Legal Updates - Corporate Law Reporter

Allocation of quantity for export of preferential quota sugar to USA under TRQ quota:DGFT

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India Ministry of Commerce & Industry Department of Commerce Udyo2 Bhawan Public Notice No. 13/2015-2020 New Delhi, dated the 27 July, 2017 Subject:- Allocation of quantity for export of preferential quota sugar to USA under TRQ quota. In exercise of the powers conferred under Paragraphs… Read More

Modification of SION existing at SI. No E 8 for export product “Cashew Kernel”

(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. 12/2015-2020 New Delhi, Dated 27 July, 2017 Subject: Modification of SION existing at SI. No E 8 for export product “Cashew Kernel” In… Read More

Filing of online return of DVAT for Q1, 2017-18 extended till 17 Aug 2017

Filing of online return for first quarter of 2017-2018- extension of period thereof. In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I, H.Rajesh Prasad, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of first quarter return for the year… Read More

CBDT releases notification on the treatment of income by HP electricity commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th July, 2017 S.O. 2384(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Himachal Pradesh Electricity… Read More

Govt. continues to impose Anti-dumping duty on imports of the “Polytetra fluoroethylene”

[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. 36 /2017-Customs (ADD) New Delhi, the 28th July, 2017 G.S.R…. (E). - Whereas, the designated authority vide notification no.15/11/2016 DGAD , dated the 8th July, 2016 published in the… Read More

Govt. amends NOT No. 96/2008-Customs

[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. 68/2017-Customs New Delhi, 27 th July, 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

Clarification regarding exports under claim for drawback in the GST scenario:CBEC

Circular No. 32/2017 - Customs F. No. 609/64/2017-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs *** New Delhi, dated 27th July, 2017 To, Principal Chief Commissioners / Principal Directors General, Chief Commissioners / Directors General, Principal Commissioners / Commissioners, all under CBEC Madam/Sir, Sub: Clarification… Read More

SEBI meets Market Infrastructure Institutions to discuss Cyber Security and Technology

PR No. 48/2017 SEBI meets Market Infrastructure Institutions to discuss Cyber Security and Technology SEBI convened a meeting on July 28, 2017 with Stock exchanges, Clearing Corporations and Depositories (Market Infrastructure Institutions-MIIs) operating in the domestic market and GIFT IFSC in order to assess their preparedness on areas related to Cyber Security, Technology and Systems… Read More

Stressed Assets with Banks represent unique opportunity for Asset Reconstruction Companies and Private Equity Firms: Finance Minister

Stressed Assets with Banks represent unique opportunity for Asset Reconstruction Companies and Private Equity Firms: Finance Minister The Union Finance Minister, Sh. Arun Jaitley today stated that the opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for Asset Reconstruction Companies (ARCs) and Private Equity… Read More

Rate Revision of Interest by NABARD :RBI

Rate Revision of Interest by NABARD The Reserve Bank of India (RBI) vide its Master Direction dated March 03, 2016 on ‘Interest Rate on Advances’, has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks (excluding RRBs). As per these directions, the banks prescribe a comprehensive policy on Interest Rate on Advances duly… Read More

Accidental Insurance for RuPay ATM Card Holders

Accidental Insurance for RuPay ATM Card Holders All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover. RuPay Classic cardholders are eligible for cover of Rs.1 lakh, whereas RuPay Premium cardholders are eligible for cover of Rs.2 lakh. Insurance premium is paid by the National Payments Corporation of India. 872… Read More

RBI sets up Supervisory Colleges for 6 Commercial Banks with International presence

RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:- State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank… Read More

Highlights of actions taken by task force against Shell companies

‘Task Force on Shell Companies’ for effectively tackling the malpractices A ‘Task Force on Shell Companies’ under the Joint Chairmanship of Revenue Secretary and Secretary, Ministry of Corporate Affairs was constituted in February, 2017 for effectively tackling the malpractices by shell companies/ponzy companies/khoka companies in a comprehensive manner adopting whole of the government approach. Other… Read More