Legal Updates - Corporate Law Reporter

Minimum Export Price of Onions.- DGFT

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 59 (RE 2010)/2009-2014 New Delhi, Dated: 15th July, 2011 Subject: - Minimum Export Price of Onions. S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign… Read More

Exemption for export of 10 lakh MT non basmati rice on private A/C – DGFT

(To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 60 (RE-2010)/2009-2014 New Delhi, 19th July,2011 Subject: Exemption for export of 10 lakh MT non basmati rice on private A/C… Read More

Notification No.67 /2011-Customs- Anti- dumping duty on import of certain Rubber Chemicals from certain countries

[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.67 /2011-Customs New Delhi, the 28th July, 2011 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/14/2009-DGAD, dated the 12th May,2010, published in the Gazette of India, Extraordinary, Part I, Section… Read More

NSDL : e -Tutorial for form 16A

As per Income Tax Department (ITD) circular number .03/2011 dated May 13, 2011 Companies and Banks are required to issue Form 16A from TIN to their deductees for deductions made from April 1, 2011 (F.Y. 2011-2012). Form 16A is available to register TANs at TIN, from F.Y. 2010-11 Form 16A can be requested from TIN by… Read More

Rate of exchange of conversion of each of the foreign currency with effect from 1st August, 2011

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.51/2011-Customs (N.T.) DATED THE 27th July, 2011 5 Shravana, 1933(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry… Read More

SEBI : SMS and E-mail alerts to investors by stock exchanges

CIR/MIRSD/15/2011 August 02, 2011 To All Recognized Stock Exchanges Dear Sir/Madam, Sub: SMS and E-mail alerts to investors by stock exchanges 1. SEBI receives complaints from investors against stock brokers which include alleged unauthorized trading in their accounts. SEBI has taken steps in the past to address this issue. 2. As an additional measure, it… Read More

E-payment of Customs duty mandatory for Rs. 1 lac or more – CBEC

Circular No. 33/2011- Customs F.No.450/180/2009-Cus.IV(Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** 229-A, North Block, New Delhi, 29th July, 2011. To, All Chief Commissioners of Customs All Chief Commissioners of Central Excise and Service Tax Subject: Making E-payment of Customs duty mandatory-regarding. Sir / Madam, E-payment… Read More

SEBI releases new Takeover Regulations based on recommendations of Takeover Regulations Advisory Committee

PR No. 119/2011 SEBI Board meeting The Board met today in Mumbai and took the following major decisions: (I) Proposed new Takeover Regulations based on recommendations of Takeover Regulations Advisory Committee The Board considered the Report of the Takeover Regulations Advisory Committee (TRAC) and accepted most of the recommendations of TRAC. Major among them include the following: a)… Read More

Amendment to Notification No.06/2006 for licensed goods under Merchant Shipping Act-CE dated 01.03.2006

[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 29th July, 2011 Notification No. 38 /2011 Central Excise G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944… Read More

Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) – Standards

RBI/2011-12/134 RPCD.CO.RRB.AML.No. 1203 /03.05.28 (A)/2011-12 July 29, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.11332 /03.05.28 (A)/2010-11 dated April 01, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT… Read More

RBI Notification on Auction of Government of India Dated Securities

All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) (a) 8.07 percent Government Stock 2017 for a notified amount of Rs.4,000 crore (nominal) through a price based… Read More

Misuse of Banking Channels – Issue and Payment of Demand Drafts for Rs. 50,000/- and above

RBI/2011-12/135 DBOD.BP.BC. No. 26 / 21.01.001/2011-12 To, The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Misuse of Banking Channels - Issue and Payment of Demand Drafts for Rs. 50,000/- and above Please refer to our circular DBOD.BP.BC.No.114/C.469(81) - 91 dated April 19, 1991 in terms of which demand drafts,… Read More

SEBI Circular on Indicative portfolio or yield in close ended debt oriented mutual fund schemes

Cir/ IMD/ DF/12 /2011 August 1, 2011 All Mutual Funds, Asset Management Companies (AMCs) Sir/Madam, Sub: Indicative portfolio or yield in close ended debt oriented mutual fund schemes 1. This refers to circular SEBI/IMD/CIR No. 14/151044/09 dated January 19, 2009 regarding indicative portfolio and yields in mutual fund schemes. It was mentioned that mutual funds… Read More