Corporate Updates 18 March 2014

DVAT: 

The Finance (Revenue-I) Department of Government of NCT of Delhi in exercise of the powers conferred by sub-section 3 and 4 of section 13 of the Central Sales Tax Act, 1956 makes amendment in Central Sales Tax (Delhi) Rules, 2005, thereby introduces Form 10 for Application for cancellation of Central Registration and Form 11 for amendment in Central Registration. For detailed notification please Click here.

Company Law: 

The Regional Bench of Company Law Board, Mumbai in one of the Judgment decided that once the seller has given their no objection letter for transfer of shares and no other claimant had come asking for transfer of shares in question, the Company is bound to register the said transfer in favour of the purchaser.

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