Legal Updates - Corporate Law Reporter

Kerala Govt. decides to pay wages to employees electronically

Kerala Government has decided to implement “e-payment of wages” scheme which aims at providing wages to employees electronically. WPS – means an IT enabled system provided by the labour commissionerate to ensure payment of minimum wages to all or any class of employees employed. Initially this was promulgated through a notification in the year 2015,… Read More

Govt. launches schemes to make education loans as easy loans

Schemes to make education loan as easy loans All Scheduled Commercial Banks provide Education Loan to students. Simple interest is charged during the study period and up to commencement of repayment. Accrued interest is added to the principal amount borrowed while fixing EMI (Equated Monthly Instalment) for repayment. The Schemes launched by the Government to… Read More

NABARD takes e-Shakti initiative for digitisation of SHG’s

e-Shakti initiative of NABARD e-Shakti is a pilot project of National Bank for Agriculture and Rural Development (NABARD) for digitisation of Self Help Groups (SHGs). It was initiated to address certain concerns like improving the quality of book keeping of SHGs and to enable banks to take informed credit decisions about the group through a… Read More

Ministry of Law and Justice amends National Institutes of Technology and Science Education and Research Act , 2007

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 5th August, 2017/Shravana 14, 1939 (Saka) The following Act of Parliament received the assent of the President on the 4th August, 2017 and is hereby published for general information:— THE NATIONAL INSTITUTES OF TECHNOLOGY, SCIENCE EDUCATION AND RESEARCH (AMENDMENT) ACT, 2017 NO. 19 OF… Read More

Ministry of law and Justice amends the Collection of Statistics Act, 2008

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 5th August, 2017/Shravana 14, 1939 (Saka) The following Act of Parliament received the assent of the President on the 4th August, 2017 and is hereby published for general information :— THE COLLECTION OF STATISTICS (AMENDMENT) ACT, 2017 NO. 21 OF 2017 … Read More

CBDT notifies following countries and specified territories under section 9A(3)(b)

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August, 2017 (INCOME-TAX) S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following countries and specified territories, mentioned… Read More

CBDT notifies conditions Not applicable to category I & II FPI under section 9A IT Act

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August, 2017 (INCOME-TAX) S.O. 2455(E).—In exercise of the powers conferred by the proviso to sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the conditions specified in clauses (e),… Read More

RBI corrects circular on Marginal Standing Facility

Marginal Standing Facility (Corrected) RBI/2017-2018/31 FMOD.MAOG. No. 122/01.18.001/2017-18 August 2, 2017 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by… Read More

Listed companies to disclose Loan defaults within one working day to SEBI

CIRCULAR CIR/CFD/CMD/93/2017 … Read More

Tradability of Sovereign Gold Bond Scheme 2017 -18 – Series II: SEBI

Tradability of Sovereign Gold Bond Scheme 2017 -18 - Series II (Issued on July 28, 2017) Sovereign Gold Bonds, issued on July 28, 2017, held in dematerialised form, shall be eligible for trading (in terms of Para 17 of Government of India notification) with effect from August 8, 2017 (Tuesday) on stock exchanges recognised by… Read More

Implementation of GST in Customs-Changes in S/B Declaration:CBEC

OFFICE OF THE COMMISSIONER OF CUSTOMS, NHAVA SHEVA-II EDI (Centralised)SECTION,JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA,DIST:RAIGAD. PIN-400707 F.NO. S/12-Gen-Misc-151/17-18 DBK NS-II Date 02.08.2017 Fax:022-27243245 e-mail:edi@jawaharcustoms.gov.in PUBLIC NOTICE NO- 100/2017 Subject: Implementation of GST in Customs-Changes in S/B Declaration-reg.- ----------- Attention of Importers/Exporters, Custom Brokers & Trade is invited to Public Notice -80/2017 dated 27.06.2017 on the… Read More

DGFT amends Import policy of Cigarettes or any other Tobacco product

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 18/2015-2020 New Delhi, Dated: 1 August, 2017 Subject: Amendment in Para 13 of the General Notes Regarding Import Policy of ITC (HS), 2017 – Schedule –1 (Import Policy) S.O. (E): In exercise of powers conferred by Section… Read More

DGFT issues proforma for issue of Certificate of Origin for Export of bamboo products

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Public Notice No. 15/2015-2020 New Delhi, dated the 02 August, 2017 Subject:- Export policy of Muli-bamboo and bamboo products — Proforma for issue of Certificate of Origin (COO) regarding. In exercise of the powers conferred under Paragraphs… Read More