"27 September 2011" Archive

Procedure for refund of TDS U/s. 195 to person deducting tax – Amendment in Circular No. 7/2007 dated 23/10/2007

Circular No. 07/2011-Income Tax (27/09/2011)

CIRCULAR NO-07/2011, The Board had issued Circular No.7/2007 and 23.10.2007 laying down the procedure for refund of tax deducted at source under section 195 of the Income Tax Act, 1961 to the person deducting tax at source from the payment to a non-resident....

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SEBI – Disclosure of Price Information of past issues handled by Merchant Bankers

Circular No. CIR/CFD/DIL/5/2011 (27/09/2011)

Schedule VI, Form A, para (16) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 provides that ‘Price Information of Past Issues handled by Merchant Bankers (who are responsible for pricing this issue)’ should be enclosed along-with Due Diligence certificate submitted to the Board. The format for disclosure of P...

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SEBI – Contents of Application-Cum-Bidding Form and Manner of disclosure

Circular No. CIR/CFD/DIL/4/2011, (27/09/2011)

SEBI has reviewed the structure, design, format, contents and order of information of Application-Cum-Bidding-Form to make it investor friendly and also to ensure uniformity in bidding and accuracy. The form has been standardized and it has been decided that henceforth there would only be a single form for ASBA and Non-ASBA applicants. It...

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RBI issues Draft Revised Guidelines on Securitisation Transactions

RBI/2011-12 DBOD.No.BP./21.04.177/2011-12 (27/09/2011)

In the light of developments in the domestic and international financial markets, Reserve Bank had reviewed the extant guidelines on securitisation of standard assets and placed the draft guidelines on minimum lock-in period/Minimum Holding Period (MHP) and Minimum Retention Requirements (MRR) for Indian banks on its website on April 19, ...

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Attempt to defraud using fake bank guarantee-modus operandi

RBI/2011-12/206 DNBS(PD).CC. No.245/03.10.42/2011-12 (27/09/2011)

Instances of fraud have been brought to the notice of the RBI wherein Bank Guarantees (BGs) purportedly issued by a couple of bank branches in favour of different entities were presented for confirmation by other commercial banks/individuals representing some beneficiary firms. The BGs were submitted along with Confirmation Advice /Advice...

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How to Apply and 'Get Certified Copies' of Documents from ROC

Login on MCA website. Click on the link ‘GET CERTIFIED COPIES’ which is on the left hand side of screen under the head ‘QUICK LINKS’ Enter Company name or CIN no. and search for the company on MCA web portal. It will display the company name and its CIN no. Click on the CIN no....

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Posted Under: Income Tax | ,

External Commercial Borrowings (ECB) in Renminbi (RMB)

A.P. (DIR Series) Circular No. 30 (27/09/2011)

Considering the specific needs of the infrastructure sector, the existing ECB policy has been reviewed in consultation with the Government of India and it has been decided to allow Indian companies which are in the infrastructure sector, where “infrastructure” is as defined under the extant guidelines on External Commercial Borrowings...

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