Legal Updates

SEBI amends Foreign Portfolio Regulation 2017

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 20th July, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD-NRO/GN/2017-18/012.—In exercise of the powers conferred by sub-section (1) of section 30 read with sub-section (1) of section 11, clause (ba) of sub-section (2) of section 11 and sub-sections… Read More

Central Government constitutes Haryana Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2277(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Haryana Electricity Regulatory Commission’,… Read More

SBI creates a wholly owned subsidiary for providing real estate services to them

SBI creates a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them.  State Bank of India (SBI) has informed that they have created a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The role of the subsidiary is envisaged as… Read More

Government takes initiatives to improve asset quality of banks

Loan growth of banks and initiatives taken by the Government to improve the asset quality of banks   The details on Outstanding Gross Loans & Advances as reported by Scheduled Commercial Banks (SCBs) to Reserve Bank of India (RBI) are as under:-   Bank Group 31 Mar-15 31 Mar-16 31 Mar-17 (Prov.) Public Sector Banks (PSBs)… Read More

Demonitization: undisclosed income detected more than Rs. 5400 crore

Demonitization: From 9th November 2016 to 10th January 2017, more than 1100 searches and surveys were conducted by the ITD; more than more than 5100 verification notices issued; The undisclosed income detected in these actions was more than Rs. 5400 crore.  Disclosure of information regarding law flouters/specific taxpayers is prohibited except as provided under Section… Read More

Centrally Sponsored Schemes -Sunset date for all schemes

Centrally Sponsored Schemes - sunset date for all schemes  There are 28 Centrally Sponsored Schemes running across the country. All 28 Centrally Sponsored Schemes have sunset dates except Mahatma Gandhi National Rural Employment Guarantee Scheme of the Ministry of Rural Development, which is under Mahatma Gandhi Rural Employment Guarantee Act. In para-110 of the Budget… Read More

RBI constitutes monetary policy committee and Regulations to be effective from 1st Aug 2017

RESERVE BANK OF INDIA (CENTRAL OFFICE) (Monetary Policy Department) NOTIFICATION Mumbai, the 14th July, 2017 Reserve Bank of India Monetary Policy Committee and Monetary Policy Process Regulations, 2016 No. M.P.D.P.M.D.No. 17/02.02.015/17-18.—In exercise of the powers conferred by clause (qa), (qb), (qc), (qd) and (qe) of Section 58 of the Reserve Bank of India Act, 1934… Read More

CBDT amends jurisdiction of Principal CITs & CCIT

NOTIFICATION New Delhi, the 19th July, 2017 (INCOME TAX) S.O. 2260(E).—In exercise of the powers conferred by sub-section (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and in supersession of the notifications of the Government of India, Central Board of Direct Taxes numbers S.O.1612(E), dated the 26th September, 2006… Read More

RBI Master Circular –Detection and Impounding of Counterfeit Notes

Master Circular – Detection and Impounding of Counterfeit Notes RBI/2017-18/26 DCM (FNVD) G – 4/16.01.05/2017-18 July 20, 2017 The Chairman/ Managing Director /Chief Executive Officer All Banks and Director of Treasuries of all States Dear Sir / Madam, Master Circular – Detection and Impounding of Counterfeit Notes Please refer to the Master Circular DCM (FNVD) G-6/16.01.05/2016-17… Read More

SEBI releases Circular on Investments by FPIs in Corporate Debt

Securities and Exchange Board of India CIRCULAR No. IMD/FPIC/CIR/P/2017/81 Dated: July 20, 2017 To 1. All Foreign Portfolio Investors (through their designated Custodians of Securities) 2. The Depositories (NSDL and CDSL) 3. The Exchanges (BSE and NSE) Dear Sir / Madam, Sub: Investments by FPIs in Corporate Debt 1. This has reference to the SEBI… Read More

Page 1 of 80212...10...Last »

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates