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Notifications

Procedure & conditions for export of cotton w.e.f 1st October 2012

October 1, 2012 1333 Views 0 comment Print

Notification No. 17 (RE-2012)/2009-14 The Procedure and conditions for export of cotton w.e.f 1st October 2012 have been notified. This is similar to Notification number 113 of 4th May 2012, except appropriate changes in para 2(iii).

Policy Guidelines for issuance & operation of Prepaid Payment Instruments in India- Amendments

October 1, 2012 721 Views 0 comment Print

A. Rationalisation in the categorisation and value limits of PPIs – The five categories of semi-closed PPIs as indicated in our previous guidelines have been replaced with three broad categories as under: Semi-closed system prepaid payment instruments can be issued upto Rs.10,000/- by accepting minimum details of the customer provided the amount outstanding at any point of time does not exceed Rs 10,000/- and the total value of reloads during any given month also does not exceed Rs 10,000/-. These can be issued only in electronic form;

Companies (Issue of Indian Depository Receipts) Amendment Rules, 2012 – Amendment in rule 10

October 1, 2012 1282 Views 0 comment Print

In the Companies (Issue of Indian Depository Receipts) Rules, 2004, in rule 10, for sub-rule (i), the following sub-rule shall be substituted, namely

AGM can be held within the city, State or town of Registered Office of company or any place approved by Central Govt.

October 1, 2012 2118 Views 0 comment Print

Notification [F. No. 9/1/2011 – CL.V], dated 1-10-2012 In exercise of the powers conferred by 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 in the erstwhile Department of Company Law Administration vide number S.R.O. 355, dated 17th January, 1957, a copy of this notification having been laid in draft before both houses of Parliament as required by sub-section (2) of that section, namely:-

Regarding deeper concessions under DFTP scheme for Least Developed Countries (LDCs)

October 1, 2012 870 Views 0 comment Print

Notification No. 56/2012-Customs following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008, published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008, namely:-

ST return to be filed by 25-10-2012 shall be for the period from 1-4-2012 to 30-6-2012

September 28, 2012 5316 Views 0 comment Print

Notification No. 47/2012 ST, Provided that the Form ‘ST-3’ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only.

Draft Notification- Grant of Exemption to Shipping Industry from Competition Act, 2002

September 28, 2012 847 Views 0 comment Print

that during the said period of one year, the Directorate General of Shipping (DG-Shipping) shall monitor operations of the agreements and for that purpose shall require compulsory lodging of the relevant documents in its offices

2 % interest subvention and 3% additional subvention for short-term crop loans in 2012-13

September 28, 2012 667 Views 0 comment Print

The interest subvention scheme for providing short term loans to farmers at 7 per cent interest per annum will be continued in 2012-13. An additional subvention of three per cent will be available to prompt paying farmers. In addition, the same interest subvention on post harvest loans up to six months against negotiable warehouse receipt will also be available. This will encourage the farmers to keep their produce in warehouses

Notification No. 41-Income Tax Dated 28-9-2012

September 28, 2012 1262 Views 0 comment Print

Notification No. 41/2012-Income Tax It is hereby notified for general information that the organization National Law School of India University, Bangalore has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2011-12 onwards in the category of “University, College or Other Institution”, engaged in research in social science research subject to the following conditions, namely

SEBI (Mutual Funds) (Second Amendment) Regulations, 2012

September 26, 2012 1755 Views 0 comment Print

Securities and Exchange Board of India SEBI (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2012 – Amendment in REGULATIONS 48 & 52 and Twelfth schedule, substitution of REGULATION 59 and insertion of REGULATION 51A NOTIFICATION No. LAD-NRO/GN/2012-13/17/21502, dated 26-9-2012 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, […]

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