Archive for February, 2011

MCA’s Clarification in respect of Circular No. 2/2011 dated 8th February 2011 regarding direction under Section 212(8) of the Companies Act 1956

Feb-24th-2011

  MCA on 21st February 2011, issued a clarification in respect of Circular No. 2/2011 dated 8th February 2011 regarding direction under Section 212(8) of the Companies Act 1956, the key points of the clarification are as under: It is clarified that this Ministry Circular No. 2/2011 dated 8th February 2011 shall be effective in respect

RBI Issued Advisory on Overseas Forex Trading through Electronic / Internet Trading Portals

Feb-22nd-2011

RBI on 21st February 2011 issued an advisory on Overseas Forex Trading through Electronic / Internet Trading Portals, the key points of the advisory are as under: The Reserve Bank of India has today clarified that remittance in any form towards overseas foreign exchange trading through electronic/internet trading portals is not permitted under the Foreign

Notification No.8/2011-Customs

Feb-16th-2011

New Delhi, 14 February, 2011 G.S.R.91(E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts, Jute products falling under heading 6305  of the First

CBEC Circular: Clarification regarding excisability of Bagasse prior to the budget of 2008

Feb-16th-2011

Circular No. 941/02/2011-CX  F No. 17/02/2009-CX-I New Delhi,   14th February, 2011  . To             The Chief Commissioners of Central Excise (All),             The Commissioners of Central Excise (All)             Director General of Central Excise Intelligence  Subject: – Clarification regarding excisability of Bagasse prior to the budget of 2008– reg  Sir,              Attention is invited to

RBI Advisory: Do Not Pay Money to receive Large Funds from Abroad

Feb-16th-2011

RBI isssued an advisory on 15th February 2011 regarding to the members of public against responding in any manner to offers of moneys from abroad: The Reserve Bank has today once again issued an advisory cautioning the members of public against responding in any manner to offers of moneys from abroad. It has stated that