Ministry Of Commerce & Industry | Corporate Law Reporter

Policy on Foreign Direct Investment in the Pharmaceutical Sector

The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield and greenfield projects in the pharmaceutical sector will continue subject to the additional condition that in all cases of FDI in… Read More

Tags: Brownfield land, Cabinet, foreign direct investment, Foreign Investment Promotion Board, Greenfield project, India, Ministry of Commerce & Industry, Non-compete clause

Foreign Direct Investment (FDI) in India Definition of ˜group company™ as per RBI Guidelines

RBI/2013-14/356 A.P. (DIR Series) Circular No.68 November 01, 2013 To All Category I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India definition of ˜group company™ Attention of Authorised Dealer Category I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations,… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Central bank, Federal Emergency Management Agency, foreign direct investment, Foreign Exchange Management Act, India, Ministry of Commerce & Industry

DGFT Circular w.r.t. Mono cartons being treated as primary level packaging of export consignment of pharmaceuticals and drugs

To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 31 (RE-2013)/2009-2014 New Delhi, Dated the 17 October, 2013 Sub: Mono cartons to be treated as primary level packaging of export consignment of pharmaceuticals and… Read More

Tags: Directorate General of Foreign Trade, Gazette of India, Government of India, India, Ministry of Commerce & Industry, New Delhi, Pujari, United States Department of Commerce

DGFT Public Notice on Suspension of SIONs

(To be published in the Gazette of India Extraordinary) (Part I-Section 1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 30 (RE: 2013)/2009-2014 New Delhi: dated 4 October, 2013 In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures… Read More

Tags: Director-general, Directorate General of Foreign Trade, Gazette of India, Government of India, Ministry of Commerce & Industry, New Delhi, Pujari, United States Department of Commerce

Paragraph 3.8.3 of the Handbook of Procedures, Vol. 1 of FTP amended

(To be published in The Gazette of India Extraordinary Part-I-Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi. Public Notice No. 28/2009-2014 (RE- 2013) New Delhi, the 25th September, 2013 Subject: Amendment in Paragraph 3.8.3 of the Handbook of Procedures, Vol. 1 (for Incremental Exports Incentivisation Scheme). In… Read More

Tags: Department of Commerce, Directorate General of Foreign Trade, File Transfer Protocol, Foreign Trade Policy, Gazette of India, Government of India, Handbook of Procedures, Incremental Export Incentivisation Scheme, Incremental Exports Incentivisation Scheme, India, Ministry of Commerce & Industry, New Delhi

RBI Review of FDI policy :: Definition for Control and Sector Specific Conditions

RBI/2013-14/255 A.P. (DIR Series) Circular No. 44 September 13, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Foreign Direct Investment (FDI) in India Review of FDI policy definition for control and sector specific conditions Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Annex B of Schedule 1 to the… Read More

Tags: FDI, Federal Emergency Management Agency, foreign direct investment, Foreign Exchange Management Act, Himachal Pradesh, India, Karnataka, Ministry of Commerce & Industry

Delegation of power for suspension and cancellation of Importer Exporter Code Number

[To be published in the Gazette of India, Extraordinary, Part II Section 3, Sub-section (ii)] GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE (DIRECTORATE GENERAL OF FOREIGN TRADE) Notification No. 39 (RE-2013)/2009-2014 New Delhi, Dated the 29th August, 2013 S.O.(E) In pursuance of the powers conferred by sub-section (1) of section 8 of theForeign Trade… Read More

Tags: Directorate General of Foreign Trade, FeedBurner, Gazette of India, Government of India, India, Ministry of Commerce & Industry, New Delhi, Regulation

Amendment of the existing policy on Foreign Direct Investment

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.4 (2013 Series) Subject: Amendment of the existing policy on Foreign Direct Investment - definition of the term control, for calculation of total foreign investment i.e. direct and indirect foreign investment, in Indian companies. 1.0 Present Position: 1.1 As per paragraph… Read More

Tags: Asia, foreign direct investment, Government of India, India, Indian nationality law, List of companies of India, Ministry of Commerce & Industry, Shareholders' agreement

Trade Relations with Pakistan

Bilateral trade between India and Pakistan is conducted mostly through Mumbai-Karachi sea route and Attari-Wagha land route. The year-wise and item-wise details of commodities of the total trade with Pakistan for last three financial years are given in Annexure. The details of the trade in terms of value between India and Pakistan during last 3 financial years… Read More

Tags: Free trade area, India, Islamabad, Line of Control, Ministry of Commerce & Industry, Pakistan, Rajya Sabha, South Asian Free Trade Area

eBiz Portal to serve as a 24X7 online single-window system

Ministry of Commerce & Industry launched the eBiz portal on 28.01.2013 comprising the License and Permits Services component that will allow business users to obtain information on customized list of licenses, permits, and regulations that they require or need to comply with across all levels of government in five pilot States viz., Andhra Pradesh, Delhi,… Read More

Tags: Andhra Pradesh, Business, Haryana, India, Lok Sabha, Maharashtra, Ministry of Commerce & Industry, Tamil Nadu

Setting Up of NIMZ – National Investment and Manufacturing Zones

Government has granted in-principle approval to five National Investment and Manufacturing Zones (NIMZs) outside the DMIC region. The state governments have to acquire the necessary land before any projects can be considered in these zones. Eight zones have been announced as NIMZ along the Delhi Mumbai Industrial Corridor (DMIC). The Government has received nine proposals… Read More

Tags: Andhra Pradesh, Central Government, Government, Jhansi, Kerala, Lok Sabha, Ministry of Commerce & Industry, Uttar Pradesh

Policy on Trade of Agricultural Products

The Government, from time to time, keeps receiving representations from various quarters on various aspects related to agricultural export policy. This issue was also raised by Sh. Raju Shetty, MP in the Parliament. The export of agricultural products depends on various factors including availability of surplus over and above the requirement of buffer stock including… Read More

Tags: Agriculture, Basmati, Export, Government, India, Lok Sabha, Minister of State, Ministry of Commerce & Industry

Exports to Asean

Details of the trade carried out between India and the Association of South East Asian Nations(ASEAN), Argentina and the South Asian countries during the last three years and current year are at Annex-I, Annex-II and Annex-III. ASEAN and India has set bilateral trade target of US$100 billion by 2015. The bilateral trade target with Indonesia, Thailand, Myanmar and Vietnam… Read More

Tags: Argentina, ASEAN, Free trade area, India, Ministry of Commerce & Industry, Ministry of External Affairs, South Asian Free Trade Area, Thailand