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Notifications/Circulars

Filing of Balance Sheet & Profit and Loss Account in XBRL mode

July 7, 2011 4503 Views 0 comment Print

in continuation to the Circular no. 37/2011 dated 07.06.2011, the further information is given as under: — (i) Besides signing by signatories as specified u/s 215 of the Companies Act, 1956, the Statutory Auditor has to certify the financial statements prepared in XBRL mode for filing on MCA-21 portal. (ii) Phase-1 class of companies as per Circular 9/2011 dated 31.03.2011 and later exempted from XBRL filing (under Power sector, Insurance sector, NBFC and Banking sector) who are unable to file their financial statements would be exempted from additional fee due to delay in filing up to 30.09.2011.

Company Law – Payment of fees to CAs in cases where funds are not permitted from Common Pool Fund

July 7, 2011 952 Views 0 comment Print

It has been noticed that certain Courts have not allowed fees to be paid to the Chartered Accountants from Common Pool Fund in cases where petitions are filed in respect of companies under liquidation having no assets. The matter has been considered and it has been decided that in all such cases following steps be taken :

Insurance – Prevention of Money Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Third Amendment Rules, 2010

July 7, 2011 832 Views 0 comment Print

CIRCULAR NO. IRDA/F&I/CIR/AML/151/07/2011, DATED 5-7-2011 PREVENTION OF MONEY LAUNDERING (MAINTENANCE OF RECORDS OF THE NATURE AND VALUE OF TRANSACTIONS, THE PROCEDURE AND MANNER OF MAINTAINING AND TIME FOR FURNISHING INFORMATION AND VERIFICATION AND MAINTENANCE OF RECORDS OF THE IDENTITY OF THE CLIENTS OF THE BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES) THIRD AMENDMENT RULES, 2010

Seeks to withdraw anti-dumping duty on imports of Hydrofluoric Acid originating in, or exported from, China PR – Notification No. 57 /2011-Customs

July 7, 2011 712 Views 0 comment Print

Notification No. 57 /2011-Customs, In the matter of continuation of anti-dumping duty on imports of Hydrofluoric Acid (hereinafter referred to as the subject product), falling under Chapter 28 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, China PR (hereinafter referred to as the subject country), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue),No. 54/2008-Customs, dated the 28th April, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.308(E), dated 28th April, 2008, had come to the conclusion that if the anti-dumping duties on the subject good from the subject country are removed, the injury to the domestic industry is not likely to recur;

Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994 – Notification No. 46/2011-CUSTOMS (N. T.)

July 7, 2011 826 Views 0 comment Print

Notification No. 46/2011-CUSTOMS (N. T.), In exercise of the powers conferred by clause (d) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 64/1994-Customs (N. T.) dated the 21st November, 1994, namely: –

Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994 vide Notification No. 45/2011 – Customs (N.T.)

July 7, 2011 846 Views 0 comment Print

Notification No. 45/2011 – Customs (N.T.), In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 62/1994-Customs (N. T.) dated the 21st November, 1994, namely:-

Amendment/modification of SION, J-373 – DGFT Public Notice No. 63/(RE-2010)/2009-2014

July 7, 2011 739 Views 0 comment Print

PUBLIC NOTICE NO. 63/(RE-2010)/2009-2014 Earlier, in SION, J-373, there were four items, which were allowed for imports. Now, fifth import item i.e “Pesticides (Biocides/Fungicides/Herbicides/Insecticides)” is added in SION, J-373 alongwith Note 3.

MODIFICATION OF SION C-1058 under Engineering Product Group

July 7, 2011 814 Views 0 comment Print

Under SION C-1058, till now, only Tubular Bags (Gaunlet) were permitted as an input at Sl No. 3 of the SION. Now, this is modified to permit an alternate item i.e. relevant sewn Gaunlet cloth. There is no other change.

Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011

July 6, 2011 11787 Views 0 comment Print

These rules may be called the Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011. Designated Partnership Identification Number (DPIN) means an identification number which the Central Government may allot to any individual, intending to be appointed as designated partner of a Limited Liability Partnership for the purpose of his identification as such, and includes Directors Identification Number (DIN) issued under sections 266A, 266B and 266E of the Companies Act, 1956 and rules made thereunder.

Allocation of quantities of cotton for export in terms of Public Notice No.55 dated 17.06.2011

July 6, 2011 676 Views 0 comment Print

Had stated that the declaration of allocation of quantities against the applications received from 20.06.2011 to 25.06.2011 will be made on 06.07.2011. In response to this PN a total of 581 applications were received by e-mail. Some applicant had sent more than one e-mail. Some e-mails have been received from applicants who did not have any export performance in either of the past two cotton years. Some applicants had been defaulters. If all these applications are not counted then the number of eligible applicants come to 227.

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