"May, 2012" Archive - Page 5

Criteria Declaring a Financial Institution as PFI U/s 4a of the Companies Act, 1956

The Ministry of Corporate Affairs has after giving due consideration decided that any Financial Institution applying for declaration as PFI shall fulfil the following criteria:- (a) A company or corporation should be established under a special Act or the Companies Act, 1956 being a central act; (b) Main business of the company should be ...

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Posted Under: Company Law |

Govt clears 25 FDI proposals worth 2,973.40 cr cleared

Government today said it has cleared 25 foreign direct investment, FDI proposals worth 2,973.40 crore rupees. The Finance Ministry said in a release that the applications were cleared after recommendations of the Foreign Investment Promotion Board,FIPB headed by Economic Affairs Secretary R Gopalan. ...

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Posted Under: Company Law |

When the award is opposed to public policy it is void

Union of India Vs M/s. Bharath Builders & Contractors (Kerala High Court)

Learned Central Government Standing Counsel submitted that the award so far as the upholding the claims under claim Nos.8 to 75 are not seriously opposed and it need not be set aside, urging that the challenge to the award on the ground it is opposed to public policy is against the awarding of claims under 1 to 7, we are not impressed by ...

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Custom Duty exemption to Compression-type combined refrigerator-freezers imported from Thailand

Notification No. 38/2012-Customs (29/05/2012)

Notification No. 38/2012- Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the M...

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Anti-dumping duty on import of Aniline when originating in or exported from European union

Notification No. 30/2012-Customs (ADD) (29/05/2012)

Notification No. 30/2012-Customs (ADD) Whereas, in the matter of import of Aniline (hereinafter referred to as the subject goods), falling under sub-heading 292141 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 European Union (h...

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Anti Dumping Duty on Acetone from Chinese Taipei – Withdrawn

Notification No. 29/2012-Customs (ADD) (29/05/2012)

Notification No. 29/2012-Customs (ADD) In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Ru...

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Seeks to levy definitive safeguard duty on import of Phthalic Anhydride

Notification No. 03/2012-Customs (SG) (29/05/2012)

Notification No. 3/2012-Customs (SG) Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8B of the said Act, read with rules 12 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government after considering the said findings of the Director Genera...

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Seeks to rescind Notification No.1/2012-Customs (SG), Dated: 17.01.2012

Notification No. 02/2012-Customs (SG), (29/05/2012)

Notification No. 2/2012-Customs (SG), Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) no. 1/2012- Customs (SG), dated the 17th January, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R.29 (E), dat...

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Service Tax – How to Apply for Compunding of offence

Notification No. 17/2012-Service Tax (29/05/2012)

An applicant may, either before or after the institution of prosecution, make an application under sub-section (2) of section 9A of Excise Act, made applicable to service tax vide section 83 of the Act, in the form appended to these rules, to the compounding authority to compound the offence. Where an offence under the Act has been commi...

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Service Tax – How to apply for Settlement of Cases

Notification No. 16/2012-Service Tax (29/05/2012)

These rules may be called the Service Tax (Settlement of Cases) Rules, 2012. (1) An application under sub-section (1) of section 32E of Excise Act, made applicable to service tax vide section 83 of the Act, shall be made in the Form SC(ST)-1. (2) The application referred to in sub-rule (1), the verification contained therein and all rele...

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