Official Gazette | Corporate Law Reporter

Procedure for Authorization of Related Party Transactions under the Companies Act, 2013 – The Conundrum that it is

Introduction Members of the professional fraternity are aware that the Companies Act 2013(hereinafter referred to as The Act) is being notified for implementation in a phased manner-not surprisingly though, considering its overwhelming slant and dependence on sub-ordinate Legislation in the form of Rules. As we write these lines, only 98 out of the 470 Sections … Read More

Tags: Audit Committee, Companies Act, Corporate Affairs Ministry, Corporate Governance, Corporate law, Institute of Chartered Accountants of India, National Football League Draft, Official Gazette

RBI seeks Public Comments on Depositor Education and Awareness Fund Scheme

The Reserve Bank of India, today placed on its website, the draft Depositor Education and Awareness Fund Scheme for public consultation. Members of public, banks, academia, industry and other stakeholders may send their comments on the scheme by email by February 5, 2014. Background Pursuant to the amendment of The Banking Laws (Amendment) Act, 2012,… Read More

Tags: Awareness Fund Scheme, Business, Deposit account, Fund, India, Official Gazette, Reserve Bank, Reserve Bank of India

MCA Finalizes Rules for NCLT (Salary of President & Other Members) – to be notified in Official Gazette

The Ministry of Corporate Affairs has finalized some of the Rules leading to the formation of NCLT. The first set of rules will be called the National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2013, will be published in the Official Gazette of India. The… Read More

Tags: Allowances, Companies Act, Corporate Affairs Ministry, Government, Government of India, India, LokSabha, National Company Law Tribunal, NCLT, Official Gazette, Official Gazette of India, Sachin Pilot

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

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 India, India, Limited liability partnership, Ministry of Finance (India), New Delhi, Official Gazette, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2013

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION No. 289/2013-RB Mumbai, the 4th October, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Thirteenth Amendment) Regulations, 2013 G.S.R. 681 (E).”In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act,… Read More

Tags: Federal Emergency Management Agency, Foreign Exchange Management, Foreign Exchange Management Act, India, Mumbai, Official Gazette, Reserve Bank of India, Telephone exchange

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourteenth Amendment) Regulations, 2013

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 290/2013-RB Mumbai, the 4th October, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourteenth Amendment) Regulations, 2013 G.S.R. 682 (E).”In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management… Read More

Tags: Federal Emergency Management Agency, Foreign Exchange Management, Foreign Exchange Management Act, India, Mumbai, Official Gazette, Regulation, Reserve Bank of India

Overseas Foreign Currency Borrowings by Authorised Dealer Banks

RBI/2013-14/323 A.P. (DIR Series) Circular No. 61 October 10, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Overseas Foreign Currency Borrowings by Authorised Dealer Banks Attention of Authorised Dealer Category I banks is invited to Regulation no. (4)(2)(i) of Notification No. FEMA 3/RB-2000 dated May 3, 2000 as amended from time to time… Read More

Tags: Anno Domini, Central bank, Currency, Federal Emergency Management Agency, Foreign Exchange Management Act, India, Official Gazette, Run batted in

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fifth Amendment) Regulations, 2013

RESERVE BANK OF INDIA (Foreign Exchange Department) (Cental Office) NOTIFICATION No. FEMA. 288/2013-RB Mumbai, the 26th September, 2013 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Fifth Amendment) Regulations, 2013 G.S.R. 668(E).” In exercise of the powers conferred by Clause (d) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999… Read More

Tags: Federal Emergency Management Agency, Foreign Exchange Management, Foreign Exchange Management Act, India, May 3 2000, Official Gazette, Reserve Bank of India, Running back

Amendment in Cenvat Credit Rules, 2004

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12 /2013-CE (NT) New Delhi, the 27th September, 2013 G.S.R. (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994… Read More

Tags: Finance Act, Gazette of India, Government of India, India, ministry of finance, New Delhi, Official Gazette, Section 3

Commencement Notification CA2013 :: Section 405 :: Power of Central Government to direct companies to furnish information or statistics

Chapter XXV-Companies to Furnish Information or Statistics (405) Section 405- Power of Central Government to direct companies to furnish information or statistics (1) The Central Government may, by order, require companies generally, or any class of companies, or any company, to furnish such information or statistics with regard to their or its constitution or working,… Read More

Tags: Business, Central Government, Company, FeedBurner, India, Information, Official Gazette, Rupee

Income-tax (10th Amendment) Rules, 2013 – Insertion of Rule 6AAF, 6AAG, 6AAH AND FORM NO.3CQ, 3CR

GOVERNMENT OF INDIA MINISTRY OF FINANCE ( DEPARTMENT OF REVENUE ) NOTIFICATION No. 54/2013 Dated : July 15, 2013 In exercise of the powers conferred by section 295 read with sub-section (1) of section 35CCD of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962,… Read More

Tags: CBDT, Government of India, Income Tax Act, Income Tax Act 1961, Nazi Party, NSDA, Official Gazette, Taxation in India

Customs notifictation on Tiruchirappalli Airport for courier import and export operations

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.74/2013-Customs (N.T.) New Delhi, dated the 12th July, 2013 G.S.R.----- (E). - In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs… Read More

Tags: Central Board of Excise & Customs, Customs, Gazette of India, Government of India, India, New Delhi, Official Gazette, Section 3