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CS UPDATE JULY 8-12,2013

 TAX UPDATE  

TRANSFER PRICING - COMPUTION OF ARM'S LENGTH PRICE -APPLICATION OF PROFIT SPLIT METHOD - WITHDRAWAL OF CIRCULAR NO. 2/2013, DATED 26-3-2013 (CIRCULAR NO. 5/2013 [F. NO. 500/139/2012-FTD-I], DATED 29-6-2013)

TRANSFER PRICING - COMPUTATION OF ARM'S LENGTH PRICE - CLARIFICATIONS ON FUNCTIONAL PROFILE OF DEVELOPMENT CENTERS ENGAGED IN CONTRACT R&D SERVICES WITH INSIGNIFICANT RISK - CONDITIONS RELEVANT TO IDENTIFY SUCH DEVELOPMENT CENTERS - AMENDMENT OF CIRCULAR NO. 3/2013, DATED 26-3-2013 (CIRCULAR NO. .06/2013 [F NO. 500/139/2012], DATED 29-6-2013)

INCOME-TAX (9TH AMENDMENT) RULES, 2013

RBI UPDATE  

ANTI-MONEY LAUNDERING (AML)/COMBATING OF FINANCING OF TERRORISM (CFT) – STANDARDS (CIRCULAR NO. RBI/2013-14/123 RPCD.RRB.RCB.AML.NO. 342/07.51.018/2013-14 DATED JULY 05, 2013)

EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY - NON-BANKING FINANCE COMPANY – ASSET FINANCE COMPANIES (NBFC - AFCS) (CIRCULAR NO. RBI/2013-14/126 A.P. (DIR SERIES) CIRCULAR NO. 6 DATED JULY 8, 2013)

RISK MANAGEMENT AND INTER BANK DEALINGS (CIRCULAR NO. RBI/2013-14/127 A.P. (DIR SERIES) CIRCULAR NO. 7 DATED JULY 8, 2013)

ANTI-MONEY LAUNDERING (AML)/COMBATING OF FINANCING OF TERRORISM (CFT) – STANDARDS – PRIMARY (URBAN) CO-OPERATIVE BANKS (CIRCULAR NO. RBI/2013-2014/128 UBD.BPD(AD).CIR.NO.1/14.01.062/2013-14 DATED JULY 9, 2013)

DIRECT BENEFIT TRANSFER (DBT) SCHEME (CIRCULAR NO. RBI/2013-14/129 RPCD.CO.LBS.BC.NO.11/02.01.001/2013-14 DATED JULY 9, 2013)

ASSIGNMENT OF LEAD BANK RESPONSIBILITY IN DISTRICTS OF METROPOLITAN AREAS (CIRCULAR NO. RBI/2013-14/130 RPCD.CO.LBS.BC.NO. 12/02.08.001/2013-14 DATED JULY 11, 2013)

OVERSEAS INVESTMENTS – SHARES OF SWIFT (CIRCULAR NO. RBI/2013-14/131 A.P. (DIR SERIES) CIRCULAR NO.8 DATED JULY 11, 2013)

TRADE CREDITS FOR IMPORTS INTO INDIA – REVIEW OF ALL (CIRCULAR NO. RBI/2013-14/132 A.P. (DIR SERIES) CIRCULAR NO.9 DATED JULY 11, 2013)

EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY – REFINANCING / RESCHEDULING OF ECB (CIRCULAR NO. RBI/2013-14/133 A.P. (DIR SERIES) CIRCULAR NO.10 DATED JULY 11, 2013)

EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY – REVIEW OF ALL-IN-COST CEILING (CIRCULAR NO.RBI/2013-14/134 A.P. (DIR SERIES) CIRCULAR NO.11 DATED JULY 11, 2013)

SEBI UPDATE  

ARBITRATION MECHANISM IN STOCK EXCHANGES (CIRCULAR NO. CIR/MRD/ICC/20/2013 DATED 05.07.2013)

 REVISED POSITION LIMITS FOR EXCHANGE TRADED CURRENCY DERIVATIVES (CIRCULAR NO.  CIR/MRD/DP/ 22 /2013 DATED JULY 08, 2013)

FII/QFI INVESTMENTS IN SECURITY RECEIPTS (CIRCULAR NO. CIR/IMD/FIIC/9/2013 DATED JULY 09, 2013)

DIPP UPDATE  

AMMONIUM NITRATE (AMENDMENT) RULES, 2013 (Notification GSR 469 (E) DATED 09.07.2013)

TRAI UPDATE  

THE TELECOMMUNICATION CONSUMERS EDUCATION AND PROTECTION FUND( SECOND AMENDMENT) REGULATIONS, 2013  

NEW GUIDELINES FOR ACTIVATION AND DE_ACTIVATION OF VALUE ADDED SERVICES

IPR UPDATE  

INTERNATIONAL REGISTRATION OF TRADEMARKS UNDER MADRID PROTOCOL (PUBLIC NOTICE NO. CG/PUBLICNOTICE/TMR/2013 DATED 08.07.2013)

FINMIN UPDATE  

AGREEMENT SIGNED BETWEEN THE REPUBLIC OF INDIA AND THE REPUBLIC OF ALBANIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL (SOURCE PIB DATED JULY 8, 2013)

IIRC CONSULTATION  

CONSULTATION DRAFT OF THE INTERNATIONAL <IR> FRAMEWORK.

LEGAL TERM DURING THE WEEK  

Tortum”

Civil wrong actionable without contract.

Jus scriptum”

Written Law

“Contemporanea expositio est optima et fortissima lege

A contemporaneous exposition or language is the best and strongest in Law   

Suppressio veri “

Suppression of previous knowledge

“Ipso facto”

By the very nature of the case.

ICSI UPDATES

NATIONAL SEMINAR ON  INVESTOR EDUCATION & PROTECTION FOR INCLUSIVE GROWTH, BHUBANESWAR JULY 27, 2013

14TH NATIONAL CONFERENCE OF PRACTISING COMPANY SECRETARIES JULY 19-20, 2013 (KOLKATA)

ARTICLES INVITED FOR 14TH NATIONAL CONFERENCE OF PRACTISING COMPANY SECRETARIES JULY 19-20, 2013 (KOLKATA)

ARTICLES INVITED FOR CHARTERED SECRETARY-GUIDELINES FOR AUTHORS

 

“PRACTISING COMPANY SECRETARIES” EMPANELMENT AS A "PEER REVIEWER

CCGRT ANNOUNCES CERTIFICATE COURSE ON VALUATION

 

CCGRT ANNOUNCES  PROGRAM ON CONSENT ORDERS UNDER SEBI & COMPLIANCES AND COMPOUNDING UNDER FEMA JULY 20, 2013

NIRC  ANNOUNCES  EXHIBITION OF CRAFTS, ARTS, PHOTOGRAPHS, PAINTINGS & SOUVENIR JULY 28, 2013

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