All about New Company Secretaries (Amendment) Bill, 2010 Posted: 21 Dec 2011 08:00 PM PST The Company Secretaries (Amendment) Bill, 2010 proposes to amend the Company Secretaries Act, 1980 to apply certain provisions of the Limited Liability Partnership Act, 2008 to the Company Secretaries Act, 1980 in order to allow the members of the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Termination of contractual job can be challenged in court – SC Posted: 21 Dec 2011 06:22 AM PST GRIDCO Limited & ANR. Vs. Sri Sadananda Doloi & Ors. (SC) - There has been a notable shift from the stated legal position settled in earlier decisions, that termination of a contractual employment in accordance with the terms of the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Amendment to Schedule XIV to the Companies Act,1956 – Changes in Depreciation Rate on Plant and Machinery Posted: 21 Dec 2011 05:37 AM PST NOTIFICATION [F. NO. 2/6/2008-CL.V], DATED 14-12-2011 In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following alterations in the Schedule XIV of... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Govt taking action against Kingfisher for TDS payment default Posted: 20 Dec 2011 08:22 PM PST Vijay Mallya-promoted airlines has not defaulted on payment of dues towards provident fund of the employees. The government on Tuesday said it is taking action against debt-ridden Kingfisher Airlines for not depositing Rs 153 crore, which the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Advance tax collection from top 100 companies declined by 1.4 per cent Posted: 20 Dec 2011 08:21 PM PST Advance tax collection from the country's top 100 companies, according to the final numbers, declined by 1.4 per cent to Rs 30,763 crore in the third quarter of 2011-12, indicating sluggishness in the economy. These corporate houses had paid Rs... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| IRDA – Claim consultancy by Insurance Brokers Posted: 20 Dec 2011 08:21 PM PST CIRCULAR No. IRDA/BRK/CIR/GLD/270/12/2011, dated 7-12-2011 - The Insurance Regulatory and Development Authority (Insurance Brokers) Regulations, 2002 have laid down the functions of a Direct Broker in Regulation 3. Regulations 3(e) and 3(j) envisage... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Regarding continuation of anti-dumping duty on 'Sodium Hydrosulphite originating in, or exported from, China PR Posted: 20 Dec 2011 08:20 PM PST Notification No. 111/2011-Customs in exercise of the powers conferred by sub-sections (1) and (5) of Section 9A of the said Act and in pursuance of rule 23 of the said rules, the Central Government hereby makes the following amendment in the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of India Commercial and International Bank Limited Posted: 20 Dec 2011 08:17 PM PST Ref.DBOD.Ret..BC. No.66/12.06.001/2011-12 We advise that the name of State Bank of India Commercial and International Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement – SEBI CIR/MRD/DP/14/2011 Posted: 20 Dec 2011 08:16 PM PST It is observed from the information provided by the depositories that the companies listed in Annexure 'A' have established connectivity with both the depositories. Towa Sokki Limited, Atreya Petrochem Limited, The Chemo-Pharma Laboratories Limited,... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| RBI – Marginal Standing Facility – Scheme Posted: 20 Dec 2011 08:16 PM PST It has been decided to permit banks to avail themselves of funds from RBI on overnight basis, under Marginal Standing Facility (MSF), against their excess SLR holdings. Additionally, they can also avail themselves of funds, on overnight basis below... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| KYC norms and Obligation of banks under PMLA, 2002- Assessment and Monitoring of Risk – RPCD.CO.RRB.AML. BC.No.46 /03.05.33 (E) /2011-12 Posted: 20 Dec 2011 08:16 PM PST . In terms of paragraph 2 of the circular dated February 18, 2005 and paragraph 2 of the circular dated January 12, 2011, RRBs are required to prepare a risk profile of each customer and apply enhanced due diligence measures on higher risk...
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