Legal Updates - Corporate Law Reporter

India: Financial Sector Assessment Program 2017

Dec 21, 2017 … Read More

CBEC relaxes requirement for mandatory e-sealing till 1st March 2017

Circular No. 5V 2017 -Customs F.No:450/08/2015-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Room No. 227-B, North Block , New Delhi , 21st December ,2017 To, All Principal Chief Commissioners of Customs /Customs(Prev.). All Chief Commissioners of Customs / Customs (Prev.). All Principal Commissioners of Customs/Customs (Prev.).… Read More

SEBI issues circular on Exemption application under Regulation 11 (1) of SEBI Takeover Code

CIRCULAR SEBI/HO/CFD/DCR1/CIR/P/2017/131 December 22,… Read More

CBDT issues Income –tax (25th Amendment) Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th December, 2017 G.S.R. 1527(E).—In exercise of the powers conferred by section 282 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the… Read More

RBI Clarification on Banks under Prompt Corrective Action

The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about closure of some Public Sector Banks in the wake of their being placed under the Prompt Corrective Action (PCA) framework. In this context attention is drawn to the press release issued on June 5, 2017,… Read More

RBI releases Report on Trend and Progress of Banking in India 2016-17

The Reserve Bank of India today released the statutory Report on Trend and Progress of Banking in India 2016-17. This Report presents the performance and salient policy measures relating to the banking sector during 2016-17. The Report also provides an analysis of the co-operative banks and non-banking financial institutions. The highlights of the Report are set… Read More

RBI advice agency banks to follow guidelines /instructions issued by government

RBI/2017-18/111 DGBA.GBD/1616/15.02.005/2017-18 December 21, 2017 All Agency Banks Dear Sir / Madam, Prompt implementation of Governments’ instructions by agency banks It is brought to our notice that some agency banks are not adhering to instructions/ notifications issued by Government (Central as well as States) promptly by stating that further communications have not been received by… Read More

Govt. extends anti-dumping duty on Phthalic Anhydride exported from Korea RP, Chinese Taipei and Israel

[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) Notification No.56/2017-Customs (ADD) New Delhi, the 21st December, 2017 G.S.R.-(E). -Whereas, the designated authority vide notification No. 7/19/2017-DGAD, dated the 11th December, 2017, published in the Gazette of India, Extraordinary, Part… Read More

MCA notifies Companies (cost records and audit) second Amendment Rules, 2017

[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, the 20th December 2017 G.S.R................. (E).- In exercise of the powers conferred by sub-sections-(1) and (2) of section +OS anO section 148 ofthe Companies Act, 2013 (18 of 2013) (hereinafter… Read More

Exchange Rates Notification No.118/2017-Custom(NT) dated 21.12.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.118/2017 - Customs (N.T.) New Delhi, dated the 21st December, 2017 30 Agrahayana 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of… Read More

Rate of exchange for ‘South African Rand’ revised w.e.f. 20th December, 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.117/2017 - Customs (N.T.) Dated the 19 December, 2017 28 Agrahayana, 1939 (SAKA) 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… Read More

SEBI Circular: Investments by FPIs in Government Securities

CIRCULAR IMD/FPIC/CIR/P/2017/129 December 20, 2017 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government Securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for… Read More

Disclosure of holding of specified securities and Holding of specified securities in dematerialized form

CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2017/128 December 19, 2017 To, All the Recognized Stock Exchanges All Depositories Dear Sir/Madam, Sub: Disclosure of holding of specified securities and Holding of specified securities in dematerialized form. 1. This circular is in continuation to Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, prescribing the manner of representation of holding of specified securities. 2.… Read More