Others - Corporate Law Reporter

Cement Companies violate the provisions of the Competition Act, 2002

A large number of cement manufacturers have been found violating the provisions of the Competition Act, 2002.The Competition Commission of India (CCI) in two cases has found 11 cement manufacturers in contravention of Competition Act. The Commission in its first order dated 20.06.2012 has imposed a penalty of Rs.6307.32 crores on 11 cement manufacturers. In… Read More

ICSI to organise Corporate Governance Week from 27th August to 31st August

MEGA PROGRAMMES Day & Date Venue Monday, August 27,2012 Hotel Vivanta, Bangalore Tuesday, August 28,2012 Hotel Taj Deccan, Hyderabad Wednesday, August 29, 2012 NSE (Auditorium, Ground Floor), Mumbai Thursday, August 30, 2012 Hotel Park, Kolkata Friday, August 31, 2012 Hotel Ashoka, New Delhi Programme Sheet Inaugural Session 9.30 -10.30 am Tea Break 10.30 -11.00… Read More

Investment Tracking System to track all Public Sector Undertaking Projects with an investment of Rs. 1000 crore

Government has set up an Investment Tracking System Projects with an investment of Rs. 1000 crore and above. The purpose of this mechanism is to periodically monitor implementation of projects and identify systemic issues and attempt to have been resolved. Under Investment Tracking System, National Manufacturing Competitiveness Council (NMCC) is mandated to track all Public… Read More

Necessary steps to be taken to curb Trademark infringements

Under the Trademarks Act, 1999, the Registered Proprietor or the authorized user of a trademark can take recourse to civil or criminal action against the infringer in the appropriate fora. The statistics of trademark infringements is not maintained by the Central Government. The accession (proposed notification of Trademark rules under the Trademark (Amendment) Act, 2010… Read More

Fin Min says sound policies, good governance & effective implementation would enable to overcome the challenges faced by our economy

The Union Finance Minister, Shri P. Chidambaram has said that uppermost in his mind is the duty to re-gain the confidence of all stakeholders. Assuring that inflation can be moderated in the medium term, he said that the Government will work with RBI in this regard. In a statement, the Finance Minister said that a… Read More

Direct Entry to Chartered Accountancy

COURSE AMENDMENTS TO THE CHARTERED ACCOUNTANTS REGULATIONS, 1988 This is to inform all concerned that with the issuance of the Notification No. 1-CA(7)/145/2012 on August 1, 2012, the provisions relating to Direct Entry Scheme for Graduates/Post Graduates, etc., with prescribed percentage of marks, to the Chartered Accountancy Course have come into force from August 1,… Read More

India & Indonesia sign the revised DTAA for preventing the fiscal evasion with respect to taxes on income

The Government of the Republic of India signed a revised Double Taxation Avoidance Agreement (DTAA) with the Government of the Republic of Indonesia for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income on 27th July, 2012 at Hyderabad House, New Delhi. Shri. S. M. Krishna,… Read More

Union Minister of Commerce, Industry and Textiles to attend the Global Investment Conference

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma, left today for London to attend The Global Investment Conference which is taking place tomorrow. Shri Sharma will speak during a session on Global Trade Partnerships along with the British Minister of Business, Innovation and Skills Dr. Vince Cable and Dr. Olusegun Aganga, Minister… Read More

MCAICSI Webinar on XBRL Filing

As desired by MCA, The ICSI is organizing MCA ICSI Webinar on MCA XBRL filings for Financial Year 2011-12 (Accounting Year commencing on or after 01.04.2011) on Monday, 30.07.2012, at Conference Room of Ministry of Corporate Affairs, Shastri Bhawan, New Delhi at 4.00 pm. Representatives of MCA, ICSI, ICAI, ICWAI, TCS, etc would reply to… Read More

Payment of Annual Membership and Certificate of Practice Fee

The Annual Membership fee and Certificate of Practice fee for the year 2012-13 became due for payment w.e.f. 1st April, 2012. The last date for payment of annual membership fee was 30th June, 2012 which has now been extended upto 31st August, 2012. Members who are yet to pay the fees are requested to pay… Read More

CBEC develops an Interactive Customs Tariff application to enhance public access to information on duty payment & other regulatory requirements

India has developed an Authorized Economic Operator (AEO) Programme consistent with World Customs Organization (WCO) SAFE Framework of Standards. The trade supply chain has become extremely complicated and vulnerable to external threats which led to an urgent need to have a system that ensures end to end supply chain security while ensuring faster release of… Read More

Shri S.R. Rao reviews the progress of implementation of electronic transmission of e-BRC

During the release of Annual Supplement to Foreign Trade Policy on June 5, 2012, Shri Anand Sharma, Minister of Commerce, Industry and Textile had launched the ˜e-BRC™ initiative, to electronically transmit foreign exchange realization details on exports from the respective banks to Directorate General of Foreign Trade (DGFT). To ensure that there is a smooth… Read More

ADB & GOI signed a $67.6 million loan to improve the physical and institutional links to support agriculture in the state of Bihar

Asian Development Bank (ADB) and the Government of India have signed a $67.6 million loan that will help improve physical and institutional links to support agriculture in the state of Bihar. The loan will help expand agricultural value chains and facilitate better linkages for small scale farmers with processors, agribusiness entrepreneurs, and service providers in… Read More