrear increases to Rs. 3.90 lakh crore in financial Year 2010-11

August 10, 2011 745 Views 0 comment Print

Both direct and indirect tax arrears increased by about 33% to Rs 3.9 lakh crore in 2010-11. Minister of State for Finance SS Palanimanickam, while replying to different questions in Rajya Sabha, informed that direct tax arrears worth Rs 3,33,077 crore were not realised, while it was Rs 56,889.62 crores in the case of indirect taxes.

India to Partner with Africa for Buying Minerals and Providing Technology for Mining & Exploration- PTA by December 2011 – Anand Sharma

August 10, 2011 649 Views 0 comment Print

Shri Anand Sharma, Union Minister of Commerce & Industry and Textiles delivered an inaugural address at the launch of “Africa manual 2011- opportunities unlimited”, here today. Speaking on the occasion the Minister said, “India is keen to partner with countries in Africa not only for buying minerals but also providing technology for mining and exploration and value addition with long-term buy-back commitments”. India is also committed to work with our partners in Africa for addressing the infrastructure deficit. India’s infrastructure investments in Africa are in the range of US $ 500 million annually in the last decade, he added.

Foreign Contribution (Regulation) Act, 2010 and foreign Contribution (Regulation) Rules 2011 comes into effect from 01.05.2011

August 10, 2011 1049 Views 0 comment Print

The Union Government has framed new rules, viz., the Foreign Contribution (Regulation) Rules, 2011 under the Foreign Contribution (Regulation) Act, 2010 for monitoring receipt and utilization of foreign contributions by any person in the Country. Both the Foreign Contribution (Regulation) Act, 2010 and foreign Contribution (Regulation) Rules 2011 have come into effect with effect from 01.05.2011. Both the Act and the rules are available in this Ministry’s website

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