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Archive: 09 June 2014

Posts in 09 June 2014

Clarification regarding maintaining register in new format-Section 186(9)

June 9, 2014 3396 Views 0 comment Print

In this connection, it is hereby clarified that registers maintained by companies pursuant to sub-section (5) of Section 372A of Companies Act, 1956 may continue as per requirements under these provisions and the new format prescribed vide Form MBP2 shall be used for particulars entered in such registers on and from 1.4.2014.

Notification No. 25/2014-Customs (ADD) Dated: 09.06.2014

June 9, 2014 18190 Views 0 comment Print

The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.

One Documentary Proof of Address – RBI further simplifies KYC Norms for Bank Accounts

June 9, 2014 1607 Views 0 comment Print

Henceforth, customers may submit only one documentary proof of address (either current or permanent) while opening a bank account or while undergoing periodic updation. In case the address mentioned as per ‘proof of address’ undergoes a change, fresh proof of address may be submitted to the branch within a period of six months.

Companies having paid up share capital of 5 crore or more shall have a whole-time company secretary

June 9, 2014 31152 Views 4 comments Print

Appointment of Company Secretaries in companies not covered under rule 8.—A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.

CBDT asks officers to submit proposals by email instead of submitting personally

June 9, 2014 941 Views 0 comment Print

2. However, it is observed that certain officers are visiting CBDT personally only for submitting the proposals to the Board and that too without any prior intimation. The undersigned is directed to convey that such visits not only result in wastage of time of officers but also lead to undesirable expenditure incurred on tour. It is reiterated that the proposals and the requisite information may strictly be sent by post

Clarifications on Rules related to appointment and qualifications of directors and Independent Directors

June 9, 2014 7248 Views 0 comment Print

The matter has been examined. In view of the specific provisions of Schedule IV, appointment of ‘IDs’ under the new Act would need to be formalized through a letter of appointment.

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