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Archive: 26 September 2013

Posts in 26 September 2013

COMPANIES ACT 2013 [Provisions w. e .f. 12-09-2013]

September 26, 2013 8604 Views 0 comment Print

1) Section 19: Subsidiary company not to hold shares in its holding company:- The company shall not either by itself or through its nominees, holds any shares in its holding company and no holding company shall allot or transfer its shares to any of its subsidiary companies

MVAT – SC approve k. Raheja Development judgment

September 26, 2013 4063 Views 0 comment Print

Supreme Court approves the Raheja Developments judgment as laying down correct legal provision and also rejects challenge to amendment to provisions of explanation (b)(ii) to section 2(24) of MVAT Act and valididy of Rule 58(1-A) of MVAT Rules is sustained.

SEBI : Investor Grievance Redressal Mechanism

September 26, 2013 1243 Views 0 comment Print

make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately

SEBI : Arbitration Mechanism in Stock Exchanges

September 26, 2013 361 Views 0 comment Print

make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately

Tax Audit Report date Extension – No Extension in Real Sense

September 26, 2013 15811 Views 0 comment Print

CBDT has vide its order dated 26.09.2013 has extended the due date for e-filing of Tax Audit Report to 31.10.2013. The order has nowhere mentioned about the due date for e-filing of Income tax Return (ITR). It seems due date for filing of ITR are been kept same.

Tax audit report due date for e-filing extended to 31.10.2013

September 26, 2013 14135 Views 0 comment Print

(a) The assesses, who are presently finding it difficult to upload the prescribed Reports of Audit (as referred to above) in the system electronically may also furnish the same manually before the jurisdictional Assessing Officer within the prescribed due date. (b) The said Report of Audit should however be furnished electronically on or before 31.10.2013.

Notification No. 46/2013-Customs Dated: 26/09/2013

September 26, 2013 838 Views 0 comment Print

The principal notification number 64/2008-Customs, dated the 9th May, 2008 was published in the Gazette of India, Extraordinary

SEBI : Monetary relief to investors having claims upto Rs.10 lac

September 26, 2013 1223 Views 0 comment Print

With a view to streamline the investor grievance redressal mechanism at Stock Exchanges and make it more effective from the angle of investor protection, SEBI has decided to give monetary relief to investors having claims upto Rs.10 lac, during the course of proceedings from the Investor Protection Fund of Stock Exchange. Further, SEBI has decided to shorten the time taken for these proceedings.

ICAI loses important RTI case on study circle

September 26, 2013 2814 Views 0 comment Print

The CPIO vide her letter dated 21.08.2012, while, inter-alia, informing the Appellant that the relationship between ICAI and CPE study circles is only for limited purpose of recognizing the CPE hours, denied the information on the ground that the same was not maintained by them.

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