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Notifications/Circulars

Insurance – Guidelines on Outsourcing of Activities by Insurance Companies

February 6, 2011 6851 Views 0 comment Print

Insurance – Guidelines on Outsourcing of Activities by Insurance Companies Reference: 1. INV/CIR/031/2004-05 dated 27th July, 2004 2. INV/CIR/058/2004-05 dated 28th December, 2004 3. RBI/2006/167 DBOD.NO.BO.40/21.04.158/2006-07 4. Regulation 7(c) of IRDA (Registration of Companies) Regulations, 2000 IRDA/LIFE/CIR/GLD/013/02/2011, DATED 1-2-2011 1. Introduction 1.1 Insurers in India are increasingly using outsourcing, as a means of both reducing […]

Insurance – Creation of Reserve for Unexpired Risk (URR) by the Non-life Insurance Companies for Health Segment

February 6, 2011 8381 Views 0 comment Print

Insurance – Creation of Reserve for Unexpired Risk (URR) by the Non-life Insurance Companies for Health Segment CIRCULAR No. IRDA/F&I/CIR/F&A/015/02/2011, dated 2-2-2011 Authority vide Circular No. IRDA/F&A/ClR/49/Mar-09, dated March 24, 2009 had relaxed the requirement of section 64(1)(ii)(b) of the Act for computation of Reserve for Unexpired Risk for Health segment for the year 2008-09 […]

Director's Relatives (Office or Place of Profit) Rules, 2003

February 5, 2011 3008 Views 0 comment Print

In exercise of the powers conferred by clause (b) of sub-section (1) of section 642, read with sub-section (1B) of section 314 of the Companies Act, 1956, the Central Government hereby make the following rules, namely:— 1. Short title and commencement.— (1) These rules may be called Director’s Relatives (Office or Place of Profit) Rules, 2003. (2) They shall come into force on the date of their publication in the Official Gazette.

Policy Circular No. 16 (RE-2010)/2009-2014, Dated: 04.02.2011

February 4, 2011 424 Views 0 comment Print

It is observed that the following Pre-Shipment Inspection (PSI) Agencies listed under Appendix – 5 of the Handbook of Procedures had issued wrong Preshipment-Inspection certificates. It has, therefore, been decided not to accept the PSI Certificates issued by these agencies.

Public Notice No. 27 (RE-2010)/2009-2014, Dated: 04.02.2011

February 4, 2011 334 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of Foreign Trade hereby makes the following amendment inAppendix-5 (List of Inspection and Certification Agencies) of Handbook of Procedures Vol.I (Appendices and Aayat Niryat Forms) 2009-2014.

Extend the time limit DVAT 51, up to 31st March, 2011

February 4, 2011 1195 Views 0 comment Print

sub-rule (1) of rule 67 of the Delhi Value Added Tax Rules, 2005 and rule 4 of the Central Sales Tax (Delhi) Rules, 2005 for furnishing of reconciliation return in Form DVAT 51, up to 31st March, 2011 for Ist and IInd quarter of the year 2010-11. (b) Sub-rule (5) of rule 5, clause (a) of sub-rule (3) of rule 6, clause (a) of sub-rule (5) of rule 7, sub-rule (2) of rule 9, rule 6B and sub-rule (2) of rule 6A of the Central Sales Tax (Delhi) Rules, 2005 and sub-rule (10) of rule 12 of the Central Sales Tax (Registration and Turnover) Rules, 1957 for furnishing of the portion marked ‘original’ of the Declaration Forms ‘C’, ‘E-I’ or ‘E-II’, ‘F’, ‘I’, ‘J’ and ‘H’ respectively, up to 31st March, 2011 for Ist & IInd quarter of the year 2010-11 in respect of the Declaration Forms which relate to the year 2010-11.

Easy Exit Scheme, 2011

February 3, 2011 649 Views 0 comment Print

In continuation to this Ministry’s earlier circular no. 6/2010 dated 03.12.2010 on the subject cited above, it has been decided to extend the Scheme for another three months i.e. upto 30 th April, 2011.

Easy Exit scheme extended upto 30th April, 2011

February 3, 2011 588 Views 0 comment Print

General Circular No. 1/2011- Dated the 3rd Feb, 2011  Government of India, Ministry of Corporate Affairs, 5 th Floor, ‘A’ Wing, Shastri Bhavan, Dr. R.P. Road , New Delhi, To, All Regional Director and All Registrars of Companies. Subject: Easy Exit Scheme, 2011 Sir, In continuation to this Ministry’s earlier circular no. 6/2010 dated 03.12.2010 on […]

Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs enhanced

February 3, 2011 1372 Views 0 comment Print

References have been received by the Board from a large number of taxpayers, especially from mofussil areas, that the existing monetary limits for assigning cases to ITOs and DCs/ACs is causing hardship to the taxpayers, as it results in transfer of their cases to a DC/AC who is located in a different station, which increases their cost of compliance.

Notification No. 08/2011-Customs (N.T.) Dated- 2nd February, 2011

February 2, 2011 586 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules further to amend the Customs Tariff

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