Corporate Law Reporter - The Daily Journal

The GST Council to chair its 17th Meeting on Sunday, 18th June, 2017

Press Information Bureau Government of India Ministry of Finance 15-June, 2017 13:26 IST The Union Finance Minister to chair the 17th Meeting of the GST Council on Sunday, 18th June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 17th Meeting of the GST Council scheduled to be… Read More

The proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 is approved by cabinet

Press Information Bureau Government of India Cabinet 14-June-2017 13:16 IST Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive… Read More

Amendment in Exemptions granted to Section 8 Companies vide notification dated 5th June 2015

Vide Notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of section 462 read with section 8 of the companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the central Government, in… Read More

Amendment in Exemption granted to Government Companies vide notification dated 5th June 2015

Vide notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of subsection (1) of section 462 and in pursuance of sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public,… Read More

Exemption to Private Companies specially OPC, Small Companies & Start up companies

MCA vide notification dated 13th June 2017, in exercise of the powers conferred by clauses (a) and (b) of subsection(1) of section 462 and in pursuance of sub-section (2) of section 462 of the Companies Act, 2013 ('18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public,… Read More

RBI identifies 12 Accounts with 25% NPA refers under the IBC

RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC) The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter… Read More

CBEC amends CENVAT Credit Rules to carry forward the unavailed credit of Service tax under GST Regime

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th June, 2017 No. 15/2017-Central Excise (N.T.) G.S.R. 577(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the… Read More

Telecom Companies can avail remaining Cenvat Credit under GST regime

Press Release Subject:- Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST--reg. Cenvat Credit Rules, 2004 provide that credit of Service Tax paid in a financial year, on the onetime charges payable in full upfront or in instalments, for the service of assignment of the… Read More

How to Determine the Quality of an Online Casino

Are you looking for some quick online casinos that offer quality games? Well, this is exactly what I am talking about. Online casinos that are of good quality and offer great bonuses are not too difficult to find, you just have to look for them. This can be somewhat of a daunting task if you… Read More

Holiday Packages as Collective Investment Schemes : SEBI Perspectives and Ruling

EXECUTIVE SUMMARY The article delves into the recent Security Appellate Tribunal (“Tribunal”) judgment which has upheld the Security Exchanges Board of India (“SEBI”)- the (“Respondent”) order classifying the holiday schemes floated by Pancard Clubs Limited (“Appellants”) was indeed a Collective Investment Scheme (“CIS”) and thereby directing the Appellants to inter-alia, refund the sum of money… Read More

CBDT directs Taxpayers to link Aadhar with PAN post SC Judgement

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi,10th June, 2017 SUPREME COURT JUDGEMENT ON AADHAR-PAN LINKAGE 1. Honourable Supreme Court in its landmark judgement has upheld Section 139AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in… Read More

SEBI issues guidelines on product design and risk management on commodity exchanges

Securities Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2017/55 June 13, 2017 To, The Managing Directors / Chief Executive Officers All Commodity Derivatives Exchanges Dear Sir / Madam, Sub: Options on Commodity Futures- Product Design and Risk Management Framework 1. In consultation with Commodity Derivatives Advisory Committee (CDAC), SEBI vide Circular SEBI/HO/CDMRD/DMP/CIR/P/104 dated September 28, 2016 decided… Read More

SEBI consolidates guidelines for Investor Protection Fund applicable to Exchanges

Securities and Exchange Board of India CIRCULAR CIR/CDMRD/DEICE/CIR/P/2017/53 June13, 2017 To,… Read More