Legal Updates - Corporate Law Reporter

Govt. Imposes Anti Dumping duty on imports of “Ammonium Nitrate”originating in exports from Russia, Indonesia, Georgia and Iran

[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.44 /2017-Customs (ADD) New Delhi, the 12th September, 2017 G.S.R…. (E). - Whereas, in the matter of import of ‘Ammonium Nitrate’ (hereinafter referred to as the subject goods) falling under… Read More

CBEC exempts goods imported for organising FIFA under 17, world cup, 2017

[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.75/2017-Customs New Delhi, the 13th September, 2017 G.S.R. __ (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More

Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2017/102 September 13, 2017 To, All Stock exchanges, (except for Commodity Derivatives Stock Exchanges) All Clearing corporations, (except for Commodity Derivatives Clearing Corporations) All Depositories. Dear Sir / Madam, Subject: Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs 1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9,… Read More

Guidelines on outsourcing of activities by Stock Exchanges and Clearing Corporations:SEBI

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2017/101 September 13, 2017 To All Stock Exchanges All Clearing Corporations Dear Sir / Madam, Subject: Outsourcing of activities by Stock Exchanges and Clearing Corporations 1. SEBI has vide circular CIR/MIRSD/24/2011 dated December 15, 2011 prescribed Guidelines on Outsourcing of Activities by Intermediaries. Through these guidelines certain principles for outsourcing to be followed by… Read More

Refund of amount on account of double-payment of Customs

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-150/2015-16 AM (I) Dated 08.09.2017 PUBLIC NOTICE NO. 117/2017 Sub: Refund of amount on account of double-payment of Customs DutyReg. Attention of the Importers, Exporters and all other stakeholders is invited to the… Read More

Procedure to be followed for Import under DEEC/EPCG Scheme-

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE – II, JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, Tal-URAN, DISTRICT-RAIGAD, MAHARASHTRA –400 707. F. No. S/16-DEEC-GEN-246/VIID Date: 11.09.2017 PUBLIC NOTICE NO. 118/2017 Sub:- Procedure to be followed for Import under DEEC/EPCG Scheme- reg. It has been observed that significant time is being taken in assessment of bills… Read More

PFRDA notifies Third Amendment in Retirement Adviser Regulation, 2017

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 11th September, 2017 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (RETIREMENT ADVISER) (THIRD AMENDMENT) REGULATIONS, 2017 No.PFRDA/12/RGL/139/10.— In exercise of the powers conferred by sub-section (1) of section 52 read with clause (w) of sub-section (2) thereof and clause (d) of sub-section 2 of Section 14… Read More

Cabinet approves release of additional 1% Dearness Allowance to CG employees and Dearness Relief to pensioners w.e.f. 01.07.2017

Cabinet approves release of additional 1% Dearness Allowance to Central Government employees and Dearness Relief to pensioners w.e.f. 01.07.2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for release of additional 1% Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners. It will be… Read More

Govt. amends General Provident Fund (Central Service) Rules, 1960- liberalizes drawal of advance from the Fund by the subscribers

No 3/2/2017-P&PW (F)(i) Ministry of Personnel, PG & Pensions Department of Pension & Pensioners' Welfare Desk-F 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi-110003 Dated 7th March, 2017 OFFICE MEMORANDUM Subject:Amendment to the provisions of General Provident Fund (Central Service) Rules, 1960- liberalization of provisions for drawal of advance from the Fund by the… Read More

CBEC invites suggestions on Draft ‘Expenditure Budget Manual, 2017 by 15.09.2017

Government of India Directorate General of Human Resource Development Customs & Central Excise Plot No.C-4 (West Wing) Ground Floor, IRCON Building District Centre, Saket, New Delhi-1210017 D.O.F. No. 8/B/10(136) HRD (EMC)/2017 6Th September, 2017 Dear Sub: Draft ‘Expenditure Budget Manual, 2017’-reg This is to inform you that the draft of first Edition of… Read More

Direct Tax Collections up-to August, 2017 in 2017-18 show Growth of 17.5%

Direct Tax Collections up-to August, 2017 in the current Financial Year 2017-18 show Growth of 17.5% The Direct Tax collections up to August, 2017 in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at Rs. 2.24 lakh crore which is 17.5% higher than the net collections for… Read More

RBI says it uses sophisticated machines for processing currency notes

It has been reported in a section of the press, quoting a reply to RTI application, that RBI was not using machines for counting Specified Bank Notes (SBNs). RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way… Read More

Alteration in the name of “National Bank of Abu Dhabi PJSC” to “First Abu Dhabi Bank PJSC” in RBI Act

RBI/2017-18/53 DBR.No.Ret.BC.84/12.07.150/2017-18 September 7, 2017 All Scheduled Commercial Banks Dear Sir/Madam Alteration in the name of "National Bank of Abu Dhabi PJSC" to "First Abu Dhabi Bank PJSC" in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of "National Bank of Abu Dhabi PJSC" has been changed… Read More