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SEBI : (Issue Of Capital And Disclosure Requirements)(Fourth Amendment) Regulations, 2012

October 12, 2012 886 Views 0 comment Print

The amount for general corporate purposes, as mentioned in objects of the issue in the draft offer document filed with the Board, shall not exceed twenty five per cent of the amount raised by the issuer by issuance of specified securities.

Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2012

October 12, 2012 3077 Views 0 comment Print

NOTIFICATION [F.NO. 17/161/2012 – CL.V], The following class of companies have to file their Balance Sheet. Profit and Loss Account and any other document as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxonomy given in Annexure II for the financial year commencing on or after 1st April, 2011 with e-Form No. 23AC-XBRL and 23ACA-XBRL specified under the Companies (Central Government) General Rules and Forms, 1956 namely:-

NEFT – Requirement of IFSC in transactions

October 12, 2012 1048 Views 0 comment Print

NEFT system provides for an efficient, affordable, safe mode of funds transfer in near real time. The growth in volume and value of transactions processed under the NEFT in recent times reflects its popularity as newer segments of population have also started using the system for meeting their remittance requirements.

Amendment in ITC (HS) 2012 Schedule 1 – Import Policy with Customs Tariff Schedule-2012

October 11, 2012 441 Views 0 comment Print

Certain items with their attendant ITC (HS) codes were omitted in the ITC(HS) published vide Notification No. 111 dated 18.4.2012.These have been incorporated with a view to align with Customs Tariff Schedule 2012. NOTIFICATION NO. 22 (RE-2012)/2009-2014

DGFT Notification No. 7 (RE – 2012)/2009-2014 dated 23.7.2012 is effective from 17.03.2012

October 11, 2012 715 Views 0 comment Print

Incorporated the changes in the descriptions of tariff lines in Chapters 24,26,74,75,76,78 and 79 in accordance with the changes in the Finance Bill 2012-13. This notification was silent on the date on which these changes were to take effect. Accordingly, some interpreted the changes to take effect from the date of notification i.e., 23/07/2012 and some others from the date on which Finance Bill 2012 was passed i.e., 17/03/2012. Therefore, this amendment is being made to impart greater clarity. NOTIFICATION NO. 21 (RE – 2012)/2009-2014

Notification No. 37/2012-Central Excise; dated: 11.10.2012

October 11, 2012 1517 Views 0 comment Print

he principal notification No. 12/2012-Central Excise, dated the 17th March, 2012, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 163(E), dated the 17th March, 2012 and was last amended vide notification No. 36/2012-Central Excise, dated the 18th September, 2012, published vide number G.S.R. 697(E), dated the 18th September, 2012.

Educational DVDs Exempted from Excise Duty

October 11, 2012 1360 Views 0 comment Print

G.S.R. 760(E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India

TIEA between INDIA and MACAO notified

October 10, 2012 349 Views 0 comment Print

Notification No. 43/2012-Income Tax Whereas the annexed Agreement between the Government of the Republic of India and the Government of the Macao Special Administrative Region of the People’s Republic of China for the exchange of information with respect to taxes signed in Macao on the 3rd January, 2012 shall come into force on the 16th day of April, 2012, being the date of receipt of later of the notifications after completion of the procedures as required by the respective laws for the entry into force of this Agreement, in accordance with article 13 of the said Agreement.

NC Notification No. 94/2012-Income Tax Dated 9/10/2012

October 9, 2012 334 Views 0 comment Print

NC Notification No. 94/2012-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.698(E) dated the 3rd October, 1997, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 1, “Development of land and construction of 1,00,000 houses

NC Notification No. 93/2012-Income Tax Dated 9/10/2012

October 9, 2012 283 Views 0 comment Print

NC Notification No. 93/2012-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1404(E) dated the 4th September, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 11, “Centre for Rehabilitation and Development, Chitrakoot, UP (for relief

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