Allocation of quantity of Rough Marble and Travertine Blocks for import for Financial Year 2014-15 – DGFT Trade Notice

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011.   Trade Notice No. 12/2014, dated 8th January 2015   To,   Members of Trade All Regional Authorities of DGFT All Custom Authorities   Subject:      Allocation of quantity of Rough Marble and Travertine Blocks for import … Read more

Amendment in the Companies (Appointment and Qualification of Directors) Rules, 2014

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i)] Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, 19th January, 2015 G.S.R. (E) .— In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4) and clause (f) of sub-section (6) of section 149, sub-sections … Read more

SEBI invites applications for empanelment of Chartered Accountants to take up work relating to valuation of shares

SEBI invites applications, from eligible Chartered Accountant firms, in a sealed envelope for empanelment of Chartered Accountants (“CAs”), to take up work relating to valuation of shares in terms of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) and valuation of assets in relation to schemes of arrangement undertaken under the … Read more

Procedure for allowing re-export of goods that are imported under a bonafide mistake is simplified

Circular No. 04/2015-Customs       F. No. 450/74/2014-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ***** Room No. 229-A, North Block New Delhi, dated: 20.01.2015 To,  All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs/Customs (Preventive) All Commissioners of … Read more

Individual travelling from India to Nepal or Bhutan can carry Reserve Bank of India currency notes of denomination Rs.500/- and/or Rs.1000/- up to a limit of Rs.25000

RESERVE BANK OF INDIA(FOREIGN EXCHANGE DEPARTMENT)CENTRAL OFFICEMUMBAI Notification No. FEMA. 331/2014-RB December 16, 2014 Foreign Exchange Management (Export and Import of Currency)(Second Amendment) Regulations, 2014 In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 … Read more

Guidelines for computation of Base Rate

RBI/2014-15/414DBR.Dir.BC.No.63/13.03.00/2014-15 January 19, 2015 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/Madam Interest Rates on Advances A reference is invited to our circulars DBOD.No.Dir.BC.88/13.03.00/2009-10 dated April 9, 2010 on ‘Guidelines on the Base Rate’ and DBOD.No.Dir.BC.47/13.03.00/ 2013-14 dated September 2, 2013 on ‘Base Rate- Revised Guidelines’. 2. Based on the recommendations of the Working Group on pricing of Credit (Chair: … Read more

CA Final result percentage for November 2014 examination and CA CPT result percentage for December 2014 examination

The Institute of Chartered Accountants of India (ICAI) announced the results of  Chartered Accountants Final Examination held in November, 2014. The details of percentage of candidates passed in the examination is given below: Examination Group No. of candidates appeared No. of candidates passed  % of pass   36254 8.23 % 64972 23.41 %   66552 10.26 % The Institute of Chartered … Read more

Examples of residential status as per income tax act

In last article we have studied the concept of residential status. Let’s now solve some problems for clarification of concepts. Problem No.1 Mr. Amar, Indian citizen left India first time on November 25, 2011 for meting his relatives outside India. During the calendar year 2012 he did not visit India. He finally came to India … Read more

Amendment in the Companies (Corporate Social Responsibility Policy) Rules, 2014

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the  Iv 19th  January, 2015 G.S.R.  .(E) .— In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 … Read more