LEGAL & FINANCIAL UPDATES FROM TAX GURU 26.04.2009

UPDATES FROM TAX GURU Applicability of the provisions of the Export of Services Rules, 2005 in certain situations Posted: 25 Apr 2009 08:53 PM PDT F.No.137/307/2007-CX.4 (Pt.) Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, dated the 24th February, 2009. Subject: Applicability of... Auditors may get power to directly verify financial information of their clients with banks Posted: 25 Apr 2009 08:45 PM PDT Banking and market regulators are considering a proposal authorising auditors to directly verify financial information of their clients with banks where they hold accounts, a person familiar with the... SEBI asks companies to declare dividend on per share basis instead of Percent basis Posted: 25 Apr 2009 04:29 AM PDT Clearing shareholders' confusion over returns they get from equities, market regulator SEBI on Friday made it mandatory for companies to declare dividend on per share basis, besides prescribing... RBI proposed Payment of Interest on Savings Bank Account on a Daily Product Basis from 01.04.2010 Posted: 25 Apr 2009 04:23 AM PDT RBI/2008-09/ 452 DBOD. No. Dir. BC.128/13.03. 00/2008-09 April 24, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Payment of Interest on Savings Bank Account on a Daily Product....

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