An individual appointed only for the purpose of prosecuting or defending a court action or litigation, on behalf of a vulnerable or otherwise undefended interest (such as a child or mentally-challenged person).
Most imaginative fiction being written today is Income Tax Returns
All,Different strokes result in different positions. Nay, positioning the strokes differently makes all the difference from being a finalist to a winner.
Yes, we are referring to the recently finalized Rupee Symbol designed by Mr. Udaya Kumar of IIT, the winner of the Rupee Symbol Design Contest of the Government of India. One of the talented 5 finalists of this contest was Mr. K.K. Shibin from Kerala whose Rupee symbol design is remarkably close to the winner’s as is depicted in the banner and elsewhere in an article in this issue of Lexspeak.
LV has a close association with Shibin. Our logo was designed by him when he worked in a Bangalore based firm 4 years ago. We are indeed proud of Shibin’s achievements and wish him all success in his journey of creativity while we continue our journey of exchanging thoughts and knowledge.
External Commercial Borrowings (ECB) Policy
The Reserve Bank of India (RBI) has reviewed the External Commercial Borrowings (ECB) policy to facilitate infrastructure companies undertaking projects like construction of sea port & airport, roads including bridges and power stations to take-out financial arrangements through approval route for refinancing rupee loans borrowed from domestic banks.
Export of Goods and
Services – Unrealised Export Bills – Write-off- Surrender of export incentives
The Reserve Bank of India (RBI) has instructed AD
Category Banks not to insist on demanding
proportionate export incentives other than the Duty
Drawback scheme if in case the exporter does not
recover export proceeds under any of the Export
Promotion Schemes under Foreign Trade Policy (FTP).
Declaration of Intent for claiming benefits of various schemes
The Directorate General of Foreign Trade (DGFT) has issued a policy circular to all exporters on claiming benefits under various export schemes as mentioned in Chapter
– 3 of FTP-2009-2014. The exporters have to mandatorily declare the Intent of the goods exported to claim the benefits under FTP. These benefits would be effective for goods exported on or after 1st January, 2011.
Execution of LUT/BG against Import Authorisation
The Directorate General of Foreign Trade (DGFT) has issued a circular for execution of LUT/BG for issue of Authorisation for import of restricted items so that goods are re-exported by the importers as declared by them at the time of application for Import Authorizations.
Revised E – Forms from MCA which will be effective from 1st August, 2010
New version of Form 1, Form 1AA, Form 4, Form 4C, Form 15, Form 20A, Form 20B, Form 22, Form 22B, Form 23, Form 23AA, Form 25C, Form 44, Form 49, Form 52, Form 61, Form DD-B, Form I- Cost Audit Report and Form 67 will be available on the MCA portal, effective 1st August, 2010.
Symbol for Rupee Approved
The rupee finally has a symbol like other major currencies viz., dollar, yen, pound and euro. The symbol was approved by the Government of India among 3000 entries received and evaluated through a democratic process of contest held at various levels. The distinction of designing the finally approved symbol goes to Mr. Uday Kumar. D, an IITian.
Proof of Address Card by India Post
India Post is issuing ‘Proof of Address Card’ for
those who often shift their houses and find it
difficult to produce any address proof of their
current address. Requisite application along with
fee of Rs.250/- and necessary documents need to be filed with the jurisdictional Post Office concerned, to obtain the
“Proof of Address Card”.
In today’s fast paced world, proper alignment and optimization of resources, especially one’s own time is extremely critical for success in personal as well as professional life. Mr. Muralidhara Kempasagara, IIMB alumni dwells upon strategies for achieving the same through an effective matrix on
Note: The contents
of this News Letter are only a summary and has not dealt with
any issue in detail. Any action taken or proposed to be taken
must be in consultation with professionals and not merely based
on the articles / news updates. Lex Valorem disclaims all
liability on action taken without professional advice