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Mar 20, 2013

Relaxation of additional fees & extension of last date in filing of various ROC forms

Relaxation of additional fees & extension of last date in filing of various ROC forms

Posted: 20 Mar 2013 09:10 PM PDT

Circular No: 7/2013, Dated -20/03/2013 Sub: – Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs-reg. In continuation of the Ministry's General Circular No: 03/2013 dated 08-02-2013 on the subject cited, I am...

Bank Branch Audit Report Format & Guidance on Reporting on MoCs

Posted: 20 Mar 2013 08:43 PM PDT

This is to inform you all regarding 2013 Guidance Note on Audit of Banks as also reporting in respect of total number and amounts of debits/ credits pursuant to Memorandum of Changes issued by the bank branch auditors and reporting thereof under the "Other Matters" Paragraph in the bank branch...

Incentivizing flow of funds from foreign subsidiaries into India

Posted: 20 Mar 2013 05:33 AM PDT

The Hon'ble Finance Minister (FM) presented the Union Budget 2013 amidst major challenges facing the Indian economy. Some of the most important considerations for the FM were reviving growth, increasing savings and investments, reining in inflation and gaining back the confidence of the foreign...

Assessee may pay service tax on exempted services

Posted: 19 Mar 2013 09:39 PM PDT

The short issue for consideration is whether the appellants could have paid tax on an exempted services and claimed refund under Notification No. 17/2009 which allows refund of tax paid on services used in or in relation to the export of goods. The learned appellate authority has held that when a...

FIIs permitted to offer Corporate bonds and Government securities as collateral

Posted: 19 Mar 2013 09:11 PM PDT

Please refer to SEBI circular Nos. SEBI/DNPD/Cir- 32/2007 dated September 11, 2007 and CIR/MRD/DP/15/2010 dated April 28, 2010 permitting FIIs to offer, as collateral, cash and foreign sovereign securities with AAA rating in F&O segment and cash, foreign sovereign securities with AAA rating...

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