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Notifications/Circulars

Rate of exchange of conversion of each of the foreign currency with effect from June 06, 2013

June 5, 2013 859 Views 0 comment Print

In excise 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 (

Clarification on SEBI’s Circular providing for the "Manner of Dealing with Audit Reports filed by Listed Companies"

June 5, 2013 2121 Views 0 comment Print

EBI has, vide circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed companies”, mandated listed companies to submit either Form A (Unqualified/ Matter of Emphasis Report) or Form B (Qualified/ Subject

Minimum Public Shareholding – SEBI Freezes of voting rights, dividend, rights, bonus shares, split, etc. of promoter/ promoters group of non-compliant companies

June 4, 2013 708 Views 0 comment Print

The Securities Contracts (Regulation) Rules, 1957 were amended in 2010 to provide for minimum and continuous public shareholding requirement in listed companies in private sector at 25%. In terms of these Rules, all listed companies have to comply with the said requirement by June 03, 2013. This was done with a view that a dispersed shareholding structure is essential for the sustenance of a continuous market for listed securities to provide liquidity to the investors and to discover fair prices.

Review of policy on foreign direct investment in Multi Brand Retail Trading Sector

June 4, 2013 594 Views 0 comment Print

Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of ‘Circular 1 of 2013-Consolidated FDI Policy’

Foreign Direct investment Policy – definition of ‘group company’

June 4, 2013 3757 Views 0 comment Print

The Government has decided to incorporate the following definition of ‘group company’ in the FDI Policy contained in ‘Circular 1 of 2013 – Consolidated FDI Policy’, effective from 05-04-2013.

Public Notice No. 15 (RE-2013)/2009-2014, Dated: 03.06.2013

June 3, 2013 424 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in Appendix 5 of the Handbook of Procedures (Vol. I) with immediate effect.

Several Posts of Under-Secretary/ Technical Officer vacant in CBEC

June 3, 2013 822 Views 0 comment Print

I am directed to say that the eleven posts at the level of Under Secretary/ ten posts at the level of Senior Technical Officer/ fourteen posts at the level of Technical Officer/ two posts of Senior Analysts in CBEC under the Revenue Headquarters which are lying vacant are proposed to be filled up from amongst the suitable officers of IRS (C&CE) cadre.

Transfers & Postings Of CIT, DCIT/ ACIT – Order No. 92 & 94 of 2013

June 1, 2013 2535 Views 0 comment Print

CBDT has Vide Order No. 92 of 2013 dated 31.05.2013, ordered the transfer/ posting of several officers in the grade of Chief Commissioner of Income-tax (CIT) with immediate effect. CBDT has Vide Order No. 94 of 2013 dated 31.05.2013 ordered the transfer/ posting of several officers in the grade of Deputy Commissioner of Income-tax (DCIT) / Assistant Commissioner of Income-tax (ACIT) with immediate effect.

24×7 Customs Operation at Major Ports and Airports – reg.

May 31, 2013 2640 Views 0 comment Print

Attention is invited to Board’s Circular No 22/2012-Cus dated 07.08.2012, whereby 24X7 Customs clearance was made operational on pilot basis with effect from 01.09.2012 at identified Air Cargo Complexes and Sea ports for following item of imports/exports:-

Acknowledgement by banks at the time of submission of Form 15-G / 15-H

May 31, 2013 8171 Views 15 comments Print

The matter has been examined by us in consultation with Indian Banks’ Association (IBA). With a view to protect interest of the depositors and for rendering better customer service, banks are advised to give an acknowledgment at the time of receipt of Form 15-G/15-H. This will help in building a system of accountability and customers will not be put to inconvenience due to any omission on part of the banks.

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