Corporate Law Reporter - The Daily Journal

Full Day seminar on Commercial Contracts & JV Agreements, 22nd July, Mumbai & Bangalore

Miheer H Mafatlal Vs Mafatlal Industries Limited – Case study

Citation: AIR 1997 SC 506, (1997) 1 SCC 579 Bench: Supreme Court of India : S.B.Majumdar J Introduction: A Scheme of Amalgamation of M/s. Mafatlal Industries Limited [MIL] being the Transferee Company and Mafatlal Fine Spinning and Manufacturing Company Limited [MFL] being the Transferor Company was proposed The Learned Single Judge of Gujarat High Court had sanctioned the said scheme… Read More

Service Tax on Municipalities

In the Service Tax Mega Exemption Notification municipality is exempted from service tax with regard to • 25. Services provided to Government, a local authority or a governmental authority by way of – (a) carrying out any activity in relation to any function ordinarily entrusted to a municipality in relation to water supply, public health,… Read More

Companies (Appointment and Remuneration of Managerial personnel) Amendment Rules 2016

G.S.R. .-ln exercise of the powers confened by sub-sections (1) and (2) of section 469 of the companies Act,2013 (18 of 2013), the central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:- . (l) These rules may be called the Companies (Appointment and… Read More

Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)

RBI/2016-17/04 FIDD.GSSD.BC.No.01/09.10.01/2016-17 July 1, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks Dear Sir, Master Circular- Credit Facilities to Minority Communities Please refer to our Master Circular FIDD.GSSD.BC.No.05/09.10.01/2015-16 dated July 01, 2015, consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities. The Master… Read More

Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year)

RBI/FMRD/2016-17/32 FMRD.Master Direction No. 2/2016-17 July 7, 2016 All Eligible Market Participants Dear Sir/Madam, Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year) The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to the eligible… Read More

Master Direction – Regional Rural Banks – Priority Sector Lending – Targets and Classification

RBI/FIDD/2016-17/34 Master Direction FIDD.CO.Plan.2/04.09.01/2016-17 July 7, 2016 The Chairman All Regional Rural Banks Dear Sir/ Madam, MASTER DIRECTION-REGIONAL RURAL BANKS-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The guidelines for priority sector lending by Regional Rural Banks were revised by the Reserve Bank of India vide circular dated December 3, 2015. The Master Direction enclosed incorporates the updated… Read More

Master Direction – Priority Sector Lending – Targets and Classification

RBI/FIDD/2016-17/33 Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 July 7, 2016 The Chairman / Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Dear Sir/ Madam, MASTER DIRECTION-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. The Master… Read More

Long Term (Subordinated) Deposits (LTDs) – Review of guidelines

RBI/2016-17/7 DCBR.BPD.Cir No. 21/09.18.201/2016-17 Ashadha 16, 1938 July 7, 2016 All Primary (Urban) Co-operative Banks (UCBs), State / District Central Co-operative Banks (StCBs / DCCBs) Dear Sir / Madam Long Term (Subordinated) Deposits (LTDs) – Review of guidelines Please refer to our circulars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008 and RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014 prescribing… Read More

Master Circular on SHG-Bank Linkage Programme

RBI/2016-17/3 FIDD.FID.BC.No.06/12.01.033/2016-17 July 01, 2016 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir Master Circular on SHG-Bank Linkage Programme The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have instructions at… Read More

Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income – tax Act, 1961

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 6th July, 2016 Subject: Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income - tax Act, 1961. Vide Notification No. SO 892 (E) dated 31st March, 2015, Central Government notified… Read More

Details of allocation of NCLT benches

In consultation with the President, National Company Law Tribunal, the following judicial and Technical Members of National Company Law Tribunal are posted at the Benches as under. Click here to download details of allocation of NCLT benches Read More

Income-tax (19th Amendment) Rules, 2016

[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 [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 28th June, 2016 INCOME-TAX S.O. 2226 (E). – In exercise of the powers conferred by section 9 and section 285A, read with… Read More