Legal Updates - Corporate Law Reporter

SEBI releases circular on Criteria for Settlement Mode of Commodity Derivative Contracts

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2017/116 October 16, 2017 To, All Commodity Derivatives Exchanges, Dear Sir / Madam, Sub: Criteria for Settlement Mode of Commodity Derivative Contracts 1. In order to effectively discharge their hedging function, commodity derivative contracts must be anchored to their respective underlying physical markets. An appropriate settlement mode and/or presence of other supporting conditions play… Read More

CBEC imposes definitive anti-dumping duty on the imports of ” Color Coated/ Pre-Painted flat products of alloy or non-alloy steel ” originating in or exported from China PR and EU

[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. 49/2017-Customs (ADD) New Delhi, the 17th October, 2017 G.S.R. (E). Whereas, in the matter of “Colour coated/pre-painted flat products of alloy or non-alloy steel” (hereinafter referred to as the… Read More

MCA notifies IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 13th October, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125, sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government… Read More

Transfer of Shares to IEPF Authority: MCA

General Circular No. 12/2017 No. 11/06/2017-IEPF Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, Dr.R. P.Road New Delhi- 110001 Dated: 16.10.2017 To All Stakeholders Nodal Officers (IEPF) of Concerned Companies All Regional Directors and Registrar of Companies MD & CEO NSDL MD & CEO CDSL Subject: Transfer of Shares to IEPF Authority Pursuant to… Read More

Introduction of e-Sign at Unified Portal for approval of KYC, PMRPY registrations : EPFO

Employees’ Provident Fund Organisation (Ministry of Labour & Employment , govt. of India) Head Office Bhavishya Nidhi Bhavan, 14- Bhikhaji Cama Place, New Delhi -110066 No. NDC/14(7)2015/ … Read More

Interest rates remains unchanged for Small Savings Schemes in Q3 of FY 2017-18

RBI/2017-18/74 DGBA.GBD.954/15.02.005/2017-18 October 12, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.69/15.02.005/2017-18 dated July 13, 2017 on the above subject. The Government of India, had vide their Office Memorandum… Read More

Facilities for Hedging Trade Exposures invoiced in Indian Rupees: RBI

RBI/2017-18/75 A.P. (DIR Series) Circular No. 08 October 12, 2017 To All Authorized Dealer Category - I Banks Madam / Sir, Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management… Read More

Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public

RBI/2017-18/76 DCM (CC) No.G-3/03.44.01/2017-18 October 12, 2017 The Chairman & Managing Director Chief Executive Officers All Banks Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public Please refer to the Circular DCM (CC) No.G-3/03.44.01/2016-17 dated July 20, 2016 on the scheme of penalties. 2. A revised… Read More

Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions

RBI/DCM/2017-18/59 Master Direction DCM(CC) No.G - 2/03.35.01/2017-18 October 12, 2017 1. The Chairman& Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The Director of Treasuries (State Governments) Dear Sir/Madam Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances… Read More

Govt. notifies National Savings (Monthly Income Account) Rules, 2017

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R. 1239 (E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the National Savings (Monthly Income Account) Rules, 1987, namely:— 1. (1) These rules may be… Read More

Govt. notifies National Savings Certificate (VIII-Issue) (Amendment) Rules, 2017

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R. 1238 (E).—In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 ( 46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificate(VIII-Issue) Rules, 1989, namely:— 1. (1) These rules may be called the… Read More

Public Provident Fund (Amendment) Scheme, 2017 notified

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R.1237 (E).—In exercise of the powers conferred by section 3 of the Public Provident Fund Act, 1968 ( 23 of 1968) , the Central Government hereby makes the following Scheme further to amend the Public Provident Fund Scheme, 1968, namely: - 1. (1) These Scheme may be called… Read More

Govt. notifies Senior Citizens Savings Scheme (Amendment) Rules, 2017

MINISTRY OF FINANCE Department of Economic Affairs NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R.1235(E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:— 1.(1) These… Read More