"26 September 2012" Archive - Page 2

MVAT – Clarifications regarding Annexures to be submitted by Developers

Trade Circular No. 18 T of 2012 26/09/2012

The format of annexure is made available on website of the Maharashtra Sales Tax Department www.mahavat.gov.in under download banner. The filled yearwise annexure is to be attached with e-mail and to be sent on [email protected] e-mail id....

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MCA 21 2nd Cycle to Benefit Companies / LLPS Registered in India

The MCA21 is considered as one of the most successful mission mode project (MMP) having implemented many innovations viz. internet payments, credit card payment, electronic issuance of stamp paper (e-stamp), use of adobe e-forms, end-to-end electronic work flow and digital signature (DSC) based electronic filing. ...

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SEBI (Mutual Funds) (Second Amendment) Regulations, 2012

Notification No. LAD-NRO/GN/2012-13/17/21502, 26/09/2012

Securities and Exchange Board of India SEBI (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2012 – Amendment in REGULATIONS 48 & 52 and Twelfth schedule, substitution of REGULATION 59 and insertion of REGULATION 51A NOTIFICATION No. LAD-NRO/GN/2012-13/17/21502, dated 26-9-2012 In exercise of the powers conferred under section 30 ...

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Jurisdiction of Commissioner (Appeals) – CBEC Messes up another Notification

Notification No. 85/2012-Customs (N.T.) 26/09/2012

Notification No. 85/2012-Customs (N.T.), New Delhi, the 26th September, 2012 G.S.R…..(E).- In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) and in supersession of notification of the Government of India in the Ministry of Finance, Department of Revenue No.16/2002-Customs (N.T.) d...

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FDI – Allotment of Shares to person resident outside India under MoA of an Indian company – Pricing guidelines

RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 26/09/2012

It has been decided that in cases, where non-residents (including NRIs) make investment in an Indian company in compliance with the provisions of the Companies Act, 1956, by way of subscription to Memorandum of Association, such investments may be made at face value subject to their eligibility to invest under the FDI scheme....

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Seminar on ‘Contemporary Issues on TDS’ at NADT

Deduction/Collection of direct tax at source plays one of the most crucial roles in mobilizing direct tax revenue. It is imperative to note that in the last year about 36% of total Direct Tax collection was made through TDS/TCS only. The TDS wing of the department registered an annual growth of 24%, despite the downturn […]...

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Financial Restructuring of UCBs by RBI

RBI/2012-13/224 UBD.BPD.(PCB) Cir No.12/09.16.900/2012-13 26/09/2012

The matter has been reviewed and it is advised that in partial modification of para 3 (v) of the circular, the Reserve Bank would, henceforth, consider financial restructuring proposals submitted by UCBs, involving conversion of deposits into equity / IPDI, even if the networth of the bank does not become positive after such conversion of...

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FTP – Imports from Sri Lanka through any EDI Port

Notification No. 16 (RE-2012)/2009-2014 06/09/2012

NOTIFICATION NO. 16 /(RE-2012) / 2009-2014 Importer (s) shall be able to import the items under aforementioned ITC (HS) codes under the India-Sri Lanka Free Trade Agreement (ISFTA) from all EDI Ports. ...

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SEBI – Review of Margining with respect to Exchange Traded Funds (ETFs)

Circular No MRD/DP/26/2012 26/09/2012

This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market....

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No criminal prosecution against a lawyer for mere non acceptance of his opinion -SC

Central Bureau of Investigation, Hyderabad Vs K. Narayana Rao (Supreme Court of India)

Merely because his opinion may not be acceptable, he cannot be mulcted with the criminal prosecution, particularly, in the absence of tangible evidence that he associated with other conspirators. At the most, he may be liable for gross negligence or professional misconduct if it is established by acceptable evidence and cannot be charged ...

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