I am directed to state that Board is in receipt of references seeking clarification regarding applicability of appropriate rate of interest on goods warehoused
These regulations may be called the Securities and Exchange Board of India (Mutual Funds) Fourth Amendment Regulations, 2002.(ii) They shall come into force on the date of their publication in the official gazette.2. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,
Amendment in the Notification No. S.O. 1280(E) dated 28.12.01 – amendment in the Committee to administer the Investor Education and Protection Fund.
Corrigendum to Notification No. G.S.R. 419(E) dated 11.06.02 – Amendment in the Companies (Appointment and Qualifications of Secretary) Rules, 1988.
Circular No. 10 of 2002-Income Tax Section 195 of the Income-tax Act, 1961 provides that any person responsible for paying to a non-resident any sum chargeable under the Act shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by cheque or draft or any other mode, whichever is earlier, deduct income-tax thereon at the rates in force.
The powers delegated above will be exercised by Head of Departments under Central Board of Excise and Customs subject to availability of sanctioned budget
Circular No. 671/62/2002-CX I am directed to say that vide Sl.No 3(b) of Circular No.643/34/2002-CX dt.1.7.2002 it had, inter alia, been clarified that the amount of sales tax that could be deducted from the sale price of a commodity to arrive at the assessable value would be the net sales tax i.e. after deducting the set-off admissible. The manner of calculation was also illustrated in the Circular through an example.
Difficulties, if any, faced in implementation of the above changes may be brought to the notice of the Board at an early date.
Difficulties, if any faced in the implementation of the above instructions may be brought to the notice of the Board at an early date.
Please refer to the Operative Guidelines on the two-way fungibility under the issue of “Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993” issued by Reserve Bank of India (“RBI”) vide its circular no. 21 (DIR Series) dated February 13, 2002.
