Legal Updates - Corporate Law Reporter

Training at Registrar of Companies/ Official Liquidator/Regional Directors

Ministry of Corporate Affairs has agreed to provide part of training( 6 Months ) of 15 Months training in its various offices RD/ROC/OL at the stipend of Rs. 10000/ and Rs. 7000/- per month for Professional Pass and Executive Pass students respectively. The following offices have requirement of Management Trainees: Ã˜ OL & ROC, Jammu &… Read More

Cheating case against Former FIFA referee

Former Fifa referee Benjamin Silva has come under the scanner with a Goa Football Federation official accusing him of "cheating, impersonating and misrepresenting" facts to prolong his international career. "Former Fifa referee and present Deputy Chairman of the referees Committee of Goa Football Association, Benjamin Incacio Conceicao Silva has submitted to the GFA and AIFF… Read More

Fake ration cards: Govt to take action against officials

Worried over the circulation of a large number of fake ration cards, Orissa government has asked collectors of eight districts to initiate criminal proceedings against the responsible officials. The department of food supplies and consumer welfare asked the collectors of Bolangir, Kalahandi, Koraput, Nuapada, Malkangiri, Nabarangpur, Rayagada and Sonepur to act against officials involved in… Read More

Companies (Amendment) Regulations, 2011

GSR - (E):- In exercise of the powers conferred by sub-sections (1), (2),(5) and (8) of section 25 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following regulations further to amend the Companies Regulations, 1956, namely:- 1. (1) These regulations may be called the Companies (Amendment) Regulations, 2011 (2)… Read More

MCA: Companies (Accounting Standards) Amendment Rules, 2011

GOVERNMENT OF INDIA, MINISTRY OF CORPORATE AFFAIRS New Delhi, dated 11 May, 2011 G.S.R. (E).- In exercise of the powers conferred by clause (a) of sub-section (1) of Section 642 read with sub-section (1) of Section 21A and sub-section (3C) of Section 211 of the Companies Act, 1956 ( 1 of 1956), the Central Government… Read More

Murli Deora Stresses to expedite the Process of Liquidation Of Companies

Union Minister for Corporate Affairs Shri Murli Deora has desired that concerted action to be taken to expedite the process of liquidation of companies which is currently taking inordinately long. In the conference of Official Liquidators organised by the Ministry recently to discuss ways for expediting liquidation process the it was opined that one of… Read More

Google close to settling US investigation for accepting ads from online pharmacies

Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report. Attributing to a source, The Wall Street Journal reported, "Google is close to settling a US criminal investigation into allegations it made hundreds of millions of… Read More

Haryana Gov urged IRS officers to curb pilferage of taxes

Haryana Governor Jagnnath Pahadia today urged the officers of Indian Revenue Service (IRS) to curb the menace of hoarding and pilferage of taxes, according to an official release. The Governor was speaking at a function to give away completion certificates of the On-the-Job-Training Course to the 64th Batch of Probationer Officers of Indian Revenue Service… Read More

Customs Tariff Notification : Palm Oil, Palmolien, Brass Scrap and Poppy 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. 34/2011 - Customs (N. T.) New Delhi, 13th May, 2011 23 Vaisakha, 1933 (SAKA) S. O¦ (E) In exercise of the powers conferred by sub-section… Read More

Prosecution provisions in Finance Act, 1994

F. No. 354/45/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) ****** New Delhi dated the 12th May, 2011. To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of Service Tax (All),… Read More

India Signs DTAA with Republic of Colombia

India Signs DTAA with Republic of Colombia for Avoidance of Double Taxation and for Prevention of Fiscal Evasion with Respect to Taxes on income India today signed a Double Taxation Avoidance Agreement (DTAA) with the Republic of Colombia for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes… Read More

India ratifies UN Conventions against Transnational Organised Crime and Corruption

India has ratified the United Nations Convention against Transnational Organised Crime and its three protocols and the United Nations Convention against Corruption. The United Nations Convention against Transnational Organised Crime is the main international instrument in the fight against transnational organized crime. It recognizes the need to foster and enhance close international cooperation in order… Read More

Committee to Review Deemed Export Invites Suggestions from Stakeholders

The first meeting of the Committee to review the existing policy on Deemed Export was held this week. The meeting was attended by Dr. Alok Sheel, JS (MR) Department of Economic Affairs, Shri M.C. Singhi, Senior Economic Advisor, Department of Industrial Policy and Promotion, Dr. Arbind Prasad, Senior Advisor Planning Commission, Shri Chandan Sinha, Regional… Read More