"24 July 2014" Archive

E-Voting As Per Companies Act 2013

General meetings of companies are held at their registered offices and it is not possible for every member specially a members holding minor shares to travel upto the registered office of the company and participate in the general meeting of the company....

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Posted Under: Company Law |

Finance Bill 2014 – A Delight For Tour Operator

The Finance bill, 2014 brought a big sigh of relief to the Tourism Sector. The Central Government has tried to plug some anomalies prevailing in the act with this Finance Bill and the Tourism sector has also welcomed this budget warm heartedly....

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Posted Under: Company Law |

Amendment in section 35E – Achhe din for Revenue

Dispute was going on the issue whether the first Appellate Authority or Tribunal can condone delay for late filing of review order under Section 35E(1) or not? As per Section 35E the Committee of Chief Commissioners is empowered to review an order passed by a Commissioner. ...

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Income Tax department to remain open on 26th & 27th July 2014

Order under Section 119(1) F.No.225/121/2014/ITA.II (24/07/2014)

The due date for filing of return of income within the meaning of Explanation 2(c) to section 139(1) of the Income Tax Act, 1961. is 315t July 2014. The Income tax authorities are hereby directed that for the convenience of the taxpayers', arrangements be made for accepting the returns of income during normal office hours on 26th July and...

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Seeks to impose definitive anti-dumping duty on imports of Rubber Chemicals originating in or exported from from China PR and Korea

Notification No. 35/2014-Customs (ADD) (24/07/2014)

there is likelihood of dumping and injury to the domestic industry if the existing duties on the subject goods being imported from the subject countries are allowed to expire and has recommended continuation of the imposition of anti-dumping duty on the subject goods, originating in or exported from subject countries....

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SEBI : Clarification on position limits of domestic institutional investors for currency derivatives contracts

CIR/MRD/DP/23/2014 (24/07/2014)

take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations....

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VCES application rejection for Delay or Short Payment of taxes valid – HC

Ramilaben Bharatbhai Patel Vs Union of India (Gujarat High Court)

The High Court of Ahmedabad held in the case of Ramilaben Bharatbhai Patel v. Union of India that in exercise of writ jurisdiction, the High Court does not have power to waive or relax the condition of depositing 50% of tax dues by December 31, 2013 under the Service Tax Voluntary Compliance Encouragement Scheme, 2013....

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Companies (Removal of Difficulties) Sixth Order, 2014

Order No. S.O. 1894(E) (24/07/2014)

Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date; And whereas clause (76) of section 2 of the Act, which provides for definition of the term "related party" has come into force on 12th Sep...

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Companies (Management and Administration) Second Amendment Rules, 2014

Notification No. G.S.R. 537(E) (24/07/2014)

Provided that nothing contained in this rule shall apply in relation to a trust which is created, to set up a Mutual Fund or Venture Capital Fund or such other fund as may be approved by the Securities and Exchange Board of India...

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Indirect Collection increases by 4.5% in First Quarter of 2014-15

Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year.  The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-...

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Posted Under: Company Law |