Legal Updates - Corporate Law Reporter

RBI notifies FEMA (Foreign Exchange Derivative Contracts) (Second Amendment) Regulations, 2017

RESERVE BANK OF INDIA (Financial Markets Regulation Department ) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 24th October, 2017 No. FEMA. 388/2017-RB Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Second Amendment) Regulations, 2017 G.S.R.1324(E).—In exercise of the powers conferred by clause (h) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of… Read More

Anti-dumping duty to continue on imports of Soda Ash, originating in or exported from China, EU, Kenya, Pakistan, Iran, Ukraine and USA till final decision of Guj. HC

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. 50 /2017-Customs (ADD) New Delhi, the 18th October, 2017 G.S.R. (E).-Whereas, the designated authority vide notification No.15/28/2014-DGAD, dated the 21st July, 2015, published in the Gazette of India, Extraordinary,… Read More

Exchange Rates Notification No.97/2017-Custom(NT) dated 24.10.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 97/2017 - Customs (N.T.) Dated the 24th October, 2017 02 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… Read More

Govt. continues imposing anti dumping duty on imports of Cold-rolled Flat products of stainless steel

[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. 52/2017-Customs (ADD) New Delhi, the 24th October, 2017 G.S.R. (E).- Whereas, in the matter of review of anti-dumping duty on import of Cold Rolled Flat Products of Stainless Steel,… Read More

General Provident Fund shall carry interest at the rate of 7.8% w.e.f. 01.10. 2017 to 31.10.2017

General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017. The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest… Read More

MCA notifies Section 247 of the Companies Act 2013 w.e.f 18th October, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th October, 2017 S.O. 3393(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 18th October, 2017 as the date on which the provisions of section 247 of the said Act… Read More

MCA notifies Companies (Registered Valuers and Valuation) Rules, 2017

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Ministry of Corporate Affairs New Delhi, the 18th October, 2017 G.S.R (E).─ In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby… Read More

MCA delegates power under section 247 of CA 2013 to Insolvency and Bankruptcy Board of India

[To be published in the Gazette of India, Extra-ordinary,part-II,section 3, sub-section (ii)] MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated the 23rd October,2017 S.O------- (E). -In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates the powers and functions vested in it under… Read More

MCA notifies Companies (Removal of Difficulties) Second Order, 2017

MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 23rd October, 2017 S.O. 3400.(E).—Whereas, sub-section (1) of section 247 of the Companies Act, 2013 (18 of 2013) (hereafter referred to as the said Act) provides that where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities or goodwill or… Read More

Clarification related to guidelines for establishing ‘Place of Effective Management’ (PoEM) in India

Circular No 25 of 2017 F No 142/11/2015-TPL(Part-I) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes •••••• New Delhi, 23rd October, 2017 Subject: Clarification related to guidelines for establishing 'Piace of Effective Management' (PoEM) in India-reg. The concept of 'Place of Effective Management' (PoEM) for deciding residency status… Read More

Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th October, 2017. PRESS RELEASE Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017 The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at Rs. 3.86 lakh… Read More

Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th October, 2017 PRESS RELEASE Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962 – comments and suggestions thereof. Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of… Read More

SEBI amends SEBI (International Financial Services Centres) Guidelines, 2015

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2017/117 October 17, 2017 1. All recognised Stock Exchanges/Clearing Corporations in International Financial Services Centre (IFSC) 2. All recognised Stock Exchanges and Clearing Corporations 3. All Registered Intermediaries Dear Sir/Madam Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 – Amendments Kindly refer to SEBI (IFSC) Guidelines, 2015 notified by SEBI… Read More