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MCA excludes Independent Directors from the definition of Related Party

July 17, 2014 18175 Views 0 comment Print

The principal rules were published in the gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide number G.S.R. 238(E), dated the 31st March, 2014.

Revised guidelines for issue of long-term bonds by Banks

July 15, 2014 952 Views 0 comment Print

In order to ensure adequate credit flow to infrastructure sector as also towards the affordable housing needs of the country by encouraging banks to optimally utilize the long-term financing avenues already available to them to finance their lending to these sectors, the prudential guidelines on this issue have been reviewed with a view to minimize certain regulatory pre-emptions. Accordingly, instructions given in the above-mentioned circular dated June 11, 2004 have been modified and the revised guidelines for issue of long-term bonds are given in the Annex to this circular.

Enhancement of wage ceiling from Rs. 6,500 to 15,000 — urgent need of preparatory activities

July 14, 2014 9241 Views 0 comment Print

The Honible Union Minister of Finance in the Budget speech for 2014-15 has announced enhancement in statutory wage ceiling for enrollment under the EPF & MP Act 1952 to Rs. 15,000/- per month from the current maximum of Rs. 6,500/- per month. The notification for same is likely to be issued shortly.

Notification No. 11/2014-Customs Dated: 11.07.2014

July 11, 2014 907 Views 0 comment Print

soft switches and Voice over Internet Protocol (VoIP) equipment, namely, VoIP phones, media gateways, gateway controllers and session border controllers;

CBEC notifies concerned State Governments as sponsoring authority for Metro Rail Projects covered under Project Import Regulations, 1986

July 11, 2014 1670 Views 0 comment Print

n exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Project Imports Regulations, 1986, namely:-

Customs – CBEC provides flexibility in securing registration from DSIR to avail duty benefit for setting up of R&D units

July 11, 2014 2108 Views 0 comment Print

The principal notification No.51/96-Customs, dated the 23rd July, 1996 was published in the Gazette of India, Extraordinary by number G.S.R. 303(E), dated the 23rd July, 1996 and last amended

Seeks to exempt from customs duty goods required for the National AIDS Control Programme funded by GFATM

July 11, 2014 890 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods

Notification No. 22/2014-Customs, Dated: 11.07.2014

July 11, 2014 2492 Views 0 comment Print

transfer the goods to a new project subject to the condition that the importer produces before the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, having jurisdiction over the port of

Notification No.21/2014-Customs Dated: 11.07.2014

July 11, 2014 1718 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962(52 of 1962), the Central Government, being satisfied that it is necessary

Seeks to amend notification No. 39/96-Customs, dated the 23rd July, 1996 so as to omit the words ‘Portable X-ray machine/system’ and to provide exemption for goods imported by NTRO

July 11, 2014 1415 Views 0 comment Print

(a) the said goods are imported by the Indian Offset Partner (here in after referred to as IOP) of the contractor to the National Technical Research Organisation, (here in after referred to as NTRO); (b) before clearance of the said goods, the importer furnishes a duty exemption

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