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Notifications/Circulars

Delhi VAT – Banks Notified for collection of tax, interest, penalty or other dues

March 28, 2014 3013 Views 0 comment Print

Appropriate Government Treasury for collection of tax, interest, penalty or any other amount due under the Act or Central Sales Tax Act, 1956 from the dealers registered or liable to be registered under the Act, casual traders and contractees (TAN holders)

CBDT notifies revised India-Sri Lanka DTAA

March 28, 2014 5982 Views 0 comment Print

Notification No. 23/2014-Income Tax Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provisions of DTAA annexed hereto shall be given effect to in the Union of India with effect from the 1st day of April, 2014. [F.NO.501/10/1995-FTD-I]

MCA declares date for roll out of different forms under Companies Act, 2013

March 28, 2014 2809 Views 0 comment Print

Companies Act, 2013 (The Act) was notified on 29th August, 2013. Section 1(3) of the Act empowers the Central Government to notify different dates for different provisions of the Act. 98 sections of the Act were notified on 12.09.2013 and section 135 and rules thereunder on 27/02/2014.

SEBI : Commencement of Foreign Portfolio Investor ("FPI") regime

March 28, 2014 565 Views 0 comment Print

circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2014

March 28, 2014 1886 Views 0 comment Print

F. No. CCI/CD/Amend/Comb. Regl./2014.—In exercise of the powers conferred by Section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following regulations further to amend the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011, namely:—

Companies Act 2013- Clarification on defination of term 'related party’

March 28, 2014 4049 Views 0 comment Print

It is hereby clarified that a public company in which a director or manager is a director and holds along with his relatives, more than two per cent. of its paid up share capital shall be related party.

FEMA – Merchanting Trade Transactions – Revised guidelines

March 28, 2014 4773 Views 0 comment Print

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular Nos.106 & 4 dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting trade transactions. Further, in terms of A.P. (DIR Series) Circular No. 95 dated January 17, 2014 the existing guidelines were reviewed in the light of the recommendations of the Technical Committee on Services / Facilities to Exporters (Chairman: Shri G. Padmanabhan) to further liberalise and simplify the procedure.

Removal of difficulties regarding certification of Annual Return

March 28, 2014 3018 Views 0 comment Print

Order proposed to be issued under section 470 of the Companies Act, 2013. MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 2014 S.O. _____ (E) Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came […]

MCA notifies dates from which Various new Forms to come into effect

March 28, 2014 7360 Views 0 comment Print

There are 5 general e-forms and 2 e-forms mentioned in Table “D” will be available for filing w.e.f. 28/04/2014 will be available for filing 24 notified forms/events which will be made available for individual e-filing at a later date, can be attached with these 7 e-forms and filed. Details of physical forms allowed to be filed along with general e-forms are attached with this Circular.

MCA Enables Online payment of stamp duty for issue of certified copies

March 28, 2014 6778 Views 0 comment Print

The Ministry has reviewed the process of issue of certified copies of the documents filed with the Registrar of companies. As per the existing process, in case a User applies for the certified true copy of any document, he needs to pay MCA fee online at MCA portal. The fee is computed based on the number of documents required.

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