Business Law - Corporate Law Reporter

Insolvency and Bankruptcy Code, 2016 – Clause (a) to clause (d) of section 2 of the Code relating to voluntary liquidation or bankruptcy shall come into force from 1st April, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th May, 2017 S.O. 1570(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the ‘Code’), the Central Government hereby appoints the 1st April, 2017 as the date on which the… Read More

Foreign Trade Policy, 2015-20 – Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020 with immediate effect

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 24th April, 2017 No. 4 /2015-20 Subject:- Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020 F. No. 01/91/171/37/AM10/EC.—In exercise of the powers conferred under Paragraph 1.03… Read More

Exemption from section 5 of the Competition Act to certain enterprise

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th March, 2017 S.O. 988(E).—In exercise of the 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 enterprises being parties to –– (a) any acquisition referred to in clause (a) of… Read More

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st March, 2017 No. 42/2015-2020 Subject: Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 S.O. 905(E).— In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign… Read More

Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 22nd February, 2017 No. 39 /2015-2020 Subject: Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20 S.O. 596(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with… Read More

Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020

MINISTRY OF COMMERCE & INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd February, 2017 No. 40 /2015-2020 Subject: Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020. S.O. 619(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with… Read More

Union Budget 2017 Highlights – Live from FM’s speech

Macro Economic Forex Reserves at healthy 361 b $ representing 12 months of imports IMF GDP growth forecast at 7.2% in 2017 and 7.7% in 2018 Demo and GST to have an affirmative impact in the long term 3 Changes for this Budget Budget date advanced to 1st Feb to enable approval of the Bill… Read More

FAQs on Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of 500 and 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016

(Updated as on January 17, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500 and ₹ 1000 introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes,… Read More

Amendment in Schedule 2 of ITC (HS) Classification of Export & Import Items relating to export of Animal By-Products.

In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015- 20, the Central Government hereby makes the amendment, with immediate effect, in Schedule 2 of ITC (HS) Classification of Export & Import… Read More

Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2017

NOTIFICATION Mumbai, the 11th January, 2017 SEBI/LAD-NRO/GN/2016-17/018 .─ In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby, makes the following regulations to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors)… Read More

5 vital pieces of advice for Trademark Registration in India

Trademark registration gives legal right to the owner of a company to use a particular symbol or logo as the identity of their business. Trademark registration is the first thing an owner should look for after the successful company name registration. To avoid future conflicts because of similarities with the mark of any other organisation… Read More

Takeover Defenses in India

Hostile takeovers have been relatively uncommon in India compared to Western jurisdictions. However, it has been observed in recent times that the trend is slowly but surely catching up in India as well. While the Takeover Code and the Companies Act mandate several disclosure requirements which make it considerably difficult for hostile raiders to acquire… Read More

NPA in Private Sector Banks

The extremely plan to enable RBI to endorse rules on arrangement of Non-performing asset was that the idea of NPA itself is rapid - it changes with the adjustments in the money related administration and accordingly requires consistent checking and upgrading. Giving a static definition from the very time when the institution came into power… Read More