Corporate Law Reporter - The Daily Journal

Companies (Audit and auditors) Amendment Rules ,2015

Ministry of Corporate Affairs Notification New Delhi, the 14th December, 2015 G.S.R.972(E). - In exercise of the powers conferred by sub-section (12) of section 143 read with sub-section (1) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Audit and… Read More

LLP Services on MCA portal will not be available, from 19-Dec-2015, 09:15 PM to 20-Dec-2015, 1:00 AM and 20-Dec-2015, 7:00 AM to 8:30 AM

LLP Services on MCA portal will not be available, from 19-Dec-2015, 09:15 PM to 20-Dec-2015, 1:00 AM and 20-Dec-2015, 7:00 AM to 8:30 AM . We regret the inconvenience caused and request the stakeholders to plan accordingly. Read More

Latest Book on Companies Act, 2013 – It’s Different !

Are you tired of collating over 100 notifications, circulars and orders under Companies Act, 2013; linking the same with the relevant sections and simultaneously ensuring that you don't miss the relevant rules applicable to the respective sections? Finally, there is good news for the Purists i.e. professionals who love to read Law, only Law and nothing… Read More

RBI denies Message on Currency Notes circulating on Social Media

The Reserve Bank of India has today denied having issued a communication circulating on social media alerting members of public that banks will not accept currency notes with scribbling on them from January 1, 2016. The Reserve Bank has reiterated that all currency notes issued by it are legal tender and banks and members can… Read More

Amendment of Central Excise Rules, 2002

Note.- The principal rules were published in the Gazette of India vide notification number 04/2002- Central Excise (N.T.), dated the 1st March, 2002 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 143(E) , dated the 1st March, 2002 and last amended by notification number 08/2015-Central Excise(NT), dated… Read More

India’s Foreign Trade (Merchandise): November, 2015

A. EXPORTS (including re-exports) Exports during November, 2015 were valued at US$ 20014.22 million (Rs. 132328.24 crore) which was 24.43 per cent lower in Dollar terms (19.03 per cent lower in Rupee terms) than the level of US$ 26485.71 million (Rs. 163427.94 crore) during November, 2014. Cumulative value of exports for the period April-November 2015-16 was… Read More

Facility for Basic Services Demat Account (BSDA)

CIRCULAR CIR/MRD/DP/ 20 /2015 December 11, 2015 To, The Depositories Dear Sir/ Madam, Subject: Facility for Basic Services Demat Account (BSDA) 1. SEBI vide circular no. CIR/MRD/DP/22/2012 dated August 27, 2012 had introduced the facility of “Basic Services Demat Account” (BSDA) with limited services for eligible individuals with the objective of achieving wider financial inclusion… Read More

Govt investigating over 2,000 people flagged by MCA

The income tax department has started investigating the 2,627 people who are directors on board of more than 20 companies, and were flagged by the ministry of corporate affairs as violators of the Companies Act 2013. The corporate affairs ministry had shared the details regarding these individuals with the special investigation team (SIT) on black… Read More

Testing of software used in or related to Trading and Risk Management

CIRCULAR CIR/CDMRD/DEICE/03/2015 December 11, 2015 To, The Managing Directors / Chief Executive Officers All National Commodity Derivatives Exchanges Sir/Madam, Subject: Testing of software used in or related to Trading and Risk Management 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations… Read More

New facility of pre-filling TDS data while submitting online rectification

The Central Board of Direct Taxes (CBDT) has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return. Taxpayers were required to fill-in complete details of the entire TDS schedule while applying for rectification on the e-filing portal of the Income-tax Department (www.incometaxindiaefiling.gov.in). Errors due to incomplete TDS details… Read More

Seeks to further amend notification No 39/96-Customs dated 23.07.1996

Note.- The principal notification No.39/96-Customs dated the 23rd July, 1996 was published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 291 (E), dated the 23rd July,1996 and last amended vide notification No. 42/2015-Customs dated the 30th July, 2015, published in Gazette of India, Extraordinary part II, Section 3, Sub-section… Read More

Amendment in Principal Notification No. 12/97-Customs(N.T.) dated 02.04.1997

Note.- The Principal notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R193. (E), dated the 2nd April, 1997 and last amended vide notification No. 103 /2015-CUSTOMS (N.T.), dated the 03rd November, 2015 vide number G.S.R. 833( E),… Read More

Cabinet approves Real Estate (Regulation and Development) Bill, 2015

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing by the Parliament. The Real Estate (Regulation and Development) Bill is a pioneering initiative… Read More