Legal Update - Corporate Law Reporter

Companies (Acceptance of Deposits), Amendment Rules, 2019

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 22 January,2019, G.s.R. _ (E). - In exercise of the powers conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section… Read More

Companies (furnishing of Information about Payment to micro and small enterprise suppliers) Order, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 S.O. 368(E).—Whereas, the Central Government vide notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five… Read More

NCLT Amendment Rules, 2019 Dated 15.01.2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th January, 2019 G.S.R.29(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the National Company Law Tribunal Rules, 2016, namely:- 1. (1)… Read More

Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 – Dated December 31, 2018

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, December 31, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 31st of December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA … Read More

Central Goods and Services Tax (Sixth Amendment) Rules, 2018 notified

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 19th June, 2018 No. 28/2018 - Central Tax G.S.R. 574(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules… Read More

GST leads to Formalization of Economy and Widening of Tax Base

Governmnent of India Ministry of Finance 18 JUN 2018 Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre had little data on small manufacturers and consumption… Read More

SEBI constitutes Group to review Institutional Trading Platform (ITP) framework to facilitate the listing of start ups

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR Jun 12, 2018 PR No.: 17/2018 SEBI has constituted a group to look into the existing Institutional Trading Platform (ITP) framework and suggest measures to facilitate listing of startups. SEBI had put in place the ITP framework in 2015 with a view to facilitating listing of new age companies in… Read More

RBI releases operational guidlines for payment of interest to DEA fund

RBI/2017-2018/191 DBR.DEA Fund Cell.BCNo.110/30.01.002/2017-18 June 07, 2018 The Managing Director & CEO/ Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Small Finance Banks/Payment Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund… Read More

External Commercial Borrowings (ECBs) – Monthly reporting through ECB 2 Return

RBI/2017-18/193 A. P. (DIR Series) Circular No. 29 June 7, 2018 To All Category I Authorised Dealer Banks Madam / Dear Sir External Commercial Borrowings (ECBs) – Monthly reporting through ECB 2 Return Attention of Authorized Dealer Category I (AD Category I) banks is invited to Annex III of Part V of Master Direction No.18/2015-16 dated… Read More

Task Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies

The Task Force on Shell Companies has met 8 times since its constitution and has taken pro-active and coordinated steps to check the menace of shell companies. The ‘Task Force’ was set up in February, 2017 by the Prime Minister’s Office under the joint Chairmanship of the Revenue Secretary and Secretary, MCA with a mandate to… Read More

Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018

With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and reduce tax evasion, a new reward scheme titled “Income Tax Informants Reward Scheme, 2018” has been issued by the Income Tax Department, superseding the earlier reward scheme issued in 2007. Under the revised scheme, a person… Read More

CBIC rolls out e-Way Bill system in Chhattisgarh, Goa, J&K, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal

Government of India Ministry of Finance 31 MAY 2018 As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on 30th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal… Read More

Govt. notifies NACIN as the authority for conducting the examination for GST Practitioners under CGST Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 28th May, 2018 No. 24 /2018–Central Tax G.S.R. 503(E).—In exercise of the powers conferred by section 48 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (3) of rule 83 of the… Read More