Asia | Corporate Law Reporter

Amendments in Chapter 3 of Foreign Trade Policy 2009-14

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 64 (RE-2013)/2009-2014 New Delhi, the 06 January, 2014 Subject: Amendments in Chapter 3 of Foreign Trade Policy 2009-14 S.O.(E) In exercise of… Read More

Tags: Asia, Customs, File Transfer Protocol, Government of India, India, New Delhi, Para, Scrip

Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More

Tags: Anno Domini, Asia, Financial services, Foreign Exchange Management Act, India, Indian rupee, Mutual fund, Non-resident Indian and person of Indian origin

MCA Clarification with regard to applicability of section 182(3) of the Companies Act, 2013

Circular No 19/2013 No. 17/27/2013-CL-V Government of India Ministry of Corporate Affairs Shastri Bhawan, 5th Floor, 'A' Wing, Dr. Rajendra Prasad Road, New Delhi 110001 Dated 10.12.2013 To All Registrar of Companies All Regional Director Sub:- Clarification with regard to applicability of section 182(3) of the Companies Act, 2013. Sir, Ministry has received representations seeking clarification… Read More

Tags: Asia, Christmas, Companies Act, Gift wrapping, Government, India, Parties, Politics, Section 182(3) of Companies Act 2013

Government Approves one Proposal of Foreign Direct Investment

Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign Direct Investment (FDI) amounting to Rs. 31.92 crore approximately. Following one (1) proposal has been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. in crore) 1… Read More

Tags: Asia, FDI, foreign direct investment, Foreign Investment Promotion Board, Foreign ownership, Government of India, India, Press Release

Establishing A National Company Law Tribunal

Detailed Rules and necessary arrangements are under preparation with respect to the establishment of a National Company Law Tribunal (NCLT). Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that the relevant provisions of the Companies Act, 2013 regarding operationalisation of NCLT have… Read More

Tags: Asia, Companies Act, Corporate Affairs Ministry, Government, India, LokSabha, Minister of Corporate Affairs, Sachin Pilot

Investment in Credit Information Companies

DBOD.CID.BC.No.74/20.16.042/2013-14 November 29, 2013 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies dated November 20, 2008, Reserve Bank of India, being satisfied that… Read More

Tags: Asia, Financial services, foreign direct investment, India, Investment, Non-resident Indian and person of Indian origin, Regulation, Reserve Bank of India

Status of cases where penalties have not been paid under Competition Act, 2002

Competition Commission of India(CCI) has decided to take suitable and appropriate steps to recover penalties from such parties that have not paid the penalties imposed by the Commission on them under Competition Act, 2002. CCI has released a list of the cases wherein penalties have not been paid despite there being no appeal filed or appeal having been… Read More

Tags: Andhra Pradesh, Anti-competitive practices, Asia, cci, Competition Act, Competition Act 2002, Competition Commission of India, India

Regaining the Growth Momentum: Issues and Imperatives

(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Sixth Annual Banking Conference Bank on it, 2013 organised by the Narsee Monjee Institute of Management Studies in Mumbai on Oct 5, 2013) Shri Pratip Chaudhuri, Former Chairman, State Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management… Read More

Tags: Asia, Economy of India, Financial crisis of 2007â€“2008, India, Management, Narsee Monjee Institute of Management Studies, Reserve Bank of India, State Bank of India

CBEC clarification on request from FICCI to reduce of time period for settlement of rebate claims on exports

F. No. 267/39/13-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 1st October,2013 To (i) The Chief Commissioner of Central Excise (All), (ii) The Chief Commissioner of Central Excise & Customs (All), (iii) The Chief Commissioner of Customs (All), (iv) Directors General (All) Madam/ Sir, Subject:… Read More

Tags: Asia, Commerce, Federation, FICCI, Government of India, India, London, New Delhi

DIPP invites applications for engaging consultant on contract basis

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotions Udyog Bhavan, New Delhi. Dated 30th September, 2013 Office Memorandum Sub: Engagement of consultant on contract basis in DIPP- inviting applications thereof It is proposed to prepare a panel of retired Government servants to work as full time Consultant with the following terms and… Read More

Tags: Asia, Cabinet Secretary, CentralGovernment, Government, Government of India, India, New Delhi, Udyog Bhavan

CCI orders investigation against M/s ACI for alleged violation of Competition Act

Competition Commission of India (CCI) has ordered investigation against M/s ACI India, M/s ACI Worldwide and M/s ACI Asia Pvt. Limited (Respondents) on the allegations of contravention of provisions of Competition Act. CCI had issued the order under Section 26(1) of the Competition Act, 2002 on the basis of information filed by M/s Financial Software… Read More

Tags: Asia, cci, Competition Act, Competition Commission of India, Director-general, India, Informant, The Competition Act 2002

Commencement Notification CA2013 :: Sections 379, 382, 383, 386

Chapter XXII-Companies Incorporated Outside India (379- 393) Section 379- Application of Act to foreign companies Where not less than fifty per cent. of the paid-up share capital, whether equity or preference or partly equity and partly preference, of a foreign company is held by one or more citizens of India or by one or more… Read More

Tags: Asia, Board of directors, Business, Companies Act, Company, Government of India, India, Share capital

RBI Clarification on Finance for Housing Schemes enhancement of limits

RBI/2013-14/236 UBD CO BPD (PCB) Cir. No.13/09.22.010/2013-14 September 10, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Finance for Housing Schemes Primary (Urban) Co-operative Banks Loans for repairs / additions / alterations enhancement of limits Please refer to our circular UBD BPD PCB No.31/09.09.01/2002-03 dated December 30, 2002 on… Read More

Tags: Asia, Business, India, Real Estate, Rural area, Social Sciences, Urban, Urban area