Legal Updates - Corporate Law Reporter

RBI Notification on Anti-Money Laundering (AML)/Combating of Financing of Terrorism

RBI/2011-12/139 RPCD.CO.RCB.AML.No.1286/07.02.12/2011-12 The Chairmen / CEOs of all State / Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter RPCD.CO.RCB.AML.No.12293/07.02.12/2010-11 dated April 27, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, has further… Read More

DGFT- Validity of extension for export of 6,50,000 tons of wheat products upto 31.03.2012

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 61 (RE-2010)/2009-2014 New Delhi, the 20th July, 2011 Subject: Validity of extension for export of 6,50,000 tons of wheat products upto 31.03.2012. S.O. (E) In exercise of the powers conferred by Section 5 of the… Read More

Central Excise Third (Amendment) Rules, 2011

Title: Amends Central Excise (Third Amendment )Rules, 2002 [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 19 /2011-Central Excise (N.T.) New Delhi, dated the 28th July, 2011 G.S.R. (E).- In exercise of the powers conferred by section 37 of… Read More

Customs Notification No. 53 /2011

[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) New Delhi, dated the 28th July, 2011 Notification No. 53 /2011 Customs (N.T) G.S.R. 583(E). - In exercise of the powers conferred by section 57 of the Finance Act, 2011 ( 8 of 2011), the… Read More

Customs: Amendment in Notification No. 36/2001-Reg: Oils and Seeds

[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 54/2011 - Customs (N. T.) New Delhi, 29th July, 2011 7 Shravana , 1933 (SAKA) S. O. ________ (E) In exercise of the powers conferred by sub-section (2)… Read More

Notification No. 56 /2011 – Customs (N.T.) – Reg- Filter rod, Filter Cigarettes

[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. 56 /2011 - Customs (N.T.) New Delhi, 2nd August, 2011 G.S.R (E). - In exercise of the powers conferred by section 11 of the Customs Act, 1962 (52 of 1962), the Central Government on… Read More

Prohibition on Carrying rice in baggage by air passengers travelling to USA- CBEC

Circular No.34 / 2011- Customs F.No. 528/34/2011-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tariff Unit *** 229A, North Block, New Delhi - 1, 3rd August, 2011. To All Chief Commissioners of Customs / Customs (Prev.), All Chief Commissioners of Customs & Central Excise, All… Read More

Corporate Governance Week starts from 8th August, 2011

ICSI is committed to promoting good corporate governance and has played a pivotal role in creating awareness on various issues impinging upon corporate governance. The main purpose of the Instittute is to promote good governance practices permeate through length and breath of the nation and does not remain restricted to few cities. During this week,… Read More

No Tea or Coffee to Shareholders during the AGM – MCA invited comments on Draft Circular

The Ministry of Corporate Affairs has been receiving representations form various stakeholders that it has become a general practice in the country to give gifts to the shareholders while they attend any AGM in addition to the dividend recommended by the Board of Directors. It has also been brought to the notice of the Ministry that the companies… Read More

Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 58(RE-2010)/2009-14 New Delhi, dated 1st July, 2011 Subject: Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11. S.O. (E) In exercise of… Read More

ICSI- 39th National Convention of Company Secretaries

The 39th National Convention of Company Secretaries will be held from 13th October, 2011 onwards till 15th October, 2011 at Jaypee Palace Hotel & Convention Centre, Agra. The theme for discussion will be on Corporate Dynamism and Innovative Professionalism and other sub themes to be focused on Dynamic Business Environment, Innovation and Risk Management; Leverage… Read More

RBI – Exim Bank’s Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana

RBI/2011-12/138 A.P. (DIR Series) Circular No. 07 August 02, 2011 To All Authorised Dealer Category -I banks Madam / Sir, Exim Bank's Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 26, 2010 with the… Read More

RBI Notification on Comprehensive Guidelines on Derivatives

RBI/2011-12/136 DBOD.No.BP.BC. 27/21.04.157/2011-12 August 2, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs), All India Term-Lending & Refinancing Institutions & Primary Dealers Dear Sir, Comprehensive Guidelines on Derivatives : Modifications Please refer to our Circular DBOD No. BP. BC. 86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines… Read More