Achuthan Committee on Takeover Regulations submits report to SEBI and recommeded substantive changes in the takeover rules, main recommendation are as under: Triggers for open offers The Committee has recommended an increase in the acquisition threshold for the initial trigger of an open offer from the current level of 15% to 25% of the [...]
CBEC issued a notification regarding Display at Airports / LCS about prohibition of import / export of Indian currency notes of denomination of above Rs.100 in India and in Nepal, the key points of the notification are as under: As you may be aware, the export and import of currency notes of Government of [...]
The Central Board of Direct Taxes (CBDT) has amended the Rules relating to electronic filing of income tax returns vide Notification No.49/2010 dated 9th July 2010. The amended Rules will apply with effect from the date of notification in the official gazette. As per the amended Rules, it is now mandatory for all companies [...]
SEBI on 07th July 2010 issued a circular regarding Exposure Margin for Exchange Traded Equity Derivatives, Key points of the circular are as follows: CIR/DNPD/3/2010 July 7, 2010 Sub: Revised Exposure Margin for Exchange Traded Equity Derivatives This is in modification of SEBI Circular No. SEBI/DNPD/CIR-41/2008 dated October 15, 2008 which specified that the exposure [...]
Net direct tax collections during first quarters of the present fiscal (up to June 2010) stood at Rs.68,675 crore, up from Rs.59,465 crore in the same period last fiscal, registering a growth of 15.49 percent. Growth in Corporate Taxes was 21.65 percent (Rs.43,439 crore as against Rs. 35,709 crore), while Personal Income Tax (including STT, [...]
