Others - Corporate Law Reporter

Two-Tier Boards in Indian Corporations? An analysis

Corporate governance practices are in a continuous state of evolution, particularly in a developing economy such as India. It is argued that corporate governance practices in India are an imperfect emulation of western practices, particularly of the Cadbury Committee Report, and subsequently, the UK Corporate Governance Code and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley).… Read More

Notification relating to effective date of provisions of section 135 and Schedule VII of Companies Act, 2013

1st April, 2014 has been appointed as the effective date of the provisions of Section 135 related to Corporate Social Responsibility Read More

Note on New Procedure in Maharashtra for CST Forms

Sales Tax Department has changed the procedure for application of Declaration Forms w.e.f 01.02.2014 vide Circular No.4T of 2014 From M B Abhyankar mbabhyankar@gmail.com Existing Procedure for online applications upto 31.01.2014 Upto 31.01.14, the e-application form was simple and the dealer had to provide basic information such as TIN no. and Name of the dealer… Read More

Increase in FDI in Pharmaceutical Sector

The Foreign Direct Investment (FDI) in pharmaceutical sector jumped by 86.42% from US $ 580.32 million during April-October 2012 to US $ 1081.81 million during the corresponding period April-October, 2013. Out of this, FDI inflow under FIPB approval/ acquisition route during the period April-October, 2012 and April-October, 2013 is US$ 134.62 Million and US$ 1073.67… Read More

Liberalizing FDI Policy

Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains an attractive investment destination. In a recent review of the policy,… Read More

Cabinet Approves Amendment to Rights of Persons with Disabilities Bill 2014

The Cabinet on 6 February, 2014 approved the proposal of the Department of Disability Affairs to incorporate amendments in the proposed Rights of the Persons with Disabilities Bill, 2014, which are:- Definition of person with disability in terms of interaction with barriers also; High support needs person enabled to take independent and inform decision also;… Read More

Bhartiya Mahila Bank

Bharatiya Mahila Bank (BMB) as part of its initial expansion plan has requested the Finance Secretaries of 17 State Governments, inter-alia, to consider allotting space for setting up of branches of the bank in State Government buildings or State Corporation buildings at a token lease of Rs.1. BMB has received response only from two States… Read More

Sexual Harassment Act – Reported incidents’ data

The National Crime Records Bureau (NCRB) does not maintain data exclusively on sexual harassment at workplaces. However, the State/UT wise data of complaints registered with National Commission for Women (NCW) for sexual harassment of women at work places during the last three years and the current year is as given below. State 2010 2011 2012 2013 (as… Read More

Incentives to Industries to Boost The Economic Growth

The Ministry has taken a number of measures to boost the industrial growth of the country. These, inter-alia, include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, conceptualisation of Amritsar Kolkata Industrial Corridor (AKIC), launching of the e-biz… Read More

Foreign Investment Proposals cleared by FIPB

The Foreign Investment Promotion Board (FIPB) has approved about 76 proposals since the inception of the Foreign Direct Investment (FDI) policy on the retail sector, from February, 2006 and upto December, 2013. The major sectors, other than retail, in which the Foreign Investment Promotion Board (FIPB) has granted approvals so far are defence, broadcasting, print… Read More

Why is Recent Food Inflation in India so Persistent?

- Speech delivered by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the St. Xavier™s College, Mumbai on 13th January 2014 It is an honour for me to deliver this year's Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity.… Read More

Sectoral Deployment of Bank Credit December 2013

Data for the month of December 2013 on sectoral deployment of credit collected from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics… Read More

Liquidity Adjustment Facility- Reverse Repo

RBI/2013-14/451 FMD.MOAG. No.95/01.01.001/2013-14 January 17, 2014 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility- Reverse Repo Based on the feedback received from the market participants, it has been decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now… Read More