Legal Updates

6th Annual Summit on Capital Markets by ASSOCHAM

The 6th Annual Summit on Capital Markets is being organised on the 26th May, 2011 in New Delhi wherein the guest of honour will be Shri R. Gopalan, Secretary, Department of Economic Affairs, Ministry of Finance, GOI and Dr. Thomas Mathew, Joint Secretary (CM) Department of Economic Affairs, Ministry of Finance, GOI. The discussion would be focused on… Read More


RBI revises the Housing Loan limit under Priority sector

CLR Note: The Reserve Bank of India passed a notification on Monday, 9th May, 2011, with regard to the increase in the limit for the housing loan under the priority sector from a limit of Rs.20 lakh to Rs. 25 lakh, irrespective of the  location, to individuals for purchase/construction of a dwelling unit per family,excluding… Read More

Tag: Housing Loan

Draft National Voluntary Guidelines on Social, Environmental and Economic Responsibilities

The Draft National Voluntary Guidelines on Social, Environmental and Economic Responsibilities issued by the  Indian Institute of Corporate Affairs (IICA) are a refinement over the Corporate Social Responsibility Voluntary Guidelines 2009, released by the Ministry of Corporate Affairs in December 2009. The Guidelines are designed to be used by all businesses irrespective of size, sector or location laying down the… Read More

Tags: CSRICSINational Voluntary Guidelines on Social Responsibility

Now Download CS Admit Cards and Mark sheets online – Physical discontinued

ICSI goes Hi-tech and announces discontinuance of receipt of Admit Cards and Mark sheets via post. Students appearing for the JUNE, 2011 CS Examinations will not be receiving their admit cards via post rather it will be receivable on the site once uploaded by the Institute, thus the students are advised to download the Admit Card on or… Read More


Deemed Export Benefit Scheme Tightened

After detecting several cases of misuse of incentives, the Commerce Ministry has tightened the norms governing the Deemed Export benefit scheme, a move expected to save about Rs 1,800 crore to the exchequer annually. It has been decided that the deemed exports would not be available if the bill of entry is in the name… Read More

Tag: Deemed Exports

Restrictions on Mutual Funds to pay Commissions to Distributors to continue

New Sebi chief UK Sinha said he does not intend to reverse rules put in place by his predecessor, by CB Bhave, that restricted the ability of mutual funds to pay commissions to distributors. Indian fund houses, which manage equity and debt schemes with a corpus of over Rs 7,000,00 crore, were hopingfor change in policies… Read More

FICCI to suggest impact of GST on Aviation Sector

A Ficci committee today said it will suggest ideas to the aviation industry on how the proposed Goods & Services Tax (GST) would affect them, along with other recommendations to give the sector a boost. The Ficci Civil Aviation Committee has also set for itself a wide-ranging agenda to give the civil aviation industry a… Read More

Tag: Aviation sector

SC orders Status Quo on the Ground Handling Dispute at 6 Airports

According to the new regime, drafted in 2007, and postponed two times, private airlines were not allowed to do ground handling through outsourcing. They were asked to do the job through government-approved agencies. The new rules covered mainly the six metros ” Delhi, Mumbai, Bangalore, Hyderabad, Kolkata and Chennai. At present each airline has its… Read More

How relevant is Union minister™s personal discomfort to a National Policy decision?

While according the Environmental Clearance to the Posco project, Union Environment Minister Jairam Ramesh added that he was deeply uncomfortable with the project because the original memorandum of understanding (MoU), which has now expired, had provisions for the export of iron ore. Mr Ramesh then declared that he now expects that the revised MoU between Posco… Read More

Show Cause Notice served on Anna Hazare, Withdrawn

The office of Charity Commissioner, Pune, has tendered an apology to social activist Anna Hazare and withdrew a 'showcause' notice served on him for not submitting the audit report of 'Hind Swaraj Trust' headed by him for two years between 2005 and 2007. In a letter addressed to Hazare, it said the notice was "wrongly… Read More

Tag: Anna Hazare

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