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MCA revises format of DIN 1 Form WEF 25.12.2012

December 24, 2012 5142 Views 0 comment Print

(1) These rules may be called the Companies Directors Identification Number (Third Amendment) Rules, 2012. (2) They shall come into force with effect from 25.12.2012 2. In the Companies (Directors Identification Number) Rules, 2006, in Annexure ‘A’ for Form DIN-1, the following Form of DIN-1 shall be substituted, namely:-

Delegation of Powers U/s 388 B, 388C, 388E to RBI (Banking Regulation Act)

December 21, 2012 1101 Views 0 comment Print

Central Government hereby delegates its powers under sections 388B, 3880 and 388E of the said Act in relation to banking companies falling within the purview of the Banking Regulation Act, 1949 (10 of’1949), to the Reserve Bank of India subject to condition that the Central GovernMent may -revoke such delegation of powers or may itself exercise the powers under the said sections, if, in its opinion, such a course of action is necessary in the public interest.

MCA – Recognition of MCX Stock Exchange Ltd

December 21, 2012 759 Views 0 comment Print

Government of India, Ministry of Corporate Affairs Notification New Delhi, Dated 21/12/2012 S.O. 2977(E) – In pursuance of clause (39) of section 2 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Industry (Department […]

Regarding Custom Duty Exemption on import of Liquefied petroleum gases (LPG)

December 21, 2012 1441 Views 0 comment Print

G.S.R.921 (E).− In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R. 185 (E), dated the 17th March,2012, namely:-

Regarding Implementation of Direct Cash Transfers under various schemes in EPFO

December 20, 2012 1207 Views 0 comment Print

No. R-I/UID/2010/pt/ 27938 The schemes of the EPFO involving transfer of benefits to the beneficiaries namely Pension, withdrawal of Provident Fund, premature withdrawal of Pension, Payment related to EDLI have been identified by Government for implementation of Direct Cash Transfers from 1StJanuary, 2013 in 43 pilot districts (list enclosed) and in all districts thereafter.

MCA amends Form of application to the CG for appointment of cost auditor

December 19, 2012 1835 Views 0 comment Print

(1) These rules may be called the Companies (Central Government’s) General Rules and Forms (Seventh Amendment) Rules, 2012. (2) These rules shall come into force with effect from the 23rd December, 2012. 2. In the Companies (Central Government’s) General Rules and Forms, 1956, in Annexure ‘A’ for Form 23C, the following Form shall be substituted, namely:-

New Tariff rate in respect of goods imported from Singapore

December 18, 2012 1108 Views 0 comment Print

Notification No. 61/2012-Customs – Seeks to amend notification No 10/2008 – Customs, dated 15th January 2008, so as to further deepen the tariff concessions in respect of goods imported from Singapore under the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore.

‘Sint Maarten, Netherlands’, notified as specified area for DTAA

December 17, 2012 1266 Views 0 comment Print

Notification No. 54/2012-Income Tax In exercise of the powers conferred by Explanation 2 to section 90 of the Income- tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sint Maarten, a part of Kingdom of Netherlands, the area outside India as the ‘specified territory’ for the purposes of the said section.

Bank should not levy penalty on conversion of one Term deposit in other

December 14, 2012 883 Views 0 comment Print

As per extant instructions on Interest Rates on Deposits, RRBs on request from the depositor, should allow closure of a term deposit, a deposit in the form of daily deposit or recurring deposit, to enable the depositor to immediately reinvest the amount lying in the aforesaid deposits with the same bank in another term deposit.

Non-CTS 2010 Standard cheques withdrawal time limit extended to to March 31, 2013

December 14, 2012 4823 Views 0 comment Print

It has been decided to extend the time up to March 31, 2013 for banks to ensure withdrawal of non-CTS 2010 Standard cheques and replace them with CTS-2010 Standard cheques. However, it may be noted that the residual non-CTS-2010 Standard cheques that get presented in the clearing system beyond this extended period will continue to be accepted for the clearing but will be cleared at less frequent intervals.

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