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RBI liberalises norms for Advance Remittance for Import of Rough Diamonds

April 1, 2014 1367 Views 0 comment Print

With a view to liberalising the procedure further facilitating the import of rough diamonds, it has now been decided that henceforth Reserve Bank of India will not notify the names of overseas mining companies from whom an importer (other than PSC or Department / Undertaking of Government of India / State Government) may import rough diamonds into India, by way of advance payments, without any limit / bank guarantee/ stand-by letter of Credit.

ACES Service Desk to work for extended hours on all Saturdays till 25th April 14 and on on last Sunday i.e. 20-04-2014

April 1, 2014 1004 Views 0 comment Print

In case of any difficulty in accessing the ACES Application or in filing the ST-3 returns, the assessees can seek help of the ACES Service Desk by sending e-mail to aces.servicedesk@icegate.gov.in or calling up National Toll-free number 1800 425 4251. In general, the Service Desk functions on any working day from Monday to Friday between […]

Cut-off date for registration to Common Proficiency Course (CPC)

April 1, 2014 832 Views 0 comment Print

Important Announcement For the Attention of Students registering for Common Proficiency Course (CPC) Announcement/227/14 January 8, 2014 Sub: Cut-off date for registration to Common Proficiency Course (CPC) to become eligible for appearing in Common Proficiency Test (CPT) to be held in June/ December every year. It is brought to the notice of all candidates who […]

ICAI President's Message – April 2014 – (31-03-2014)

April 1, 2014 1752 Views 0 comment Print

Dear Professionals, Warm greetings to all of you! You may find it interesting that when the first woman chartered accountant Ms. Ethel Watts called accountancy an eccentric choice of profession for women in 1924, it didn’t sound strange, including in India. But with Ms. Shirin K. Engineer of Mumbai and Ms. R. Shivabhogam of Chennai […]

First Bi-monthly RBI Monetary Policy Statement, 2014-15

April 1, 2014 1259 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation, we have decided today to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.

Companies (Issue of Global Depository Receipts) Rules, 2014

March 31, 2014 9386 Views 0 comment Print

Notification – In exercise of the powers conferred by section 41 read with 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:- 1. Short title and commencement. – (1) These Rules may be called Companies (Issue of Global Depository Receipts) Rules, 2014.

Corrigenda to Notification No. GSR 130E, Dated: 27.02.2014 on CSR

March 31, 2014 3169 Views 0 comment Print

Section 3, Sub-section (i) vide G.S.R. No. 130(E), dated the 28th February, 2014 at page 2, line 20 for promoting preventive health care read promoting health care including preventive health care.

Nidhi Rules, 2014

March 31, 2014 118049 Views 29 comments Print

Nidhi Rules, 2014 applies to every company which had been declared as a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956, every company functioning on the lines of a Nidhi company or Mutual Benefit Society but has either not applied for or has applied for and is […]

Companies (Miscellaneous) Rules, 2014

March 31, 2014 18358 Views 0 comment Print

Application for obtaining status of dormant company.- For the purposes of sub-section (1) of section 455, a company may make an application in Form MSC-1 along with such fee as provided in the Companies (Registration Offices and Fees) Rules, 2014 to the Registrar for obtaining the status of a Dormant Company in accordance with the provisions of section 455 after passing a special resolution to this effect in the general meeting of the company or after issuing a notice to all the shareholders of the company for this purpose and obtaining consent of atleast 3/4th shareholders (in value):

Companies Appointment & Remuneration of Managerial Personnel Rules, 2014

March 31, 2014 131266 Views 3 comments Print

Filing of return of appointment.- A company shall file a return of appointment of a Managing Director, Whole Time Director or Manager, Chief Executive Officer (CEO), Company Secretary and Chief Financial Officer (CFO) within sixty days of the appointment, with the Registrar in Form No. MR.1 along with such fee as may be specified for this purpose.

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