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Personal verification of PAN applications by visiting the applicant

July 22, 2009 699 Views 0 comment Print

NSDL has put a notice on his website mentioning that they will verify Identity and address of a certain percentage of PAN applications although they haven’t mentioned much detail about the mode of visit, timing, within how much day of application, who will be authorized to visit etc. The notice on NSDL website is as […]

CIC decided, CA student to get copy of answer sheet under RTI Act

July 22, 2009 2024 Views 0 comment Print

Name of the Appellant: Ms. Vikita Vishanji Soni , Name of the Public Authority: The Institute of Chartered Accountants of India , Decision No.4167/IC(A)/2009 , F. No.CIC/MA/A/2009/000474 , Dated, the 13th July, 2009 , Delivered by : Central Information Commission.

Reopening of Completed assessment, onus lies mainly on department to confront assessee with evidence

July 22, 2009 564 Views 0 comment Print

21. We have heard the parties and have perused the material on record. The learned Commissioner (Appeals) has held that the case of the Assessing Officer was based on the statement of Shri Ramesh Kumar, which was not confronted to the assessee, which was incumbent upon the department to do, since it was a case of reopening of a completed assessment.

Reassessment on ground of allowance of excess deduction on incentives of DEPB U/s. 80HHC

July 22, 2009 711 Views 0 comment Print

7. We have considered the issue. The learned CIT (A) has considered that there was a change of opinion by the A.O. and he deemed to have formed an opinion at the time of original assessment on allowing 80HHC deduction on DEPB. There is nothing on record to support the opinion formed by the learned CIT(A) on this issue. The learned counsel during the present proceedings

Indian Depository Receipt Rules notified by GOI operationalises with immediate effect

July 22, 2009 805 Views 0 comment Print

Foreign Institutional Investors (FIIs) including SEBI approved sub-accounts of the FIIs, registered with SEBI and Non-Resident Indians (NRIs) may also invest, purchase, hold and transfer IDRs of eligible companies resident outside India and issued in the Indian capital market, subject to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 notified vide notification no. FEMA 20 / 2000-RB dated May 3, 2000.

Public Notice No. 191 (RE-2008)/2004-2009, Dated: 21.07.2009

July 21, 2009 445 Views 0 comment Print

Indian Rupee Value of the special currency Basket for the purposes of deferred payments contracts entered into under the Deferred Payments Protocol dated the 30th April, 1981 for the period 1.1.81 to 31.12.85 and the Deferred payments protocol dated 23rd December, 1985 for the period 1.1.1986 to 31.12.90 between the Government of India and the former USSR relating to the deliveries of machinery and equipment from the USSR to India on deferred payment terms.

Public Notice No. 190 (RE-2008)/2004-2009, Dated: 21.07.2009

July 21, 2009 280 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Appendix 2 (List of Export Promotion Councils/ Commodity Board) of the Handbook of Procedures (Vol.I).

Re-constitution of National Advisory Committee on Accounting Standards

July 21, 2009 538 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of Section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an advisory committee to be called the National Advisory Committee on Accounting standards, consisting of the following Members to advise the Central Government on the formulation and laying down of accouting policies and accounting standards for adoption by companies or class of companies under the said Act :—

SEBI : Abolition of no-delivery period for all types of corporate actions.

July 21, 2009 565 Views 0 comment Print

circular is being 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.

SEBI : Amendments to the Equity Listing Agreement

July 21, 2009 439 Views 0 comment Print

The company agrees that it shall not issue shares in any manner which may confer on any person, superior rights as to voting or dividend vis-à-vis the rights on equity shares that are already listed.

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