Prescribed Form For Release Of Lien: Fill & Download for Free

Students belonging to Scheduled Castes, Denotified, Nomadic and Semi-Nomadic Tribes, Landless Agricultural Labourers and Traditional Artisans who are below 35 years of age, as on the first day of the month of the advertisement of the Scheme. Total family income from all sources of the employed candidate or his/her parents/guardians, shall not exceed Rs. 6,00,000 (Rs. six lakh per annum), excluding such allowances as are not treated as part of total income for the purpose of income.The Scheme provides financial assistance to the finally selected candidates for pursuing Master level courses and Ph.D abroad in an accredited foreign university/institution in the following Discipline:-Engineering and ManagementPure Sciences and Applied SciencesAgricultural Sciences and MedicineInternational Commerce, Accounting FinanceHumanities, Social Science &Fine ArtsOther conditions for eligibility areMinimum Qualification For Ph.D.:- 55% marks or equivalent grade in relevant Masters' Degree. Preference would be given to experienced candidates, especially those who are on lien with their existing post and employer. For Masters' Degree:- 55% marks or equivalent grade in relevant Bachelors' Degree. Preference would be given to experienced candidates, especially those who are on lien with their existing post and employer.Maximum number of children in a family for the awardNot more than two children of the same parents/guardians will be eligible and to this effect a self-certification will be required from the candidate. An awardee cannot be considered for the award on a subsequent occasion as the award can be given only once. The second child of the same parents/guardians will be considered only if the slots are still available for the year.Desirous candidates should apply to the Ministry of Social Justice and Empowerment in response to the detailed advertisement when issued by the Ministry. This advertisement is usually published in leading newspapers in Hindi/English and other regional languages and the Employment News. The advertisement is also uploaded on the ministry's website.Candidates should apply in the application form prescribed and made available by this Ministry subsequent to release of advertisement in respect of selection of candidates for awards under the scheme. This application form as filled in by the applicant should be complete in all respects and also accompanied with proofs of caste/category, income, age, educational qualifications attained, experience acquired, admission obtained/applied etc.Existing financial assistance:Value of maintenance allowanceThe annual maintenance allowance of US Dollars 15,400/- has been prescribed for all levels of courses covered under the Scheme. The annual maintenance allowance for candidates in United Kingdom will be Great Britain Pound 9,900/- for all levels of courses covered under the Scheme.Earnings from research/teaching assistance-shipThe awardees are permitted to supplement their prescribed allowances by undertaking Research/Teaching Assistant-ship.Contingency allowanceContingency allowance for books/essential apparatus/study tour/typing and binding of thesis etc. will be US Dollars 1500/- per annum and for candidates in United Kingdom, it will be Pound Sterling 1100/- per annum.Poll TaxActual will be paid, wherever applicable.Visa feesActual visa fees in Indian Rupees will be paid.Equipment allowance and incidential journey expensesThe prescribed Incidental journey allowance is US $ 20/- (twenty) or its equivalent in Indian Rupees and the prescribed equipment allowance is US $ 20/- (twenty).Fees and medical insurance premium Actual as chargedAir PassageAir passage from India to the nearest place to the educational institution and back to India, by economy class and shortest route in arrangements with the national carrier, will be provided.Local TravelSecond or Coach class railway fare from the port of disembarkation to the place of study and back In case of far flung places not connected by rail, bus fare(s) from the place of residence to the nearest railway station, actual charge of crossing by ferry, air fare to the nearest rail-cum-air Station and/or II class railway fare by the shortest route to the port of embarkation and back will be permissible.The mode of disbursement of above listed financial assistance will be decided by Government of India and Indian Missions abroad.Duration of award with financial assistanceThe prescribed financial assistance is provided upto completion of the course/research or the following period, whichever is earlier:-Ph.D. - 4 years (four years)Master Degree - 3 years (three years)The extension of stay beyond prescribed period for levels of courses as mentioned above, may be considered without financial assistance of any kind except the air passage to return to India, if and only if recommendation of the competent concerned authority in the educational institution/university as well as the Indian Mission abroad is received certifying that such an overstay for a specified period, is absolutely essential for facilitating the candidate to complete the course. The final decision in this regard will, however, rest with the Government of India alone.

Procedure for Importing Gold into IndiaIndians love gold and gold is one of the major imports into India. During financial year 2014-15, India imported 915.54 tonnes of gold, recording an increase of nearly 38% compared to the previous year. Majority of gold imported into India is in the form of gold bars and in this article we look at the procedure for importing gold into India.RBI Circular RBI/2013-14/187The import of gold and gold dore bars into India is governed by the RBI/2013-14/187, AP (DIR Series) Circular No. 25 dated 14.8.2013. This circular superseded the customs circular No. 28/2009-Cus dated 14.10.2009 as far as the import of gold is concerned. Also, the import of silver and platinum into India is governed by the Customs Circular dated 14.10.2009.Entities Allowed to Import Gold Bars into IndiaAs per the RBI circular, import of Gold would be permitted only for entities notified by the Directorate General of Foreign Trade (DGFT). Currently, DGFT has permitted the following entities to import gold bars into India.Metals and Minerals Trading Corporation Limited (MMTC);Handicraft and Handloom Export Corporation (HHEC);State Trading Corporation (STC);Project and Equipment Corporation of India Limited. (PEC);STCL Limited;MSTC Limited;Diamond India Limited (DIL);Gems & Jewellery Export Promotion Council (G&J EPC);Star Trading House (only for Gems & Jewellery sector) or a Premier Trading House;Any other agency authorized by Reserve Bank of India (RBI).Conditions for Import of Gold Bars into IndiaThe following conditions are applicable for all entities to import gold bars into India:Import of gold in the form of coins and medallions is prohibited.Entities/units in the SEZ and EOUs, Premier and Star Trading Houses would be permitted to import gold exclusively for the purpose of exports. These entities will not be permitted to clear imported gold for any purpose other than for exports.Gold imported against any authorization such as Advance Authorization/Duty Free Import Authorization (DFIA) should be utilized for export purposes only and there can be no diversion for domestic use.All gold imports must be routed through customs bonded warehouses;The import of gold dore bars will be permitted only against a license issued by the Directorate General of Foreign Trade;Entities or units in the SEZ and EOUs, Premier and Star Trading Houses would be permitted to procure gold from the refinery of the license holder exclusively for the purpose of exports only and these entities would not be permitted to clear such gold for any purpose other than for exports.For each consignment of gold dore bars imported, the license holder must submit a report on utilization of gold dore bars, gold produced after refining, gold issued to exporters and the proof of export for the goods manufactured and exported by these exporters to the central excise officer.A. Documents required by STC for Enrolment:- 1. Exporter’s documents related to business transaction with the overseas buyers of gold jewellery from India for the last 3 years: a. Copy of Overseas Buyer’s confirmed order b. Copy of GR form/AWB/Commercial Invoice pertaining to past transactions c. Copy of proof for receipt of overseas payments/BRC/LC 2. Copy of IEC registration. 3. GJEPC registration certificate. 4. Affidavit stating that they are not blacklisted by DRI, ED, Customs, Banks, PSUs and other Govt agencies. 5. Past three year audited Balance Sheet and Profit & Loss Account. 6. Current year provisional Balance Sheet and Profit & Loss Account. 7. Sales tax Documents (CST+Local) and TIN No. 8. Banker’s details. 9. If Proprietor, then business profile to be submitted. 10. If Partnership, then the deed to be submitted. 11. If Company, then memorandum, PAN Card, list of board of directors and Board resolution to be submitted. 12. DNB report. 13. Bank Report/Credibility Report. 14. Custom registration certificate 15. FEMA Declaration.B. Documents required from Exporters for Indenting:- 1. Copy of Overseas Buyer’s confirmed order to execute export under 20/80 scheme. 2. Back-up funds/security collateral (50% of cost of metal) towards 200% of customs duty + VAT + penal Interest etc. FD to be released only after export obligation towards 20% of gold is fulfilled. 3. Indemnity bond (for any claim, loss, damage, quality/quantity issues and any other disputes on connection with import of gold for us). 4. Exporter’s Undertaking to STC to have 1st lien on Imported gold, same will not be pledged and value added jewellery will be exported ASAP. 5. Undertaking stating that quantity released for export will be used only for export and it is his responsibility for repatriation of entire Export proceeds without any delay through his AD/bank. 6. Associate’s undertaking letter to STC for availing VAT exemption in the prescribed format as per concerned states VAT Act, before STC’s every delivery order, if required. 7. Insurance coverage from the period immediately after STC’s delivery order and release of metal from the vault. 8. FD for:- a. One time deposit of Rs 50 lakhs b. 5% of margin money: Margin money will be adjusted with final delivery. 9. Proof of Exports (to show the usage of imported gold of the same lot) a. GR Form/Export Declaration Form(EDF) for Duty Free Goods b. Original Export Promotion (Shipping bill) c. Original Customs attested Invoice (Value- addition and wastage % should be mentioned and be within limits allowed by Customs) d. AWB e. Packing List f. Overseas buyer’s confirmation for receipt of jewellery consignment g. Purchase Certificate for export obligation issued by STC duly attested by Customs. h. BRC (Required to release STC’s bond submitted to Customs towards Duty Free Gold)10. Document proof of utilisation of Imported Gold: - Invoice, AWB, Bill of Entry No. ofthe import related documents should be shown on Invoice, AWB, GR/EDF of the Export related documents

Insolvency will probably mean that your business will cease trading and if you are a limited company go into liquidation. If you are a sole trader or partnership you may go bankrupt and lose your personal assets such as your home.HG.org Legal ResourcesInsolvency LawInsolvency is the legal term describing the situation of a debtor who is unable to pay his, her, or its debts. There are two primary types of insolvency: cash flow and balance sheet.In cash flow insolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due. This is the type of insolvency most individuals experience prior to filing for bankruptcy.Balance sheet insolvency, on the other hand, involves having negative net assets, where one's liabilities exceed their assets. This is the form of insolvency normally described by corporate entities prior to filing for bankruptcy.Notably, insolvency is not the same as bankruptcy. For example, a business be cash flow insolvent but balance sheet solvent and, as a result, would likely be unable to qualify for bankruptcy protection. Indeed, many businesses have negative net assets (i.e., they are balance sheet insolvent) but remain cash flow solvent as their ongoing operations meet their regular debt obligations, helping them avoid default. This is usually the period prior to a company being "in the black," as it is commonly described.Under the Uniform Commercial Code, a person is considered to be insolvent when they have stopped paying their debts or cannot pay their debts as they become due. A number of federal laws exist to protect insolvent persons or businesses, including the bankruptcy code. However, a recent trend has put the focus onto individual corporate officers and directors if it is shown that they have intentionally or negligently driven a company into the ground, possibly for the purpose of seeking bankruptcy relief.The resources below will provide you with more information regarding insolvency laws, and the tab, above, labeled "Law Firms" will help you find an attorney in your jurisdiction that can help answer your insolvency and bankruptcy questions.Copyright http://HG.orgArticles on http://HG.org Related to Insolvency LawBankruptcy and Related Financial Developments in Western New YorkThis article summarizes some of the recent developments impacting consumers in Western New YorkNebraska Bank Account GarnishmentsBank account garnishments are devastating, especially when a creditor is already garnishing a paycheck. Unlike paycheck garnishments that are limited to 25% of net wages (or 15% if a person qualifies for Head of Household status), a bank account garnishment takes ALL fund funds on deposit.The Ninth Circuit Clarifies Its Position on Third-Party Releases in BankruptcyThe Ninth Circuit does not categorically prohibit third party releases.Issuance of 1099-C Does Not Void Equitable Lien on Foreclosure SurplusThe United States District Court for the District of Massachusetts, in a matter of first impression in the First Circuit, has joined the majority of courts to find that a junior lienholder's issuance of a 1099-C to a mortgagor following foreclosure does not extinguish the junior lienholder's claim to excess proceeds from a senior lienholder's foreclosure. Wells Fargo Bank, N.A and Orlans PC, Plaintiffs, v. Thomas Fraze et al., Defendants.What is an IOU?An IOU is a document recording a debt and an informal agreement typically to pay someone, though it can be to do something. Without memorializing the debt in a more formal written contract, the IOU is not clearly legally binding, and thus more difficult to enforce. It is not a negotiable instrument, meaning it cannot be transferred to someone else as a means of payment, like checks, promissory notes, or money orders. While it acknowledges one person owing another money or whatever is identified in the document, it is typically used in record keeping, putting a debt on the books, like an accounts receivable item. The more specific the IOU the more likely it is enforceable. IOUs that identify and are signed by the borrower and include the loan amount, terms of repayment and interest, if any, are more likely to be legally binding.The Birth of Merchant Cash AdvanceHow did Merchant Cash Advance loans come into being? Why are these insidious financing schemes not illegal? What can be done to protect the vulnerable Small Business Owner?How to Tell if You Have Too Much DebtAdvice concerning debt can be confusing. Some people say all debt is bad, whereas others say certain debt is good.3 Things to Consider Before Filing for Chapter 7Many Harrisburg area residents who are contemplating Chapter 7 bankruptcy find the idea of a clean debt slate alluring. They can no longer deal with the harassing phone calls, endless bills and wage garnishments that have become a part of their daily lives. A fresh start is often the reset that they need to regain their financial footing and control of their lives.Understanding the Bankruptcy Means TestIf you are thinking about possibly filing for bankruptcy, you may be wondering what type of bankruptcy filing might suit your specific needs. Many people who file for personal bankruptcy protection do so through either a Chapter 7 or a Chapter 13 bankruptcy filing, but there are some important distinctions between the two types.When Is Chapter 13 Bankruptcy the Best Option?People who are considering bankruptcy in order to gain a fresh financial start can easily become overwhelmed with the number of options available to them.All Debtor and Creditor Law ArticlesArticles written by attorneys and experts worldwide discussing legal aspects related to Debtor and Creditor including: bankruptcy, collections, credit and mortgage, debt recovery and insolvency.Insolvency Law - USABA - Bankruptcy and Insolvency LitigationThe Section of Litigation, the largest specialty section of the American Bar Association, is dedicated to helping litigators become more effective advocates for their clients. The Section is a legal publisher, a provider of CLE programming, a source of news and analysis, and a strong national voice in discussions concerning the profession. Simply put, the Section helps lawyers be better lawyers.Fair Debt Collection Practices ActThe Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act.Insolvency - DefinitionInsolvency means the inability to pay one's debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable to pay debts as they fall due. Balance sheet insolvency Having negative net assets - in other words, liabilities exceed assets.Model Law on Cross-Border Insolvency - Chapter 15 of the US Bankruptcy CodeChapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It is the U.S. domestic adoption of the Model Law on Cross-Border Insolvency promulgated by the United Nations Commission on International Trade Law ("UNCITRAL") in 1997, and it replaces section 304 of the Bankruptcy Code. Because of the UNCITRAL source for chapter 15, the U.S. interpretation must be coordinated with the interpretation given by other countries that have adopted it as internal law to promote a uniform and coordinated legal regime for cross-border insolvency cases.United States Federal Courts - BankruptcyBankruptcy laws help people who can no longer pay their creditors get a fresh start - by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.Organizations Related to Insolvency LawAmerican Bankruptcy InstituteThe American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.FTC - Bureau of Consumer ProtectionThe Federal Trade Commission is the nation's consumer protection agency. The FTC's Bureau of Consumer Protection works For The Consumer to prevent fraud, deception, and unfair business practices in the marketplace. The Bureau: * Enhances consumer confidence by enforcing federal laws that protect consumers * Empowers consumers with free information to help them exercise their rights and spot and avoid fraud and deception * Wants to hear from consumers who want to get information or file a complaint about fraud or identity theft.International Association of Restructuring, Insolvency and Bankruptcy ProfessionalsINSOL International is a world-wide federation of national associations for accountants and lawyers who specialise in turnaround and insolvency. There are currently 40 Member Associations world-wide with over 10,000 professionals participating as Members of INSOL International.National Association of Credit ManagementNACM® was founded in 1896 to promote good laws for sound credit, protect businesses against fraudulent debtors, improve the interchange of credit information, develop better credit practices and methods, and establish a code of ethics.Need a Lawyer? Let Us Help You ➤About UsTerms & ConditionsPrivacy PolicyCookie PolicySite Map©1995-2020 All Rights Reserved HG.org Legal Resources - HGExperts.com