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SEBI : Abolition of Standard Denomination for Equity Shares

April 27, 2000 406 Views 0 comment Print

In this connection, it is clarified that the companies which are already listed on one or more Stock Exchanges would be allowed to change the standard denomination of their equity shares only if they are in the compulsory demat list for all the investors announced by SEBI from time to time.

SEBI : Abolition of Standard Denomination for Equity Shares

April 27, 2000 400 Views 0 comment Print

In this connection, it is clarified that the companies which are already listed on one or more Stock Exchanges would be allowed to change the standard denomination of their equity shares only if they are in the compulsory demat list for all the investors announced by SEBI from time to time.

SEBI : Trading and settlement of trades in dematerialised securities

April 25, 2000 334 Views 0 comment Print

It has been decided to include the under mentioned companies in the list of securities for compulsory settlement of trades in dematerialised form for all investors effective from June 26, 2000

Pre-shipment inspection — silk goods – discontinued

April 25, 2000 772 Views 0 comment Print

It is directed to refer to refer to Board’s Circular No. 28/99-Cus., dated the 24th May 1999 issued from F.No. 450/31/99-Cus., dated the 24th May, 1999 issued from F.No. 450/31/99-Cus.IV on the subject mentioned above and to say that Ministry of Textiles has decided to dispense with the procedure of pre-shipment inspection of silk goods by the Central Silk Board (CSB) with effect from

SEBI : President/Executive Director/ Managing Director Of All Stock Exchanges

April 20, 2000 406 Views 0 comment Print

In order to ensure the efficiency of collection and the refund/remittance of the margins system, the clearing banks of the exchanges should have connectivity with the clearing house/ corporations.

SEBI :President/Executive Director/ Managing Director Of All Stock Exchanges

April 20, 2000 499 Views 0 comment Print

The surplus margin available with the stock exchanges in cash after adjustments for additional capital required by the broker for further exposure, will be refunded by the stock exchange to the broker on daily basis. This will be implemented by the stock exchanges as soon as possible and in any case not later than May 01, 2000.

Circular No. 790/2000-Income Tax Dated 20-4-2000

April 20, 2000 1645 Views 0 comment Print

Circular No. 790-Income Tax The Board has issued Circular No. 769, dated 6-8-1998, laying down procedure for refund of tax deducted under section 195, in certain situations to the person deducting the tax at source from the payment to the non-resident. After reconsideration, Circular No. 769 is revoked with immediate effect and refund to the person deducting tax at source under section 195 shall be allowed in accordance with the provisions of this Circular.

Drawback — fixation of brand rate for inputs sent to EOUs/EPZ Units for mfg. Export goods on behalf of DTA units

April 20, 2000 985 Views 0 comment Print

It was provided in Board’s Circular No. 67/68-Cus. Dated 14.9.98 issued vide F. No. 305/147/93-FTT that DTA units may utilise the idle capacity of EOU/EPZ units in certain sectors for manufacturing export goods

Export Guidelines for Sandalwood Oil in India

April 19, 2000 1441 Views 0 comment Print

DGFT outlines conditions and procedures for exporting Sandalwood Oil in India. Export ceiling set for 1999-2000, with authorizations issued based on eligibility

Circular No. 526/22/2000-Central Excise, Dated: 19.04.2000

April 19, 2000 514 Views 0 comment Print

Circular No. 526/22/2000-CX It is directed to invite your kind attention to the Supreme Court’s decision in Civil Appeal No. 7282/96 in the matter of M/s Sidhartha Tubes Ltd. Vs. CCE decided on 3rd November, 1999. The Apex Court vide this impugned order has dismissed party’s appeal with costs.

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