GENERAL CIRCULAR No.56 /2011 F. No. 35/6/2011/Insolvency 28th July 2011 It has been observed that companies are not filing Statement of Affairs (SOA) in time in terms of section 454 of the Companies Act, 1956. This delays the process of liquidation considerably. It has, therefore, been decided to give the companies and the directors of such [...]
Archive for July, 2011
RBI issued a revised procedure to detect Counterfeit Banknotes, revised guidelines are as under: Detection of Counterfeit Banknotes – Revised Procedure Please refer to the Master Circular DCM (FNVD) No. G-5/16.01.05/2011-12 dated July 1, 2011 on the above subject. In terms of Para 4 of the circular, among other things, FIRs are required to be [...]
New Delhi, the 25th July, 2011 Notification No. 42/2011-Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts club or association [...]
MCA Circular: Simplified procedure for obtaining online approval of Central Government under section 297 of the Companies Act, 1956.
General Circular No. 52/2011 Dated 25th July, 2011 Sub : Simplified procedure for obtaining online approval of Central Government under section 297 of the Companies Act, 1956. In order to cut timelines in giving approval, the Ministry has decided to simplify the procedures and to give approval online, if the proposed contract has [...]
GENERAL CIRCULAR NO. 54/2011 F. No. 35/6/2011/Insolvency Dated 26th July 2011 Subject: Pro-active action in case of winding up petitions. It has been noticed that winding up petitions are filed by creditors, stake holders and management before Hon’ble High courts without providing full information. This leads to waste of valuable time of Hon’ble Court and [...]