"24 January 2012" Archive

Section 233B of the Companies Act, 1956 – Audit of Cost accounts in certain cases – order under section 233B(1)

NA 24/01/2012

ORDER [F.No. 52/26/CAB-2010], dated 24-1-2012 In exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government, being of the opinion that it is necessary to do so, hereby directs that all companies to which the Companies (Cost Accounting Records) Rules, 2011 apply, and w...

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Notification No. 11/2012-Customs (ADD) New Delhi, Dated: 24.01.2012

Notification No. 11/2012-Customs (ADD) 24/01/2012

Notification No. 11/2012-Customs (ADD) Whereas, in the matter of import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms (including all widths and lengths)’ (hereinafter referred to as the subject goods), falling under Chapters 39, 55, 56, 59 and 70 of the First Schedule to the Customs Tariff Act, 1975 (...

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Notification No. 10/2012-Customs (ADD) dated the 24th January, 2012

Notification No. 10/2012-Customs (ADD) 24/01/2012

Notification No. 10/2012-Customs (ADD) Whereas, in the matter of import of Morpholine (hereinafter referred to as the subject goods), falling under tariff item 29333917 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from, China PR, Eu...

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Rescinds Notification No. 91/2011-Customs, dated the 20th September, 2011

Notification No. 09/2012-Customs (ADD) 24/01/2012

Notification No. 09/ 2012-Customs (ADD) In exercise of the powers conferred by sub-sections (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Cen...

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New Initiatives under MCA 21 System- Integration with Trade Mark Authority, XBRL reporting

The Ministry of Corporate Affairs has established an added facility under MCA 21, integration with Trade Mark Authority recently. The added feature facilitates professional / public to cross verify Company name before applying for ROC approval....

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Posted Under: Company Law |

Third Quarter Review of Monetary Policy 2011-12 Press Statement by Dr. D. Subbarao, Governor

A short while ago, we put out the monetary policy measures accompanying this Review. Based on an assessment of the current macroeconomic situation, we have decided to: Cut the cash reserve ratio (CRR) of scheduled banks by 50 basis points from 6.0 per cent to 5.5 per cent of their net demand and time liabilities (NDTL). This will be e...

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Posted Under: Company Law |

RBI – Third Quarter Review of Monetary Policy 2011-12

Since the Second Quarter Review (SQR) of Monetary Policy in October 2011, there have been significant changes in the global scenario. On the one hand, concerns over the sustainability of sovereign debt problem in the euro area have intensified. On the other, there are modest signs of improvement in the US. In the emerging and developing e...

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Posted Under: Company Law |

RBI reduces Cash Reserve Ratio (CRR) by 50 basis points to 5.50 per cent

RBI/2011-12/363 Ref: DBOD.No.Ret.BC.74 /12.01.001/2011-12 24/01/2012

RBI/2011-12/363 - The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash Reserve Ratio (CRR) of Scheduled Commercial Banks by 50 basis points from 6.00 per cent to 5.50 per cent of their Net Demand and Time Liabilities (NDTL) with effect from the fortnight beginning J...

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Law ministry demands more info in ITAT case

The Law Ministry is in the process of seeking more information from CBI and other agencies to take a final call on the investigative agency's request seeking sanction to prosecute 20 members of IT tribunal for their alleged role in outsourcing writing of judgements to private individuals to favour them. ...

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Posted Under: Company Law |

Aadhaar is reliable and fool-proof – UIDAI

The Unique Identification Authority of India, UIDAI, has asserted that its system is reliable and can achieve the task of providing unique ID cards to the entire population of the country. It dispelled fears that the biometric technology being employed for the Aadhaar project is flawed....

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Posted Under: Company Law |

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