Legal Updates - Corporate Law Reporter

BIS amends notification S.O.1347 (E) dated 28 April 2017 under BIS Rules

MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) (BUREAU OF INDIAN STANDARDS) CORRIGENDUM New Delhi, the 11th August, 2017 S.O. 2587(E).—Bureau of Indian Standards hereby makes the following AMENDMENT to the NOTIFICATION of Government of India under the Ministry of Consumer Affairs, Food & Public Distribution (Department of Consumer Affairs) published… Read More

Govt. continues Anti-Dumping Duty on imports of “Opal Glassware”

[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. 37/2017-Customs (ADD) New Delhi, the 9th August, 2017 G.S.R…. (E). - Whereas, the designated authority vide Notification No. 15/4/2016-DGAD dated 8th July 2016, published in the Gazette of India,… Read More

DGRI appoints Common Adjudicating Authority under Customs Act, 1962

[To be published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs Directorate of Revenue Intelligence Notification No. 8/2017-Customs (N.T./CAA/DRI) New Delhi, dated the 11 th August, 2017 S.O. (E). - In pursuance of notification No. 60/2015-Customs (N.T.),… Read More

CBEC amends notification No.50/2017-Customs dt. 30th June, 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. 71/2017-Customs New Delhi, the 11th August, 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

RBI releases Tri-Party Repo (Reserve Bank) Directions, 2017

RBI/2017-18/42 FMRD.DIRD.4/14.03.024/2017-18 August 10, 2017 To All market participants Dear Sir/Madam Tri-Party Repo (Reserve Bank) Directions, 2017 Please refer to Paragraph 6 of the statement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of the third Bi-monthly Monetary Policy Statement for 2017-18 dated August 2, 2017 regarding introduction of tri-party repos. 2. The draft… Read More

Govt. exempts Regional Rural Banks from M&A purview under Competition Act

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th August, 2017 S.O. 2561(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 public interest, hereby exempts the Regional Rural Banks in respect of which the Central Government has issued a notification… Read More

Govt. amends Environment Protection Rules, 1986

MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE NOTIFICATION New Delhi, the 8th August, 2017 S.O. 2537(E).—In exercise of the powers conferred by sections 6 and 25 of the Environment (Protection) Act, 1986 (29 of 1986), the Central Government hereby makes the following rules further to amend the Environment (Protection) Rules, 1986, namely:— 1. (1) These… Read More

Reg. Change in Date of Birth of Employees’ Pension Fund Members

Employees’ Provident Fund Organisation (Ministry of Labour & Employement, Govt. of India) Head ofiice Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110066 No.Pension I/Instruction/Guidelines/2017/8351 07/08/2017 To All ACCs (Zonal Offices) All Regional P.F. Commissioner (In Charge of Regions) Sub: Change in Date of Birth of Employees’ Pension Fund Members – Regarding Ref: 1. This office letter… Read More

Govt. makes Aadhaar mandatory to avail maternity benefit under JSY scheme

MINISTRY OF WOMEN AND CHILD DEVELOPMENT NOTIFICATION New Delhi, the 4th August, 2017 S.O. 2489(E).––Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly to them in a convenient and seamless… Read More

IRDAI modifies Guidelines on Point of Sales- Life Insurance Products

Insurance Regulatory and Development and Authority of India Ref: IRDAI/LIFE/CIR/MISC/POS/185/08/2017 August 4, 2017 To All the Life Insurers, Re: Modification to Guidelines on Point of Sales (POS)- Life Insurance Products Reference is invited to - Section 2 (i) - ' Categories of POS products', Wherein the description of categories of POS Products is provided and… Read More

Govt. abolishes sumptuary allowance for all Training and Academic Establishments

No. 17014/2/2014-Trg.(7th CPC) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training Block-IV, Old JNU Campus, New Delhi. Date: July 25 , 2017 OFFICE MEMORANDUM Subject: Implementation of the recommendations of 7 th Central Pay Commission - abolishment of Sumptuary Allowance. Consequent upon the acceptance of the recommendations… Read More

EPFO mandates submission of Aadhaar as identity doc. by members of EPS

EMPLOYEES’ PROVIDENT FUND ORGANIZATION (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14, Bhikaji Cama Place, New Delhi- 110 066. File No.Pension-I/17(10)/2016-17/Jeevan Pramaan-Aadhar/8051 … Read More

SEBI releases online registration mechanism for custodian of securities

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR CIR/IMD/FPIC/094/2017 August 09, 2017 To, All Custodian of Securities Dear Sir/ Madam, Subject: Online Registration Mechanism for Custodian of Securities 1. Hon'ble Minister of Finance, Government of India, in his speech while presenting the Budget for FY 2017-18 on February 01, 2017, announced that the process of registration of… Read More