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Aircraft (Amendment) Bill

 

NEW DELHI: A bill to enhance powers of Directorate General of Civil Aviation, increase penalties for violation of aviation laws and ensure proper safeguards in safety and security areas was passed by Lok Sabha on Monday. The Aircraft (Amendment) Bill, 2006 was passed by a voice vote without any disc..

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Guidelines for Overseas Investments by Venture Capital Funds

 

  CIRCULAR NO. SEBI/VCF/CIR NO. 1/ 98645 /2007, DATED 9-8-2007 1.      SEBI registered Venture Capital Fund (VCFs) are permitted to invest in securities of foreign companies in terms of regulation 12(ba) of the SEBI (Venture Capital Funds) Regulations 1996. Reserve Ba..

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Future approach towards monitoring of frauds in NBFCs

 

CIRCULAR NO. DNBS.PD.CC. NO. 106 /03.10.42/2005-06, DATED 4-9-2007   Please refer to Company Circular 59 dated October 26, 2005 on the captioned subject. It was advised in terms of paragraph 3.1.4 thereof that FMR-1, in cases where the amount involved in fraud is Rs 25 lakhs and above shall..

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Future approach towards monitoring of frauds in NBFCs

 

CIRCULAR NO. DNBS.PD.CC. NO. 106 /03.10.42/2005-06, DATED 4-9-2007   Please refer to Company Circular 59 dated October 26, 2005 on the captioned subject. It was advised in terms of paragraph 3.1.4 thereof that FMR-1, in cases where the amount involved in fraud is Rs 25 lakhs and above shall..

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Import and Export Through Courier

 

Circular No.31/2007 (Customs) F.No.450/97/2005-Cus. IV Government of India Ministry of Finance Department of Revenue {Central Board of Excise & Customs} ***    New Delhi, dated 29th  August, 2007   To All Chief Commissioners of Customs, All Chief Commissioners o..

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Foriegn Direct Investments Proposals

 

The hon'ble Finance Minister has approved 17 Foreign Direct Investment proposals  recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 31st August, 2007.  The approval amounts to Rs. 284.7695 crore.   The proposals are related to Ministries /Departments..

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Amenesty Scheme

 

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Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07

 

RBI/2007-2008/101DBS.ARS.BC. No.  3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBI Dear Sir/Madam,               &nb..

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Profession Tax

 

Circular No: 16 Date of Issue: 18/2/1969 Section(s) Referred: 37(1) Statute: Income-Tax Act [15] Professional tax-Admissibility of professional tax as revenue expenditure under section 37(1) of I.T. Act, 1961. It has been represented to the Board that the professional tax is not being allowed ..

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