Corporate Law Reporter - The Daily Journal

Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public

RBI/DCM/2016-17/36 Master Direction DCM (CC) No.G-4/03.41.01/2016-17 July 20, 2016 The Chairman and Managing Director / Chief Executive Officers, All Banks Madam / Dear Sir, Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public In terms of the Preamble and under Section 45 of… Read More

Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances

RBI/DCM/2016-17/35 Master Direction DCM(CC) No.G -2/03.35.01/2016-17 July 20, 2016 1. The Chairman & Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The Director of Treasuries (State Governments) Dear Sir/Madam Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances… Read More

One Full Day Workshop on GST in Gurgaon on 29th July

Companies (Share Capital and Debentures) Third Amendment Rules, 2016

The Ministry of Corporate Affairs has issued rules dated 19.07.2016 regarding Companies (Share Capital and Debentures) Third Amendment Rules, 2016. Please click on the below link to access the rules: Companies (Share Capital and Debentures) Third Amendment Rules, 2016. Read More

In exercise of the powers conferred by sub- section (1) of section 381 of the Companies Act, 2013

The Ministry of Corporate Affairs has issued notification dated 19.07.2016 regarding sub- section (1) of section 381 of the Companies Act, 2013. Please click on the below link to download the notification: In exercise of the powers conferred by sub- section (1) of section 381 of the Companies Act, 2013 Read More

Appointment of Members on QRB of Institute of Chartered Accountants of India

GOVERNMENT OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th July, 2016 G.S.R. 681(E).-In exercise of the powers conferred by section 28A of the Chartered Accountants Act, 1949 (38 of 1949), the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Corporate Affairs, vide… Read More

Income Tax order by sub-section (2) of section 138 of the Income-tax Act, 1961

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) ORDER New Delhi, the 6th July, 2016 S.O.2322 (E)- In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961(43 of 1961), the Central Government… Read More

Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations

CIRCULAR CIR/MRD/DRMNP/65/2016 July 15, 2016 To All recognized Clearing Corporations Dear Sir / Madam, Sub: Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations 1) Currently, Fixed Deposit Receipts of banks are accepted by Clearing Corporations as eligible collateral from the participants. 2) It is observed that some banks who are also trading members/ clearing… Read More

“Corporate Social Responsibility (CSR) ”

“Corporate Social Responsibility (CSR) ” Introduction:- As the world is progressing, scams have taken over the economy and India is also not an exception. Where Enron scam gave birth to Sarbens-Oxely Act, Satyam scan raised a few eyebrows about corporate responsibility towards the society. Now we will learn about what corporate social responsibility (CSR) is… Read More

SEBI Updates

Dear Professional Colleague, SEBI: The Securities and Exchange Board of India has issued Consultation paper for Disclosure of financial information in offer document/ placement memorandum and for Valuation in respect of SEBI (Infrastructure investment trusts) Regulations, 2014. The SEBI (Infrastructure investment trusts) Regulations, 2014 (InvIT Regulations) were notified on September 26, 2014, thereby providing a… Read More

Commercial Contracts Masterclass

Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks

RBI/2016-17/17 DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017 July 1, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir, Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks As you are aware, the… Read More

Companies (cost records and audit) Amendment Rules, 2016

The principal rules were published in the Gazette of India, Extraordinary, Part ll, Section 3, Subsection (i), vide number G.S.R. 425 (E), dated the 3oth June, 2014 and amended vide number G.S.R. 01(E), dated the 31st December, 2014 and vide number G.S.R. 486 (E), Dated the 12th June, 2015. Please click on the below link to… Read More