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Circulars

Registration of contracts with DGFT for export of sugar

December 24, 2012 382 Views 0 comment Print

Exporters desirous of exporting sugar may continue to obtain Registration Certificates accordingly. The conditions and modalities as mentioned in Policy Circular No. 62(RE-2010)/2009-14 dated 14.05.2012 and as modified by Policy Circular No. 63(RE-2010)/2009-14 dated 16.05.2012 will continue to apply.

Cestat Appeals and stay applications to be listed according to age

December 21, 2012 558 Views 0 comment Print

1. Henceforth appeals and stay applications are to be listed in the cause list chronologically age-wise. 2. Assistant Registrars of the concern Benches will ensure that at least 20 stay applications and 15 regular matters are listed in cause list chronologically.

Regarding Filing of Form 68 for rectification of mistakes in Form 1, Form 1A and Form 44

December 21, 2012 1642 Views 0 comment Print

Rule 20G(1) of Companies (Central Government’s) General Rules and Forms (Second Amendment), 2010 allows for filing of an application for rectification of mistakes made while filing Form No.1, Form No.lA and Form No.44 electronically, on the Ministry’s website.

Norms for listing of Stay and Appeals before CESTAT

December 21, 2012 2504 Views 0 comment Print

The Hon’ble Vice President, CESTAT has ordered as under:- 1. Hence forth appeals and stay applications are to be listed in the cause list chronologically age-wise. 2. Assistant Registrars of the concern Benches will ensure that at least 20 stay applications and 15 regular matters are listed in cause list chronologically.

SEBI – Requirement of Base Minimum Capital for Stock Broker and Trading Member

December 19, 2012 2520 Views 0 comment Print

SEBI has decided to realign the Base Minimum Capital (BMC) deposit requirements. The stock broker and trading members shall be required to provide BMC deposit based on their profiles i.e. whether trading on proprietary account only, or trading on behalf of clients only, or both including with or without algorithmic trading.

Corrigendum to General Circular No: 39/2012 related to XBRL Filing Due Date

December 18, 2012 1451 Views 0 comment Print

Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode for the financial year commencing on or after 01.04.2011- Corrigendum to General Circular No: 39/2012.

NOC from the concerned regulator/Institute for LLP Name approval/incorporation

December 17, 2012 9130 Views 0 comment Print

However, in case of change of name of an existing LLP, NOC from the concerned regulator shall be obtained at the time of making application for name approval because change of name of LLP is made by filing Form 5 through STP mode.

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

December 17, 2012 655 Views 0 comment Print

The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.

LLPs established to carry on a profession would now need to obtain NOC at the time of change of name

December 17, 2012 2159 Views 0 comment Print

In continuation of this Ministry’s Circular No. 2/2012, dated 1st March, 2012 on registration of companies or LLPs where one of their objects is to carry on the profession of Chartered Accountant, Company Secretary, Cost Accountant, Architect, etc.

ECB for low cost affordable housing projects

December 17, 2012 1267 Views 0 comment Print

It has been decided to allow ECB for low cost affordable housing projects as a permissible end-use,under the approval route. ECB can be availed of by developers/builders for low cost affordable housing projects. Housing Finance Companies (HFCs)/National Housing Bank (NHB) can also avail of ECB for financing prospective owners of low cost affordable housing units.

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