Corporate Law Reporter - The Daily Journal

Cabinet approves grant of Permanent Residency Status to Foreign Investors

Press Information Bureau Government of India Cabinet 31-August-2016 13:23 IST Cabinet approves grant of Permanent Residency Status to Foreign Investors The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the… Read More

Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016

RBI/DNBR/2016-17/46 Master Direction DNBR.PD.009/03.10.119/2016-17 September 02, 2016 Master Direction- Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 The Reserve Bank of India, (the Bank), in exercise of the powers conferred under section 45JA of the Reserve Bank of India Act, 1934 (hereinafter referred to “the Act”), and of all the powers enabling it… Read More

MCA releases new Forms 20B and 23AC

Forms 20B and 23AC were recently revised on MCA21 Company Forms Download page. Stakeholders are advised to check the latest version before filing. Read More

Amendment to Schedule V of Companies Act, 2013

The Ministry of Corporate Affairs has issued Notification for amendment to Schedule V of Companies Act, 2013 dated 12th September, 2016 Amendment to Schedule V of Companies Act, 2013 Read More

GST Implementation Classroom (Mumbai & Chennai)

Relaxation of additional fees for filing Form IEPF-1

General Circular No 10/2016 No.05/05/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, “A” Wing, Shastri bhawan, Dr. R.P. Raod, New Delhi-110001 Dated: - 07.09.2016 To The IEPF Authority, All Regional Directors, All Registrar of Companies, All Stakeholders, Subject: Relaxation of additional fees for filing Form IEPF-1 Sir, The Ministry had deployed the V2R2 … Read More

Companies (Mediation and Conciliation) Rules

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th September, 2016 G.S.R(E)- In exercise of the powers conferred under section 442 read with section 469 of the Companies Act, 2013(18 of 2013), the Central Government hereby makes the… Read More

MCA releases Commencement notification dated 09.09.2016

[To be published in the Gazette of India, Extraordinary Part II, Section 3, Sub-Section(ii)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 9th September, 2016 S.O.____(E).-In exercise of the powers conferred by sub-section(3) of section 1 of the Companies Act, 2013(18 of 2013), the Central Government hereby appoints 9th September, 2016 as… Read More

Landmark day for the Indian Economy as the GST Bill receives President’s Assent

With the Goods and Service Bill, 2014 receiving the Presidential Assent, the Government’s plan to standardize all indirect taxes Pan-India has finally been formalized. The Bill bringing with it an amendment to the Constitution as well, seeks to reform the tax structure in the country by aggregating the Government revenue through taxes under one head.… Read More

ICAI President’s Message – September 2016

Dear professional colleagues, The whole nation celebrates 5th September as Teachers’ Day, which is the birthday of our second President Dr. Sarvepalli Radhakrishnan. He had said that teachers should be the best minds in the country. We are what our parents and teachers want us to be. Dr. A. P. J. Abdul Kalam said: If… Read More

Income Tax Return due date extended to 17th October 2016 due to IDS 2016

F.No. 225/195/2016-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA.II Divison New Delhi, the 9th September, 2016 Order under Section 119 of the Income-Tax Act, 1961 The last date for making declarations under the Income Tax Declaration Scheme 2016 is 30th September, 2016 which coincides with… Read More

Transaction Charges by Commodity Derivatives Exchanges

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/82 September 07, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges Sir / Madam, Sub: Transaction Charges by Commodity Derivatives Exchanges 1. The Commodity Derivatives Exchanges are collecting transaction charges from the members for the trades executed on their trading platform. In order to promote competition in the… Read More

Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/83 September 07, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub.: Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments,… Read More