Central Government

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: 2017Central GovernmentGSTTaxUnion Territory Goods and Services Tax ActUNION TERRITORY TAXUTGST

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 GovernmentCompanies ActCompanies Act 1956Company Law BoardRegistrar of CompaniesSecurities & Exchange Board of IndiaSerious Fraud Investigation OfficeSFIO

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: AmalgamationCentral GovernmentCompanies Act 1956GovernmentGovernment of IndiaIncome taxMergerRD reportRegistrar of CompaniesSection 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 GovernmentDirector-generalGovernment of IndiaIndiaMinistry of Corporate AffairsNew DelhiOfficial GazetteSecretary

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 GovernmentClass actionCompanies ActCompanies Act 2013IndiaLawsuitMinistry of Corporate AffairsSatyam

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 valueCentral GovernmentCompanies ActCompanyCorporate Affairs MinistryDiscounted cash flowEmployee stock optionGovernment of IndiaIndiaReal estate appraisalValuation (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 GovernmentCompanies ActCorporate Affairs MinistryGovernment ProcurementLokSabhaNational Competition PolicySachin PilotThe 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: BusinessCentral GovernmentCompanies ActConsultingCorporate GovernanceIndiaLok SabhaMergers & 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 GovernmentCompanies ActCompanies Act 1956Companies Act 2013Foreign Exchange Management ActGovernment of IndiaIndiaNew 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 OrganizationsBABASAHEB BHIMRAO AMBEDKAR UNIVERSITYCentral GovernmentDemocracyDiscriminationGovernment of IndiaHuman rightHuman Rights and LibertiesHumanRightsIndiaInternational human rights lawStandard of livingUnited StatesUniversal DeclarationUniversal 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 GovernmentFood securityIndiaMinister of Consumer Affairs Food and Public Distribution (India)Public Distribution SystemStateTargeted Public Distribution SystemUnited 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 GovernmentCompanies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryIndiaNew 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: BankCentral GovernmentCommercial bankForeign ContributionGovernment of IndiaMinistry of Home AffairsNew DelhiRegulation

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