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Archive: 08 August 2013

Posts in 08 August 2013

Companies Bill, 2012 passed by Rajya Sabha

August 8, 2013 2390 Views 0 comment Print

The much-awaited Companies Bill, 2012 has been passed by Rajya Sabha at today’s session. So now, let’s gear up for new rules and regulations for better Corporate Environment. CS S. N. Ananthasubramanian, President, Council of the ICSI welcomes the brand new, modern, growth oriented and futuristic Company Law passed by Rajya Sabha today (08.08.2013). On […]

SEBI(Buy back of Securities) (Amendment) Regulations, 2013

August 8, 2013 526 Views 0 comment Print

in exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of Section 77A of the Companies Act, 1956 (1 of 1956), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998,

SC on Maintainability of Writ Petitions in Assessment/Reassessment cases

August 8, 2013 7293 Views 0 comment Print

Explore Income Tax Act assessments, appeals, and writ jurisdiction. Understand when to use Article 226, backed by a Supreme Court judgment.

3CD/ 3CB Utility Still Has Problems

August 8, 2013 33544 Views 23 comments Print

CA Sudhir Halakhandi – The utility of 3CD/3CB, even after correction made in it , is not a user friendly utility and we have already indicated some of the mistakes in it. Some more mistakes were noticed by other experts and chartered accountants and the same were reported at various places in workshops and seminars related to this new feature which has been added to the work of chartered accountants.

India signs Protocol amending India – Morocco Double Taxation Avoidance Convention (DTAC)

August 8, 2013 555 Views 0 comment Print

India signed a Protocol amending the India – Morocco Double Taxation Avoidance Convention (DTAC) in New Delhi today. The Protocol was signed by Dr Sudha Sharma, Chairperson, Central Board of Direct Taxes on behalf of Government of India and H.E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India on behalf of Government of the Kingdom of Morocco.

CCI imposes penalty of Rs. 6.25 crores on 11 Shoe Companies

August 8, 2013 775 Views 0 comment Print

The Competition Commission of India (CCI) has imposed a penalty of Rs. 625.43 Lakhs on 11 Companies in a case filed by Director General-Supplies & Disposal (DGS&D), New Delhi relating to a tender for supply of polyester blended duck ankle boots rubber sole. CCI found these 11 Companies to have violated the provisions of Competition Act, 2002 which deals with anticompetitive agreements.

How to Make online Application of RTI

August 8, 2013 2462 Views 0 comment Print

Government of India has started a RTI online web portal whereby Right to Information (RTI) applications can be filed online by Indian citizens, including those who are living abroad. The detailed procedure in filing of on-line RTI applications is as under:- An Indian citizen can file RTI application online through RTI online web-portal, having url […]

Empanelment with Allahabad Bank of Concurrent/ Revenue Auditor

August 8, 2013 5174 Views 0 comment Print

The last date for receipt of Bio-data is 10th August, 2013 1. Allahabad Bank invites applications in the under noted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent/ Revenue Auditor in the Bank. 2. The panel of auditors maintained last year (excluding existing […]

Penalty applies if assessee knowingly made a false claim of deduction U/s. 80IB

August 8, 2013 5090 Views 0 comment Print

Briefly, the facts necessary for adjudication of the controversy involved, as narrated in the appeal, may be noticed. The respondent-assessee is a company engaged in manufacture of hosiery goods at Ludhiana.

Customs – Seeks to levy definitive antidumping duty on resin or other organic substances bonded fibre boards etc

August 8, 2013 396 Views 0 comment Print

Whereas, in the matter of resin or other organic substances bonded wood or ligneous fibre boards of thickness below 6mm, except insulation boards, laminated fibre boards and boards which are not bonded either by resin or other organic

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