"03 September 2013" Archive

MCA invites comments from member on stopping payment through phyical Challan

NA

NOTICE The Ministry had reviewed the processes involved in delivery of important services to stakeholders and with a view to improving service delivery time, decided to accept payments of value upto Rs. 50,000/- for MCA21 services only in electronic mode w.e.f. 27.3.2011. It was also intimated in the same circular No. HQ/9/2002-Computeris...

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Posted Under: Company Law |

SEBI – Index based market-wide circuit breaker mechanism

Circular No. CIR/MRD/DP/ 25 /2013 (03/09/2013)

Please refer to SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001 directing stock exchanges to implement an index based market wide circuit breaker system to affect a coordinated trading halt in all equity and equity derivative markets on index movement either way of 10%, 15% and 20%....

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Relaxation of last date and additional fee in filing of e-Form 23C for Appointment of Cost Auditor

General Circular No. 14/2013 (03/09/2013)

It has now been decided to extend the last date of filing and to relax the additional fee applicable on e-form 23C up to 31' October, 2013 and as such the e-form 23C can be filed for appointment of cost auditor with normal applicable fee, up to 31St October, 2013 or within 90 days of the commencement of the company's financial year to whi...

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Presidents gives Assent to Companies Act, 2013 + Download

The Companies Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 18 of 2013 The historic new Company Law in the country has been enacted with the President of India giving his assent to the Companies Bill, 2013. It has now been published in the Gazette of […]...

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Posted Under: Company Law |

Corporate Social Responsibility and Sustainability Provision for Central Public Sector Enterprises

The Department of Public Enterprises (DPE) has issued guidelines on Corporate Social Responsibility (CSR) and Sustainability for Central Public Sector Enterprises (CPSEs) in April, 2013 wherein each CPSE shall, with the approval of its Board of Directors, make a budgetary allocation for CSR and Sustainability activities/projects for the y...

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Posted Under: Company Law |

Tax Audit Problems & Solutions – Technical & Other Issues

What are operating system and runtime environment requirement for E-filling of Tax Audit Report? Our system becomes very slow during working on e-utility. What should we do? I am unable to register as CA as there is difference in name/date of birth as per ICAI and PAN data. What to do?...

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Posted Under: Company Law |

E-Filing Audit Report One More Controversy: Signed Or Unsigned Financial Statements

CA Sudir Halakhandi One more controversy is going on with respect to uploading of the financial statements i.e. “Balance sheet and profit and loss account” with Form 3CD/ 3CB and this controversy is related to the physical signatures on the “Financial statements” before uploading the same on the site. 50% of the questions received...

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Service Tax Voluntary Compliance Encouragement Scheme (VCES)

CA Tarannum Khatri VCES means gift to taxpayers by finance minister. Voluntary pay your tax and get many benefits. Period: 1st October  2007 to 31st  December  2012 Eligibility:...

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Posted Under: Company Law |

Overview of E-trip and E-ICC under Punjab VAT Act, 2005

What is E-Trip and E-ICC:  E-trip and E-ICC has come into force w.e.f 01-08-2013 in Punjab. E-trip is the reporting of intra-state and E-ICC is the reporting of inter-state transactions meant for trade under section 51 of Punjab VAT Act. 2005 on the virtual information collection centre on the official website of the Excise & Taxati...

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Posted Under: Company Law |

Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website

RBI/2013-14/214 DBOD.No.Leg.BC.48/09.07.005/2013-14 (03/09/2013)

Please refer to circular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005 wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that banks are not following the simplified procedure as advised in the circular....

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