Legal Updates - Corporate Law Reporter

Govt. appoints Judicial members in NCLAT

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th December, 2017 S.O. 3863 (E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 read with Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2017, the Central Government hereby appoints Justice (Retd.) Shri… Read More

Settlement of claims in EPFO: Submit original cancelled cheque with offline claim forms

Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066 www.epfindia.gov.in www.epfindia.nic.in Telephone: 011- 26172685 Fax: 011-26173022 Email: rc.wsu@epfindia.gov.in Date: 13.12.2017 No. Manual/9(3)2016/Settlement of Claims/21003 To All Addl. CPFCs (Zone) All RPFCs (Incharge) of Regional Offices. Sub: Standard Operating Procedure (SOP) for settlement of… Read More

Clarification on Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017

Circular No.48/2017-Customs F.No.450/28/2016 Government of India Ministry of Finance Department of Revenue (Central Board Excise & Customs) Room 227 B , North Block New Delhi, dated 8th December 2017 To, All Principal Chief Commissioner /Chief Commmissioner of Cutsoms/Custom (Preventive) All Principal Chief Commissioner/Chief Commissioner of Central Tax All Principal Commissioner/ Chief Commmissioner of Cutsoms/Customs(Preventive) All… Read More

Govt. notifies establishment of Manipur State Rural Road Development Agency

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th December, 2017 S.O. 3868(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Manipur State Rural… Read More

Govt. extends date for linking of Aadhar, PAN or Form 60 till 31st March 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 13th December, 2017 G.S.R. 1509(E).—In pursuance of clause (a) and clause (c) of sub-rule (17) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government hereby notifies the 31st March, 2018 or six months from the date of commencement… Read More

RBI revises limit for investment by FPI’s in Govt. Securities for the quarter Jan-Mar 2018

RBI/2017-18/108 A.P. (DIR Series) Circular No. 14 December 12, 2017 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by… Read More

Govt. notifies PML (Maintenance of Records) Seventh Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th December, 2017 G.S.R. 1506(E).—In exercise of the powers conferred by sub-section (1) read with clause (i), clause (j), clause (jj) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government in consultation… Read More

EPFO issues guidelines for change of Date of Birth of Employees’ Pension Fund Members

Employees’ Provident Fund Organisation Ministry of Labour & Employment, Government of India Bhavishya Nidhi Bhawan Bhikaiji Cama Place, New Delhi 110066 www.epfindia.gov.in Phone No. 011-26196236, Fax. 011-26168431, Email- rc.pension@epfindia.gov.in No. Pension-I/Instructions/Guidelines/2017/20825 Dated: 12 Dec 2017 To All ACCs (Zonal Offices) All Regional P.F. Commissioner(In-charge of Regions). Sub: Change of Date of Birth of… Read More

Refund/Claim of Countervailing duty as Duty Drawback

Circular No. 49/2017-Cus F.No.609/97/2017-DBK Government of India Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, the 12th December, 2017 To Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners and Commissioners, all under CBEC. Sir/Madam, Subject: Refund/Claim of Countervailing duty as Duty Drawback. Attention is invited to… Read More

Direct Tax Collections for Financial Year 2017-18 show Growth of 14.4% upto November, 2017

The provisional figures of Direct Tax collections up to November, 2017 show that net collections are at Rs. 4.8 lakh crore which is 14.4% higher than the net collections for the corresponding period of last year. The Net Direct Tax collections represent 49% of the total Budget Estimates of Direct Taxes for the Financial Year. 2017-18 (Rs. 9.8 lakh crore). Gross… Read More

DRI Strikes Against Black Money – Recovers about Rs.50 Crores of Demonetized Currency

Sleuths of the Directorate of Revenue Intelligence (DRI), a pioneer Intelligence Agency of the Government of India, zeroed in on an office premises at Bharuch in Gujarat State and recovered about Rs. 48.91 crores of demonetised currency in Rs. 500 and Rs.1,000 denomination currency notes. Acting on the specific intelligence, the officers of DRI, Surat, … Read More

DGFT amends Standard Input Output Norms A-343 and A-3488 under Chemical & Allied Product Group

(To be published in the Gazette of India Extraordinary Part I-Section 1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 48/2015-2020 New Delhi: Dated 11-12-2017 Sub:- Amendment in Standard Input Output Norms A-343 and A-3488 under Chemical & Allied Product Group -reg. In exercise… Read More

IBBI notifies Regulations for handling of Grievances and Complaints

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 6th December, 2017 No. IBBI/2017-18/GN/REG/21.—In exercise of the powers conferred under sections 196, 217, read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely :— CHAPTER I PRELIMINARY… Read More