In the Director’s Relatives (Office or Place of Profit) Rules, 2003, (hereinafter referred to as the said rules), in rule 3, for the figures “50,000”, the figures “2,50,000” shall be substituted. 3. In the said rules, for the figures “50,000”, the figures “2,50,000” shall be substituted. 4. In the said rules, for rule 7, the following rule shall be substituted, namely:— The selection and appointment of a relative of a director holding office or place of profit in the company shall be approved by adopting the same procedure applicable to non-relatives :
The Karnataka Industrial Areas Development Board was wrong in raising the price of industrial plots arbitrarily, the Supreme Court stated while dismissing its appeal against the high court ruling. The board had allotted plots after receiving payment. But 13 years later, it asked the allottees to pay more. This was challenged by the allottees. The board claimed that it has power under the rules to raise the demand.
Tata Sons Chairman Ratan Tata and Niira Radia were today quizzed in connection with 2G spectrum scam by Parliament”s PAC whose head M M Joshi said the panel found the industrialist candid and the corporate lobbyist “evasive”. The PAC will tomorrow question Reliance Communications Chairman Anil Ambani, as also Etisalat DB Telecom CEO Atul Jhamb, S-Tel CEO Shamik Das and Unitech Wireless Managing Director Sigve Brekke on the same issue.
This Notification is containing summary of Income Tax Amendment made by Budget 2010 which are applicable for Assessment Year 2011-12 and Financial Year 2010-11. Topis which are covered are as follows:- 1. Rates of income-tax in respect of incomes liable to tax for the assessment year 2010-11. 2. Income deemed to accrue or arise in India to a non-resident. 3. Computation of exempted profits in the case of units in Special Economic Zones .4. Cancellation of registration obtained under section 12A. 5. Weighted deduction for scientific research and development. 6. Investment-linked deduction for specified businesses. 7. Disallowance of expenditure on account of non-compliance with TDS provisions. 8. Limit of turnover or gross receipts for the purpose of audit of accounts and for presumptive taxation 9. Conversion of a private company or an unlisted public company into a limited liability partnership (LLP).
NOTIFICATION NO. LAD-NRO/GN/2011-12/01/11486, DATED 6-4-2011 1. These Regulations may be called the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) (Amendment) Regulations, 2011. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992:— (i) in regulation 2, in clause (fa), after the words “derivatives segment of a stock exchange” the words “or currency derivatives segment of a stock exchange” shall be inserted;
The Delhi government on Monday decided to impose a blanket ban on the manufacture, storage and use of plastic bags in the city. The Delhi Cabinet presided by Chief Minister Sheila Dikshit took the decision and directed all the concerned authorities like MCD, NDMC and Environment Department to implement the decision.
The world’s major central banks are about to break ranks. Since the financial crisis entered its worst phase in late 2008, monetary policy has moved in the same direction across all advanced economies. On Thursday, the European Central Bank looks all but certain to become the first to shift interest rates higher as it tries to tame rising inflation. The ECB, the Bank of Japan and the Bank of England all conclude policy-setting meetings that day, and they will probably reach three different decisions.
Real estate firm Amrapali today said it will gift villas worth a total of Rs 9 crore to the entire World Cup winning Indian cricket team at its township in Noida extension. The Indian captain, Mahendra Singh Dhoni, is at present the brand ambassador of Amrapali.
The government today said indirect tax collections for FY2010-11 have exceeded the revised estimate of Rs 3.34 lakh crore for the fiscal on the back of strong economic activities and the partial withdrawal of fiscal stimulus measures. According to Central Board of Excise and Customs (CBEC) Chairman S Dutt Majumder, the Finance Ministry expects at least Rs 7,000 crore more than the revised estimate for the last fiscal.
The Department of Information Technology (DIT) has published a draft policy on mobile governance that aims to enable government departments to provide services, including payment of utility bills and filing of tax returns from mobile phones. A platform called Mobile Service Delivery Gateway (MSDG) will be set up, on which all ministries and departments will be able to start their services, according to the document posted on the department’s website for public comments.
