Legal Updates - Corporate Law Reporter

FAQs with regard to Corporate Social Responsibility under Section 135 of the Companies Act, 2013

Section 135 of Companies Act, 2013, Schedule VII of the Act and Companies CSR Policy Rules, 2014 read with General Circular dated 18.06.2014 issued by Ministry of Corporate Affairs, provide the broad contour within which eligible Companies are required to formulate their CSR policies including activities to be undertaken and implement the same in the… Read More

CORRIGENDUM

[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 (CENTRAL BOARD OF DIRECT TAXES) INCOME-TAX CORRIGENDUM New Delhi, the 12th January, 2016 G.S.R. No.21(E).__In the notification of the Government of India in the Ministry of Finance, Department of Revenue(Central Board… Read More

Interpretation of term Place of Removal by Supreme Court

Hon. Supreme Court in the case of Commissioner of Customs & Central Excise v. Ispat Industries Ltd. (2015) 62 taxmann.com 97 (SC) has held that a Place of removal can only be the premises of a manufacturer. As per Sec. 4 of Central Excise Act, 1944 and Rule 2 (qa) of CCR, 2004 "place of… Read More

Exchange Rate Notification with effect from 13th January, 2016 which seeks to amend Notification No. 02/2016-Cus (NT) dt. 07-01-2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 12/2016 - Customs (N.T.) Dated the 12th January, 2016 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following… Read More

Seeks to rescinding Notification No. 09/95-Customs dated 06.03.1995.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) … Read More

THE NEGOTIABLE INSTRUMENTS ACT ORDINANCE, 2015

The Negotiable Instruments Act Ordinance, 2015 is passed by the President on immediate basis whereas it has been passed by the Lok Sabha and is pending in the Rajya Sabha as the parliament is not yet in session. The basic reason as to why this amendment is brought in is to resolve/clarify the jurisdiction issues… Read More

Mandatory requirements / Exit Policy for Commodity Derivatives Exchanges

CIRCULAR CIR/CDMRD/DEA/01/2016 January 11, 2016 To, The Managing Directors / Chief Executive Officers of all Commodity Derivatives Exchanges Dear Sir / Madam, Sub.: Mandatory requirements / Exit Policy for Commodity Derivatives Exchanges 1. In terms of Finance Act, 2015, the associations recognized under the erstwhile Forward Contracts (Regulation) Act, 1952 as on 28th September, 2015… Read More

Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Amendment) Regulations, 2016

GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, January 11, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 11thJanuary, 2016 SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) (AMENDMENT) REGULATIONS, 2016 No.SEBI/LAD-NRO/GN/2015-16/29.-In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act,… Read More

Nokia C6 Contract: A High-tech Phone Now With Cheap cheap Deals.

See how technology makes working and living easier with new developments. Any improvement in the sense that field shortens, space, volume, improves speed and productivity, and simplifies work. The coming of the computer has achieved this. A ton of data have been once kept in huge volumes of files, shelves and cabinets have come to… Read More

EPFO removes 5-day grace period for employer contributions

NEW DELHI: Retirement fund body EPFO has removed the grace period of five days given to employers to deposit the provident fund (PF) contribution. Earlier, employers paid the PF contributions and administrative charges within 15 days of close of every month and had a grace period of five days. The grace period was to remit… Read More

Changes in the APAR format for the Assessing Officers

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8 th January, 2016 Subject: Changes in the APAR format for the Assessing Officers-regarding-. The Income Tax Department is committed to the objective of timely delivery of quality taxpayer services in a fair and transparent environment. The… Read More

Rate of exchange of conversion of the foreign currency with effect from 8th January, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 02/2016 - Customs (N.T.) Dated the 07th January, 2016 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of… Read More

Shut law colleges which lack infra : CJI to BCI

Chief Justice of India T S Thakur today asked the Bar Council of India (BCI), the apex body of lawyers, to crack the whip on law colleges which lack appropriate infrastructure by shutting them down. "There are law colleges where you may not have faculty, no library or where attendance will not be marked. I… Read More