Replying to a written question the Minister said where any company is found violating the provisions of the Sections 62, 63, 68 and 628 of the Companies Act, 1956, prosecutions are filed against such companies and their officers in default. In case of non-availability of the companies and their directors, FIRs are filed. If circumstances warrant, private detective agencies are also engaged to trace out the disappeared companies and their directors.
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that As per latest information available, 3112 companies incorporated outside India and having place of business in India have registered their documents under Section 592 of the Companies Act, 1956. Out of this, no company is operating from Bihar.
There is no such proposal to close the inoperative Employees Provident Fund accounts. However, from 1st April, 2011, interest is not being credited to the account of a member from the date on which it has become inoperative account.
Pending Trademark Disputes The number of trademark dispute applications/files, which are under opposition and pending in the various offices of the Trade Marks Registry, is as under:-
The Union Finance Minister Shri Pranab Mukherjee said that the recent developments in the US and Eurozone have injected certain uncertainty in global markets. The Finance Minister said that these developments could have some impact on our economy as well. But Shri Mukherjee assured that India’s growth story is intact and its fundamentals are strong. The Finance Minister Shri Mukherjee said that we are in a better position than many other nations to manage this challenge.
The Government has informed the Rajya Sabha that it is seized of the matter arising out of the judgement of the Supreme Court delivered on 11.05.2010 in the Civil Appeal No. 3067 of 2004 (Union of India Vs. R. Gandhi ) wherein the Court has affirmed its observations made in L. Chandra Kumar’s case (1977) 3 SCC 61 that uniformity in administration of tribunals may be brought in and there is a need of a nodal authority to oversee the functioning of tribunals and authorities set up by the Central Government.
Integrated Professional Competence Examination (IPCE)/Final examination- November 2011 Application Form – IPCE/Final examination application forms for November 2011 examination provide for filling in passing details of PEE II/ PCE/IPCE examinations. Such details include the date/month/year and roll number of the earlier examinations passed.
Final examination- November 2011 Application Form – It is seen that Point 1.2(iv) of the eligibility criteria on Page no 1 of the Final examination form for November 2011 contains an error which has crept in inadvertently, through oversight
Developments relating to the US economy last week have significantly increased uncertainty about its prevailing condition. A sharp fall in US equity markets on Thursday was followed by a downgrade in the long-term US sovereign rating by rating agency Standard & Poor’s from AAA to AA+ with negative outlook on Friday.
Representations have been received seeking clarification regarding taxability of IPCL charges incurred in foreign currency by BPO/MNCs against receipt of services from the service provider situated outside India/group companies under reverse charge mechanism [Section 66A of the Finance Act, 1994 read with Rule 2 (1) (d) (iv) of the Service Tax Rules 1994].
