NC Notification No. 65/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 6, (a) Disha Special School and Therapy Centre, (b) Disha Autism Centre, and (c) Community based rehabilitation programme by Disha Charitable Trust, 319, Race Course Towers, Gotri Road, Vadodara 390 007, Gujarat, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 50/2011 – Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee, mentioned in column (2) of the Table below, and approves the eligible projects or schemes specified to be carried on by the said institutions and the estimated cost thereof as mentioned in column (3) of the said Table, and also specifies in the column (4) of the Table the maximum amount of such cost which may be allowed as deduction under the said section 35AC for the period of approval,
. In the Companies Regulations, 1956, 1. In Regulation 2, after clause I the following clause shall be substituted, namely:- (d) ‘ Regional Director’ means the person appointed by the Central Government in the Ministry of Corporate Affairs as a Regional Director for the respective regions as under:-
Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 28, 2011 with the Government of the United Republic of Tanzania making available to the latter, a Line of Credit (LoC) of USD 36.56 million (USD thirty six million and five hundred sixty thousand) for financing eligible goods and services including consultancy services from India for the purpose of financing the purchase of 723 vehicles under the India Africa Fund into Tanzania.
DPSS.CO.OSD. No. 2764/06.11.001/2010-2011 It is clarified that the contents of the above circular are applicable to only those entities which operate a payment system under the Payment and Settlement Systems Act, 2007. Accordingly, the requirement of system audits is not applicable where a bank/entity is a participant in various payment systems such as RTGS, NEFT, CFMS, ECS, NECS, Card payment systems (Visa, MasterCard, etc.), ATM networks (illustratively like NFS, BANCS) etc.
Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval of the concerned regulatory authorities both in India and abroad, to make an investment in an entity outside India engaged in financial services activities. Further in terms of para B.5.3 of the Master Circular on Direct Investment in Joint Venture (JV) / Wholly owned subsidiary (WOS) abroad dated July 01, 2009 issued by Foreign Exchange Department, RBI, regulated entities in the financial sector making investments in any activity overseas are required to comply with the above regulation.
Notification No. 47 /2011 – Customs (a) the subject goods are entering the Indian market at dumped prices and dumping margins of the subject goods imported from China PR are substantial and above de-minimis; (b) the subject goods are likely to enter the Indian market at dumped prices and the likely dumping margins in respect of imports from China PR is going to be substantial and above de-minimis; (c) the subject goods are likely to enter Indian market at dumped prices, should the present measures be withdrawn from China PR; (d) the situation of domestic industry continues to be fragile and dumped imports from China PR continue to cause a substantial injury to the domestic industry. Further, should the present anti dumping duties be revoked from China PR, injury to the domestic industry is likely to continue and intensify;
Please refer to Office Order No.107/2011 dated 03.06.2011 vide which officers in the grade of Addl./Joint Commissioner of Customs & Central Excise were transferred in AGT-201 1. In terms of the said order, all the officers so transferred were to be relieved by their respective controlling officers by 08.06.2011 from their present charge to enable them to join their new place of postings. The Chief Commissioners/Directors General were also requested to send a compliance report by 10.06.2011.
Those interested in making presentation to the committee or submitting their views in person are welcome. Necessary date & time for an interactive session will be announced on our website. Individual e-mails can be sent by those interested to attend the session by conveying so at vkgupta99@nic.in or lb.singhal@nic.in
55. Gujarat Industrial Investment Corporation Limited. 56. Andhra Pradesh Industrial Development Corporation Limited. 57. Karnataka Urban Infrastructure Development and Finance Corporation Limited. 58. L&T Infrastructure Finance Company Limited.
