Corporate Law Reporter - The Daily Journal

SEBI Introduces online filing system for Foreign Venture Capital Investors

SECURITIES AND EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2017/75 … Read More

RBI issues Operational Guidelines for Sovereign Gold Bonds, 2017-18

RBI/2017-18/18 IDMD.CDD.No.29/14.04.050/2017-18 July 06, 2017 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds, 2017-18 – Series II - Operational Guidelines This has reference to the GoI notification F.No.4(20)-B/(W&M)/2017 and RBI… Read More

NBFC– SIND Directions prohibits NBFC from PoP Services under PFRDA for National Pension System

RBI/2017-18/16 DNBR(PD)CC.No.087/03.10.001/2017-18 July 06, 2017 All NBFCs Madam/ Sir, Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA) for National Pension System (NPS) Please refer to Para 111 of Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 prohibiting NBFCs from undertaking PoP Services under… Read More

Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions :RBI

RBI/2017-18/15 DBR.No.Leg.BC.78/09.07.005/2017-18 July 6, 2017 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks and Payments Banks Dear Sir/ Madam, Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions Please refer to our circular DBOD.Leg.BC.86/09.07.007/2001-02 dated April 8, 2002 regarding reversal of erroneous debits arising from fraudulent or other transactions. 2. With the… Read More

Compendium of Guidelines on Financial Inclusion and Development: RBI

RBI/2017-18/14 FIDD.CO.SFB.No.9/04.09.001/2017-18 July 6, 2017 The Chairman/ Managing Director/ Chief Executive Officer Small Finance Banks Dear Sir/Madam, Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the… Read More

CG exempts services imported by unit or developer in SEZ from Integrated Tax

NOTIFICATION New Delhi, the 5th July, 2017 No. 18/2017 -Integrated Tax (Rate) G.S.R. 835(E).—In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do and… Read More

Central Government rescinds NOT. 15/2017- IT(Rate) dt 30th June, 2017

NOTIFICATION New Delhi, the 5th July, 2017 No. 17/2017 -Integrated Tax (Rate) G.S.R. 834(E).—In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby… Read More

Govt. exempts goods imported by unit or developer in SEZ for authorised operations

MINISTRY OF FINANCE (Department of Reveune) NOTIFICATION New Delhi, the 5th July, 2017 No. 64/2017- Customs G.S.R. 833(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… Read More

Direct Tax Collections up to June, 2017 registers growth of 14.8% higher than last year

Public Information Bureau Government of India Ministry of Finance 06-July, 2017 19:14 IST Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at Rs.1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Budget… Read More

Central govt. decides to issue Sovereign Gold Bond Scheme 2017-18

Public Information Bureau Government of India Ministry of Finance 06-July, 2017 19:23 IST Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. … Read More

MCA constitutes GST Facilitation Cell

F. No. 32/1/2017-R&A R&A Division Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan Dr. Rajendra Prasad Road New Delhi-110001 Date 03/07/2017 OFFICE MEMORANDUM Subject: Constitution of GST Facilitation Cell of Ministry of Corporate Affairs (MCA) The Undersigned is directed to state that a GST Facilitation Cell has been… Read More

PFRDA observes NPS service fortnight to promote and create awareness about NPS

Public Information Bureau Government of India Ministry of Finance 06-July, 2017 16:21 IST PFRDA is observing NPS Service Fortnight from 27th June, 2017 to 11th July 2017 to promote and create awareness about the National Pension System (NPS) and improve the quality of services provided to the subscribers, With a view to promote and create… Read More

CBDT notifies Income-tax (19th Amendment) Rules, 2017.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th July, 2017 INCOME-TAX G.S.R. 826(E).—In exercise of the powers conferred by section 295 read with section 195 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to… Read More