Legal Updates - Corporate Law Reporter

SEBI notifies Stock Brokers and Sub-Brokers Amendment Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th March, 2018 Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2018 No. SEBI/LAD-NRO/GN/2018/03.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations… Read More

Agency commission payable to banks for operating Special Deposit Scheme :RBI

RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that… Read More

SEBI (Mutual Funds) (Amendment) Regulations, 2018 notified

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th March, 2018 Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulation, 2018 No. SEBI/LAD-NRO/GN/2018/02.—In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of… Read More

RBI notification on submission of returns by the government-owned NBFC

RBI/2017-18/141 DNBS.PD.CC.No.1925/66.08.001/2017-18 March 15, 2018 To All Government-Owned Non-Banking Financial Companies (NBFCs) Madam/ Sir, Submission of returns by the Government-owned Non-Banking Financial Companies In exercise of the powers conferred by sections 45JA, 45K and 45L of the Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), it has been decided to… Read More

CBDT amends Income Tax NoT No. 49/2015 dt. 22nd June, 2015 with retrospective effect

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 13th March, 2018 G.S.R. 221(E).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby amends the notification of the Ministry of Finance (Department of Revenue), number… Read More

RBI discontinues issue of LoUs /LoCs for Trade Credits

RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 March 13, 2018 All Authorised Dealer Category – I Banks Madam/ Sir Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to paragraph 2 of A.P. (DIR Series) Circular No.… Read More

SEBI issues clarification in respect of investment by certain Category II FPIs

CIRCULAR CIR/IMD/FPIC/47/2018 March 13, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. All Recognized Stock Exchanges 3. The Depositories (NSDL and CDSL) Sir/ Madam, Subject: Clarifications in respect of investment by certain Category II FPIs I. This is in reference to SEBI circular No. CIR/IMD/FPIC/… Read More

RBI issues directions on Hedging of Commodity Price Risk and Freight Risk in Overseas Markets

RBI/2017-18/138 A.P. (DIR Series) Circular No. 19 March 12, 2018 To All Category - I Authorised Dealer Banks Madam / Sir, Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to regulation 6 and 6A of the Foreign… Read More

Govt. imposes anti-dumping duty on imports of ‘O-Acid’ originating in or exported from China PR

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REx`VENUE) NOTIFICATION No. 6/2018-Customs (ADD) New Delhi, the 12th March, 2018 G.S.R. (E). – Whereas, in the matter of import of ‘O-Acid’ (hereinafter referred to as the subject goods), falling under Chapter… Read More

Implemetation of Basel III capital regulations :RBI

Ministry of Finance Reserve Bank of India (RBI) has informed that the Basel III capital regulations has been implemented from April 1, 2013 in India in phases, for full implementation by March 31, 2019. Norms/guidelines regarding the capital required to be maintained by banks in India including the Basel III capital regulations, are issued by… Read More

Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 8th March, 2018 G.S.R. 213(E) .– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of… Read More

SEBI issues circular on Separate limit of Interest Rate Futures for FPIs

CIRCULAR IMD/FPIC/CIR/P/2018/46 March 08, 2018 To, 1. All Foreign Portfolio Investors (through their designated Custodians of Securities) 2. The Depositories (NSDL and CDSL) 3. The Recognized Stock Exchanges Dear Sir / Madam, Sub: Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs) 1. Reserve Bank of India, in its Statement on Developmental… Read More

DGFT amends Para 2.17 of the Foreign Trade Policy 2015-20

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan Notification No. 52/2015-20 New Delhi, Dated: 7 March 2018 Subject: Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on “Prohibition on direct or indirect import and export from/to DPRK (Democratic People’s Republic of Korea) in terms of UNSC… Read More