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Notification No. 32/2015 – Customs, Dated- 8th May, 2015

May 8, 2015 4358 Views 0 comment Print

Notification No.32/2015 – Customs, Dated- 8th May, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-

Notification No. 44/2015 – Income Tax Dated 8/5/2015

May 8, 2015 2851 Views 0 comment Print

Notification No. 44/2015 – Income Tax (INCOME-TAX) S.O. Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section(4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) thereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India vide number S.O. 50 (E), dated the 8thth January, 2008 subsequently amended vide Notification No. S.O. 1605 (E), dated 2nd July 2008 and vide Notification S.O. No. 1210 (E) dated 21.5.2010.

Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions

May 7, 2015 948 Views 0 comment Print

The Reserve Bank has adopted a phased manner of implementation of security and risk mitigation measures in card transactions as evident from the instructions issued from time to time. The acceptance infrastructure is getting geared to accept EMV chip and pin cards.

Mandatory issue of acknowledgement to pensioners on submission of life certificates

May 7, 2015 1292 Views 0 comment Print

In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch of the pension paying bank.

Framework for dealing with loan frauds

May 7, 2015 3393 Views 0 comment Print

The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to prevention, early detection and reporting of frauds has been looked into by an Internal Working Group (IWG) of the RBI

Notification No. 31/2015-Customs Dated 7th May, 2015

May 7, 2015 1482 Views 0 comment Print

Liquefied natural gas (LNG) and natural gas (NG) when imported by GAIL for supply to a generating company as defined in clause (28) of section 2 of the Electricity Act, 2003 (36 of 2003) to supply electrical energy or to engage in the business of supplying electrical energy, for generation of electrical energy:

Extension of time for export of Red Sanders wood by Govt of Andhra Pradesh & DRI

May 6, 2015 921 Views 0 comment Print

Dated: May 6, 2015 Time upto 30.04.2016 has been allowed to the Government of Andhra Pradesh & Directorate of Revenue Intelligence (DRI) to finalize the modalities and export of respective allocated quantity of Red Sanders wood.

Negotiable Instruments (Amendment) Act, 2015 to amend NI Act, 1881

May 6, 2015 18459 Views 0 comment Print

The Supreme Court, in its judgment dated 1st August, 2014, in the case of Dashrath Rupsingh Rathod versus State of Maharashtra and another (Criminal Appeal No. 2287 of 2009) , held that the territorial jurisdiction for dishonour of cheques is restricted to the court within whose local jurisdiction the offence was committed, which in the present context is where the cheque is dishonoured by the bank on which it is drawn.

SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015

May 5, 2015 2451 Views 0 comment Print

These regulations may be called the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015

May 5, 2015 1934 Views 0 comment Print

These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette.

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