"28 June 2013" Archive

Name availability guidelines,2011 – Registration of Electoral Trusts as Companies u/s. 25 of the Companies Act,1956

General Circular No. 12/2013 (28/06/2013)

However, the company to be formed under section 25 of the Act, shall be the new company and such company will be required to comply with section 293-A of the Act. Further, Name application may be accompanied with an affidavit to the effect that the name to be obtained shall be only for the purpose of registration of companies under Elect...

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DVAT – Extension of date of filing Stock Statement in Form Stock -1 online

Notification No. F.7(43 3)/Policy-II//VAT/20 12/Part file/353-364 (28/06/2013)

In partial modification to Notification No.F.7(43 3)/Policy-II//VAT/20 12/472-483 dated 16.08.2012, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section (1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of stock stat...

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RBI releases Draft Guidelines on Wealth Management/Marketing/ Distribution Services offered by Banks

DBOD.CO.FSD.No. /24.01.026/2012-13 (28/06/2013)

As per extant instructions, banks are allowed to market insurance and mutual fund products as agents of other entities on non-risk participation basis. It has been observed that in some cases, banks did not have clear segregation of duties of marketing personnel from other branch functions, and bank employees were directly receiving incen...

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A New ITR-5S Is Required For 44AD Firms

The assessment of the Partnership firms under the Income tax Act, 1961 has very specific characteristics and the “Remuneration and interest to partners” are two very specific figures without which one cannot calculate the tax liability of a partnership firm. ...

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Posted Under: Company Law |

Tariff of Gold and Silver Further Reduced – Notification No. 69/2013-Customs., (N.T.), Dated: June 28, 2013

Notification No. 69/2013-Customs (N.T.) (28/06/2013)

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do...

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Validity of circular issued by Commercial Tax Authorities under Uttarakhand VAT Act, 2005

To sum up, the Commissioner of Commercial Tax being so placed in the hierarchy of the department can issue instruction to his subordinates but in the administrative field only. There is nothing wrong if the Commissioner of Commercial Tax issue such circulars which bring to the notice of his subordinates things likes changes in legislation...

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Posted Under: Company Law |