Legal Updates - Corporate Law Reporter

RBI Master Circular on Export Credit Refinance Facility to Banks

RBI/2010-11/86 Ref. MPD. No.332 /07.01.279/2010-11 July 1, 2010 Aashadha 10, 1932 (S) The Chairmen/Chief Executives of all Scheduled Banks (excluding RRBs) Dear Sir/Madam Master Circular on Export Credit Refinance Facility Please refer to Master Circular No.MPD No. 4627 /07.01.279/2009-10 dated July 1, 2009 on the above-mentioned subject. This revised Master Circular on Export Credit Refinance Facility consolidates… Read More

Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise And Customs) Notification No. 43/2011-Customs (N.T.) 10 Asadha, 1933 (SAKA) G.S.R. ¦ (E) In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules, namely:-… Read More

RBI Master Circular on Bank Finance to Non-Banking Financial Companies

RBI/2011-12/71 DBOD.BP.BC.No.20 /21.04.172/2011-12 July 1, 2011 Chairman and Managing Directors / Chief Executives of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs) Please refer to our Master Circular No.RBI/2010-11/51 DBOD.BP.BC.No.5/21.04.172/2010-11 dated July 1, 2010 on the captioned subject. The Master Circular has been suitably updated by… Read More

Form E.R-8 for Qtly Return of Excise u/r 12(1) of Central Excise Ruless

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)*** Notification No.15/2011-Central Excise (N.T.) In exercise of the powers conferred by sixth proviso to sub-rule (1) of rule 12 of the Central Excise Rules, 2002 the Central Board of Excise and Customs hereby specifies the form for quarterly return, namely:- Form E.R.-8 [F. No.… Read More

Exemption Circular for Recorded Smart Card Manufacturers -CBEC

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.14/ 2011 - Central Excise (N.T.) G.S.R.(E) In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby exempts from the operation of said rule, every manufacturing unit engaged… Read More

Exemption from Custom Duty on goods imported from Malaysia – CBEC

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 53/2011-Customs 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), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the… Read More

RBI- Master Circular on Returns to be submitted by NBFCs

RBI/2011-12/21; DNBS.PD.CC. No.227/ 03.10.042/ 2011-12; July 1, 2011 All NBFCs (Excluding RNBCs) Master Circular-Returns to be submitted by NBFCs In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that instructions on various returns to be submitted by… Read More

SEBI Master Circular for Mutual Funds

Deputy General Manager Investment Management Department SEBI/IMD/MC No.2/836/2011 January 07, 2011 All Mutual Funds,Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Sub: Master Circular for Mutual Funds For effective regulation of… Read More

Exemption to Haldia Petrochemicals Ltd from duty on import of Naphtha

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.54 /2011-Customs 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), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes… Read More

RBI Circular on Redemption of FCCBs

RBI/2011-12/105 A.P. (DIR Series) Circular No.01 (Last Circular of 2010-11 is 75) July 04, 2011 To All Category - I Authorised Dealer Banks Madam / Sir, Redemption of Foreign Currency Convertible Bonds (FCCBs) Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.5 dated… Read More

RBI Master Circular on Branch Authorisation

RBI/2010-11/58 DBOD.No. BL.BC. 8 /22.01.001/2010-11 July 1, 2010 Ashadha 10, 1932(Saka) All Commercial Banks (excluding RRBs) Dear Sir, Section 23 of Banking Regulation Act, 1949 Master Circular on Branch Authorisation Please refer to the Master Circular DBOD.No. BL.BC.20/22.01.001/2009-10 dated July 1, 2009 consolidating instructions/ guidelines issued to banks on Branch Authorisation till June 30, 2009. The… Read More

RBI-Master Circular on Disbursement of Pension by Agency Banks

RBI/2011-12/98; DGBA.GAD.No.H- 1/31.05.001/2011-12; July 1, 2011 All Agency Banks Master Circular- Disbursement of Pension by Agency Banks Reserve Bank of India has been issuing various instructions relating to Payment of Government Pension by Agency Banks. These instructions were conveyed in our master circular RBI/ 2010-11/88 (Ref. DGBA.GAD.No.H- 2 /31.05.001/ 2010-11) dated July 1, 2010. We… Read More

RBI Master Circular on Priority Sector Lending – UCBs

RBI/2011-12/43 UBD.BPD.(PCB) MC No. 7/09.09.001/2011-12 July 1, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular- Priority Sector Lending - UCBs Please refer to our Master Circular UBD. PCB. MC. No. 7 / 09.09.001 / 2010-11 dated July 1, 2010 on the captioned subject (available at RBI website www.rbi.org.in). The… Read More