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Archive: 19 June 2014

Posts in 19 June 2014

e-voting Procedure for shareholders

June 19, 2014 1763 Views 0 comment Print

Normally, the company may provide e-voting facility through NSDL or CDSL as an alternative, for all the shareholders of the company to enable them to cast their votes electronically on the resolutions mentioned in the notice of the general meeting.

Infrastructure Finance Companies and ID-NBFCS to Issue Secured Debentures

June 19, 2014 577 Views 0 comment Print

Infrastructure Finance Companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCS) to Issue Secured Debentures The Ministry has decided to allow Infrastructure Finance companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCs) to issue secured debentures for a period up to thirty years. Similarly, Housing Finance companies have been allowed relaxed terms for maintaining Debenture […]

Rate of exchange of conversion of each of foreign currency WEF 20.06.2014

June 19, 2014 1840 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India

Anti dumping duty to continue om import from China of all kinds of plastic processing or injection moulding machines

June 19, 2014 1532 Views 0 comment Print

Anti-dumping duty on all kinds of plastic processing or injection moulding machines, also known as injection presses, having clamping force not less than 40 tonnes and not more than 1000 tonnes, originating in or exported from China PR, Notification No.28/2014-Customs(ADD), Dated- 19th June, 2014

Export and Import of Currency: Enhanced facilities for residents and non-residents

June 19, 2014 1058 Views 0 comment Print

In view of the evolving economic conditions and with a view to facilitating travel requirements of residents travelling aboard as well as non-residents visiting India, it has been decided to allow all residents and non-residents (except citizens of Pakistan and Bangladesh and also other travellers coming from and going to Pakistan and Bangladesh) to take out Indian currency notes up to Rs. 25,000 while leaving the country.

Share application money cannot be treated as loan for mere delay in allotment

June 19, 2014 3122 Views 0 comment Print

Assessee argued that the clear transactions involving payment of share application money cannot be treated as international transactions of loans given by the assessee company to its AE merely because there was a delay in allotment of shares.

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