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Notifications/Circulars

Notification No. 24/2014-Customs (ADD), Dated: 21.05.2014

May 21, 2014 1756 Views 0 comment Print

Notification No. 24/2014-Customs (ADD) Seeks to levy definitive anti-dumping duty on imports of Methylene Chloride, originating in or exported from the European Union, United States of America and Korea RP for a period of five years from the date of imposition of the provisional anti-dumping duty, that is, 21st October, 2013

RBI allows advance up to a maximum tenor of 10 years for execution of long term supply contracts for export of goods

May 21, 2014 3745 Views 0 comment Print

In view of requests received from exporters, it has been decided to permit AD Category- I banks to allow exporters having a minimum of three years’ satisfactory track record to receive long term export advance up to a maximum tenor of 10 years to be utilized for execution of long term supply contracts for export of goods subject to the conditions as under:

RBI issues Guidelines for import of gold under 20:80 scheme

May 21, 2014 2333 Views 0 comment Print

Star Trading Houses / Premier Trading Houses (STH/PTH) which are registered as nominated agencies by the Director General of Foreign Trade (DGFT) may now import gold under 20:80 scheme subject to the following conditions:

RBI – Need for Bank Branches / ATMs to be made accessible to persons with disabilities

May 21, 2014 1123 Views 0 comment Print

We have been receiving several suggestions from members of public through Government of India and otherwise, on facilitating easy access to bank branches and ATMs by persons with disabilities for undertaking day to day banking transactions. We have examined such suggestions.

Delegation of powers under section 458 of Companies Act 2013 to ROCs

May 21, 2014 11380 Views 0 comment Print

Central Government hereby delegates to the Registrar of Companies, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers and functions under the said sections, if in its opinion, such a course of action is necessary in the public interest, namely: –

Delegation of powers u-s 153 and 154 of Companies Act 2013 to RD Noida

May 21, 2014 2940 Views 0 comment Print

. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), and in supersession of the notification of the Government of India, Ministry of Corporate Affairs. published in the Gazette of India, Extraordinary,

Delegation of powers under section 458 of CA 2013 to Regional Directors

May 21, 2014 1360 Views 0 comment Print

Central Government hereby delegates to the Regional Directors at mumbai, Kolkata, Chennai, Noida, Ahmedabad, Hyderabad and Shillong, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers under the said sections, if in its opinion such a course of action is necessary in the public interest, namely

Notification No. 6/2014 -Income Tax Dated 19/5/2014

May 19, 2014 619 Views 0 comment Print

Notification No. 6-Income Tax The President is pleased to accept the technical resignation of Shri Rahul P.R., (100DJ), Asst. DIT (prosecutions), Kochi from Indian Revenue Service with effect from 20.12.2013.

Overseas Direct Investments – LLP as Indian Party

May 19, 2014 1201 Views 0 comment Print

On a review, it has been decided to notify a Limited Liability Partnership (LLP), registered under the Limited Liability Partnership Act, 2008 (6 of 2009), as an “Indian Party” under clause (k) of Regulation 2 of the Notification ibid. Accordingly, an LLP, may henceforth undertake financial commitment to / on behalf of a JV / WOS abroad in terms of the extant FEMA provisions under Regulation 6 (and regulation 7, if applicable) of the Notification ibid.

The Cost Accountants’ Chapters (Amendment) Bye-laws, 2014

May 19, 2014 1072 Views 0 comment Print

In exercise of powers conferred by Regulation 146 of the Cost and Works Accountants Regulations, 1959, the Council of the Institute of Cost Accountants of India hereby makes the following Bye-laws to amend further The Cost Accountants’ Chapters Bye-laws, 2013

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