Legal Updates - Corporate Law Reporter

CBEC amends circular on “anti-dumping duty on imports of “Metronidazole” exported from China

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th August, 2017 No. 41/2017-Customs (ADD) G.S.R. 1119(E).—Whereas, the Designated Authority vide initiation notification No. 7/6/2017- DGAD dated the 29th August, 2017, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 29th August, 2017, has initiated review in terms of sub-section… Read More

DIPP releases Consolidated FDI Policy 2017

Ministry of Commerce & Industry 28-August, 2017 14:01 IST Consolidated FDI Policy The “Consolidated FDI Policy” link is attached herewith. This Circular will take effect from August 28, 2017. http://dipp.nic.in/sites/default/files/CFPC_2017_FINAL_RELEASED_28.8.17.pdf MJPS Read More

MCA notifies companies (Arrests in connection with Investigation by serious Fraud Investigation Office) Rules

[To be published in the Gazette of India, Extraordinary part II, Section 3, Sub-Section (i)] Government of India MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 24th August,2017 G.s.R.......(E).-In exercise of the powers conferred under sub-section (1) of section 469 read with section 212 of the companies Act, 2013 (18 of 2013), the central Government hereby… Read More

Govt. imposes restriction on import of gold and silver from South Korea

To be published in the Gazette of India Extraordinary Part-II , Section-3, Sub Section (ii) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Notification No.25/2015-2020 New Delhi, Dated 25th August 2017 Subject: Amendment in import policy of gold and silver under Chapter 71 of ITC(HS) 2017,… Read More

RBI to ramp up supply of Rupees 200 notes

The Reserve Bank of India introduced the Rs. 200 denomination notes today. Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end. These notes are available only through select RBI offices and banks as is normal when a new… Read More

DGFT notifies Appendices and Form on Country specific prohibitions on Import&Export items

To be published in the Gazette of India Extraordinary (Part-I , Section-1) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 20/2015-2020 New Delhi, Dated 25th August 2017 Subject: Introduction of Appendix -2X in Appendices ad Aayat Niryat Forms (2015-20) In Exercise of powers… Read More

EPFO launches online system for generation of Certificate of Coverage

Employees’ Provident Fund Organisation (Ministry of Labour & Employment , govt. of India) Head Office Bhavishya Nidhi Bhavan, 14- Bhikhaji Cama Place, New Delhi -110066 File No. IWU/7(31) /Application for COC/10677 Dated 24.08.2017 To, All Addl. C.P.F.Cs (Zones) All R.P.F.Cs – In Charge (Regions) Subject: online system for generation of Certificate of Coverage –Reg… Read More

MCA notifies certain provisions of section 212 of the Companies Act, 2013

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2017 S.O. 2751(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 24th day of August, 2017 as the date on which the provisions of sub-sections (8), (9) and… Read More

MCA amends National Company Law Appellate Tribunal Rules

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd August, 2017 G.S.R. 1061(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the National Company Law Appellate Tribunal Rules, 2016, namely:… Read More

Banking Regulation Act authorises RBI to issue directions in respect of insolvency resolution process

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 25th August, 2017/Bhadra 3, 1939 (Saka) The following Act of Parliament received the assent of the President on the 25th August, 2017, and is hereby published for general information:— THE BANKING REGULATION (AMENDMENT) ACT, 2017 NO. 30 OF 2017 [25th August, 2017.] An Act further… Read More

RBI notifies Credit Information Companies (Amendment) Regulations, 2017

RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 11th August, 2017 THE CREDIT INFORMATION COMPANIES (AMENDMENT) REGULATIONS, 2017 No. BBR.CID. No. 786/20.16.050/2017-18.—In exercise of the powers conferred by section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30 of 2005), the Reserve Bank of India hereby makes the following regulations, to amend the Credit… Read More

Status holders entitled to export freely exportable items on free of cost basis: DGFT

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 23rd August, 2017 No: 23 /2015-2020 Subject: Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020. S.O. 2749(E).—In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign… Read More

Govt. notifies PML (Maintenance of Records) fourth amendment Rules

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd August, 2017 G.S.R. 1057 E).—In exercise of the powers conferred by sub-section (1) read with clauses (h), (i), (j) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following… Read More