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MCA notifies 98 Sections of the Companies Act

September 12, 2013 15506 Views 0 comment Print

Ministry of Corporate Affairs issues Notification for Commencement of 98 Sections of the New Act- The Companies Act, 2013 as passed by the Parliament and assented to by the President of India is available on the Ministry of Corporate Affairs’ website at www.mca.gov.in.

RRBs – Housing Sector: Innovative Housing Loan Products – Upfront Disbursal of Housing Loans

September 11, 2013 2917 Views 0 comment Print

It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of construction of housing project,

Service Tax Exemption to National Skill Development Corporation & others related to it

September 10, 2013 13365 Views 0 comment Print

9A. Any services provided by, _ (i) the National Skill Development Corporation set up by the Government of India; (ii) a Sector Skill Council approved by the National Skill Development Corporation; (iii) an assessment agency approved by the Sector Skill Council or the National Skill Development Corporation;

Delhi VAT – Dealers to submit Form DP-1 online by 16-10-2013

September 9, 2013 427 Views 0 comment Print

Notify that the Form DP-1 shall be submitted online by all the dealers latest by 16-10-2013.

SEBI : – (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) (Amendment) Regulations, 2013

September 6, 2013 727 Views 0 comment Print

For the purposes of this sub-regulation, for the removal of doubts, it is clarified that the acts or omissions listed in this sub-regulation are not exhaustive and that an act or omission is prohibited if it falls within the purview of regulation 3, notwithstanding that it is not included in this sub-regulation or is described as being committed only by a certain category of persons in this sub-regulation.

Verification of credentials prior to issuance of Digital Signature

September 6, 2013 2143 Views 0 comment Print

In continuation to the Office Order No. CCA/DC(T)/2013-98 dated 2nd August 2013, and discussions with all CAs on 06.09.2013, the following directions are being issued for strict compliance.

Import of gold under AA/ DFIA would not necessarily be followed by export

September 6, 2013 652 Views 0 comment Print

Chapter 71 of ITC(HS) 2012 Schedule 1 stipulates that import of gold is ‘subject to RBI regulations’. The Reserve Bank of India has issued certain guidelines including A.P. (DIR Series) Circular No.25 dated August 14, 2013 on the operational aspect of the scheme of import of gold. Para 2(f) of the circular No.25 states.

Implementation of Cadre Restructuring – ACRs/APARS of Officers and Officials in your Region-reg.

September 5, 2013 553 Views 0 comment Print

With reference to F. No. HRD/CM/102/3/2009-10(Pt)/1102 dated 2nd July, 2013, I am directed to inform that the status of implementation of the Restructuring of Cadre was reviewed by the Chairperson and Member (P&V), CBDT on September 04, 2013.

Rules & Form for income distribution by a securitisation trust

September 4, 2013 982 Views 0 comment Print

Notification No. 68/2013 – Income Tax 12BA. Statement under sub-section (3) of section 115TA. – (1) The statement of income distributed by the securitisation trust shall be furnished as provided in sub-rule (2) to – (i) the Assessing Officer so designated by the Chief Commissioner or Commissioner of Income-tax, within whose area of jurisdiction, the principal office of the securitisation trust is situated;

Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website

September 3, 2013 1764 Views 0 comment Print

Please refer to circular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005 wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that banks are not following the simplified procedure as advised in the circular.

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