"18 July 2012" Archive

EPFO to launch Special Recovery Drive from 1st August, 2012

NA 18/07/2012

EPFO issues an internal circular dated 13 July 2012 on 'Special Recovery Drive from 1 August, 2012 to 30 September, 2012'. The circular reiterates the launching of the special recovery drive to recover the arrears of provident fund from both un-exempted and exempted establishments and the actions that would be taken against the defaultin...

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Quick Referencers (April 1 – June 30, 2012)

We are attaching below quick referencer Prepared by Team of B Mathur & Co. Referencer contains updates on Circulars and Notifications related to Companies Act, LLP Act, Excise Duty, Custom Duty, DGFT & SEBI for the period from 04.04.2012 to 30.06.2012. Link to Download the referencer are given below :- ...

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Posted Under: Corporate Law |

Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident and Non-Resident (External) Accounts

RBI/2012-13/136 DBOD.Dir.BC. 29/13.03.00/2012-13 18/07/2012

Please refer to paragraph 5 of the directives enclosed to the circular DBOD.Dir.BC.47/13.03.00/2000-2001 dated November 4, 2000 and mail box clarification dated May 13, 2005 in terms of which it was clarified that in the case of Non-Resident (External) deposits of staff members, existing or retired, interest rate including any additional ...

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Guidelines for Mandatory Training for all Members of ICAI under Continuing Education Programme

To meet the requirement of professional skills in the current changing dynamic economic scenario, Cost Accountants in practice and service (members of ICAI) should equip themselves with the new skills and concepts to meet the challenges and render yeomen’s services to trade, commerce and industry. Therefore, the existing scheme for mand...

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Posted Under: Corporate Law |

Chairman, CBEC Awards AEO Certificates and Launches CBEC’S Interactive Customs Tariff Website

India has developed an Authorized Economic Operator (AEO) Programme consistent with World Customs Organization (WCO) SAFE Framework of Standards. The trade supply chain has become extremely complicated and vulnerable to external threats which led to an urgent need to have a system that ensures end to end supply chain security while ensuri...

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Posted Under: Corporate Law |

RBI – Interest Rates on Deposits held in FCNR (B) Accounts

RBI/2012-13/137 DBOD.Dir.BC. 30/13.03.00/2012-13 18/06/2012

Please refer to paragraph 4 of the directives enclosed to our circular DBOD.Dir.BC.49/13.03.00/2000-2001 dated November 4, 2000 and mail box clarification dated May 13, 2005 in terms of which it was clarified that in the case of FCNR(B) deposits of staff members, existing or retired, interest rate including any additional interest paid to...

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Investment by Qualified Foreign Investors (QFI) in Indian Corporate Debt

Circular No. IMD/FII&C/17/2012 18/07/2012

CIRCULAR no. IMD/FII&C/17/2012, dated 18-7-2012 Vide SEBI circulars IMD/DF/14/2011 and IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFIs) were allowed to invest in schemes of Indian mutual funds and Indian equity shares subject to terms and conditions mentioned therein by opening a...

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Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism

Circular No. MRD/DP/18/2012 18/07/2012

CIRCULAR no. MRD/DP/18/2012, dated 18-7-2012 Several representations/suggestions have been received from the market participants on few provisions of the above circulars. After due examination and deliberation with the market participants it has been decided to replace the procedures and instructions contained in the aforementioned circul...

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CA Final & CPT Result on 19th July instead of 18th

In supersession of our announcement dated 11th July, 2012 on the likely date and timing of the declaration of the results of the Chartered Accountants Final examination held in May 2012 and of the Common Proficiency Test held in June 2012, this is to inform that due to unavoidable reasons, both the above referred results are now likely to...

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Posted Under: Corporate Law |

FAQs on Exemption from filing of income tax return for Salaried

​The Below Provisions are Applicable only for Assessment Year 2011-12 and Assessment Year 2012-13. What is the purpose of this notification and who are proposed to be exempted from the requirement of filing of the return? ​ The primary objective of this notification is to exempt those salaried taxpayers from the requirement of filing ...

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Posted Under: Corporate Law |

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