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Archive: 17 January 2013

Posts in 17 January 2013

Listed co. can’t frame any scheme for ESOP if it involves acquisition of own securities from secondary market

January 17, 2013 825 Views 0 comment Print

SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 (“SEBI (ESOS & ESPS) Guidelines”) were issued to enable listed entities to reward their employees through stock option schemes and stock purchase schemes and to ensure that such schemes introduced by the companies are within the regulated framework.

Govt Revises Passenger Rail Fares W.E.F. 22.01.2013

January 17, 2013 627 Views 0 comment Print

Details Regarding Revision in Passenger Fares W.E.F. 22.01.2013 The Ministry of Railways has now issued circular giving details of its decision to revise Passenger Fares w.e.f. 22.01.2013. Details of the fare revision are as under:- 1.      Minimum Fare: The Minimum fare chargeable will be Rs. 5. 2.      Development Charge: On the revised basic fares which […]

Search online if your dividend is lying unpaid or Unclaimed

January 17, 2013 2224 Views 0 comment Print

The Ministry of Corporate Affairs has launched a new search facility on its website for unpaid and unclaimed amounts lying with the companies. Investors can visit the web page www.iepf.gov.in and obtain information regarding such amounts by providing any of the following combination:

Lewd remarks- IT Comm asked to undergo psychological tests

January 17, 2013 2332 Views 0 comment Print

An Income Tax Commissioner was Wednesday directed by the Delhi High Court to get himself psychologically assessed for making “lewd” and “scurrilous” statements against female colleagues despite previous warnings.

Reporting under Foreign Exchange Management Act, 1999 (FEMA)

January 17, 2013 9835 Views 0 comment Print

During the compounding process, on a number of occasions, it has been brought to our notice by the applicants that the contraventions of the provisions of FEMA by corporates and individuals are due to the acts of omission and commission of the Authorised Dealers and some of the applicants have also produced documentary evidence in support of their claim. Such contraventions being dealt with by the Reserve Bank mainly relate to:

Rate of exchange of conversion of each of foreign currency WEF 18th January, 2013

January 17, 2013 1646 Views 0 comment Print

Notification No. 05/2013-Customs (N.T.) – DATED THE 17th January, 2013 Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 18th January, 2013 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Diagnostic Centre is not an industrial undertaking u/s. 80-IA

January 17, 2013 2748 Views 0 comment Print

What is important is that the primary activity is not manufacture or processing of goods; the end use product is one capable of use only by one person, for a limited purpose; even the “producer” has no right to disseminate it in any manner, because it is the private property or confidential matter of the patient.

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