Legal Updates - Corporate Law Reporter

Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes:IBBI

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 … Read More

Amendments in Appendix 4B of Hand Book of Procedures 2015-20 : DGFT

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No.53/2015-2020 NEW DELHI, DATED THE, 17th January, 2018 Subject: Amendments in Appendix 4B of Hand Book of Procedures 2015-20 - req. In exercise of powers conferred… Read More

CBEC introduces e–way Bill System on trial basis from 16th January 2018

Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tel.: +91-11-23092849, Fax: +91-11-23092890 Email: chmn-cbec@nic.in DO.No.02/CH(EC)/2018 … Read More

Interest rates for Small Savings Schemes:RBI

RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small… Read More

Order under section 119 of the Income-tax Act, 1961

Circular No. 01/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of January, 2018 Order under section 119 of the Income-tax Act, 1961 Subject: Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 &… Read More

Prevention of Unauthorised Trading by Stock Brokers : SEBI

CIRCULAR CIR/HO/MIRSD/MIRSD2/CIR/P/2018/ 09 January 11, 2018 To All recognized Stock Exchanges Dear Sir/ Madam, Sub: Prevention of Unauthorised Trading by Stock Brokers 1. SEBI vide circular No. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017 had prescribed guidelines for prevention of unauthorised trading by stock brokers and issued subsequent clarification vide CIR/HO/MIRSD/MIRSD2/CIR/P/2017/124 dated November 30, 2017. 2. SEBI… Read More

Clarification on levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, home stays, printing, legal services

Circular No. 27/01/2018-GST No. 354/107/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit North Block, New Delhi 04th January 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarifications regarding levy of GST on accommodation… Read More

DGFT extends Transition period for registering under the REX for GSP till 30.06.2018

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 51/2015-2020 NEW DELHI, DATED: 09 JANUARY, 2018 Subject: Certificate of Origin of Goods for European Union Generalized System of Preferences (EU-GSP)— Modification of the system as of 1st January, 2017— reg. In exercise of powers conferred under… Read More

EPFO amends the scheme guideline of PMRPY

Telephone: 011- 26163246 Fax: 011- 26175913 Employees' Provident Fund Organisation (Ministry of Labour, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi - 110066 www.epfindia.gov.in/www.epfindia.nic.in (CENTRAL ANALYSIS & INTELLIGENCE UNIT) No. CAIU/011(71)2016/PMRPY/Vol% Date: 09.01.2018 To All Additional Central P.F. Commissioner (Zones), All Regional P.F. Commissioner In-charge of… Read More

Relaxation on levy of MAT for companies against whom an application for corporate insolvency resolution is admitted

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 6th January, 2018 PRESS RELEASE Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code,… Read More

Govt. amends not.50/2017 to exclude petroleum coke from the purview of concessional 5% BCD

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 5th January, 2018 No. 02 / 2018-Customs (N.T.) G.S.R. 13(E).—In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs,… Read More

India -Brazil protocol on avoidance of double taxation amended w.e.f. 6 August 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 4th January, 2018 (INCOME TAX) S.O. 93(E).—Whereas, the Protocol, amending the Convention and the Protocol between the Government of the Republic of India and the Government of the Federative Republic of Brazil for the avoidance of double taxation and the prevention of fiscal evasion with… Read More

SC sends notice to Center and state on non Implementation of Sexual Harassment Act

The Apex Court on Thursday sought response from the Centre and the States on the non- implementation of the law to prevent Sexual Harassment of Women at Workplace. The bench was head by Chief Justice Dipak Misra, M Khanwilkar and DY Chandrachud who issued notices to the several states and Union territories and have asked… Read More