Legal Updates - Corporate Law Reporter

Online Filing of Monthly Returns by the Exempted Establishments and Specified Timeline :EPFO

FOR WEB CIRCULATION ONLY Employees’ Provident Fund Organization (Ministry of Labour, Govt. Of India) Bhavishya Nidhi Bhawan, 14- BhikajiCama Place, New Delhi – 110066 www.epfindia.gov.in, www.epfindia.nic.in No. C-Ex/Ex – Return/2013/Vol. II/15920 Date: 19 DEC 2017 To All Addl. Central P.F. Commissioner (Zones), All Regional P.F. Commissioner/OIC of Regional Offices, Subject: Online Filing of Monthly Returns by the Exempted Establishments and Specified Timeline… Read More

Submission of Financial Information to Information Utilities

RBI/2017-18/110 DBR.No.Leg.BC.98/09.08.019/2017-18 December 19, 2017 All Scheduled Commercial Banks (Including RRBs), Small Finance Banks, Local Area Banks, All Co-operative Banks, All NBFCs and All India Financial Institutions Dear Sir/Madam Submission of Financial Information to Information Utilities According to Section 215 of Insolvency and Bankruptcy Code (IBC), 2016, a financial creditor shall submit financial information and… Read More

MCA invites Public Comments on Code/Regulations/Rules under Insolvency and Bankruptcy Code, 2016

Government of India Ministry of Corporate Affairs Insolvency Section Dated: 12.12.2017 Public Notice Government has constituted the Insolvency Law Committee under the Chairmanship of Secretary, Ministry of Corporate Affairs vide order dated 16.11.2017 to take stock of the functioning and implementation of the code, Identify the Issues that may impact the efficiency of the … Read More

MCA to Introduce Condonation of delay scheme 2018 for disqualified directors

General Circular No. ………… /2017* File No.02/04//2017 Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi-110 001. Dated ……….2017 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay Scheme, 2018 Whereas, companies registered under the Companies Act, 2013 (or its predecessor Act) are inter-alia required… Read More

Refund/ Claim of Countervailing Duty as Duty Drawback

OFFICE OF COMMISSIONER OF CUSTOMS NS-II & IV JAWAHAR LAL NEHRU CUSTOM HOUSE, NHAVA SHEVA TAL: URAN, DIST. RAIGAD, MAHARASHTRA-400707 F.No.S/12-Gen-82/2015-16 AM(X) Date: 18.12.2017 PUBLIC NOTICE NO. 158/2017 SUB : Refund/ Claim of Countervailing Duty as Duty Drawback –reg. ******** Attention of the Exporters, Custom Brokers and all concerned are invited to the BoardCircular No. 49/2017-Customs dated… Read More

Sale of goods and display of prices at duty free shops to be in Indian currency

Circular No. 50/2017-Customs F. No: 473/07/2017-LC Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************ North Block, New Delhi Dated 18th December 2017 To, The Principal Chief Commissioners/Chief Commissioners/ The Principal Commissioners/Commissioners of Customs Subject:- Sale of goods and display of prices at duty free shops in Indian… Read More

Companies Amendment Billl 2017 passed by Rajya Sabha

Companies Amendment Bill 2017 was passed by Rajya Sabha on 19.12.2017 in its winter session while the bill was passed by Lok Sabha on 27.07.2017 in its monsoon session. This Bill aims to provide for more than 92 amendments in the Companies Act, 2013 which includes Amendment of Existing Sections, Insertion of New Sections, Substitution of… Read More

Procedure for execution / monitoring of “No Use Bond” in respect of clearance of Import

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III), MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707 F. No. S/22-Gen-402/2017-18/ AM (I)/JNCH Dated: 15.12.2017 PUBLIC NOTICE NO. 156/2017 Subject: - Procedure for execution / monitoring of “No Use Bond” in respect of clearance of import FCL containers involving NOC from Participating Government… Read More

Govt. amends notification no 40/2012-Cus (N.T.) dt 02.05.2012

Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Notification No. 115/2017-Customs (N.T.) New Delhi, the 14 December. 2017 S.O. (E). — In exercise of the powers conferred by clause (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs… Read More

Govt. increases import tariff rate on specified electronic goods under Customs Tariff Act

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 91/2017–Customs New Delhi, the 14th December, 2017 G.S.R. (E).- WHEREAS the Central Government on being satisfied that the import duty leviable on certain goods and parts thereof, falling under chapters 85, 90 and 94 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975),… Read More

CBEC amends notification No. 50/2017-Customs to prescribe effective rate of BCD on various goods

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 92/2017-Customs G.S.R. 1515 (E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government being satisfied that it… Read More

Customs (Furnishing of Information) Rules, 2017 to be effective from 1st Jan 2018

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 14th December, 2017 No. 114/2017-Customs (N.T.) G.S.R. 1512(E).—In exercise of the powers conferred by sections 108A read with section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules, namely:— 1. Short… Read More

RBI circular on Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions

RBI/2017-18/109 DCBR.BPD.(PCB/RCB).Cir.No.06/12.05.001/2017-18 December 14, 2017 The Chief Executive Officer All Primary (Urban) Co-operative Banks/ All State Co-operative Banks/ All District Central Co-operative Banks Madam / Dear Sir, Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions Please refer to our circular UBD.BSD.I/PCB/No.45/12.05.00/2001-02 dated May 30, 2002 and para 13… Read More