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Circulars

SEBI : Infrastructure facilities and submission of periodic reports

April 28, 2014 610 Views 0 comment Print

In order to ensure proper functioning of the FPI regime, it is imperative that DDPs should have adequate infrastructure facilities and appropriate systems and controls in place. Accordingly, it has been decided

Delhi VAT – DVAT-16 ,DVAT-17 & DVAT-48 due date to file extended

April 28, 2014 10838 Views 0 comment Print

In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules,2005, I, Prashant Goyal, Commissioner, Value Added Tax, do hereby extend the last date of online filing of fourth quarter return for the year 2013-14, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexures, and submission of hard copy to 09/05/2014.

Availability of E-Form/Non-E-Form under Companies Act, 2013

April 25, 2014 13029 Views 0 comment Print

In continuation of General Circular No. 6 of 2014, I am directed to inform that w.e.f. 28th April 2014, 46 e-forms including 3 general e-forms will be available for filing by the stakeholders. The 3 General e-Forms will be used for filing 17 forms which are not available as e-forms as on date.

Delhi VAT – For digital signature for online filing of applications/returns etc.

April 23, 2014 5754 Views 0 comment Print

All registered dealers can avail of the facility by obtaining digital signatures from any pf the certifying authorities. The dealers filing the returns online by using digital signature need not to file Return verification Form in Form DVAT-56.

RBI advises guidelines on uniform accounting standard for ARCs

April 23, 2014 1009 Views 0 comment Print

Expenses incurred at pre acquisition stage for performing due diligence etc. for acquiring financial assets from banks/ Fls should be expensed immediately by recognizing the same in the statement of profit and loss for the period in which such costs are incurred.

SEBI : Revised guidelines for Liquidity Enhancement Scheme in Equity Cash and Equity Derivatives Segments

April 23, 2014 532 Views 0 comment Print

. A conflict of interest framework shall be put in place by the stock exchange for the liquidity enhancement scheme. Such a framework shall provide for obligation on the part of the market maker / liquidity enhancer to disclose any conflict of interest while participating in the scheme. The same shall be disclosed by the stock exchange on their website

Clarification regarding treatment of expenditure incurred for development of roads/highways in BOT agreements

April 23, 2014 6248 Views 0 comment Print

3. In BOT arrangements for development of roads/highways, as a matter of general practice, possession of land is handed over to the assessee by the Government/notified authority for the purposes of Construction of the project without any actual transfer of ownership and such assessee has only a right to develop and maintain such asset. It also enjoys the benefits arising from use of asset through collection of Toll for a specified period without having actual ownership over such asset. Therefore, the rights in the

Corporate Governance in listed entities – Amendments to Clauses 35B & 49 of Equity Listing Agreement

April 17, 2014 4116 Views 0 comment Print

The Companies Act, 2013 was enacted on August 30, 2013 which provides for a major overhaul in the Corporate Governance norms for all companies. The rules pertaining to Corporate Governance were notified on March 27, 2014.

Consolidated FDI Policy – FDI Guidelines – Dated 17-4-2014 – FEMA

April 17, 2014 5868 Views 0 comment Print

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC Section) Circular 1 of 2014 Subject: Consolidated FDI Policy. The “Consolidated FDI Policy” is attached. 2. This circular will take effect from April 17, 2014. Download Consolidated FDI Policy (Anjali Prasad) Additional Secretary to the Government of India D/o IPP […]

FAQs on computation of VAT liability of developers after SC judgment in case of L&T Ltd.

April 17, 2014 17611 Views 0 comment Print

The stages mentioned and percentage deduction provided for various stages of construction are based upon the recommendations of the Public Works Department of Government of Maharashtra.

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