Central Board of Excise and Customs has made it mandatory for the importers to pay custom duty through e –payment if the duty payment exceeds Rs.1 lakh. However, the date from which the payment has to be made is still to be notified by CBEC. In 2007, e-payment facility was introduced on a voluntary basis. The Board [...]
CBEC Yet to Announce Date For Mandatory e-Payment of Custom duty if it Exceeds Rs.1 lakh
August 9, 2011 by Leave a Comment
SEBI Proposes Disclosure By Promoters dealing in Company’s share
July 31, 2011 by Leave a Comment
The Market Regulator Board, SEBI, on Friday approved the proposal of disclosure of the promoters’ dealings in the company share. Until now the promoters were outside the preview of this disclosure, unless they hold some managerial position in the company. The above step would soon come into effect after a notification for the amendments in [...]
XBRL Filing date extended to 30/11/2011 !
July 31, 2011 by
A sigh of relief for the companies who are required to file their Balance sheet and Profit and Loss account in XBRL mode as the Ministry of Corporate Affairs vide its general circular No. 57/2011 dated 28/7/2011 has extended the due date of filing without any additional fees up to 30-11-2011 or within 60 days...
Incorporate Company in India within 24 Hours From 11th August 2011
July 26, 2011 by
Can you imagine a company being incorporated in 24 hours? The Ministry of Corporate Affairs is taking every step to simplify the procedures and fastening the various processes. Another step taken in this direction by the Ministry is changing the incorporation procedures to facilitate incorporation in 24 hrs. It is expected that the immediate online...
Online approval procedure for sanction contracts U/S 297 announced !
July 26, 2011 by
In yet another step to simplify the procedural steps to be taken by a corporate for various approvals, the Ministry of Corporate Affairs has introduced from a procedure effective from 24th Septembre 2011 , for online approval for sanctioning contracts where the particular directors are interested. Section 297 states that a director of the company...
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