How to get refund of Excess /Incorrect ROC Fees paid for availing MCA 21 services

How to get refund of Excess /Incorrect ROC Fees paid for availing MCA 21 services

Posted: 31 May 2011 08:00 PM PDT

The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the...

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Notification soon on exempting People earning upto Rs 5 lakh from filing Income tax Return

Posted: 31 May 2011 07:59 PM PDT

As many as 85 lakh salaried tax payers with an annual income of up to Rs 5 lakh will not have to file income-tax return from now onwards, a finance ministry official said. No income-tax returns would be required for salaried persons earning up to Rs...

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Prakash Chandra takes over as Chairman CBDT in place of Sudhir Chandra

Posted: 31 May 2011 07:57 PM PDT

Shri Prakash Chandra, an IRS (IT) Officer of the 1973 batch, took over as Chairman of Central Board of Direct Taxes (CBDT) today afternoon. He will also continue to look after the work relating to Personnel and Vigilance matters. Shri Chandra was...

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Depreciation for the purpose of declaration of Dividend under Section 205 in case of companies referred to in Section 616 (C ) of the Companies Act, 1956 (the Act)

Posted: 31 May 2011 07:56 PM PDT

General Circular No: 31 /2011 It has been noticed that despite having clear provision in section 616 (C) of the Companies Act, 1956, the companies engaged in the generation or supply of electricity are approaching Ministry of Corporate Affairs for...

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Corrigendum to CCI Notification SO 479(E) dated 04 March, 2011

Posted: 31 May 2011 07:28 PM PDT

In the notification of the Government of India in the Ministry of Corporate Affairs, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), number S.O. 479(E), dated the 4th March, 2011, for section 31 of the said...

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Section 44A of the Competition Act, 2002 comes into force from 1st day of June, 2011

Posted: 31 May 2011 07:14 PM PDT

In exercise of the powers conferred by sub-section (3) of section 1 of the Competiotion Act, 2002 (12 of 2003), the Central Government hereby appoints the 1st day of June, 2011 as the date on which section 44 of the said Act (inserted by section 37...

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Central Government appoints 1st day of June, 2011 as the date on which Sections 43A of the Competition Act, 2002 shall come into force

Posted: 31 May 2011 07:10 PM PDT

In exercise of the powers conferred by sub-section (3) of section 1 of the Competiotion Act, 2002 (12 of 2003), the Central Government hereby appoints the 1st day of June, 2011 as the date on which section 43A of the said Act (inserted by section 37...

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Lodge you complain on Facebook, Twitter against questionable advertisement campaigns – ASCI

Posted: 31 May 2011 06:57 PM PDT

Errant advertisers could face more heat from industry watch dog ASCI, which has jumped on the social networking bandwagon, encouraging youths to speak out against questionable campaigns through its Facebook and Twitter accounts. Within a month of...

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Bank of India raises Interest rate on deposit by up to 2.5 per cent

Posted: 31 May 2011 06:45 PM PDT

State-owned Bank of India (BoI) today raised fixed deposit rates on various maturities by up to 2.5 per cent. The bank increased the interest rate by 250 basis points (2.5 per cent) to 5.50 per cent for term deposits of 31-45 days'' tenor. The...

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Supreme Courtquashes land allotment to Sourav Ganguly by WB Govt

Posted: 31 May 2011 05:56 PM PDT

Humanity & another Versus State of West Bengal & Ors. (Supreme Court) - Several writ petitions were filed in public interest before the Calcutta High Court challenging the allotment of land given in favour of Mr. Sourav Ganguly...

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Centre Seeks Views of State Governments and Political Parties on Lokpal

Posted: 31 May 2011 10:10 AM PDT

Centre has sought the views of State Governments and Political Parties on certain issues related to drafting of Lokpal Bill. The text of the letter written by the Chairman of the Drafting Committee, Shri Pranab Mukherjee is as follows: The issue of...

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Chidambaram advocates more taxes on luxury items, inheritance levy

Posted: 31 May 2011 09:50 AM PDT

Concerned over low tax-GDP ratio, Home Minister P Chidambaram has pitched for higher taxes on luxury products and imposing inheritance tax. Chidambaram, who is a former finance minister, had expressed these views at the full Planning Commission...

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ICAI – President's Message – June 2011

Posted: 31 May 2011 09:34 AM PDT

Let the faith of people of the world be restored in democracy for good, where the supreme power lies with the citizens who themselves elect people to represent them; democracy needs to be celebrated and kept alive by all possible means. Father of...

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HC asks CCI to provide complete order to NSE by Friday

Posted: 31 May 2011 05:37 AM PDT

The Delhi High Court today asked Competition Commission to provide the NSE by friday its complete order including views of members dissenting with the majority ruling that held the bourse guilty of abusing market dominance. The National Stock...

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Filling up of the vacancies of Indirect Tax Ombudsman – CIRCULAR [F. NO. A. 35017/35/2011-AD.II], DATED 30-05-2011

Posted: 31 May 2011 05:24 AM PDT

CIRCULAR [F. NO. A. 35017/35/2011-AD.II], DATED 30-5-2011 - I am directed to state that seven (7) posts of Indirect Tax Ombudsman at 7 stations, viz., New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Ahmedabad and Lucknow (in the HAG + pay scale of...

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Circular on selection for the posts of Indirect Tax Ombudsman – CIRCULAR [D.O. F.NO.A-12026/5/2011-AD.I], DATED 25-05-2011

Posted: 31 May 2011 05:23 AM PDT

CIRCULAR [D.O. F.NO.A-12026/5/2011-AD.I], DATED 25-5-2011 You are aware that the Government of India has created 7 posts of Indirect Tax Ombudsman at 7 stations, viz., New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Ahmedabad and Lucknow under the...

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Indirect Tax Ombudsman Guidelines, 2011

Posted: 31 May 2011 05:20 AM PDT

The Guidelines are introduced with the objective of enabling the resolution of complaints relating to public grievances against the Customs, Central Excise and Service Tax Department and to facilitate the satisfaction or settlement of such...

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Revision in the powers of adjudication of the officers of Customs – Circular No.24/2011-Customs – Dated 31st May, 2011

Posted: 30 May 2011 11:01 PM PDT

Circular No.24/2011-Customs References have been received from the field formations for specifying the 'proper officer' for issuance of show cause Notice and adjudication of cases of export under the drawback and Export Promotion Schemes. Further,...

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Banks' NPAs may rise due to rate hikes- Central Bank of India

Posted: 30 May 2011 09:38 PM PDT

Central Bank of India chief S Sridhar today said the industry's non-performing assets (NPAs) are likely to increase, as some smaller companies that borrowed during the low rates regime would find it difficult to service their loans due to the hike...

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No-action Letter under SEBI (Informal Guidance) Scheme, 2003 – LETTER NO. CFD/DCR/SKMTO/18052/2011, DATED 25-5-2011, DATED 25-05-2011

Posted: 30 May 2011 09:30 PM PDT

Request for No-Action Letter under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 [The Scheme] in the matter of acquisition of shares of M/s. Disa India Limited [Target Company/Applicant] under SEBI (Substantial Acquisition...

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CWA – Extension of the last date for admission to Foundation, Intermediate and Final Course for December 2011 term of Examination

Posted: 30 May 2011 09:30 PM PDT

5th June 2011 , the last date for admission to Foundation, Intermediate and Final Course for December 2011 term of examination being Sunday, the same is now being extended to the next working day i.e. 6th June 2011. This extension be...

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COMPETITION LAW – Amendment in CAT (Salaries and Allowances and other terms and conditions of service of the Chairperson & other Members) Rules, 2009

Posted: 30 May 2011 09:30 PM PDT

NOTIFICATION NO. G.S.R. 397(E), DATED 24-5-2011 - In exercise of the powers conferred by clause (mc) of sub-section (2) of section 63 read with sub-section (1) of section 53G of the Competition Act, 2002 (12 of 2003), the Central Government hereby...

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RBI Guidelines for Accounting of Repo / Reverse Repo Transactions-Clarification

Posted: 30 May 2011 09:30 PM PDT

We have received queries from market participants whether the Master Repo Agreement finalised by FIMMDA is mandatory for repo transactions in Government Securities settled through CCIL. In this regard, it is clarified that the Master Repo Agreement...

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Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified vide Notification No.37/2011-Customs (N.T.) dated May 31, 2011

Posted: 30 May 2011 09:30 PM PDT

Notification No. 37/2011 – Customs (N. T.) - Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.37/2011-Customs (N.T.) dated May 31, 2011 and thereby notifying tariff values of edible oils, brass scrap...

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