Legal Updates - Corporate Law Reporter

Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961

Circular No.28/2017 F.No.500/10/2017-FT&TR-IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated, the 7th of November, 2017 Sub: Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961 Under the provisions contained in section 9(1 )(i) of… Read More

FAQs on Exit from NPS for Central Government Sector and Central Autonomous Bodies

Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi — 110066 No. HRD/58/2017/NSDL/18 Dated: 10 Nov 2017 Sub: Frequently Asked Questions (FAQs) on Exit from NPS for Central Government Sector (CG) and Central Autonomous Bodies (CABs)- reg. PENSION FUND REGULATORY AND… Read More

IGST refunds for the export of goods under Rule 96 of CGST Rules, 2017

OFFICE OF COMMISSIONER OF CUSTOMS NS-IV JAWAHAR LAL NEHRU CUSTOM HOUSE, NHAVA SHEVA TAL: URAN, DIST. RAIGAD, MAHARASHTRA-400707 F.No.S/12-Gen-82/2015-16 AM(X)(Part File) Date: 08.11.2017 PUBLIC NOTICE NO. 144/2017 Subject: Refunds of IGST paid on export of goods under Rule 96 of CGST Rules, 2017 Attention of all the importers, exporters, customs brokers, and other stake holders is… Read More

Telangana Govt. constitutes Telangana Building and Other Construction Workers Welfare Board

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th November, 2017 S.O. 3564(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, ‘Telangana Building and Other… Read More

Govt. of Haryana constitutes Haryana State Legal Services Authority

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th November, 2017 S.O. 3563(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, the Haryana State Legal… Read More

Amendment in Paras 2.20, 2.21 and 2.22 of the Handbook of Procedure (2015-20) :DGFT

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.38/ (2015-2020) NEW DELHI: DATED THE 9 November, 2017 Subject: Amendment in Paras 2.20, 2.21 and 2.22 of the Handbook of Procedure (2015-20). In exercise of… Read More

Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs

RBI/2017-18/87 DNBR.PD.CC.No.090/03.10.001/2017-18 November 09, 2017 To All Non-Banking Financial Companies (NBFCs), Madam/ Sir, Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that… Read More

Rate of Exchange for Qatari Riyal revised effective from 10.11.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.107/2017 - Customs (N.T.) Dated the 9th November, 2017 18 Kartika, 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

Risk Management and Inter-Bank Dealings – Simplified Hedging Facility Guidelines : RBI

RBI/2017-18/88 A.P. (DIR Series) Circular No. 11 November 09, 2017 To, All Authorised Dealer Category - I Banks Madam/Sir, Risk Management and Inter-Bank Dealings – Simplified Hedging Facility Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May… Read More

Govt. increases basic custom duty on Peas and Wheat

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 8th November, 2017 No. 84/2017-Customs G.S.R. 1376(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the… Read More

Revised exchange rate for conversion of ‘Qatari Riyal’ effective form 09.11.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.106/2017 - Customs (N.T.) Dated the 8th November, 2017 17 Kartika, 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

FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 7th November, 2017 No. FEMA 20(R)/ 2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 G.S.R. 1374(E).— In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47… Read More

MCA revises Form AOC- 4 XBRL and Form AOC-4

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 6th November, 2017 G.S.R.1372(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and Forms… Read More