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SEBI : Notification regarding establishment of Local Office of Board at Lucknow

April 17, 2013 460 Views 0 comment Print

No. LAD-NRO/GN/2013-14/04/5655.– In exercise of the powers conferred by sub-section (4) of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Lucknow under the administrative control of its Northern Regional Office at New Delhi.

DVAT – No Security to be furnished by dealers, who apply online for registration up to 30.06.2013

April 16, 2013 691 Views 0 comment Print

No security would be required to be furnished by such dealers, who apply online for registration with the Department up to the 30th of June, 2013. However, the dealers, who apply for registration manually, shall furnish the prescribed security, in the usual manner.

SEBI Mutual Fund Regulations amended; Units of infrastructure debt scheme may be offered via private placements

April 16, 2013 774 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2013. 2. They shall come into force on the date of their publication in the Official Gazette.

Banks may assign zero risk weight for Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing

April 16, 2013 640 Views 0 comment Print

The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, 2012. On the issue of assignment of appropriate risk weight for loans guaranteed by CRGFTLIH and prescription of requisite provisioning norms for such loans on the lines of credit facilities guaranteed by Credit Guarantee Fund Trust for Micro and Small Enterprises, it has been decided as under:

Tolerable limit for ALP determination- 1% for wholesale traders & 3% in other cases

April 15, 2013 1003 Views 0 comment Print

Notification No. 30/2013 – Income Tax Central Government hereby notifies that where the variation between the arm’s length price determined under section 92C and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed one per cent of the latter for wholesale traders and three per cent of the latter in all other cases

IRDA amends Insurance Surveyors & Loss Assessors Regulations

April 13, 2013 25763 Views 11 comments Print

The license granted by the Authority may be cancelled by the Authority where the surveyor and loss assessor does not represent within a period of 45 days from the date of order of suspension.

Amendment in DTAA with UAE with respect to taxes on income & on Capital

April 12, 2013 3575 Views 0 comment Print

Notification No. 29/2013 – Income Tax Desiring to amend the Agreement between the Government of the Republic of India and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital signed at New Delhi on the 29th April, 1992 as amended by the Protocol signed on 26th March, 2007 between the Government of the Republic of India and the Government of United Arab Emirates (in this Protocol referred to as the Agreement),

Protocol amending the India-United Arab Emirates DTAA to be effective from March 12, 2013

April 12, 2013 1294 Views 0 comment Print

Notification No. 29/2013 – Income Tax [F.NO. 503/5/2004-FTD-II], DATED 12-4-2013 Whereas the annexed Second Protocol amending the Agreement between the Government of the Republic of India and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (hereinafter referred to as “Protocol”) signed on the 16th day of April, 2012 shall enter into force on the 12th day of March, 2013, being the date of the later of the notifications

ST – Amendment in CESTAT appeal filing forms (S.T.-5, S.T.-6, S.T.-7)

April 10, 2013 7476 Views 0 comment Print

1. 1) These rules may be called the Service Tax (Second Amendment) Rules, 2013. (2) They shall come into force on and from the 1st day of June, 2013. 2. For Form No. S.T.-5, S.T.-6 and S.T.-7 appended to the said rules, the following Forms shall respectively be substituted, namely

Government Declares a Holiday on Sunday – April 14, 2013

April 8, 2013 3680 Views 0 comment Print

It has been decided to declare Sunday, the 14th April 2013, as a Closed Holiday on account of the birthday of Dr. B.R. Ambedkar, for all Central Government Offices including Industrial Establishments throughout India.

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