This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Attention is also drawn to Rule 9(2) of the PML (Maintenance of Records) Rules, 2005 (Government of India, Ministry of Finance, Department of Revenue, Notification dated August 27, 2013) which provides that a reporting entity may rely on third party client due diligence subject to conditions mentioned therein.
Damodar Committee Report on Reforming the Regulatory Environment for Doing Business in India If all you have is a hammer, everything looks like a nail! Such are the concerns relating to raising economic growth that everything in the business environment seems to be a candidate for reforms. Reforming the business environment has proved to be […]
In order to simplify the existing form used for declaration of exports of Goods/Softwares, a common form called Export Declaration Form (EDF) has been devised to declare all types of export of goods from Non-EDI ports and a common SOFTEX Form to declare single as well as bulk software exports.
It has been decided to revise the definition of the term ‘control’ as under; – ‘Control’ shall include the right to appoint a majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreements or voting agreements.
These special clearings are exclusively for Government receipts and is in addition to the normal clearing operations conducted on September 14, 2013 (Saturday).
1 (1) These rules may be called the Punjab Value Added Tax ( Amendment) Rules, 2013. (2) They shall come into force on and with effect from the date of their publication in the Official Gazette. 2 In the Punjab Value Added Tax Rules, 2005 in rule 41, for the words fifty lacs,the words one crore shall be substituted.
Payment of Quarterly Advance Tax on or before 15th September, 2013 All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday Sunday) All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax […]
the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012, and was last amended vide notification No.41/2013- Customs, dated the 13th August, 2013, published vide number G. S. R.543 (E), dated the 13th August, 2013.
Exemption u/s. 54F has been granted to the assessee with a view to encourage construction of one residential house. The construction/purchase of a house other than one residential house is not covered by section 54F of the Act.
