"21 December 2012" Archive

Notification No. 113/2012-Customs (N.T.), Dated: 21.12.2012

Notification No. 113/2012-Customs (N.T.) 21/12/2012

G.S.R. No. (E) - In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 04/2010-Cust...

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WIRC and CIRC Vote Counting Status on 21.12.2012 at 10 P.M.

CIRC Position after elimination of candidate at Sr.No.16 CA.Suresh Kabra SR.NO NAME OF CANDIDATE – WIRC(COUNCIL) VALUE RANK 22 Shah Dhinal Ashvinbhai-Ahmedabad 2570 1 24 Zaware Shiwaji Bhikaji-Pune 2540 2 13 Jambusaria Nihar Niranjan-Mumbai 2363 3 23 Vikamsey Nilesh Shivji-Mumbai 2242 4 19 Maheshwari Sanjeev Krishnagopal-Mumbai. 189...

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Posted Under: Custom Duty |

Notification No. 112/2012-Customs (N.T.), Dated: 21.12.2012

Notification No. 112/2012-Customs (N.T.) 21/12/2012

G.S.R. No. (E) - In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 03/2010-Customs (N.T.) issued vide G.S.R. No.22(E) dated the 1...

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During pendency of oppression petition no further issue of shares permissible unless proved to be in Companies interest

Sharvani Energy (P.) Ltd. Vs N. VenkateshwarRao (Chennai Company Law Board)

The petitioners, who are the respondents in this application, have filed the company petition by invoking various provisions of the Act, alleging certain acts of oppression and mismanagement against the applicants herein. The petitioners are opposing the increase of share capital and allotment of shares on the ground that they were hol...

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Cestat Appeals and stay applications to be listed according to age

Circular No. F. No. 01(32)/R(Judl.)/CESTAT/201 21/12/2012

1. Henceforth appeals and stay applications are to be listed in the cause list chronologically age-wise. 2. Assistant Registrars of the concern Benches will ensure that at least 20 stay applications and 15 regular matters are listed in cause list chronologically....

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For reopening there must be ‘tangible material, bearing a ‘live link with formation of belief’

Moser Baer India Limited Vs Deputy Commissioner of Income Tax & ORS (Delhi High Court)

When there was intensive examination in the first instance in respect of the issue, which was the basis for re-opening of assessment, it was necessary for the AO to indicate, what other material, or objective facts, constituted reasons to believe that the assessee had failed to disclose a material fact, necessitating reassessment proceedi...

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Regarding Filing of Form 68 for rectification of mistakes in Form 1, Form 1A and Form 44

General Circular No. 42/2012 21/12/2012

Rule 20G(1) of Companies (Central Government's) General Rules and Forms (Second Amendment), 2010 allows for filing of an application for rectification of mistakes made while filing Form No.1, Form No.lA and Form No.44 electronically, on the Ministry's website. ...

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Achievements of Ministry of Corporate Affairs during 2012

Passage of the new Companies Bill by Lok Sabha and introduction of the Competition Commission of India (Amendment) Bill 2012 in the Parliament are the highlights of the achievements of the Ministry of Corporate Affairs during 2012...

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Posted Under: Custom Duty |

Government Reviews Foreign investment Policy for Assets

The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs) registered with the Securities and Exchange Board of India (SEBI) to inv...

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Posted Under: Custom Duty |

Norms for listing of Stay and Appeals before CESTAT

Circular No. F.No.01(32)/R(Judl.)/CESTAT/2012 21/12/2012

The Hon'ble Vice President, CESTAT has ordered as under:- 1. Hence forth appeals and stay applications are to be listed in the cause list chronologically age-wise. 2. Assistant Registrars of the concern Benches will ensure that at least 20 stay applications and 15 regular matters are listed in cause list chronologically....

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