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Company Law – Clarification on the Commencement notification dated 12.09.2013

September 13, 2013 19392 Views 0 comment Print

Ministry of corporate Affairs has also notified 98 sections for implementation of the provisions of the companies Act, 2013 on 12.9.2013. Certain difficulties have been expressed by the stakeholders in the implementation of following provisions of the said Act.

Highlights: Economic Outlook 2013-14

September 13, 2013 932 Views 0 comment Print

Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister released the document ‘Economic Outlook 2013-14’ at a Press Conference in New Delhi today. Following are the highlights of the document: Economy to grow at 5.3% in 2013-14 Agriculture projected to grow at 4.8% in 2013-14 as against 1.9% in 2012-13. The early and […]

Tariff Rate of Gold, Silver , Pal Oil etc wef 13th September 2013

September 13, 2013 1196 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was

FIIs/QFIs permitted to invest in Government Debt without auction mechanism

September 13, 2013 271 Views 0 comment Print

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.

Circular on KYC requirements for Eligible Foreign Investors investing through PIS route

September 13, 2013 514 Views 0 comment Print

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.

Report on Reforming Regulatory Environment for Doing Business in India

September 13, 2013 718 Views 0 comment Print

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 […]

Export of Goods and Services – Simplification and Revision of Declaration Form for Exports of Goods/Softwares

September 13, 2013 11213 Views 0 comment Print

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.

Review of FDI policy – Definition for Control and Sector Specific Conditions

September 13, 2013 1100 Views 0 comment Print

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.

Special Clearing on September 14 and 15, 2013 to facilitate accounting of Income Tax

September 13, 2013 1289 Views 0 comment Print

These special clearings are exclusively for Government receipts and is in addition to the normal clearing operations conducted on September 14, 2013 (Saturday).

Monetary limit for audit under Punjab VAT Act, 2005 raised to one Crore from Fifty lac

September 13, 2013 2293 Views 0 comment Print

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.

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