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Wednesday, May 21, 2008

Company Secretary (CS) exams, All the Best!

Yes CS friends,You are going to enjoy the season, exams are nearing. Get only the positive vibes. Your aim is only to attend...

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Friday, May 16, 2008

ICSI 15 months Management/Apprentice Training/Exemption, 5 days TOP, 15 days MSOP, 15 days RoC/SE, 25 hours PDP, procedures, formats & regulations

Yes,Thanks Mr. R. Anand for helping me to make this presentation on CS-Training & Details.hmmm... I felt this... what is this, Training? When...

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Monday, May 12, 2008

CS Inter/Executive Program Group/Module II - Securities Law - Ultimate Ready Revision Notes

Yes,Thanks Mr. CS Madhwesh K of CS Mysore Group for sharing this very valuable piece of information, that too @ a very right...

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Public Comment on Norms for Branch/Liaison Offices in India by Foreign Entities

Dear All,Public Comment on Norms for Branch/Liaison Offices in India by Foreign EntitiesAs per existing provisions of Foreign Exchange Management (Establishment in India...

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Wednesday, May 7, 2008

Switchover to New Syllabus- CS Inter to CS Executive Program

Yes, an opportunity to become an Executive but its an irrevocable clause, once excercised...This is for,FOUNDATION STUDENTS (WHOSE REGISTRATION IS PRIOR TO 1ST...

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Tuesday, May 6, 2008

RBI - Claim Settlement of Missing persons, like Evidence Act & Suitable Grievance Redressal Mechanism for Banks (not RRB's)

Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks (not...

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Thursday, May 1, 2008

CS Special Forums, CS Training Discussion, CS Quiz & more

Yes,Its my long time dream to set up an exclusive forum for Company Secretary friends.This forum is in addtition to and not in...

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Tuesday, April 29, 2008

FDI Update- Credit Info Co, Commodity Exchange, Foreign Currency Bids of Indian Projects, SEBI SARFAESI QIB notification

Foreign investment in Credit Information Companies:1. To comply with the Credit Information Companies (Regulations) Act 2005 and 2. subject to the following :i)...

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Saturday, April 26, 2008

"shareholder having trading rights" under SCRR (MIMPSRSE), 2006

Yes, Sebi vide http://thisisvj.googlepages.com/SebiCircular.pdf

The term “shareholder having trading rights” under Securities Contracts(Regulation) (Manner of Increasing and Maintaining Public Shareholding in RecognisedStock Exchanges) Regulations, 2006 would mean a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights.
Explanation:
A shareholder having a trading interest “indirectly” in relation to a person having trading rights, would be understood in the same manner as the term “associate” is in relation to a shareholder having trading rights under regulation 2(1)(b) of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006.

Tuesday, April 22, 2008

CS Final HRM Planning & Procurement - Understanding

III. HR PLANNING & PROCUREMENTYes, the very simple & interesting chapter, just make mind maps, this way, so that you understand better the...

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Friday, April 18, 2008

Dividend/IEPF timeline, charts & concepts - Article in CS Mysore E-Newsletter

Yes,CS Mysore 51st E-Newsletter has honoured me by publishing my article under the head "Spectrum Space" which talks about the Secretarial Practice to...

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Monday, April 14, 2008

Pay tax electronically, if your 4th Digit of PAN is "C" & Taxpayers know your Rights

Yes,

As CBDT mandated electronic payment of tax by Company & a person (other than a company), to whom provisions of Section 44AB are applicable [hereinafter collectively referred as "Taxpayers"], w.e.f. 1.4.2008, RBI has notified RBI/2007-08/280 DGBA.GAD. No. H. 10875 / 42.01.038/ 2007-08, by which, the banks shall not accept physical challans from such assessees across the counter.

You are a Corporate Assessee, so your 4th digit in the PAN is "C" and yes, pay tax only through electronic payment facility. The responsibility of making e- payment rests primarily with the taxpayer. Hence, the word of taxpayers should be taken as final.

Taxpayers, know your rights,

1. the acknowledgement for e-payment should be made available immediately on screen by the bank concerned. [check out your immediate acknowledgement]

2. the transaction id of e-payment should be reflected in the bank's statement. [check your bank statement for Transaction-Id]

3. each bank should prominently display on its e-payment gateway page, the official /s to be contacted in case the taxpayer faces any difficulty in making the payment, completing the e-transaction, generating the counterfoil etc. [feel free to contact the banking official for doubts]

4. also, banks are mandated to give the Income Tax Department and NSDL, a list of officials with contact particulars, to be contacted if required for any problems faced by ITD or taxpayers. [find out the name & contact details of your official from the list]

Keep payin electronically...Vj


CS Updatin...

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