Legal Updates - Corporate Law Reporter

SEBI amends guidelines on participation of EFI’s and FPIs in IFSC

SEBI amends the Guidelines for participation/functioning of Eligible Foreign Investors (EFIs) and FPIs in IFSC CIRCULAR SEBI/HO/CIR/P/2017/79 … Read More

Discussion Paper on Growth and Development of Equity Derivatives Market in India :SEBI

Discussion Paper on Growth and Development of Equity Derivatives Market in India Objective 1. To solicit the comments/views from stakeholders including on issues related to trading in derivatives, participant’s profile, product mix, stock eligibility, leverage related matters and product suitability framework to further strengthen the framework in line with the emerging trends and global best… Read More

Govt. amends Securities Contracts (Regulation) Rules , 1957

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd July, 2017 G.S.R. 822(E).— In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:— 1. (1)… Read More

Guidelines for selection of cases for scrutiny during the FY 2017-2018:CBDT

Instruction No. 05/2017 Government of India Ministry of Finance Department of Revenue (CBDT) North-Block, New Delhi the 7th of July, 2017 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax All Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject: Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd.- In supersession of earlier… Read More

MoS to release a Compendium of Best Practices of CSR tomorrow

The Minister of State of Finance and Corporate Affairs Shri Arjun Ram Meghwal to release a Compendium of CSR : Best Practices in India tomorrow; Compendium to highlight and motivate the best CSR practices of Corporate contributed under CSR projects towards nation building efforts for sustainable development. The Minister of State of Corporate Affairs and… Read More

CG constitutes a Committee under Mines Act, 1952

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 19th June, 2017 S.O. 2175(E).— In exercise of the powers conferred by section 12 of the Mines Act, 1952 (35 of 1952) read with rule 3 of the Mines Rules, 1955, and in supersession of the notification of the Government of India in the Ministry of… Read More

UIDAI amend the Aadhaar (Enrolment and Update) Regulations, 2017

UNIQUE IDENTIFICATION AUTHORITY OF INDIA NOTIFICATION New Delhi, the 11th July, 2017 AADHAAR (ENROLMENT AND UPDATE) (THIRD AMENDMENT) REGULATIONS, 2017 (No. 3 of 2017) No. 13012/79/2017/Legal-UIDAI (No. 3 of 2017).—In exercise of the powers conferred by sub-section (1) and sub-clause (n) of sub-section (2) of Section 54 of the Aadhaar (Targeted Delivery of Financial and… Read More

CBEC amends Not. No. 50/2017-Customs, dt. 30th June, 2017

Central Government makes the following amendments in the notification No. 50/2017-Customs, dated the 30th June, 2017. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th July, 2017 No. 66/2017-Customs G.S.R. 853(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section… Read More

Government of India announce Sale (Re-issue) of Floating Rate Bonds through auction: PIB

Auction for Sale (Re-issue) of ‘Government of India Floating Rate Bonds Auction for Sale (Re-issue) of Government Stocks Public Information Bureau Government of India Ministry of Finance 10-July, 2017 17:09 IST Government of India has announced the Sale (re-issue) of (i) “Government of India Floating Rate Bonds 2024” for a notified amount of Rs.… Read More

FM launches a new tax payer service module ‘Aaykar Setu’

FM launches a new tax payer service module ‘Aaykar Setu’ that compiles various tax tools, live chat facility, dynamic updates, and important links to various processes within the Income Tax Department in a single module; Public Information Bureau Government of India Ministry of Finance 10-July, 2017 17:09 IST Says that this e-initiative would… Read More

Extension of NPS Fortnight from 11th July, 2017 to 21st July, 2017

Public Information Bureau Government of India Ministry of Finance 10-July, 2017 18:50 IST Extension of NPS Fortnight from 11th July, 2017 to 21st July, 2017. With a view to promote and create awareness about the National Pension System (NPS) and improve the quality of services provided to the subscribers, PFRDA is observing NPS… Read More

Corrigendum: RBI not. transfer of accounts with 25% NPA refers under the IBC

The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’. The third line of paragraph no. 5 of the Press Release, which reads as follows: “5. ...Such cases will be accorded priority… Read More

CBEC clarifies issues related to furnishing of Bond/ Letter of Undertaking for Exports

Circular No. 2/2/2017-GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 4 thJuly, 2017 To, The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) Madam/Sir, Subject: Issues related to furnishing of Bond/ Letter of Undertaking… Read More