All stakeholders are hereby informed that the provisions regarding stamp duty payment on Form No. 1, Memorandum of Association, Articles of Association, Form No. 5 and Form No. 44 electronically, at the time of their e-filing through MCA portal (www.mca.gov.in) ,in addition to the already existing list of States and Union Territories published on the MCA portal,will also be mandatory for the State of Jammu and Kashmir ,with effect from 1st May,2011.
Cheque transactions worth over Rs 7.97 lakh crore were carried out in the country during February, 2011, a growth of over 2.5 per cent from the same month last year.Banks had cleared cheques worth over Rs 7.77 lakh crore in February 2010, as per the latest data from the Reserve Bank.
The central tax collection — direct and indirect — reached about Rs 7.92 lakh crore in 2010-11, exceeding even the revised estimate, on the back of strong economic growth.The total Budget estimate for direct and indirect tax collections was Rs 7.45 lakh crore for the last fiscal, which was revised upwards to Rs 7.80 lakh crore.
Even as third generation (3G) mobile telephony is still at a pilot stage, technology players are hopeful that the more advanced 4G will be here sooner than later due to its sheer economic advantage over the former besides its easy upgradability on the existing infrastructure. “The 4G is likely to be in India sooner than later, as early as next year, because it is economically more advantageous than 3G, apart as it can be easily upgraded on the existing infrastructure,” said Nikhil Sadarangani of JDSU India, a provider of optical products and solutions.
In view of ever increasing expectations and demands of trade , industry , regulators and corporate sector from the Company Secretary and the paradigm shift in the conduct of corporate business transactions. The Council of the Institute in its 200th Meeting held on 18th March, 2011 at ICSI House, New Delhi has Constituted the Syllabus Review Committee as under:
Global uncertainties have made investors look East, as they have poured $2 billion into emerging market equity funds last week, more than what they have committed to developed nations, says a report. For the first time this year, emerging markets equity funds post bigger inflows than their developed market counterparts, according to data compiled by international fund tracking firm EPFR.
Diversified business house Tata Group will invest up to Rs 1.2 lakh crore across sectors in the domestic market in the next five years as it looks to more than double its revenues to $150 billion (about Rs 6.64 lakh crore) by then. The Tata Group, which has over 90 operating companies, will put in half of the planned investment in power sector, while the other significant portions will be in steel and automobile sectors.
Billionaire industrialist Mukesh Ambani-led Reliance Industries group is planning a big splash in financial services sector, but may take a path different than those adopted traditionally in the business of money. RIL signed a joint venture with global private equity fund house DE Shaw late last month for its financial sector foray and is now considering businesses where it can utilise its expertise and presence in sectors like energy and retail, as also its proposed telecom and power ventures.
The G-20 on Friday announced that International Monetary Fund (IMF) would review policies of the world’s seven largest economies, including India and China , with the objective of rectifying flaws before they imperil growth. The US, Japan, Germany, France and Britain are the other five countries that influence the global economy.
A Service Desk has been set up with a national toll-free number 1800 425 4251 which can be accessed by taxpayer between 9AM to 5PM on all working days (Monday to Friday). Besides they can send e-mails (24×7) at e-mail ID (aces.servicedesk@icegate.gov.in). ACES Service Desk generates a unique number called the ticket number and ticket is closed only on resolution of the problem and confirmation by the complainant. If the user gives the required details, the issue is analyzed for resolving at Service desk itself (L-1) and if not possible, the issues are escalated to the L2/L3 team for resolution. Once the resolution is received the same is communicated to the persons concerned, via e-mail and on receipt of confirmation the calls are closed. Since the existing Nos. of telephones are not sufficient to handle pressure during peak filing periods as sometimes the phone lines may be busy, the taxpayers are hereby advised to send e-mails to Service desk.
