Legal Updates - Corporate Law Reporter

Corrigendum – Appointment of IT Application Development Agency For ‘Start Up India, Stand-Up India’ For Department Of Industrial Policy And Promotion

No. 10(59)/2015-BE.I Government of India Ministry of Commerce and Industry Department of Industrial Policy and Promotion BE-I Section New Delhi, the 14th January, 2016 Corrigendum This is with reference to RFP document for appointment of IT application development agency for 'Startup India, Standus India for Department of Industrial Policy and Promotion uploaded on website: http://eprocure.gov.in… Read More

Revised Position Limits for Currency Derivatives Contracts

CIRCULAR CIR/MRD/DP/02/2016 January 15, 2016 To All Stock Exchanges. Dear Sir / Madam, Subject: Revised Position Limits for Currency Derivatives Contracts With a view to maintain orderly conditions in the domestic foreign exchange market and based on the recommendation from RBI, it has been decided to enhance the gross open position limits for bank stock… Read More

Reduction in Daily Price Limits& Near month Position Limits for Agricultural Commodity Derivatives and Suspension of Forward Segment

CIRCULAR CIR/CDMRD/DMP/2/2016 January 15, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub.: Reduction in Daily Price Limits& Near month Position Limits for Agricultural Commodity Derivatives and Suspension of Forward Segment 1. With aviewto curb the speculative participation and consequent volatility in prices of agricultural commodities derivatives,… Read More

Start Up India Action Plan

What if your idea is not just an idea? What if it sees light? What if it’s really born? What if you can get someone to believe in it? And help you nurture it? What if you can set a clear path for it? What if it can actually travel? What if it grows and… Read More

Quality Management System in Income Tax Department, CPC, Bengaluru receives ISO 9001 Certification

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 18th January, 2016 Subject: Quality Management System in Income Tax Department, CPC, Bengaluru receives ISO 9001 Certification-regarding The flagship project of Income Tax Department for processing of tax returns, Centralized Processing Centre (CPC) Bengaluru, has been awarded… Read More

Guidance Note on SS-1 (Secretarial Standard -1) Meetings of the Board of Directors by ICSI

The “Secretarial Standard on Meetings of the Board of Directors” (SS-1), formulated by the Secretarial Standards Board of the Institute of Company Secretaries of India (ICSI) and issued by the Council of the ICSI, has been approved by the Central Government. Adherence to SS-1 is mandatory in terms of sub–section (10) of Section 118 of… Read More

Guidance Note on General Meetings SS-2 (Secretarial Standard -2) by ICSI

The “Secretarial Standard on General Meetings (SS-2)”, formulated by the Secretarial Standards Board (SSB) of the Institute of Company Secretaries of India (ICSI) and issued by the Council of the ICSI, has been approved by the Central Government. Adherence to this Secretarial Standard is mandatory in accordance with Section 118(10) of the Companies Act, 2013… Read More

Commencement of sub-sections (5), (6) and (7) of section 125 of Companies Act, 2013

[To be published in the Gazette of India, Extraordinary Part II, Section 3, Sub-section (ii)] Government of India Ministry of corporate Affairs Notification New Delhi, the 13th January, 2016 S.O. (E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the central Government hereby appoints… Read More

The Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding meetings and provision for offices and officers) Rules. 2016

In exercise of the powers conferred by sub-sections (5), (6) and (7) of section 125 read with section 469 of the Companies Act (18 of 2013), the Central Government hereby makes the following rules namely:- l. Short title, extent and commencement. 2. Definitions. 3. Establishment of the Authority. 4. Composition of the Authority. 5. Chairperson… Read More

Section 23 of Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy – Off Site ATMs

RBI/2015-16/288 DBR.No.BAPD.BC.72/22.01.001/2015-16 January 14, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Section 23 of Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy - Off Site ATMs Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at… Read More

Internet Marketing Strategies That Bring You Traffic And Profits

Yet no sales. If no other person is selling something is actually probably a very good reason why. Can rather acquire a small joint of a huge pie and even entire empty pie plate? Advertising is another ways to Make Money Online. But here, I'm not much of going request you write an advertisement to… Read More

MCA Portal will not be available from 08:00AM to 06:00PM on Saturday, 16th Jan 2016

All our stakeholders are requested to note that services on the www.mca.gov.in portal will not be available from 08:00AM to 06:00PM on Saturday, 16th Jan 2016 due to periodic maintenance activities. While in the past, such activities may have been carried out after office hours, this time the maintenance activities are required to be carried… Read More

Direct Benefit Transfer (DBT) Scheme – Seeding of Aadhaar in Bank Accounts – Clarification

RBI/2015-16/289 FIDD.CO.LBS.BC. No.17/02.01.001/2015-16 January 14, 2016 The Chairman and Managing Director Scheduled Commercial Banks including RRBs Dear Sir/Madam, Direct Benefit Transfer (DBT) Scheme – Seeding of Aadhaar in Bank Accounts – Clarification Please refer to circular RPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013 regarding the use of Aadhaar to facilitate delivery of social welfare benefits by direct credit… Read More