eMinds Legal - Corporate Law Reporter

Companies amendment Bill goes to Standing Committee

The Bill seeking to make further amendments to the Companies Act has been referred to the Parliamentary Standing Committee, which is expected to prepare its report within three months. Corporate Affairs Minister Arun Jaitley had introduced the Companies (Amendment) Bill, 2016 on March 16 in the Lok Sabha. After taking into consideration suggestions made by… Read More

Compliance under The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Procedure : 1) Internal Complaint Committee : Committee needs to be constituted as under : 1) Senior most women member of organisation. 2) One member from NGO 3) In any case, there should be equal no of women workers in the committee. 2) Meeting : There is nowhere mentioned in the act about the no… Read More

Amendment in rule 6 sub-rule (2), of Service Tax (Determination of Value) Rules, 2006

[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. 23 /2016-Service Tax, New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance… Read More

Amendment in sub-rule (7) of rule 4 & rule 6 of 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. 24/2016- Central Excise (N.T.) New Delhi, the 13th April, 2016. G.S.R.____(E).- In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and… Read More

Rate of exchange of conversion of the foreign currency with effect from 8th April, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.48/2016 - Customs (N.T.) New Delhi, dated the 07th April, 2016 18 Chaitra, 1938 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the… Read More

Amendment in rule 7 of Point of Taxation Rules, 2011

[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. 23 /2016-Service Tax, New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the… Read More

Security / Inspection needs and Movement of Treasure

RBI/2015-16/369 DCM (CC) No. G - 11/3445/03.39.01/2015-16 April 13, 2016 The Chairman & Managing Director Chief Executive Officer / Managing Director All Banks having Currency Chests Madam / Dear Sir, Security / Inspection needs and Movement of Treasure Please refer to the guidelines contained in the Technical specifications issued by us vide DCM (CC) No.… Read More

Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies

RBI/2015-16/370 DNBR.CC.PD.No.078/03.10.038/2015-16 April 13, 2016 To All NBFC-MFIs, Dear Sir/Madam, Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies Please refer to the Non-Banking Financial Company -Micro Finance Institutions (NBFC-MFIs) (Reserve Bank) Directions, 2011 (the Directions) issued by Reserve Bank of India (the… Read More

Scheme for providing Financial Assistance to Urban Cooperative Banks for Implementation of Core Banking Solution

RBI/2015-16/368 DCBR.CO.PCB.Cir.No.14/09.18.300/2015-16 Chaitra 24,1938 April 13, 2016 Chief Executive Officers Primary (Urban) Cooperative Banks Dear Sir/Madam Scheme for providing Financial Assistance to Urban Cooperative Banks for Implementation of Core Banking Solution As announced in the First Bi-monthly Monetary Policy Statement-2016-17 dated April 05, 2016 (copy enclosed), it has been decided to prescribe standards and benchmarks… Read More

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director

RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management (Deposit) Regulations, 2016, notified vide Notification No.… Read More

Overseas Direct Investment – Submission of Annual Performance Report

RBI/2015-16/373 A.P. (DIR Series) Circular No.61 April 13, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Overseas Direct Investment - Submission of Annual Performance Report Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue… Read More

Overseas Direct Investment (ODI) – Rationalization and reporting of ODI Forms

RBI//2015-16/374 A.P. (DIR Series) Circular No.62 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investment (ODI) – Rationalization and reporting of ODI Forms Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer… Read More

Issuance of Rupee denominated bonds overseas

RBI/2015-16/372 A.P. (DIR Series) Circular No.60 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the provisions contained in A.P. (DIR Series) circular No. 17 dated September 29, 2015 on issuance… Read More

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