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Notifications/Circulars

Notification No. 118/2013-Customs (N.T.) Dated: 11/12/2013

December 11, 2013 760 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional/Joint

MVAT : Grant of refund -ITC denied due to purchases from non-filer supplier

December 11, 2013 3045 Views 0 comment Print

A dealer, who has become eligible for refund, due to the filing of returns and tax payment by his supplier (who was a non-filer earlier), need not apply for the refund. The refund shall be granted to the claimant dealer without any refund application after due verification on Mahavikas.

VCES – No Declaration for Period not covered by Scheme, Installment Payment Possible

December 11, 2013 4710 Views 0 comment Print

In one instance, the Designated Authority has asked a declarant, who has “tax dues” only for a part of the period covered by the Scheme, to furnish an undertaking that he had no unpaid “tax dues” for the remaining period covered by the Scheme.

While adjudicating refund claims, decide all objections : Bombay HC

December 11, 2013 772 Views 0 comment Print

Before concluding, it is necessary for this court to observe that while adjudicating upon refund claims, it is necessary in the interest of justice for the assessing officers as well as the first appellate authorities to dispose of all the objections.

Salient features of Justice Sodhi Committee report on Insider Trading Regulations

December 11, 2013 3123 Views 0 comment Print

The Committee has made a range of recommendations to the legal framework for prohibition of insider trading in India and has focused on making this area of regulation more predictable, precise and clear by suggesting a combination of principles-based regulations and rules that are backed by principles.

Circular No. 19/2013, dated 10/12/2013

December 10, 2013 1818 Views 0 comment Print

Ministry has received representations seeking clarification on disclosures to be made under section 182 of the Companies Act, 2013. The same have been examined. With the coming into force of the scheme relating to ‘Electoral Trust Companies’

Standardizing the process of filing application for approval of an Electoral Trust-reg.

December 10, 2013 1841 Views 0 comment Print

As per clause 5(1)(a) of the Electoral Trust Scheme, 2013, an application for approval under Section 2(22AAA) of the Act is to be made in duplicate in Form A. In order to avoid procedural delay in processing these applications, the applicants are advised to file alongwith the application in Form A,

Insider Trading: Global best practices and lessons for India

December 10, 2013 1559 Views 1 comment Print

The third meeting of the International Advisory Board (IAB) of the Securities and Exchange Board of India (SEBI) was held on December 9 & 10, 2013 at Bangalore. Major issues discussed during the meeting are:

The Sexual Harassment of Women at Workplace Rules, 2013

December 9, 2013 131490 Views 6 comments Print

(1) These rules may be called the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013. (2) They shall come into force on the date of their publication in the Official Gazette.

Sexual Harassment of Women at Workplace Act, 2013 applicable from 09.12.2013

December 9, 2013 1533 Views 0 comment Print

Central Government appoints 9th day of December, 2013 as the date on which the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 shall come into force. MINISTRY OF WOMEN AND CHILD DEVELOPMENT NOTIFICATION New Delhi, the 9th December, 2013 S.O. 3606(E).—In exerciae of the powers conferred by sub-section (3) […]

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