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Circulars

CBEC clarifies on Method of calculation of safeguard duty

November 14, 2014 10516 Views 0 comment Print

Circular No.11/2014-Customs, Dated- 14th November, 2014 Representations have been received from the trade and the field formations regarding the method of calculation of safeguard (SG) duty leviable under notification No.4/2012-Customs (SG) dated 05.10.2012 on import of carbon black against Advance Authorization.

Company Law Settlement Scheme,2014 (CLSS-2014) extended up to 31/12/2014

November 14, 2014 2892 Views 0 comment Print

General Circular No. 44/2014 Dated: 14.11.2014 Subject: COMPANY LAW SETTLEMENT SCHEME, 2014 (CLSS-2014) In continuation to the Ministry’s General Circular No. 34/2014 dated 12.08.2014 and 40/2014 dated 15/10/2014 on the subject cited above, this Ministry has, on consideration of requests received from various stakeholders, has decided to extend the Company Law Settlement Scheme (CLSS 2014) […]

Applicability of provisions of Chapter III of Companies Act, 2013 to issue of FCCBs & FCBs

November 13, 2014 4201 Views 0 comment Print

The Ministry has been receiving references from stakeholders seeking clarity on applicability of provisions of Chapter III of the Companies Act, 2013 (Act) to the issue of Foreign Currency Convertible Bonds (FCCBs) and Foreign Currency Bonds (FCBs) by Indian companies exclusively to persons resident outside India in accordance with applicable sectoral regulatory provisions.

Cheque related fraud cases – preventive measures

November 13, 2014 3312 Views 0 comment Print

The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or processing the cheques and monitoring newly opened accounts.

Consolidated Account Statement (CAS) for all securities assets

November 12, 2014 2423 Views 0 comment Print

Pursuant to the Interim Budget announcement in 2014 to create one record for all financial assets of every individual, SEBI had extensive deliberations with the Depositories, AMFI and RTAs of Mutual Funds (MF-RTAs) to implement it with respect to financial assets of securities market.

MCA extends due date of Filing Form CRA-2 to 31st January, 2015

November 12, 2014 5944 Views 0 comment Print

General Circular No. 42/2014 has been notified by MCA on November 12, 2014 in relation to matters relating to the Companies (Cost Records and Audit) Rules, 2014. Due to delay in availability of Form CRA-2 on MCA website, the date of filing of the said form without late penalty/fee has been extended to January 31, 2015.

Delhi VAT – Filing of online return for 2nd quarter of 2014-15 – extension of period thereof

November 12, 2014 3385 Views 0 comment Print

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF/482-488 Dated: 10/11/2014 CIRCULAR NO. 16 of 2014-15 Sub: Filing of online return for 2nd quarter of 2014-15 – extension of period thereof. In partial modification to this department’s Circular No.14 of 2014-15 on the […]

Excisability of Odoriferous compound/agarbathi mix arising during the course of manufacture of agarbathi – regarding

November 7, 2014 1132 Views 0 comment Print

Attention is invited to Board’s circular no. 495/61/99-CX.3 dated 22.11.1999 (issued from F.No. 103/6/98-CX.3) regarding the above subject. It was clarified therein that ‘Odoriferous Compound’ is normally used in the manufacture of Agarbathis in a continuous manner. The formula of preparation of such compounds is kept a secret.

Bullet Repayment – Gold Loan Limit Increased to 2 Lakh

October 30, 2014 1895 Views 0 comment Print

2. Based on the representations received from UCBs and National/State Federations, it has been decided to increase the quantum of loan that could be granted under the scheme, from Rs. 1.00 lakh to Rs. 2.00 lakh subject to the following conditions:

SEBI : Revision of proprietary position limits of non-bank stock brokers for currency derivatives contracts

October 22, 2014 685 Views 0 comment Print

) take necessary steps to put in place systems for implementation of this circular, including necessary amendments to the relevant bye-laws, rules and regulations;

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