Legal Updates - Corporate Law Reporter

MCA designates special court in Bihar for trial of offences with 2 or more years imprisonment

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st August, 2017 S.O. 2872(E).—In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Judicature at Patna, hereby designates the following Court… Read More

Export of Sugar to USA under TRQ quota for US fiscal Year extended till 31 Oct 2017

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 1st September, 2017 No. 23 /2015-2020 Subject:- Export of preferential quota sugar to USA under TRQ quota. F. No. 01/91/180/879/AM08/Export Cell/Pt.—In exercise of the powers conferred under Paragraph 2.04 of the Foreign Trade Policy, 2015-2020, the Director… Read More

DGFT amends Table 2 of Appendix 3B Foreign Trade Policy 2015-20

(To be Published in the gazette of India extraordinary part-1 section -1) Government of India Ministry of Commerce & industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 22/2015-2020 Subject: Corrections/ amendments in Table 2 of Appendix 3B Foreign Trade Policy 2015-20 In exercise of powers conferred under paragraph 1.03 of the… Read More

DGFT notifies Proformae for export and import of sandalwood by SEZ units

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign trade Udyog Bhawan Public Notice No. 21/2015-2020 New Delhi, Dated the 31August , 2017 Subject:- Export of Red Sanders Wood (Petrocarpus santalinus) and Sandalwood (santalum album) import of sandalwood… Read More

Due date for filing ITR and Tax Audit Report extended to 31st October 2017

F. No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA.II Division New Delhi , the 31st August 2017 Order under Section 119 of the Income tax Act 1061('Act') The Goods and Service Tax ('GST') has come Into effect on 01.07.2017. In recent days , dates for… Read More

Govt imposes anti dumping duty on import of Styrene Butadiene Rubber from EU, Korea or Thailand

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th August, 2017 No. 43/2017-Customs (ADD) G.S.R. 1123(E).—Whereas in the matter of “Styrene Butadiene Rubber (SBR) of 1500 series and 1700 series,” (hereinafter referred to as ‘the subject goods’) falling under sub-heading 4002 19 of the First Schedule to the Customs Tariff Act, 1975 (51… Read More

SEBI amends International Financial Services Centres Guidelines, 2015

CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2017/97 August 31, 2017 All recognized Stock Exchanges and Clearing Corporations in International Financial Services Centres 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 on March 27, 2015 and various amendments made thereto from time to… Read More

Issuance, listing and trading of debt securities on exchanges in International Financial Services Centres (IFSC)

CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2017/96 August 31, 2017 All recognized Stock Exchanges and Clearing Corporations in International Financial Services Centres Dear Sir/Madam Issuance, listing and trading of debt securities on exchanges in International Financial Services Centres (IFSC) In continuation of guidelines on debt securities contained in Chapter V ‘Issue of Debt Securities’ of SEBI (IFSC) Guidelines,… Read More

Clarification on Exchange Traded Option contracts on EUR-INR, GBP-INR and JPY-INR currency pairs

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2017/98 August 31, 2017 To, All Stock exchanges (except for Commodity Derivatives Stock Exchanges) All Clearing corporations, Dear Sir / Madam, Subject: Clarification on Exchange Traded Option contracts on EUR-INR, GBP-INR and JPY-INR currency pairs 1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9, 2016 laid down the detailed framework for introduction of cross-currency futures… Read More

Guidelines on Monitoring /revalidation of Bank Guarantee – DGFT

F.No. 18/01/HQ/2017-18/ECA.II/534 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan , new Delhi Dated the 28 July ,2017 To All Regional Authorities of DGFT Subject - Guidelines on Monitoring /revalidation of Bank Guarantee – regarding. Sir/Madam, I am directed to say various references have been… Read More

Wage Limit under Payment of Wages Act increases from Rs 18000 to Rs. 24000

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 28th August, 2017 S.O. 2806(E).—In exercise of the powers conferred by sub-section (6) of section 1 of the Payment of Wages Act, 1936 ( 4 of 1936), the Central Government, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey… Read More

M&A of banking companies exempted from Section 5 and 6 of Competition Act

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th August, 2017 S.O. 2828(E).—In exercise of the powers conferred by clause (a) of Section 54 of the Competition Act, 2002 (12 of 2003), the Central Government in the public interest hereby exempts, all cases of reconstitution, transfer of the whole or any part thereof and amalgamation… Read More

ICSI releases revised Secretarial Standards 1 and 2

Revised Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) (Revised by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government) Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) were approved by the Central Government under Section 118(10) of the… Read More