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Circulars

Possession of valid documents for Indians entering Nepal and prohibition on carrying Indian currency notes of Rs. 500/- denomination in Nepal- reg

August 28, 2002 565 Views 0 comment Print

In order to ensure that Indian nationals entering Nepal are not inconvenienced for the reason of not carrying necessary prescribed documents or for taking prohibited currency notes inadvertently or unknowingly

SEBI : All Mutual Funds registered with SEBI Unit Trust of India Association of Mutual Funds in India (AMFI)

August 28, 2002 550 Views 0 comment Print

SEBI Circular No. IIMARP/MF/CIR/05/788/97 dated April 28, 1997 which inter-alia prescribed the format for statement of movement in net assets / portfolios, to be submitted by the mutual funds on quarterly basis.

SEBI : Time bound arbitration proceedings

August 28, 2002 505 Views 0 comment Print

“The arbitral tribunal shall make the arbitral award within 3 months from the date of entering upon the reference. The time taken to make the award may not be extended beyond 3 times, by the Managing Director or Relevant Authority .

Circular No. 8/2002-Income Tax Dated 27-08-2002

August 27, 2002 4621 Views 0 comment Print

Circular No. 8 of 2002-Income Tax The Finance Act, 2002, as passed by Parliament, received the assent of the President on 11th May, 2002, and has been enacted as Act No. 20 of 2002. This circular explains the substance of the provisions of the Act relating to direct taxes.

Circular No. 7/2002-Income Tax Dated 26-8-2002

August 26, 2002 1456 Views 0 comment Print

Circular No. 7 of 2002-Income Tax ‘Infrastructure facility’ as defined in Explanation to sub-clause (c) of clause (i) of sub-section (4) of section 80-IA of the Income-tax Act, 1961, as it stood prior to its substitution by the Finance Act, 2001

SEBI : Direct uploading of FII data by Custodians

August 26, 2002 517 Views 0 comment Print

One time registration fee of Rs 25,000 by means of demand draft in favour of “Securities and Exchange Board of India” payable at Mumbai, towards availing facility of electronic filing of data. It may be note that this facility can be used for filling of any other document to SEBI.

Circular No.655/46/2002-Central Excise, Dated: 26.08.2002

August 26, 2002 811 Views 0 comment Print

Circular No.655/46/2002-CX Further, on the matter being referred to the Solicitor General of India (SG), in his detailed opinion dated 3.1.2000, he had opined that sec. 11AB would apply to all adjudication orders passed on or after 28.9.96 irrespective of the fact whether it relates to clearances made before 28.9.96 or after. A copy of the SG”s opinion was sent to all Chief Commissioners vide Board”s letter F.No.387/90/98-JC dated 27.3.2001.

SEBI : Rounding off NAVs

August 22, 2002 895 Views 0 comment Print

These guidelines being issued in accordance with the provisions of Regulations 48(1) and 77 of SEBI (Mutual Funds) Regulations, 1996 shall be implemented by August 31, 2002 by all mutual funds in case of existing and new schemes.

SEBI : Confidentiality of information

August 22, 2002 1321 Views 0 comment Print

It has been decided that the stock exchanges would reiterate to their employees that they are bound by the code of conduct and to ensure that there is confidentiality of deals and that the trade data is not leaked.

Circular No.47/10/2002-Service Tax dated 21.08.2002

August 21, 2002 840 Views 0 comment Print

I am directed to say that major head/ minor head/ sub-head have been allotted by the office of Pr.CCA for depositing service tax in respect of the 10 new services brought under the tax net(w.e.f. 16.08.2002), namely – (Ref. Board”s letter F.No.B.11/1/2002-TRU dated 01-08-2002)

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