"14 May 2012" Archive

Suppressing Material facts & Filing of successive petition amounts to abuse of Court Process

Ram Dhan Vs State of U.P. & Anr (Supreme Court of India)

After investigation, chargesheet has been filed against the petitioner and others under Sections 177, 181, 182 and 195 IPC. The petitioner has suppressed the material fact and has not disclosed anywhere in this petition that he had approached the High Court under Section 482 Cr.P.C. for quashing of the chargesheet, which stood rejected vi...

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Know MVAT Return Periodicity for FY 2012-13

The Government of Maharashtra VAT Department has displayed the periodicity for the Financial Year 2011-2012 on their website http://mahavat.gov.in under Know your TIN. To view the same - Go to http://mahavat.gov.in Click on Dealer Services. Drop Down with 3 options will open. Click on Second Option Know Your TIN. ...

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International Worker allowed to withdraw full amount standing to his credit in PF fund

In accordance with amended para 69 (under para 83 of Employees’ Provident Fund Scheme, 1952), an International Worker is allowed to withdraw the full amount standing to his credit in the fund: • on retirement from service in the establishment at any time after attaining the age of 58 years; ...

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Posted Under: Corporate Law |

Minimum Wages Act,1948 – No discrimination between men and women workers

The Minimum Wages Act, 1948 does not contain any provision for discrimination between men and women workers. All the provisions of the Act equally apply to both men and women workers. In other words, female workers working in any scheduled employment including agriculture sector are entitled for same wages as fixed by the appropriate Gove...

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Posted Under: Corporate Law |

Tax on Re-Registration of Vehicles

Where an owner of a motor vehicle (other than transport vehicle) on which one-time or long-term tax has been paid, ceases to reside at the address recorded in the certificate of registration of the vehicle on account of his transfer on official duty or shift of residence, the registering authority shall, where the vehicle was registered p...

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Posted Under: Corporate Law |

As on 01.05.2012, 1,93,500 CAs registered with ICAI

There is no shortage of Chartered Accountants in the country to meet the Global challenges. As on 1st May, 2012, 1,93,500 Chartered Accountants (CAs) were registered with the Institute of Chartered Accountants of India (ICAI). ...

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Posted Under: Corporate Law |

SEBI – Review of Regulatory Compliance and Periodic Reporting

Circular No. CIR/MIRSD/6/2012 14/05/2012

SEBI (Merchant Bankers) Regulations, 1992 have been amended vide notification no. LAD-NRO/GN/201 1-12/40/7335 dated March 29, 2012, a copy of which is available on SEBI website www.sebi.gov.in. With the said amendment, merchant bankers are required to submit a periodic report in such manner as may be specified by the Board from time to ti...

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Conditions and modalities for registration of contracts with DGFT for export of sugar

Policy Circular No. 62 (RE-2010)/2009-14 14/05/2012

Policy Circular No. 62 (RE-2010)/2009-14 As per Notification No. 117 (RE-2010)/2009-14 dated 14.05.2012 export of sugar has been made Free subject to registration of export contracts with DGFT for ITC(HS) Code 17010000. Procedure for registration of contracts is described below. ...

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Anti Dumping Duty on Tyre Curing Presses from China

Notification No. 26/2012-Customs (ADD) 14/05/2012

Notification No. 26/2012 - Customs (ADD) Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Customs Tariff Act and in pursuance of rules 18 and 20 of the said rules, the Central Government hereby makes the following amendment in the notification of the Government of India, in the Mini...

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Anti Dumping Duty on Dry Cell Batteries from China – extended

Notification No. 25/2012-Customs (ADD) 14/05/2012

Notification No. 25/2012-Customs (ADD) Whereas, the designated authority vide notification F.No. 15/12/2011-DGAD, dated the 21st March, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 21st March, 2012, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of...

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