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Feb 29, 2012

How to know ownership details of a vehicle through mobile

Whether penalty and interest can be levied if Excise duty has been paid before issue of Show Cause Notice

Posted: 28 Feb 2012 07:56 PM PST

CCE Vs. M/s. Plaxair India Pvt. Ltd. (Supreme Court) - In the present case, it is the stand of the assessee that the assessee had paid the duty under the provisions of the Act before the issue of the Show Cause Notice and, therefore, not liable for...

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How to know ownership details of a vehicle through mobile

Posted: 28 Feb 2012 07:26 PM PST

We can now have the ownership details of a vehicle using the Vehicle registration number instantly through SMS. Send a SMS to 092123 57123 typing vahan You would get the following information instantly

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Right to move court for arbitration – SC

Posted: 28 Feb 2012 07:13 PM PST

Dakshin Shelters Pvt. Ltd. Vs. Geeta S. Johari (Supreme Court) - The SC ruled, that if a disputing party asks its rival to appoint an arbitrator according to their agreement and if it is not complied with, the former can approach a court for...

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ICAI President's Message – March 2012 – Regional Councils and Branches to organise CPT Classes for Examination in June 2012

Posted: 28 Feb 2012 04:27 PM PST

Empanelment of Statutory Auditors: We recently held an emergent meeting to deliberate upon the proposal of the RBI Working Group on Revision in the Norms for Empanelment of Statutory Auditors and other issues relating to appointment of Statutory...

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Promising Times for Chartered Accountants

Posted: 28 Feb 2012 02:53 PM PST

These are exciting yet challenging times for Indian chartered accountants. The year 2012 will be an eventful year for Indian accountancy profession if both external and internal developments are any indication. World economy is in turmoil and is...

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Circular for Mutual Funds – Distributor Due Diligence, Clarification to Regulation 24 of SEBI (Mutual Funds) Regulations, 1996

Posted: 28 Feb 2012 08:23 AM PST

Circular No. Cir/IMD/DF/7/2012 , Dated- February 28, 2012 It is hereby clarified that the due diligence of distributors is solely the responsibility of mutual funds/AMCs. This responsibility shall not be delegated to any agency. However, mutual...

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Circular on Mutual Funds – Amendments to SEBI (Mutual Funds) Regulations, 1996, Valuation of Debt and Money Market Instruments, Advertisement

Posted: 28 Feb 2012 08:17 AM PST

Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. LAD-NRO/GN/201 1-12/38/4290 dated February 21, 2012 pertaining to Securities and Exchange Board of India (Mutual Funds) (Amendment)...

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SEBI Clarification on Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism

Posted: 28 Feb 2012 08:07 AM PST

CIRCULAR No. MRD/DP/8/2012, dated 27-2-2012 This has reference to SEBI circular No. MRD/DP/05/2012, dated February 1, 2012 and MRD/DP/07/2012, dated February 23, 2012, on the subject. 2. It is clarified that the contents of the advertisement, if...

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Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012 – Amendment in regulations 5, 6, 9, 11, Schedule I and Schedule II

Posted: 28 Feb 2012 08:03 AM PST

NOTIFICATION F.No.3-1/Amend/Comb. Regl./2012/CD/CCI, dated 23-2-2012 These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012. (2) ...

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Verification of Marks of CS December, 2011 Examinations

Posted: 28 Feb 2012 07:55 AM PST

In terms of regulation 46 (2) of The Company Secretaries Regulations, 1982, as in force, a candidate can seek 'Verification of Marks' in any subject(s) of December , 2011 examination within one month from the date of declaration of results. The...

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ICSI – Guidelines, Rules and Procedures for Supply of Certified Copies) Of Answer Books to Students

Posted: 28 Feb 2012 07:50 AM PST

A student who wishes to obtain certified copies of his/her answer books of any subject(s) of a particular examination shall apply on the prescribed application form together with (a) requisite fee; and (b) self-attested photocopy of his/her Admit...

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Role-check for the Digital Signatures (DSCs) belonging to authorized signatories of Banks / Financial Institutions

Posted: 28 Feb 2012 07:43 AM PST

The Ministry of Corporate Affairs (MCA) has implemented MCA21 e-Governance Project. The Project is aimed at enhancing the service level efficiencies and bringing about certainty and speed in the operations of the Ministry of Corporate Affairs,...

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Amendment to Income Tax (Appellate Tribunal) Rules, 1963

Posted: 28 Feb 2012 07:32 AM PST

(1) These rules may be called the Income Tax (Appellate Tribunal) Amendment Rules, 2012. Amendment in Rule 2 Definition. For the existing Rule 2(ii)(b), the following shall be substituted:-(b) in relation to an income-tax authority who is a party to...

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Import of Gold on Loan Basis – Tenor of Loan and Opening of Stand-by Letter of Credit

Posted: 28 Feb 2012 07:24 AM PST

A.P. (DIR Series) Circular No. 83 In terms of A.P.(DIR Series) Circular No. 34 dated February 18, 2005, the maximum tenor of gold loan was notified as 240 days consisting of 60 days for manufacture and exports +180 days for fixing the price and...

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Appointment of Common Adjudicating Authority – Notification No. 13/2012-Customs (N.T.)

Posted: 28 Feb 2012 07:16 AM PST

Notification No. 13/2012-Customs (N.T.) for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s A & N Impex, House No.995, Sanjay Gandhi Colony, Sector-32A, Ludhiana issued vide, DRI F.No....

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Amends Notification No. 12/97 – Customs(N.T.) dated the 2nd April, 1997

Posted: 28 Feb 2012 06:43 AM PST

Notification No. 12/2012 - Customs (N.T.) In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further...

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Duty exemption on re-import of Cut & Polished Diamonds sent abroad for Certification/ Grading

Posted: 28 Feb 2012 06:35 AM PST

Notification No. 100(RE-2010)/2009-2014 Basic Customs Duty of 2% on import of cut & polished diamonds has been imposed by the Department of Revenue with effect from 16.1.2012 vide Notification No.01/2012. Such duty will not be applicable on...

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