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Administrator in co-operative housing societies: An Overstaying Guest!

January 15, 2009 71582 Views 27 comments Print

 The cases of appointment of administrators in co-operative housing societies are increasing.Generally the Deputy/Assistant Registrar of co-operative societies (“the Registrar”) appoints an administrator upon complaint(s) from member(s) of the society, if he finds that it is a fit case to expell the managing committee of the society. Such an action, may invite mixed reactions from […]

Deloitte & KPMG appointed Satyam auditors in Place of PWC

January 15, 2009 657 Views 0 comment Print

HYDERABAD: Fraud-hit Satyam Computer Services Ltd’s new board has appointed KPMG and Deloitte as the company’s new auditors, replacing PricewaterhouseCoopers, two newly appointed members of the board said on Wednesday.”Yes, they have been appointed,” said Deepak Parekh.

Special Bench overrules law on S. 292BB of the Income Tax Act, 1961

January 15, 2009 699 Views 0 comment Print

(1) S. 292BB, inserted by the F.A. 2008 w.e.f. 01.04.2008, creates a legal fiction and takes away the right of an assessee to claim that in case of invalid notice the whole proceedings taken pursuant to that notice would be void ab initio and will have no legal consequences; (2) However, the rule of interpretation of statutes is that a provision creating a new disability or obligation and imposing a new duty in respect of completed transactions cannot be construed to be retrospective;

Public Notice No. 133 (RE-2008)/2004-2009, Dated: 14.01.2009

January 14, 2009 322 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.

Public Public No. 132 (RE-2008)/2004-2009, Dated: 14.01.2009

January 14, 2009 319 Views 0 comment Print

NEW DELHI, DATED THE 14th January, 2009 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, Vol. I RE2008.

Notification No. 79 (RE-2008)/2004-2009, Dated: 14.01.2008

January 14, 2009 346 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC(HS).

Notification No. 78 (RE-2008)/2004-2009, Dated: 14.01.2009

January 14, 2009 391 Views 0 comment Print

For exports of special products / sectors, the duty credit scrip under this scheme shall be 2.5% of FOB value of exports; and such products / sectors, along with their linked markets, and admissible date of exports, shall be notified in Table 12 of Appendix 37D of HBPv1.

Notification No. S.O. 143(E), dated 14/01/2009

January 14, 2009 1213 Views 0 comment Print

S.O. 143(E) Declaration of M/s India Infrastructure Finance Company Limited as a Public Financial Institution under section 4A of the Companies Act, 1956

Notification No. S.O.144(E), dated 14/01/2009

January 14, 2009 619 Views 0 comment Print

The principal notification was published vide number S.O. 1270(E), dated the 30th May, 2008 and subsequently amended vide number S.O. 2266 (E), dated the 25th September, 2008.

Public Notice No. 131 (RE-2008)/2004-2009, Dated: 13.01.2009

January 13, 2009 496 Views 0 comment Print

In case of supply by DTA unit to a unit in SEZ, either a separate Certificate from the bank of the Receiving unit or specific endorsement in the BRC evidencing payment in Rupee made from the Foreign Currency Account of SEZ unit.

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