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Notifications/Circulars

Company Law – Amendment in regulations 14, 29 & Annexure- III & omission of regulation 36

August 12, 2012 1096 Views 0 comment Print

Notification No. GSR 630(E), dated 12-8-2012 – Company Law Board hereby makes the following regulations further to amend the Company Law Board Regulations, 1991, namely:— 1. (1) These regulations may be called the Company Law Board (Second Amendment) Regulations, 2012.

Initiatives taken by the Government for unearthing and curbing black money : A Fact Sheet

August 10, 2012 640 Views 0 comment Print

The Government of India has commissioned a study on unaccounted income/wealth both inside and outside the country bringing out the nature of activities engendering money laundering and its ramifications on national security.

Banks to allow saving account without requirement of minimum balance

August 10, 2012 4372 Views 0 comment Print

Banks are advised to offer a ‘Basic Savings Bank Deposit Account’ which will offer following minimum common facilities to all their customers: i. The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all. ii. This account shall not have the requirement of any minimum balance.

Public Notice No. 14 (RE-2012)/2009-14, Dated: 09.08.2012

August 9, 2012 1591 Views 0 comment Print

This amendment incorporates additional raw materials in existing SION at H-97. Additional Import Items namely PP Granules, LLDPE Granules, PP Granules for lamination/coating, PE Liner, Thread, Filler Cord/Rope, Packing Materials have been allowed at Serial Number 2(b) (ii), 3, 4, 5, 6, 7 and 9 respectively.

Notification No. 73/2012-Customs (N.T.), Dated 09.08.2012

August 9, 2012 682 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby imposes the Joint Commissioner or Additional Commissioner of Customs (Export), Jawaharlal Nehru Custom House, Nhava Sheva, Post-Uran, District-Raigad, Maharashtra, to exercise the powers and discharge the duties as adjudicating authority over the powers and duties e

Notification No. 72/2012-Customs (N.T.), Dated: 09.08.2012

August 9, 2012 682 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby imposes the Joint Commissioner or Additional Commissioner of Customs (Export), Jawaharlal Nehru Custom House, Nhava Sheva, Post-Uran, District-Raigad, Maharashtra, to exercise the powers and discharge the duties as adjudicating authority over t

Notification No. 71/2012-Customs (N.T.), Dated: 09.08.2012

August 9, 2012 619 Views 0 comment Print

S.O. (E). – 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 Joint Commissioner or Additional Commissioner of Customs, Inland Contain

Notification No. 70/2012-Customs (N.T.), Dated: 09.08.2012

August 9, 2012 466 Views 0 comment Print

S.O. (E). – 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 Joint Commissioner or Additional Commissioner of Customs, Cus

Notification No. 69/2012-Customs (N.T.), Dated: 09.08.2012

August 9, 2012 715 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby imposes the Commissioner (adjudication), New Custom House, Near Indira Gandhi International Airport, New Delhi, to exercise the powers and discharge the duties of adjudication of the Show Cause Notices mentioned at Column Number (2) of the Table below, issued by the authorities mentioned at Column Number (3) in case of M/s SAP India Systems, Applications and Products in Data Processing Pvt. Ltd

Clarification on Applicability of AS-11 & AS-16 to Companies

August 9, 2012 4376 Views 0 comment Print

Circular No. 25/2012, dated 9-8-2012 The Ministry has received several representations from industry associations that para 6 of Accounting Standard-11 and para 4(e) of AS-16 are posing problems in proper implementation of para 46A of notification 914(E) dated 29-12-2011. In order to resolve the problems faced by industry, it is hereby clarified that para 6 of Accounting Standard-11 and para 4(e) of the Accounting Standard-16 shall not apply to a company which is applying clause 46A of Accounting Standard-11.

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