Legal Updates

Categorization and Rationalization of Mutual Fund Schemes :SEBI

Oct 06, 2017                                                                                                         … Read More

Master Directions on Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

RBI/DNBR/2017-18/57 Master Direction DNBR (PD) 090/ 03.10.124/ 2017-18 October 04, 2017 Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 The Reserve Bank of India, (hereinafter referred to as “the Bank”) issued a Notification No DNBR.045/CGM (CDS)-2017 dated August 24, 2017 in terms of sub-clause (iii) of clause(f)… Read More

Submission of report of the Committee on Corporate Governance

SEBI formed a Committee on Corporate Governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee consisted of officials from the government, industry, professional bodies, stock exchanges, academicians, lawyers, proxy advisors, etc. The committee was requested to… Read More

CBEC constitutes committees for Writing off of arrears of Central Excise, Service Tax and Customs duty

Circular No. 1059/8/2017 -CX F. No. 296/202/2017-CX-9 Government of India Ministry of Finance Department of Revenue Central Board of Customs & Excise ***** New Delhi, the Sep 2017 To, All Principal Chief/ Chief Commissioners of CX &GST, Director General of Performance Management. Sub: Writing off of arrears of Central Excise, Service Tax and Customs duty… Read More

Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports

 Circular No. 8/8/2017-GST F. No. 349/74/2017-GST (Pt.) Vol.-II Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 4 th October, 2017 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/Director Generals (All) Madam/Sir, Subject: Clarification… Read More

CBEC imposes anti-dumping duty on imports of “PNA” originating in or exported from China PR

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.46/2017-Customs (ADD) New Delhi, the 4th October, 2017 G.S.R. 1219(E) -Whereas, the Designated Authority, vide notification No.15/09/2016-DGAD, dated the 1 st September, 2016, published in the Gazette of India, Extraordinary,… Read More

CBEC issues tariff notification dt. 29.09.2017 for Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 29th September, 2017 No. 93/2017-CUSTOMS (N.T.) S.O. 3205(E).— In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it… Read More

PM addresses Company Secretaries at the inauguration of the golden jubilee year of ICSI

The Prime Minister, Shri Narendra Modi, today addressed Company Secretaries at the inauguration of the Golden Jubilee Year of ICSI – the Institute of Company Secretaries of India. On this occasion, the Prime Minister congratulated all those associated with ICSI. He said he is happy to be among those who are responsible for ensuring that… Read More

CBEC amends NOT. No. 11/2017-CE so as to reduce the excise duty rates on Petrol and Diesel

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd October, 2017 No. 22/2017-Central Excise G.S.R. 1217(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government on being satisfied that it is necessary in the public interest so to do,… Read More

SEBI grants recognition to Metropolitan Clearing Corporation of India Limited

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 28th September, 2017 No. SEBI/LAD-NRO/GN/2017-18/020.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 by Metropolitan Clearing Corporation of India Limited, Vibgyor Towers, 4th… Read More

Allocation of quantity for export of preferential quota sugar to EU under CXL quota :DGFT

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Public Notice No: 28/2015-2020 New Delhi, the 29 September, 2017 Subject:- Allocation of quantity for export of preferential quota sugar to EU under CXL quota. In exercise of the powers conferred… Read More

CBEC extends the time limit for Review of the orders by the Review Committees

F. No. 390/Review/49/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Judicial & Review Cell) New Delhi, Dated 29.09.2017 To, All the Chief Commissioners of Central Excise and Service Tax, All the Chief Commissioners of Customs Webmaster (webmastercbec@icegate.gov.in) Madam/Sir, Subject: Extension of time for Review by Review Committees… Read More

CBEC extends the time limit for FORM GST CMP-03 till 31.10.2017

F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 29th September, 2017 Order No. 04/2017-GST Subject: Extension of time limit for intimation of details of stock held on the date preceding the date from which the option for composition levy is exercised… Read More

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