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Notifications/Circulars

Rate of exchange of conversion of each of the foreign currency wef August 23, 2013

August 22, 2013 694 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance

Notification No. 65/2013 – Income Tax Dated 22/8/2013

August 22, 2013 1262 Views 0 comment Print

Notification No. 65/2013 – Income Tax (i) The sums paid to the approved organization shall be utilized for scientific research; (ii) The approved organization shall carry out scientific research through its faculty members or its enrolled students; (iii) The approved organization shall maintain separate books of account in respect of the sums received by it for scientific research, reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in the explanation to sub-section (2) of section 288

Rate of exchange of conversion of each of the foreign currency with effect from August 21, 2013

August 21, 2013 1205 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance

Amendment Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

August 21, 2013 1525 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby

SEBI Crackdown On Entities Engaged in Unregistered Investment Advisory And Portfolio Management Activities through Short Message Services (SMSs)

August 20, 2013 1204 Views 0 comment Print

immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and portfolio management activities or any unregistered activity in the securities market.

SEBI Issues a Discussion Paper on “Revision of Clause-41 of Equity Listing Agreement”

August 20, 2013 508 Views 0 comment Print

Clause-41 of Equity Listing Agreement provides the framework for preparation, authentication and submission of Financial Results by listed companies. Based on the requests/ suggestions/ recommendations received from various market participants, some of the provisions of Clause-41 have been revised. It is proposed to replace the existing Clause-41 of Equity Listing Agreement with the draft placed at Annexure to discussion paper.

Govt. passes Act to Amend Maharashtra Co-operative Societies Act, 1960

August 20, 2013 9280 Views 0 comment Print

An Act further to amend the Maharashtra Co-operative Societies Act, 1960. WHEREAS both Houses of the State Legislature were not in session; AND WHEREAS the Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further to amend the Maharashtra Co-operative Societies Act, 1960,

SEBI – Testing of software used in or related to Trading and Risk Management

August 19, 2013 2079 Views 0 comment Print

SEBI vide circular SEBI/MRD/Policy/SE/15864/2003 dated August 21, 2003 advised stock exchanges to obtain an undertaking in the form of an affidavit from the members of the stock exchange stating that the members as well as their sub-brokers are using only authorized software.

SEBI : (Mutual Funds) (Third Amendment) Regulations, 2013

August 19, 2013 799 Views 0 comment Print

Provided that where the sponsor or its associates hold 50 per cent or more of the voting rights of the share capital of the custodian, such custodian may act as custodian for a mutual fund constituted by the same sponsor or any of its associates or subsidiary company.

MVAT – Procedure for cross-checks of transactions of sellers who have filed incomplete Annexure J1

August 19, 2013 20355 Views 0 comment Print

During the audits conducted for the F.Y. 2008-09 various functional officers have given the feedback that in most of the cases, the buyers or sellers were able to reconcile sales and purchases when auditing officers had verified parameters in relation to cross-matching of annexure J2 with annexure J1.

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