Legal Updates - Corporate Law Reporter

Tax incentives for International Financial Services centre

Tax incentives for International Financial Services centre Transfer of derivatives and certain securities by non-residents exempted from capital gains tax Non-corporate taxpayers operating in IFSC to be charged alternate minimum tax at concessional rate of 9% at par with minimum alternate tax applicable for Corporates In order to promote trade in stock exchanges located in… Read More

SEBI to consider mandating corporates to meet one-fourth financing from bond market

Government will reform stamp duty regime on financial securities transactions A unified authority to be established for regulating all financial services in IFSCS in india The Finance Minister Shri Arun Jaitley has said that his Ministry will leverage the India Infrastructure Finance Corporation Limited (IIFCL) to help finance major infrastructure projects, including investments in educational… Read More

Amendments in the Income-Tax Act proposed to notify a new scheme for assessment in electronic mode

E-assessment to be rolled-out across the country to transform age-old assessment procedure In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment. Shri Jaitley said the assessment will be done in electronic… Read More

Highlights of Budget 2018-19

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA HIGHLIGHTS OF BUDGET 2018-19 New Delhi, 01 th February, 2018 12 Magha, 1939 Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors. Government says, a series of structural reforms will propel… Read More

SEBI circular on Online Registration Mechanism and Filing System for Stock Exchanges

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2018/14 January 29, 2018 To, All Recognised Stock Exchanges Dear Sir / Madam, Subject: Online Registration Mechanism and Filing System for Stock Exchanges 1. In order to ease the process of application for recognition / renewal, reporting and other filings in terms of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012… Read More

EXIT ORDER IN RESPECT OF INDIA PEPPER AND SPICE TRADE ASSOCIATION, KOCHI

Jan 29, 2018 PR No.: 4/2018 EXIT ORDER IN RESPECT OF INDIA PEPPER AND SPICE TRADE ASSOCIATION, KOCHI Whole Time Member, SEBI, has passed an Order on January 10, 2018 providing exit to M/s. India Pepper and Spice Trade Association, Kochi (IPSTA). IPSTA is the fifth Commodity Derivatives… Read More

Online Registration Mechanism and Filing System for Depositories: SEBI

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2018/13 January 29, 2018 To, All Recognised Depositories Dear Sir / Madam, Subject: Online Registration Mechanism and Filing System for Depositories 1. In order to ease the process of application for recognition / renewal, reporting and other filings in terms of Securities and Exchange Board of India(Depositories and Participants) Regulations, 1996 and other circulars… Read More

Zero fee for Incorporation :MCA

[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, 20th January, 2018 G.S.R.....(E)-ln. exercise of the powers conferred by sections 396,398,399,403 and 404 read with sub-sections (1) and (2) of section 469 of the companies Act, 2013 [18… Read More

Companies (Incorporation) Amendment Rules, 2018 notified

[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 20th January 2018 G.S.R… (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More

Companies (Appointment and Qualification of Directors) Amendment Rules, 2018

[To be published in the Gazette of India, Extraordinary, part ll, section 3, sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 26th January, 2019 G.S.R... (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the companies Act, 2013 (18 of 2013), the central Government… Read More

MCA notifies Sec. 1&4 of the Companies (Amendment) Act w.e.f 26 January 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd January, 2018 S.O. 351(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 26th January, 2018 as the date on which the provisions of section 1 and section 4… Read More

Corrigendum to Public Notice No. 53/2015-2020 dated 17.01.2018: DGFT

(TO BE PUBLISHED IN THE GAZETIE OF INDIA EXTRAORDINARY PART-I SECTION-I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE CORRIGENDUM New Delhi, the 24th January, 2018 Subject: Corrigendum to Public Notice No. 53/2015-2020 dated 17.01.2018. In the Public Notice No. 53/2015-2020 dated 17.01.2018, the name of the… Read More

DGFT permits M/s National Fertilizer Limited (NFL) to import urea till 26.02.2018

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No. 46/2015-2020 Dated the, 24 January, 2018 Subject: Amendment in import policy condition of Urea under ITC (HS) code 3102 10 00 of Chapter 31 of ITC (HS), 2017 — Schedule — I (Import Policy). S.O. (E): In exercise of… Read More