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Notifications

Notification No. 10/2014-Customs Dated: 12.05.2014

May 12, 2014 904 Views 0 comment Print

Any dispute between the Contracting Parties concerning the interpretation or application of the present Agreement shall be settled by negotiation between them.

Banks not permitted to levy charges for non-maintenance of minimum balances in inoperative Basic Savings Bank Deposit Accounts account

May 6, 2014 3588 Views 0 comment Print

Further, in terms of para 3 of our Circular DBOD. No. Leg. BC.35/09.07.005/2012-13 dated August 10, 2012 on ‘Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Accounts’ it was advised to banks that no charge should be levied for non-operation/activation of Basic Savings Bank Deposit Accounts (BSBDAs).

Minors above the age of 10 years can open and operate savings bank accounts independently

May 6, 2014 2167 Views 0 comment Print

Minors above the age of 10 years may be allowed to open and operate savings bank accounts independently, if they so desire. Banks may, however, keeping in view their risk management systems, fix limits in terms of age and amount

National Small Savings Fund (Custody and Investment) Amendment Rules, 2014

May 2, 2014 1162 Views 0 comment Print

1. (1) These rules may be called the National Small Savings Fund (Custody and Investment) Amendment Rules, 2014. (2) They shall be deemed to have come into force on the 1st day of April, 2014.

MEP on export of edible oils in branded consumer packs of upto 5 Kgs reduced to USD 1100 per MT

April 30, 2014 1462 Views 0 comment Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government hereby amends with immediate effect Para 4 of Notification No 22(RE-2013)/2009-14 dated 18th June 2013 read with Notification No. 45 (RE-2013)/2009-14 dated 09.10.2013 relating to Sl. No. 92 of Schedule 2 of ITC(HS) Classification of Export & Import Items as under.

Implementation of National Judicial Reference System Project of Income Tax Department

April 29, 2014 1151 Views 0 comment Print

As you may be aware, the department has been working on a project to create an electronic database of all income tax appeals and judgments of the ITAT, HCs and the Supreme Court. The project is titled the National Judicial reference System (NJRS), and is being taken up under the Directorate General of Income Tax (Legal & Research). The project is expected to provide information which will enable all officers to take timely action in appeal matters, aid decision making and improve litigation management in the department in general. A brief note on the project is attached for your reference at Annexure A.

NABARD approved for the purpose of section 36(1)(xii) of Income Tax Act, 1961

April 29, 2014 4099 Views 0 comment Print

Notification No. 25/2014-Income Tax In exercise of the powers conferred by clause (xii) of sub-section (1) of section 36 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the National Bank for Agriculture and Rural Development (PAN: AAACT4020G) established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (No. 61 of 1981)

MCA specifies forms which needs pre-certification by CA, CS or CMA

April 28, 2014 82299 Views 5 comments Print

The following e-forms filed by companies, other than one person companies and small companies, under sub-rule (1) of rule 9, shall be pre-certified by the Chartered Accountant or the Company Secretary or as the case may be the Cost Accountant, in whole-time practice, namely:‑

Companies (Registration Offices and Fees) Amendment Rules, 2014

April 28, 2014 8645 Views 0 comment Print

– In exercise of the powers conferred by sections 396, 398, 399, 403 and section 404, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Registration Offices and Fees) Rules, 2014, namely:-

Unlisted cos. raising funds abroad to comply with SEBI’s disclosure norms at time of listing in India

April 25, 2014 1695 Views 1 comment Print

This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) (Amendment) Scheme, 2014.

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