The circulars dated May 14, 1993 and October 21, 1993 referred to above would stand modified accordingly, with regard to calculation of net-worth of the members.
In a case falling under clause 22.7, if the subsidiary reimburses the cost incurred by the holding company in granting options to the employees of the subsidiary, both the subsidiary as well as the holding company shall disclose the payment or receipt, as the case may be, in the ‘notes to accounts’ to their financial statements.
In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962 (52 of 1962), the Board hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/97-CUSTOMS (N.T.), dated the 2nd April, 1997.
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby appoints the Commissioner of Customs (Export), Jawahar Customs House, Nhava Sheva, to act in each of the matters specified in columns (2) and (3) of the Table below as officer specified in corresponding entry in column (4) of the said Table for the purpose of adjudication of the matters relating to the Show Cause Notices issued by Additional Director General, Directorate of Revenue Intelligence, Zonal Unit, Mumbai in the matters so specified.
In order to remove any difficulties in the application or interpretation of these regulations, the Board may issue clarifications and guidelines in the form of circulars or notes.
. At the end of each day during which the ban on fresh positions is in force for any scrip, the Exchange shall test whether any member or client has increased his existing positions or has created a new position in that scrip.
RBI vide circular A.P.(DIR Series) Circular No.13, dated September 1, 2003 has specified that Foreign Institutional Investors (FIIs) may trade in all exchange traded derivative contracts approved by SEBI from time to time subject to the limits prescribed by SEBI.
The Stock Exchanges may shift these companies from TFTS to NRS provided there are no other specific grounds for continuation of the trading in these scrips in TFTS.
The Board has followed up vigorously to obtain turnover data in respect of all brokers, past and present, for the relevant years in order to enable it to assess registration fee liability of the stock brokers.
Policy Circular No. 40 clarifies the classification of Hexane under Chapter 29 of the ITC (HS) Export and Import Items list, 2002-2007.
