Central Government | Corporate Law Reporter

Central Government notifies certain sections of Union Territory Goods and Services Tax Act, 2017

Central Government vide notification no. 1/2017–Union Territory Tax, notifies provisions of sections 1, 2, 3, 4, 5, 17, 21 and section 22 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) which shall come in force on 22nd June 2017 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st… Read More

Tags: 2017, Central Government, GST, Tax, Union Territory Goods and Services Tax Act, UNION TERRITORY TAX, UTGST

Prosecution Architecture Under The Companies Act 2013

Foreword Mechanism For Criminal Proceedings Under The Present Companies Act 1956 Generally at the time of scrutinizing the Balance Sheet and Other Financial Statements of the Company, if Registrar of Companies come across any lapses on part of the Company in recording the transactions and financial irregularities etc. and observed provisions of Companies Act 1956… Read More

Tags: Central Government, Companies Act, Companies Act 1956, Company Law Board, Registrar of Companies, Securities & Exchange Board of India, Serious Fraud Investigation Office, SFIO

Report by Regional Director (RD) u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RD

General Circular No 1/2014, Dated :15th January 2014 Subject: Report u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs. Section 394A of the Companies Act, 1956 requires service of a notice on the Central Government wherever cases involving arrangement/compromise (under Section 391) or reconstruction / amalgamation (under… Read More

Tags: Amalgamation, Central Government, Companies Act 1956, Government, Government of India, Income tax, Merger, RD report, Registrar of Companies, Section 394

MCA Notification on Exemption from Vessel Sharing Agreements

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11 th December, 2013 S.O. 3641(F).- In exercise of powers conferred by clause (a) of Section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the Vessel Sharing Agreements (VSAs) of Liner Shipping Industry from the provisions of Section… Read More

Tags: Central Government, Director-general, Government of India, India, Ministry of Corporate Affairs, New Delhi, Official Gazette, Secretary

Class Action Suits Under Companies Act, 2013

The concept of Class Action Suits is among one of the many novelties introduced by the Companies Act, 2013. Thought the concept per se is not new but in Indian context it has found statutory recognition and enforceability now only by means of Companies Act 2013. The first time class action suit came to the… Read More

Tags: Central Government, Class action, Companies Act, Companies Act 2013, India, Lawsuit, Ministry of Corporate Affairs, Satyam

Registered Valuers Under Companies Act, 2013

Registered Valuer is one among the many new concepts introduced by the Companies Act, 2013 to provide for a proper mechanism for valuation of the various assets and liabilities related to a company and to standardize the procedure thereof. This will not only help in eliminating doubts relating to arbitrary valuation and window dressing but… Read More

Tags: Book value, Central Government, Companies Act, Company, Corporate Affairs Ministry, Discounted cash flow, Employee stock option, Government of India, India, Real estate appraisal, Valuation (finance)

New National Competition Policy Under Consideration

Formulation of a National Competition Policy is under consideration of the Government. Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that the Government has introduced a Public Procurement Bill, 2012 in Lok Sabha in May, 2012. The Bill seeks to regulate public… Read More

Tags: Central Government, Companies Act, Corporate Affairs Ministry, Government Procurement, LokSabha, National Competition Policy, Sachin Pilot, The Bill

Policy for Corporate Governance in India

On account of increasing importance of businesses to the economics and complexities of operating in an inter-dependent world necessitated this Ministry to constitute a Committee to formulate a Policy document on Corporate Governance under the Chairmanship of Shri Adi Godrej on 07.03.2012. The Committee has since submitted its report to the Central Government. Giving this information in… Read More

Tags: Business, Central Government, Companies Act, Consulting, Corporate Governance, India, Lok Sabha, Mergers & Acquisitions

MCA Electoral Trust Notification

(To be published in Part II, Section 3, Sub-section (ii) of the Gazette of India Extraordinary) Dated ,2013 Government of India Ministry of Corporate Affairs New Delhi, the 7th November, 2013 Order S.0 (E) In exercise of the powers conferred by sub-section (6) of section 25 of the Companies Act, 1956 (1 of 1956) (hereinafter referred to… Read More

Tags: Central Government, Companies Act, Companies Act 1956, Companies Act 2013, Foreign Exchange Management Act, Government of India, India, New Delhi

Policies Of Government in Raising Living Standards of People

A Research Paper Titled POLICIES OF GOVERNMENT IN RAISING LIVING STANDARDS OF PEOPLE Submitted to BABASAHEB BHIMRAO AMBEDKAR UNIVERSITY (LUCKNOW) Submitted By Neha Bhati and Tamanna Ahlawat On the occasion of INTERNATIONAL CONFERENCE On the Theme ˜HUMAN RIGHTS LAW, JUSTICE AND GOVERNANCE™ ------------------------------------------------------------------------- ACKNOWLEDGEMENT There are numerous people… Read More

Tags: Advocacy Organizations, BABASAHEB BHIMRAO AMBEDKAR UNIVERSITY, Central Government, Democracy, Discrimination, Government of India, Human right, Human Rights and Liberties, HumanRights, India, International human rights law, Standard of living, United States, Universal Declaration, Universal Declaration of Human Rights

State Food Ministers meet to discuss implementation of National Food Security Act

The Center has convened State / UTs Food Ministers meet on Oct 1, 2013, to discuss implementation of National Food security Act which got accent of the President of India on September, 12, 2013 after having the nod of parliament. Prior to the meet, State Food Secretaries will meet on Sept 30, 2013 to set… Read More

Tags: Central Government, Food security, India, Minister of Consumer Affairs Food and Public Distribution (India), Public Distribution System, State, Targeted Public Distribution System, United States

Ministry of Corporate Affairs issues Companies (Removal of Difficulties) Order, 2013

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated __] Government of India Ministry of Corporate Affairs ORDER New Delhi, the 20th September 2013 S.O. (E). - Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President… Read More

Tags: Central Government, Companies Act, Companies Act 1956, Companies Act 2013, Company Law Board, Corporate Affairs Ministry, India, New Delhi

Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks

RBI/2013-14/280 DBOD. AML.No.4814/14.08.001/2013-14 September 20, 2013 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect… Read More

Tags: Bank, Central Government, Commercial bank, Foreign Contribution, Government of India, Ministry of Home Affairs, New Delhi, Regulation