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Notification No. 36 (RE -2010)/2009-2014, Dated: 23.03.2011

March 23, 2011 640 Views 0 comment Print

Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 225 per Metric Ton F.O.B. It was US$ 275 per Metric Ton as notified on 16.03.2011.

Notification No. 35 (RE-2010)/2009-2014, Dated: 23.03.2011

March 23, 2011 886 Views 0 comment Print

Prohibition on export of pulses has been extended by one more year; from 31.03.2011 to 31.03.2012. But, there are two exceptions to this. One is export of Kabuli Chana (it was permitted earlier too). Second is export of Organic Pulses (new addition now); but with a ceiling of 10,000 tonnes and subject to certain conditions mentioned above.

Delhi VAT (DVAT) – E-filing of Annual Dealers

March 23, 2011 4322 Views 0 comment Print

In exercise of the powers conferred under sub section (2) of section 26 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), I, Jalaj Shrivastava, Commissioner, Value Added Tax hereby make it mandatory for the class of dealers, whose tax period is ’one year’, to file their returns in electronic form, within 72 days of the end of their tax period, with effect from the return for the tax period ending 31st March, 2011, in such manner as prescribed in the Annexure attached herewith.

Reconciliation of transactions at ATMs failure – Time limit Complaints resolution with banks

March 22, 2011 1639 Views 0 comment Print

All authorized ATM Networks provider/operator are advised to submit the quarterly data pertaining to resolution of complaints between ATM network operator and banks in the following excel format. The quarterly data should reach us within a month on completion of each quarter through email. It may also be ensured that the format and timelimit prescribed is strictly adhered to.

Reconciliation of transactions at ATMs failure – Time limit

March 22, 2011 1215 Views 0 comment Print

Please refer to our circular DPSS/No.101/02.10.02/2009-2010 dated July 17, 2009 on the captioned subject, wherein banks were advised to submit the quarterly review of ATM transactions. 2. In continuation of the above circular banks are advised to submit the quarterly review of ATM transactions duly approved by their Board in the following Excel based formats: ATM failed transactions for complaints received/resolved – Table 1 ; Complaint resolution between issuing bank and acquiring bank for ATM failed transactions – Table 2 ; and

Income-tax – Creation of the Directorate of Income-tax (Expenditure Budget), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance with immediate effect

March 18, 2011 1516 Views 0 comment Print

Notification No. 15/2011- Income Tax The Directorate of Income-tax (Expenditure Budget) will act as the Nodal Authority in respect of all Budget matters for the Grant No. 42 Direct Taxes and will perform all work related to the management of Expenditure Budget under this grant which inter alia, include: (i) to issue the Budget Circular as prescribed by Budget Division, Department of Economic Affairs; (ii) to examine the budget proposals received from the various constituent formations/units/under the grant. (iii) to consolidate the budget proposals received from the various constituents formations/units at each stage of the Budget exercise i.e. Budget Estimate (BE), Revised Estimate (RE) and Final Requirement (FR) and submit the same to FA (Finance) for further action;

Company Law- Delegation of powers and functions to Regional Directors on selective provisions

March 18, 2011 3164 Views 0 comment Print

the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata, Chennai, Noida and Ahemdabad, the powers and functions of the Central Government under the following provisions of the said Act, namely:- Section 22, Sub-sections (3),(4),(7) and clause (a) of sub-section (8) of section 224, Section 297 (1) Proviso, Section 394-A, Section 400, Second proviso to sub-section (5) of section 439 and sub-section (6) of the said section, Clause (a) of sub-section (1) of section 496, Clause (a) sub-section (1) of section 508, Sub-section (1) of section 551, Clause (b) of sub-section (7) of section 555 and the proviso to clause (a) of sub­section (9) of the said section, Provisos to sub-section (1) of section 610, and Section 627.

Notification Declaraing rate of interest on EPF for the year 2010-11

March 18, 2011 1068 Views 0 comment Print

No.R-11018/I/2010.SS-II The undersigned is directed to refer to CPFC’s 130 Not( No.Invst.1/3(2)/133/1011/R.011205 dated 13-10-2010 on the subject mentioned above and to convey the approval of the Central Government under para 60(1) of the Employees’ Provident Funds Scheme, 1952 to crediting of interest ( 9.5% for the year 2010-11 to the account of each member of the Scheme on the condition that the 4.72 crore Member accounts should be updated within a period of six months and if any shortfall in Interest Suspense Account is noticed, then the same should be adjusted in the interest rate to be fixed for the next year (2011-12),

Notification No. 34(RE-2010)/2009-2014, Dated: 18.03.2011

March 18, 2011 520 Views 0 comment Print

Notification No 34(RE – 2010)/2009-2014,- The government has slashed the minimum export price (MEP) of onion for the third time this month to USD 275 per tonne from the earlier price of USD 350 per tonne. “MEP of onions other than Bangalore Rose Onions and Krishnapuram onions will be USD 275 per metric tonne FOB (freight-on-board),” the Directorate General of Foreign Trade said in a notification.

Company Law – Amendments in the notification number, SRO dated 7th January, 1957

March 17, 2011 2789 Views 0 comment Print

In exercise of the powers conferred sub-section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendments in the notification of the Government of India erstwhile Ministry of Law and Justice and Company Affairs (Department of Company Affairs) number, SRO 355, dated the 7th January, 1957, namely :- In the said notification, in paragraph (2), sub-paragraph (i) shall be omitted. This notification shall come into force on the date of its publication in the Official Gazette.

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