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Archive: 2013

Posts in 2013

ICAI President's Message – May 2013

April 30, 2013 1817 Views 0 comment Print

Dear Friends, Ethics is all about our becoming and feeling responsible about everything that is around us. We are responsible only when we appreciate everything that is ethical and denounce all that is not ethical around us. I would like our membership to ensure that they always go for the stricter interpretation, foregoing the liberal […]

Property can be sold on GPA and Agreement to Sell – HC

April 30, 2013 10254 Views 0 comment Print

Supreme Court in Suraj Lamp and Industries (P) Ltd. (2) vs State of Haryana reported has not said that in no case a conveyance can be registered by taking recourse to a GPA.

Anti-Dumping Duty on Import of Solar PV Modules

April 30, 2013 1138 Views 0 comment Print

The Ministry examines the effects of dumped goods on the domestic industry, and not cheap goods. Dumping takes place if the export price of a product is less than the normal value prevailing in the exporter’s country. In order to offset the adverse effects of dumped imports, Domestic Industry can avail the trade defence measures […]

Steps to strengthen the process and creations of Intellectual Property Rights

April 30, 2013 957 Views 0 comment Print

The Office of Controller General of Patents, Designs and Trade Marks has taken the following steps to strengthen the process and creations of Intellectual Property Rights. (i) The filing of Patents and Trademarks applications has been made online.

Conversion of a firm into a Limited Liability Partnership – Clarification

April 30, 2013 3059 Views 0 comment Print

The Ministry has been examining some of the issues raised by stakeholders with regard to clarifications on the provisions of the Limited Liability Partnership (LLP) Act, 2008 with regard to conversion of a partnership firm into LLP.

Five Years jail to Then Income Tax officer In Disproportionate Assets Case

April 30, 2013 1625 Views 0 comment Print

  The Special Judge for CBI cases, Visakhapatnam has convicted Sri Akella Venkata Subramanya Sastry, the then Income Tax Officer, Eluru, West Godavari District (Andhra Pradesh) U/s 13(2) r/w 13(1) (e) of P.C Act 1988 in Disproportionate Assets case and sentenced him to undergo Five Years Rigorous Imprisonment with fine of Rs.10,000/-. The Special Judge […]

Listed Companies to submit audited financial results for the entire financial year within sixty days of the end of financial year

April 30, 2013 17124 Views 0 comment Print

CS Kiran Kumar Guptha B As per SEBI Circular dated October 05, 2011, the following is an important amendment to Clause 41 of Listing Agreement: ‘The issuer shall submit audited financial results for the entire financial year, within sixty days of the end of the financial year. The issuer shall also submit the audited financial […]

Notification amending tariff Value of Gold, Silver etc. wef 30.04.2013

April 30, 2013 502 Views 0 comment Print

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, hereby makes the following amendment in the

Resolve Arrears Demand Grievances In Transparent Manner – CBDT

April 29, 2013 1922 Views 0 comment Print

The demand uploaded by AO’s on the CPC Portal together with demand in IRLA is way short of the total demand reported in CAP-I. And the demands uploaded, are sometimes incorrect or non-existent leading to grievances and causing aberrations in projection of total collection figures.

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

April 29, 2013 529 Views 0 comment Print

at least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling For this purpose.

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