Legal Updates

IBBI (Insolvency Resolution Process For Corporate Persons) (Fourth Amendment) Regulations, 2017 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 31st December, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG22. —In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy… Read More

MCA issues Condonation of Delay Scheme, 2018 effective from 01.01.2018

General Circular No.16/2017 File No. 02/04/ /201 7-CL-V Ministry of Corporate Affairs 5th Floor, 'A' Wing, Shastri Bhawan  Dr. Rajendra Prasad Road,  New Delhi-110 001.  Dated29.12.2017 To All Regional Directors, All Registrar of Companies, AII Stakeholders.   Sir,           Subject: Condonation of Delay Scheme, 2018         Whereas, companies registered under the Companies Act, 2013 (or… Read More

Govt. notifies notification No. 119 /2017- Customs (N.T.)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 28th December, 2017 No. 119 /2017- Customs (N.T.) G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 4… Read More

Insolvency and Bankruptcy Code (Amendment) Act, 2017 introduced in Lok Sabha

THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) BILL, 2017 A BILL to amend the Insolvency and Bankruptcy Code, 2016 BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— (1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2017.       (2) It shall be deemed to… Read More

SEBI (Settlement of Administrative and Civil Proceedings) (Second Amendment) Regulations, 2017

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, DECEMBER 27, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th of December, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (SETTLEMENT OF ADMINISTRATIVE AND CIVIL PROCEEDINGS) (SECOND AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD-NRO/GN/2017-18/025. ─ In exercise of the… Read More

Press Release on SEBI Board Meeting

Dec 28, 2017 PR No.: 68/2017                                                                                              SEBI Board Meeting The SEBI Board met in Mumbai today… Read More

Two Amity professors held guity of Sexual harassment

Two Professors of Amity University, Panvel held guilty of Sexual Harassment by the Universities Sexual harassment committee.  The Complaint was filed by two women, one by a student and another by an employee of the university in October. Following the Complaint, sources suggested that the accused dean (academics) passed comments with sexual overtones and tried… Read More

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated: MCA

Properties of struck off companies from RoC can’t be used, operated, transferred or alienated in any manner   The Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far,  2,24,733, companies have been struck off from Register of Companies and that assets, properties etc. (i.e.… Read More

Govt. establishes SEEPZ Special Economic Zone Authority

 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4010(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, the SEEPZ Special Economic… Read More

Listed companies must comply on appointing women board directors: MCA

Listed companies must comply on appointing women board directors; total 142 listed companies fined  Section 149 of Companies Act, 2013 (the Act) read with the corresponding rules requires every listed company and prescribed class of companies to have a women director.   Section 172 of the Act lays down punishment for non-compliance.   Registrar of Companies have… Read More

Govt. establishes Himachal Pradesh Computerization of Police Society

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4011(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, the ‘Himachal Pradesh Computerization… Read More

India: Financial Sector Assessment Program 2017

Dec 21, 2017                                                                                                         … Read More

CBEC relaxes requirement for mandatory e-sealing till 1st March 2017

Circular No. 5V 2017 -Customs F.No:450/08/2015-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Room No. 227-B, North Block , New Delhi , 21st December ,2017 To, All Principal Chief Commissioners of Customs /Customs(Prev.). All Chief Commissioners of Customs / Customs (Prev.). All Principal Commissioners of Customs/Customs (Prev.).… Read More

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