Last Date for Company Law Settlement Scheme 2011 (CLSS 2011) extended again.

The Ministry of Corporate affairs vide its General Circular No. 71/2011 dtd 15.12.2011 has extended the last date for filing the documents under Company Law settlement Scheme 2011 to 15th January 2012. In the above circular it has been clearly specified that this will be the final opportunity for the Inactive companies to file their Annual

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Last Date for Updation of PAN Details in DIN extended again !!

The Ministry of Corporate Affairs vide its General Circular No. 70/2011 dtd 15.12.2011 has extended the last date for updation of PAN Details in respect of Director Identification Numbers (DIN) from 15.12.2011 to 29.02.2012. Those DIN holders who have not updated their DINs with the PAN Numbers can make use of this opportunity. The relevant

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Validity period of Cheques/Pay orders/Bankers Cheque changed

As per the recent RBI Notification No RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 dtd. 4th Nov 2011, the RBI has instructed the member banks that , from 01.04.2012 onwards , the Cheques bearing dates more than 3 months will not be paid by the banks. This is being done to curb the practice of circulating the same like cash for

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New RBI guidelines on Deregulation of Savings Bank Account Interest Rates

RBI/2011-12/233 DBOD.Dir.BC. 42/13.03.00/2011-12 October 25, 2011 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate – Guidelines 1. Please refer to our Directive DBOD.Dir.BC.89/13.03.00/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the

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