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Archive: 04 September 2013

Posts in 04 September 2013

Central Excise Audits – Practical Perspective for Assessees

September 4, 2013 33984 Views 0 comment Print

Central Excise Audits have always been considered as grinding and comprehensive for the assesses because of nature of duty and complicated legal structure. The clearances, manufacture records, cenvat, job work, returns, stock, valuation, registers and other all sought of records is a clear indication of the depth required to ensure a smooth and hassle free […]

One Person Companies In The Offing

September 4, 2013 3214 Views 0 comment Print

No longer will one search for business partners or shareholders to form a company. Forming a company will not require company of anyone else and one can fulfill his or her dream of having a company on his own by there being just one member of that company.

Rules & Form for income distribution by a securitisation trust

September 4, 2013 1018 Views 0 comment Print

Notification No. 68/2013 – Income Tax 12BA. Statement under sub-section (3) of section 115TA. – (1) The statement of income distributed by the securitisation trust shall be furnished as provided in sub-rule (2) to – (i) the Assessing Officer so designated by the Chief Commissioner or Commissioner of Income-tax, within whose area of jurisdiction, the principal office of the securitisation trust is situated;

Notification No. 94/2013-Customs (N.T.) Daed – 4th September, 2013

September 4, 2013 986 Views 0 comment Print

In exercise of the powers conferred by clause (c) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in

Write Full Name of His Lordship – Bombay HC Registrar

September 4, 2013 736 Views 0 comment Print

It is observed by the Hon’ble Shri justice Anoop V. Mohta that the Office is not taking care to put/write the Full name of His Lordship and they are still writing His Lordship’s name as ‘A. V. Mohta’ instead of ‘Anoop V. Mohta’ and directed this Registry to issue immediate directions to all concerned.

RBI clarifies its recently revised Overseas Direct Investment Guidelines

September 4, 2013 1352 Views 0 comment Print

It may be noted that the Reserve Bank of India had announced the revised guidelines for overseas direct investment by Indian parties on August 14, 2013. This measure had been taken in the context of current macro-economic situation. It was not the intention of the Reserve Bank of India to restrict bona-fide and genuine overseas direct investment transactions by Indian companies.

Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011

September 4, 2013 1064 Views 0 comment Print

Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011 with official amendments; Subscribers Seeking Minimum Assured Returns Allowed to OPT for Investing their Funds in such Scheme Providing Minimum Assured Returns The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 was passed by the Lok Sabha today with official amendments. It was […]

Peak Filing of Balance Sheet & Annual Return 2013

September 4, 2013 1662 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS DEAR CORPORATES, TO AVOID LAST MINUTE RUSH AND SYSTEM CONGESTION IN MCA21 TOWARDS END OF OCTOBER AND NOVEMBER 2013, EXPEDITE FILING OF BALANCE SHEET AND ANNUAL RETURN WITHOUT WAITING FOR THE LAST DAYS OF THE MONTHS.

ICSI invite Suggestions for revsision in gudilines for approval of concern/firm name

September 4, 2013 513 Views 0 comment Print

Attention Members The Guidelines for approval of firm name laid down by the Council of the Institute under Regulation 169 of the Company Secretaries Regulations, 1982 are under review for necessary changes. The guidelines are available on the website of the Institute at link  http://www.icsi.edu/CSPractice/FirmnamesGuidelines Members are requested to send their valuable inputs/suggestions for revision […]

Operational flexibility to exporters and importers to hedge their foreign exchange risk

September 4, 2013 427 Views 0 comment Print

On a review of the evolving market conditions and with a view to providing operational flexibility to exporters and importers to hedge their foreign exchange risk, it has now been decided to: (a) allow exporters to cancel and rebook forward contracts to the extent of 50 percent of the contracts booked in a financial year for hedging their contracted export exposures, and

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