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Notifications

Amendment in Notification No. 110/2004 regarding continuation of anti-dumping duty on imports of Polytetrafluroethylene (PTFE) originating in, or exported from Russia

January 11, 2010 622 Views 0 comment Print

Whereas, the designated authority vide notification No. 15/30/2008-DGAD, dated the 27th February, 2009, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 27th February, 2009 , has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995

Ready Forward Contracts in Corporate Debt Securities

January 8, 2010 2815 Views 0 comment Print

It has been decided to introduce repo in corporate bonds. In this regard, the Reserve Bank of India has issued a direction IDMD.DOD.04/11.08.38/2009-10 dated January 08, 2009 under section 45W of the RBI Act, 1934, which has been placed on the Reserve Bank of India website. A copy of the direction is enclosed.

SEBI : (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2010

January 8, 2010 424 Views 0 comment Print

Provided that the difference between the floor price and the price at which specified securities are offered to employees shall not be more than ten per cent. of the floor price.

Import policy of items under Exim Code “7208”

January 8, 2010 348 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items as under:

Notification on anti dumping duty on tyre vulcanisers or rubber processing machineries for tyres, originating in or exported from China

January 8, 2010 702 Views 0 comment Print

the dumping margins of the subject goods imported from the subject country are substantial and above de minimis; and the domestic industry has suffered material injury and the injury has been caused to the domestic industry, both by volume and price effect of dumped imports of the subject goods originating in or exported from the subject country;

Disclosure in Balance Sheet – Bancassurance Business

January 7, 2010 624 Views 0 comment Print

In order to increase transparency in the financial statements of banks, Reserve Bank of India has from time to time issued circulars to banks requiring disclosures in the ‘Notes to Accounts’ to their Balance Sheet. These instructions were consolidated in the Master Circular No.DBOD.BP.BC.NO.22/21.04.018/2009-10 dated July 1, 2009.

Prudential Norms on Creation and Utilisation of Floating Provisions

January 5, 2010 1257 Views 0 comment Print

It is, therefore, advised that all AIFIs should also follow extant guidelines on `Prudential Norms on Creation and Utilization of Floating Provisions’ issued to banks. Accordingly, we advise that guidelines issued to banks vide our circular No. DBOD.BP.BC.89/ 21.04.048/ 2005-06 dated June 22, 2006 and circular No. DBOD.BP.BC.68/ 21.04.048 / 2006-07 March 13, 2007 (copy enclosed) shall mutatis mutandis apply to AIFIs.

Section 194A of the Income-tax Act, 1961- Deduction of tax at source – Interest other than interest on securities – Notified institution

January 4, 2010 2588 Views 0 comment Print

Notification No. 1/2010-Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of Section 194A of the Income Tax Act, the Central Government hereby notifies the Rural Electrification Corporation Ltd., New Delhi for the purpose of said clause.

MVAT Notification on Delegation of Powers

January 2, 2010 1321 Views 0 comment Print

In exercise of the powers conferred by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State, Mumbai, hereby amends the notification No. Sr. D. C. (A & R)/PWR/1006/2/Adm-3, dated 6th October 2007 as follows, namely:—

SEBI : (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2010

January 1, 2010 346 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2010. (ii) These regulations shall come into force on the date of their publication in the Official Gazette.

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