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Prior permission not needed for transfer of CENVAT as a result of Merger/Amalgamation: CESTAT – Delhi

NO SPECIFIC STIPULATION CONTAINED IN RULE 10 OF THE CENVAT CREDIT RULES, 2004 REGARDING PRIOR PERMISSION FROM THE STATUTORY AUTHORITIES FOR TRANSFERRING THE CENVAT CREDIT AS A RESULT OF AMALGAMATION/MERGER: CESTAT A.     Brief Facts of the Case:  A.1      In this case, the Appellant (viz. "M/s. S.C. Johnson Products Pvt. Ltd." formerly known as… Read More

Tags: Central Excise ActCenvat Credit RulesCESTATNew Delhi

Clarification with regard to Section 185 of the Companies Act, 2013

General Circular No 03/2014 No.01/12/2013-CL.V Government of India Ministry of Corporate Affairs 5th Floor,™ A' Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi-110001. Dated: 14/2/2014 To All Regional Directors, All Registrar of companies, All Stakeholders. Subject: Clarification with regard to Section 185 of the Companies Act, 2013. Sir, 1. This Ministry has received number of… Read More

Tags: Companies ActCompanies Act 1956Holding companyLoanNew DelhiRegistrar of CompaniesSection 372A of the Companies ActSubsidiary

SEBI Board Meeting – Tax related Policies for MFs, Review of Corporate Governance and other decisions

The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The Board has approved the proposals to amend the Listing Agreement with respect to corporate governance norms for listed companies. The amendments, inter-alia, propose to align the provisions of… Read More

Tags: Board of directorsCompanies ActCorporate GovernanceIndiaMutual fundNew DelhiSEBISecurities & Exchange Board of India

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: AsiaCustomsFile Transfer ProtocolGovernment of IndiaIndiaNew DelhiParaScrip

Assocham National Conference on New Mergers & Acquisitions Era under the Companies Act – 2013 (Regulatory & Industry Perspective)

  ASSOCHAM Presents National Conference on New Mergers & Acquisitions Era under the Companies Act - 2013 (Regulatory & Industry Perspective) ------------------------------------------------------------------------------------------------- Overview: The new Company Act, 2013 promises to bring easy and efficient way of doing business in India, better governance, improves levels of transparency, enhance accountability, inculcating self compliance and making corporate socially… Read More

Tags: BusinessBusiness ServicesCompanies ActConsultingIndiaMergers & AcquisitionsMinistry of Corporate Affairs (India)New Delhi

MCA Organized more than 1300 Investor Awareness Programmes

During the Current Financial Year, a total of 1,370 Investor Awareness Programmes have been organized by the Ministry of Corporate Affairs in various parts of the country as on 31.12.2013 through its 3 Professional Institutes: Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants… Read More

Tags: Corporate Affairs MinistryICSIIndiaInstitute of Company Secretaries of IndiaInstitute of Cost Accountants of IndiaNew DelhiRajasthanUttar Pradesh

Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014

Excerpts from the Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014 THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 7, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 7th January, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014 No. LAD-NRO/GN/2013-14/36/12.-… Read More

Tags: Depository participantExchange Board of India ActIndiaInstitutional investorNew DelhiReserve Bank of IndiaSecurities & Exchange Board of IndiaSecurities and Exchange Board of India Act 1992

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

More Powers to the Competition Commission of India

The Competition (Amendment) Bill, 2012 introduced in the Lok Sabha inter-alia, proposes to enable Competition Commission of India (CCI) to conduct search and seizure operations directly for carrying out effective investigations into unfair market practices. Giving this information in written reply to a question in the Lok Sabha, Minister Of Corporate Affairs, Shri Sachin Pilot,… Read More

Tags: BRICEuropean UnionIndiaIndia's Competition CommissionLok SabhaManmohan SinghNew DelhiSachin Pilot

New Amendments in Securities Contracts (Regulation) Rules, 1957 with regards to LLPs

The Gazette of India EXTRAORDINARY PART II - SECTION 3 - SUB-SECTION (i) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th October, 2013 G.S.R.705(E).-In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956, (42 of 1956), the Central Government hereby makes the following rules further… Read More

Tags: Gazette of IndiaIndiaLimited liability partnershipMinistry of Finance (India)New DelhiOfficial GazetteSecurities & Exchange Board of IndiaSecurities and Exchange Board of India Act 1992

CCA Ordered mandating generation of DSCs on Tokens only w.e.f 25th Nov 2013

F.No.CCA/DC(T)/2013-98 (pt.) Government of India Ministry of Communications & Information Technology Department of Electronics & Information Technology Office of Controller of Certifying Authorities New Delhi  25th October 2013 OFFICE ORDER The Security of Private keys corresponding to the DSCs being issued by Certifying Authorities  (CA) to subscribers has always been a matter of concern. In… Read More

Tags: Certificate PolicyFIPS 140Government of IndiaIndiaInformation technologyNew DelhiPublic-key cryptographyPublic-key infrastructure

Competition Commission of India and DG, Competition of the European Commission sign MOU on Cooperation in the Field of Competition Laws

Competition Commission of India (CCI) and the Directorate General for Competition of the European Commission (DG, Competition) have signed a Memorandum of Understanding on Cooperation in the Field of Competition Laws. The MoU was signed during the ongoing 3rd BRICS International Competition Conference at New Delhi today by Mr Joaquin Almunia, Vice President for Competition,… Read More

Tags: BRICCompetition lawEuropean CommissionEuropean UnionIndiaIndia's Competition CommissionMemorandum of understandingNew Delhi

Heads of Competition Authorities of BRICS sign “Delhi Accord” at the 3rd BRICS International Competition Conference

The Heads of the Competition Authorities of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People™s Republic of China and the Republic of South Africa signed a Joint Accord namely ˜DELHI ACCORD™ on November 22, 2013 during the ongoing 3rd BRICS International Competition Conference (ICC) at New Delhi. BRICS Competition… Read More

Tags: BRICBRICS Competition AuthoritiesChinaIndiaIndia's Competition CommissionNew DelhiRussiaSouth Africa

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