Others - Corporate Law Reporter

Government to go in for a Stand-Alone Central Legislation to Curb any Dishonest Activity in Sports

The Government is in the process of framing a Stand-alone Central legislation to check any activity of dishonest practice, match fixing/ spot fixing in sporting events. Announcing this while addressing the Media here today, Shri Kapil Sibal, Minister of Law & Justice, said that this process has been initiated as the Attorney General for India… Read More

Assocham Seminar on Due Diligence – Participation Fee reduced – For CLR Patrons only

ASSOCHAM Presents National Seminar on Due Diligence -Key to Successful Business Deals- Friday, 7th June, 2013 @ Le Meridian, New Delhi For acquiring companies, due diligence is a critical process that cannot be overlooked. Due diligence not only nets the hard data you need to assess potential financial, legal, and regulatory exposures, but also gives insights… Read More

UIDAI launches Aadhaar based Iris Authentication

Developing on its vision of Empowering residents of India with a unique identity and a digital platform to authenticate anytime, anywhere, the Unique Identification Authority of India (UIDAI) today unveiled three new Aadhaar-Enabled Services and announced the establishment of first set of permanent enrolment centres (Aadhaar Kendras). The services that were launched today are Authentication services using Iris,… Read More

Prime Minister Lays the Foundation Stone of Indian National Defence University

ThePrime MinisterDr.Manmohan Singh today in an impressive function laid the foundation stone for the Indian National Defence University (INDU) at Binola, Gurgaon in Haryana. The event was attended among others by the Governor of Haryana Shri JagannathPahadia, Defence Minister Shri AK Antony, Minister of External Affairs Shri Salman Khurshid, Minister of Social Justice and EmpowermentMs.SeljaKumari,… Read More

Uttarakhand Plan for 2013-14 Finalized

The Annual Plan for the year 2013-14 for the state of Uttarakhand was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Uttarakhand, Mr. Vijay Bahuguna. The plan size has been agreed at Rs. 8,500 crore. In his comments on the plan performance of the… Read More

FM Speak :: Inflation Showing Downward Trend While Foreign Inflows Are Copious

Issue of Quantitative Easing in USA, China and Japan has no Relevance at all To the Situation in India; Inflation Showing Downward Trend While Foreign Inflows Are Copious; No Need for any kind of Nervousness; Oil Subsidy Bill for this year not to Exceed Rs.80,000 Crore: FM The Union Finance Minister Shri P.Chidambaram said that… Read More

Shri Shashi Kant Sharma Takes Over as CAG of India

Shri Shashi Kant Sharma assumed the office of Comptroller and Auditor General of India here today. He took over this office after the President of India, Shri Pranab Mukherjee administered him the oath of office and secrecy. He belongs to the 1976 batch of Indian Administrative Service (Bihar Cadre). Shri Sharma was welcomed in the… Read More

CCI advises Security Agencies to adhere to approved timelines for grant of security clearances

The Cabinet Committee on Investment today directed various security agencies to adhere to the timeline of 12 weeks already approved by the Cabinet Committee on Security, for grant of security clearances for port infrastructure improvement projects. In the year 2012-13, 32 projects were awarded resulting in capacity addition of 136.75 MTPA and involving an investment… Read More

Cabinet Committee on Investment resolves bottlenecks in road development sector

The Cabinet Committee on Investment was informed today that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project (NHDP) have now been removed as a result of the efforts made by the Ministry. Other unresolved issues fall in the domain of other… Read More

Government Takes Action for Complying with New Standards for Import of Bulk Drugs into EU

The Government of India has demonstrated its keenness to meet international requirements for exports of pharmaceutical products yet again by taking timely action for complying with the new procedural requirements of the European Union (EU) for import of Active Pharmaceutical Ingredients (APIs) into the EU. APIs are commonly referred to as bulk drugs in the… Read More

Bigger Exporters Eligible for Market Development Assistance – Govt moots Aggressive Export Promotion

In a major push to market development in Latin America, Government has removed the upper ceiling of with regard to eligibility for Market Development Assistance (MDA) for participation in Buyer-seller Mission BSMs/fairs/exhibitions abroad to explore new markets in focus countries of Latin America for export of their specific product(s) and commodities from India in the… Read More

SC quashes ICAI™s Appeal on ceiling on number of tax audits

SUPREME COURT OF INDIA RECORD OF PROCEEDINGS CIVIL APPEAL NO(s). 7208-7209 OF 2005 INST.OF CHARTERED ACCOUNTANTSOF INDIA VERSUS K. BHAGAVATHEESWARAN & ANR. (With office report) Date: 01/04/2013 These Appeals were called on for hearing today. CORAM : HON™BLE DR. JUSTICE B.S. CHAUHAN HON™BLE MR. JUSTICE FAKKIR MOHAMED IBRAHIM KALIFULLA For Appellant(s) Mr. N.K. Poddar,Sr.Adv. Mr. Pramod Dayal, Adv. Mr. Nikunj Dayal,Adv.… Read More

Customs Tariff Notification – Amendments – Insertion of entries

[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. 30/2013-Customs New Delhi, the 21st May, 2013 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the Central… Read More