Corporate Law Reporter - The Daily Journal

DGFT Amends Customs Notifications to implement Option to close cases of default in Export Obligation

[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) Notification No. 46/2013-Customs New Delhi, dated the 26th September, 2013 G.S.R. No. 659 (E),- In exercise of the powers conferred by sub-section (1) of section 25of the Customs Act, 1962 (52 of 1962), the… Read More

Amendment in Cenvat Credit Rules, 2004

[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) Notification No. 12 /2013-CE (NT) New Delhi, the 27th September, 2013 G.S.R. (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994… Read More

Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion

RBI/2013-14/298 UBD CO BPD (PCB) No.20/16.05.000/2013-14 September 27, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion Please refer to our circular UBD No. BPD 3/16.05.00/2004-05 dated July 13, 2004 on the captioned subject in terms of which UCBs were… Read More

Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks

RBI/2013-14/297 UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14 September 27, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Primary (Urban) Cooperative Banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in… Read More

RBI Security and Risk Mitigation Measures for Card Present Transactions

RBI/2013-14/296 DPSS (CO) PD No.719/02.14.011/2013-14 September 27, 2013 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/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions A reference… Read More

Arbitration Mechanism in Stock Exchanges

CIRCULAR CIR/MRD/ICC/29/2013 26.09.2013 The Managing Director/Executive Director, All Stock Exchanges. Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circular no. CIR/MRD/DSA/29/2010 dated August 31,2010 and MRD/DoP/SE/Cir-38/2004 dated October 28, 2004. Para 7.4 of the said circular no. CIR/MRD/DSA/29/2010 dated August 31,2010 is being modified. 2. The para 7.4 of aforementioned circular no.… Read More

SEBI Chairman to be the Chief Guest at the PHD Chamber’s Conference on Capital Markets Fraud

Presents National Conference on Capital Market Frauds and Malpractices - Genesis, Resolution and Prevention - Tentative Program Schedule | Registrations Open | To Participate Enter Details in Form below 0900-0930 Registration INAUGURAL SESSION 0930-0935 Welcome Address Mr. Suman Jyoti Khaitan | President, PHD Chamber 0935-0945 Theme Address Mr. Prithvi Haldea | Chairman, Capital Market Committee,PHD Chamber… Read More

SEBI circular w.r.t. Investor Grievance Redressal Mechanism

CIRCULAR CIR/MRD/ICC/30/2013 26.09.2013 The Managing Director/Executive Director, All Stock Exchanges. Dear Madam/Sir, Subject: Investor Grievance Redressal Mechanism 1) Reference may be made to CIR/MRD/DSA/03/2013 dated January 20, 2012, CIR/MRD/DSA/24/2010 dated August 11, 2010 and MRD/DoP/SE/Cir-38/2004 dated October 28, 2004. 2) With a view… Read More

Dr. Raghuram Rajan Committee Report for Evolving a Composite Development Index of States

Report of the Dr. Raghuram Rajan Committee for Evolving A Composite Development Index of States Submitted to the Union Finance Minister ; Committee Proposes A General Method for Allocating Funds From the Centre to the States Based on Both A State™s Development Needs As Well As its Development Performance; The Report of the Dr. Raghuram Rajan… Read More

Time for Furnishing the Report of Audit Electronically Extended till October 31, 2013

It has come to the notice of the Central Board of Direct Taxes (CBDT) that many assessees who are required to file their income tax returns by September 30, 2013 are finding it difficult to upload the report of Audit electronically as prescribed under the proviso to sub-rule (2) of Rule 12 of the IT… Read More

RBI Assurance on Liquidity Management

Beginning with the Mid-Quarter Review of September 2013, the Reserve Bank of India began a calibrated unwinding of the exceptional measures undertaken since July so as to restore normalcy to financial flows. Currently, the Reserve Bank is injecting about Rs 1.5 trillion into the system on a daily basis through the liquidity adjustment facility (LAF),… Read More

RBI Working Paper Series 8 : Macroprudential Regulation and Bank Performance: Evidence from India

The Reserve Bank today placed on its website a Working Paper titled Macroprudential Regulation and Bank Performance: Evidence from India. The paper has been authored by Dr. Saibal Ghosh. In recent times, a lot of emphasis has been placed on financial sector reforms as a means to improve the overall functioning of the sector. As… Read More

Non-filers Monitoring System procedure re-examined by CBDT

INSTRUCTION NO. 14/2013 F. No. 225/153/2013/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block ITA-II, Division New Delhi 23th September, 2013 To All Chief-Commissioners of Income-tax All Directors-General of Income-tax Subject: Standard Operating Procedure for cases under Non-filers Monitoring System ('NMS')-regarding. The existing procedure for monitoring cases of 'Non-filers… Read More