Others - Corporate Law Reporter

PM’s Independence Day speech set out a Growing India Model;Urged to follow Good Governance

Prime Minister Narendra Modi in his maiden Independence Day speech spoke on a wide range of issues, from financial inclusion schemes to stressing on need to enhance manufacturing. Modi said that for India to make its presence felt on the global stage, there was immediate need to channelise the talent of the youth. He spoke… Read More

Revision in Statutory fee for filing application for Registration of Trademark

The "Ministry of Commerce, Department of Industrial Policy & Promotion" vide notification dated 1st August, 2014 has revised the Statutory Fee payable to the Trademark Registrar on making an application for registration of a Trademark (Form TM-1) to Rs. 4,000/- from existing fee of Rs. 3,500/- for every Application in Single Class. Similarly Statutory Fee for "Application for the… Read More

RBI announces rate of interest on Floating Rate Bonds for Period August 2014-August 2015

The rate of interest on the Floating Rate Bonds, 2015 (II) [FRB, 2015(II)] applicable for the year (August 10, 2014 to August 9, 2015) shall be 9.18 per cent per annum. It may be recalled that the rate of interest on the FRB, 2015(II) was set at a mark-up (as decided in the auction held… Read More

FII’s capital inflow increases as stable government in India

The Foreign inflow of capital has increased and has been phenomenal over the past many years when the comparison was made with the previous years stats. India has become FII's favorite as the stable government is now in place. There has been a total infusion investment in foreign currency in India over $6 billion alone… Read More

Low tax regime to boost Industry growth and employment opportunities says FM

The Hon'ble Minister of Finance Shri Arun Jaitley, announced some concessions for the mutual fund industry and the Income Tax payers while declaring that this Government is not a high tax government rather we will move into he phase of low tax regime thereby flourishing Industrial growth and creating more and more employment opportunities. Jaitley,… Read More

FM directs Income Tax Officials to be firm with Tax Evaders

Finance Minister Shri Arun Jaitley asked the Income Tax officials on Monday to deal with the tax evaders in a non- intrusive and fair manner but to deal firmly with the tax evaders. The Minister also added that the officers should make serious efforts to unearth the black money within the country "which is quite… Read More

ICWAI Central Council resigned

The recently notified cost audit rules as per Companies Act, 2013 has become a matter of sorrow and great concern as the notified rules curtailed the cost accountant's profession scope by increasing the threshold of net worth from 5 crores to 500 crores thereby exempting a large number of manufacturing companies from having cost audit… Read More

Relief provisions for SEZ’s in pipeline with the government

The amid expectations of the Special economic zones with respect to the tax concessions may not have found a way in the Budget but the Government is working on the comprehensive package which is currently in pipeline for the SEZ's for granting various incentive schemes and exemptions to boost the investments, exports and overall economic… Read More

FM takes fizz out of Colas and kicks smokers

The Minister of Finance has taken the fizz out of the Indian Beverage Industry, while his budget proposal of increasing excise duty on aerated drinks with added sugar like Coke, Pepsi initially have been targeted but it seems that this increase would further apply to even the sports drinks and other flavored drinks with sugar… Read More

FDI Highlights in Union Budget 2014-15

The Finance Minister has set himself to uproot the situation of Fiscal Crisis in India and have set out a target to be achieved in the fiscal year 2015 at 4.1%. Further, he has tried to repose the confidence amongst the foreign investors by increasing the FDI limit in some sectors and has also abolished… Read More

Hope for a positive, balanced and sustainable Budget 2014

Industry sentiments have been extremely positive and hopeful from the day the new Government has taken up.The eyes are on the new maiden Budget of Modi's Cabinet Minister Shri Arun Jaitley, as the Prime Minister is seeing this year's budget to be gleaming white. The new government is turning impatient to make a move towards… Read More

Stakeholders expectations rising as Union FM Shri Arun Jaitley to present maiden Budget 2014

The Union Finance Minister Shri Arun Jaitley will present his Budget proposal on Thursday i.e. 10th July, 2014 with an extensive effort to meet the demand of tax sops of the middle class community and to curb the current pursuing fiscal deficit to increase investment and growth. The Budget 2014-15 will be presented by the… Read More

Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) Restoration of Limit

RBI/2014-15/117 A.P. (DIR Series) Circular No.1 July 3, 2014 To All Category I Authorised Dealer Banks Madam/ Sir, Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) Restoration of Limit Attention of the Authorised Dealer (AD - Category I) banks is invited to the provisions of the Notification No. FEMA.120/RB-2004 dated July 7,… Read More