Others - Corporate Law Reporter

Change in Policy Gives Fillip to MRO Industry

Maintenance, Repair and Overhaul (MRO) industry will now be considered as part of the sub-sector of airport in the transport sector infrastructure for the purpose of External Commercial Borrowings (ECBs) in accordance with a policy change announced by RBI Circular No. 85 dated January 6, 2014. Consequently, the MRO industry which is a nascent vertical… Read More

Corporate Law Reporter wishes all its patrons a Very Happy New Year 2014

Merry Christmas to all our Patrons – Team @ Corporate Law Reporter

Government Approves one Proposal of Foreign Direct Investment

Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign Direct Investment (FDI) amounting to Rs. 31.92 crore approximately. Following one (1) proposal has been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. in crore) 1… Read More

The State Capitalism

By: Om Prakash Dani, Member Executive Committee, Sri Aurobindo Society, Puducherry & Vice Chairman, Sri Aurobindo Foundation for Integral Management, Past President, The Institute of Company Secretaries of India and M. S. Srinivasan, Research Associate, Sri Aurobindo Society, Puducherry A new Avatar of capitalism has emerged in the horizon. Recently, the well-known British magazine, Economist, brought… Read More

Complete Switchover to Online Mode for Registration and Enrolment at ICSI from 1.1.2014

The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, has decided to move fully to the online registration from 1st January 2014. Earlier, the Institute had moved to online enrolment for examination from 1st October 2013. So, from 01.01.2014 these two services i.e. ˜enrolment for examination™… Read More

A Clarion Call to BPOs in india

Introduction: Business Process Outsourcing is the transfer of non- core business activities of a particular entity to another entity, which has as its core-business the business outsourced. The different kinds of services offered by BPO's include Customer Support, Technical Support, Telemarketing, Insurance Processing, Data Processing, Internet / Online / Web Research and so on. There… Read More

The Relevance of an Apostille

The Hague Convention Abolishing the Requirement for Legalisation for Foreign Public Documents, or the Apostille convention is an international treaty drafted by the Hague Conference on Private International Law(HCCH). It specifies the modalities through which a document issued in one of the signatory countries can be certified for legal purposes in all the other signatory… Read More

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 An Analogous study

In the last few years the Government of India has taken many steps in order to strengthen the Transfer Pricing (Taxation) regime in India. A series of amendment has been introduced in order to enhance the ambit of tax base and consequent increase in the revenue. The latest step in this direction was the extension… Read More

Government approves 20 FDI proposals of more than Rs 900 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on October 24, 2013, the Government of India has approved 20 proposals of Foreign Direct Investment (FDI) amounting to Rs. 915.83 crore approximately. In addition, one proposal viz., M/s Federal Bank Ltd., Kerala, amounting to Rs. 1400.00 crore has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 24.10.2013 Following Twenty (20) proposals have been… Read More

All India Roll Out of Risk Management System (RMS) for Export

Finance Minister Shri P. Chidambaram today inaugurated the All India rollout of an IT based Risk Management System (RMS) for the Customs clearance of export goods in the presence of representatives from the trade and industry at New Delhi. Speaking on the occasion Finance Minister said that RMS is a trust based IT system that… Read More

Exposure Draft on Insurance Clearing House

The Authority had observed that the inter-company balances in reinsurance and coinsurance business are at a very high level and have been on a constant rise. In order to ensure timely and effective reconciliation of these balances and also to achieve transparency and for timely and efficient accounting and settlement of these balances, the Authority… Read More

National Identification Authority of India Bill, 2013 to be introduced in the winter session of Parliament

So far, about 47 crore 85 lakh Aadhaars have been issued and the enrollment process is in full swing to meet the target. Enroll for Aadhaar is done at designated centres only and appointment for the same can be obtained online at the following link https://appointments.uidai.gov.in/easearch.aspx. However, for actual enrollment process, physical presence of the resident is a must. It is also clarified that certain… Read More