Corporate Law Reporter - The Daily Journal

Master Direction – Money Changing Activities

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction - Money Changing Activities In terms of Section 10 of the Foreign Exchange Management Act, 1999, Reserve Bank authorises persons designated as Authorised Persons to deal in foreign exchange as, inter alia, an Authorised… Read More

Amendment notification No 27/2011 of Customs Act, 1962 – dated 1.03.2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 4th January, 2016 Notification No.1/2016-Customs G.S. R. (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the… Read More

Amended notification No 27/2011- Customs dated 1.03.2011

Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Notification New Delhi, the 5th January, 2016 No. 01/2016-Customs (N.T.) G.S.R.......(E). In exercise of the powers conferred by sub-section (2) of section 146 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby… Read More

Recording of satisfaction note under section 158BD/153C of the Act

CIRCULAR NO. 24/2015 F.No.279/Misc./140 /2015/ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st December, 2015 Subject: Recording of satisfaction note under section 158BD/153C of the Act - reg.- The issue of recording of satisfaction for the purposes of section 158BD/153C has been subject matter of litigation.… Read More

Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin

RBI/FED/2015-16/2 FED Master Direction No. 6/2015-16 January 1, 2016 To All Authorised Dealer Category – I banks and Authorised Banks Madam/ Dear Sir, Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin Borrowing and lending transactions in Indian Rupees (INR) between persons resident… Read More

Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/FED/2015-16/16 FED Master Direction No.2/2015-16 January 1, 2016 To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses Rupee Drawing Arrangement (RDA) is a channel to receive cross-border remittances from overseas jurisdictions. Under this arrangement, the Authorised Category I… Read More

Master Direction- Compounding of Contraventions under FEMA, 1999

RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction- Compounding of Contraventions under FEMA, 1999 The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) hereinafter referred to as FEMA, 1999, permit compounding of contraventions and,… Read More

Master Direction – Reporting under Foreign Exchange Management Act, 1999

RBI/ FED/ 2015-16/13 FED Master Direction No. 18/ 2015-16 January 1, 2016 To, All Authorised Persons Madam/ Sir, Master Direction – Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking… Read More

Notification under section 458 of Companies Act, 2013: Delegating of powers to RDs under section 208 of the said Act

[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 31st December, 2015 S.O. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013) the Central Government hereby delegates to the Regional… Read More

Procedures for ensuring compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) by Listed Stock Exchanges.

CIRCULAR CIR/MRD/DSA/01/2016 January 01, 2016 All recognised Stock Exchanges/ Listed Stock exchange All Depositories Dear Sir/Madam, Sub: Procedures for ensuring compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) by Listed Stock Exchanges. 1. Regulation 45 of the SECC Regulations provides for listing of stock exchanges. As per Regulation 45(2)… Read More

Revised Contents of Application-Cum-Bidding Form and Manner of disclosure

CIRCULAR CIR/CFD/DIL/1/2016 January 01, 2016 To All Recognised Stock Exchanges All Depositories All Registered Merchant Bankers All Registered Registrars to an Issue and Share Transfer Agents All Registered Bankers to an Issue Dear Sir / Madam, Sub.: Revised Contents of Application-Cum-Bidding Form and Manner of disclosure 1. SEBI vide Circular no. CIR/CFD/POLICYCELL/11/2015 dated November 10,… Read More

Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 up to 200 investors in a financial year

CIR/CFD/DIL3/18/2015 December 31, 2015 To All Recognised Stock Exchanges Dear Sir/Madam, Sub: Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 up to 200 investors in a financial year. 1. Prior to April 01, 2014, offers of securities - shares and debentures - by… Read More

The Payment of Bonus (Amendment) Act, 2015

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 1st January, 2016/Pausha 11, 1937 (Saka) The following Act of Parliament received the assent of the President on the 31st December, 2015, and is hereby published for general information:— THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015 NO. 6 OF 2016 [31st December, 2015.] An Act further… Read More