Others - Corporate Law Reporter

Customs notification for exemptions to MoD’s LR-SAM Programme

[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. 08/2013-Customs New Delhi, the 20th February, 2013 G.S.R. 114(E).- In exercise of the powers conferred by sub-section (1) of section 25of the Customs Act, 1962 (52 of 1962), the Central Government, on… Read More

AP Government clarifications with respect to instructions on generation of TDS certificates from Commercial Taxes Department website

GOVERNMENT OF ANDHRA PRADESH COMMERCIAL TAXES DEPARTMENT Office of the Commissioner of Commercial Taxes Andhra Pradesh :: Hyderabad. CC No. 4 CCT™s Ref. No. A II(2 )/291 /2012. Dated : 07-02-2013 CIRCULAR Sri Suresh Chanda, I.A.S., Commissioner of Commercial Taxes *** Sub:- Tax Deduction at Source Generation of certificates in Form 501A and Form 501B… Read More

SEZ Board of Approval considers proposals for setting up Special Economic Zones – Minutes of meeting held on 18th Jan 2013

Minutes of the 56th meeting of the SEZ Board of Approval held on18th January 2013 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals The fifty sixth (56th) meeting of the SEZ Board of Approval (BoA) was held on 18.01.2013 under the chairmanship of Shri S.R. Rao, Secretary, Department of Commerce,… Read More

SC letter in response to FM’s concern on drafting of ‘Substantial Question of Law’ in the proposals to file SLP

Section 261 of the income tax act, 1961 - supreme court - appeals to - Finance Minister's directions on filing of SLP in Supreme Court - Drafting of SLP & framing proper substantial question of law Letter No. DGIT(L&R)/FM Meeting/2012-13, dated 11-2-2013 Please refer to the above. 2. I am directed to convey that the Hon'ble… Read More

IRDA introduces New regulations (2013) for Reinsurance – replaces similar Regulations of 2000

IRDA (General Insurance - Reinsurance) Regulations, 2013 Notification F. No. IRDA/Reg./5/63/2013, dated 7-2-2013 In exercise of the powers conferred by section 114A of the Insurance Act, 1938, sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999, the Authority, in consultation with the Insurance Advisory Committee, hereby makes the following regulations, namely:… Read More

CCEA approves non-plan budgetary support for Payment of statutory dues and wages in sick/loss making CPSEs under the Department of Heavy Industry

Payment of statutory dues, salary and wages in sick/loss making CPSEs under the Department of Heavy Industry The Cabinet Committee on Economic Affairs today approved the proposal for providing non-plan budgetary support of Rs.122.65 crore for liquidation of statutory dues (Provident Fund, Gratuity, Pension, Employees State Insurance and Bonus) and salary and wages from 1.4.2012… Read More

PM™s statement to the media at Parliament House on the start of the Budget session

Ladies and gentlemen, we are looking forward to a very productive, constructive session of Parliament. That is what our country™s people expect Parliament to do. We are meeting against the background of global slowdown of economic activity which has also affected us. It is now a challenge for all of us to take credible action… Read More

TRAI Releases Pre-Consultation Paper on ˜Full Mobile Number Portability™

Telecom Regulatory Authority of India (TRAI) has released a Pre-consultation Paper on ˜Full Mobile Number Portability (Pan-India Number Portability)™. In accordance with the provisions contained in the National Telecom Policy-2012 regarding One Nation- Full Mobile Number Portability, TRAI received a reference from DoT vide its letter dated 27th Dec 2012, seeking the recommendations of TRAI… Read More

Current Dispensation on Cotton to Continue

The inter-Ministerial Committee comprising of Commerce Secretary, Agriculture Secretary and Textiles Secretary had met on 19th February, 2013 to take stock of the cotton scenario including production, arrivals, registration and exports. The Committee noted that the situation with respect to cotton availability, prices and export is satisfactory and decided that the current dispensation may continue.… Read More

DoT announces separate Auctions will be held for the Balance Spectrum in 1800 MHZ Band

The Supreme Court of India vide its Order dated 2nd February, 2012 in WP (Civil) No.423 of 2010 quashed the licenses and allocation of spectrum granted on or after 10.1.2008 pursuant to two press releases issued on 10.1.2008. It further ordered grant of license and allocation of spectrum in 2G band in 22 Service Areas… Read More

Regulatory Amendments advised by Insurance Advisory Committee for IRDA Act with respect to Appointed Actuary

IRDA (APPOINTED ACTUARY) (FIRST AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATION 3 AND INSERTION OF REGULATION 11 NOTIFICATION F.NO.IRDA/REG/4/62/2013, DATED 7-2-2013 In exercise of the powers conferred by section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (4 of… Read More

Inadvertent Error in the order of CESTAT

While deciding an appeal by the Revenue, Hon'able HC noticed an inadvertent error that: In appeal, the learned Tribunal accepted the appeal of the assessee. Challenge in the appeal by the assessee before the Tribunal was in respect of the payment of interest and penalty. It is the said amount which was set aside by… Read More

Government to set up a Subcommittee of Experts to work towards a Draft National Conservation Policy

Government has decided to constitute a subcommittee of experts to work towards a draft National Conservation Policy. Chairing the meeting of the National Empowered Committee (NEC) of the National Mission of Manuscripts (NMM) here, Minister of Culture Smt. Chandresh Kumari Katoch lauded the performance and work of the NMM. She said there is a need… Read More