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SEBI -Exit order in respect of Coimbatore Stock Exchange (CSX)

April 5, 2013 1516 Views 0 comment Print

SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges inter-alia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.

MVAT- Amendment in VAT Rate on Precious Stone/Diamond wef 01.04.2013

April 4, 2013 10532 Views 0 comment Print

3. Precious stones, semi-precious stones and pearls whether real or cultured but excluding those to which entry 3A of this SCHEDULE applies, when sold on or after the 1st April 2013.

Revision in Schedule I combinations that aren’t likely to cause an adverse effect on competition in India

April 4, 2013 702 Views 0 comment Print

These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2013.

Insurer acting as Registrar to UIDAI to disclose income and exp. from enrolment of ‘Aadhaar card’ separately in P&L

April 4, 2013 922 Views 0 comment Print

The Unique Identification Authority of India (UIDAI) created to issue a unique identification number (“Aadhaar”) to residents of India authorize/recognize “Registrars’ to enroll individuals for Aadhaar. We note that currently UIDAI has primarily engaged with State Governments, Central Ministries and public sector organizations to act as Registrars. As per the information available with the Authority, in the insurance sector only Life Insurance Corporation of India (LIC) is registered as Registrar with UIDAI.

Rate of exchange of conversion of each of foreign currency wef 05.04.2013

April 4, 2013 1424 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.31/2013-CUSTOMS (N.T.), dated the

RTI – Information on Disciplinary/Vigilance Proceedings

April 4, 2013 4109 Views 0 comment Print

CIRCULAR NO. 07/04/2013 Delhi High Court’s decision in LPA No.618/2012 dated 06.11.2012 in the matter of disclosure of information under the provisions of RTI Act, relating to disciplinary matters.

Grievances related to process of reconciliation of realization of export proceeds in terms of CBEC Circular No. 5/2009-Customs

April 4, 2013 1816 Views 0 comment Print

It has come to the notice of the Board that field formations are insisting on the exporter/owner to submit the BRC/negative statements in person, that even after the exporter has proof of having submitted BRC/negative statement, these documents are asked repeatedly; that the exporter is asked to attend personal hearing despite having submitted BRC/negative statement; and that only the exporter/owner should attend hearing in person.

IRDA expands the definition of Micro Insurance Agents; permits to include co-operative banks and societies

April 3, 2013 5614 Views 0 comment Print

A specified Person who resigns from a Micro Insurance Agent is eligible for reappointment as a specified person of other Micro Insurance Agent or any other licensed Corporate Agent only after the expiry of 3 months from the date of the resignation.

IRDA gives last chance to insurers to renew archived agency licenses up to 31-12-13

April 3, 2013 1583 Views 0 comment Print

All the insurers are advised to publicize this among their agents so as to ensure that the maximum numbers of archived agency licenses are renewed. The insurers shall also furnish month wise data pertaining to these renewals to Joint Director,

Draft Guidelines to regulate functioning of worn and used clothing units in SEZs

April 3, 2013 970 Views 0 comment Print

I am directed to circulate a Draft guidelines to regulate functioning of worn and used clothing units in SEZs and invite comments/suggestions on the same in order to finalize the Policy to regulate functioning of worn and used clothing units in SEZs.

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