Corporate Law Reporter - The Daily Journal

CLR Snippets | President’s Rule in Jharkhand revoked

The President of India, Shri Pranab Mukherjee has today (July 13, 2013) signed the Proclamation under clause (2) of the Article 356 of the Constitution revoking the Proclamation issued on 18 January 2013, in relation to the State of Jharkhand. Read More

Know Your Customer Norms/Anti-Money Laundering Standards/Combating of Financing of Terrorism/Obligations under PMLA, 2002

RBI/2013-14/135 DBOD.AML.BC.No.29 /14.01.001/2013-14 July 12, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002 We invite a reference to paragraph 89 (extracts… Read More

Overseas Investments Shares of SWIFT

RBI/2013-14/131 A.P. (DIR Series) Circular No.8 July 11, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Overseas Investments Shares of SWIFT Attention of the Authorised Dealers (AD) is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 notified by the Reserve Bank vide Notification No. FEMA 120-RB-2004… Read More

Internationalisation and Integration of Asian Capital Markets

Internationalisation and Integration of Asian Capital Markets: Expanded Role for Asian Currencies, including the Renminbi - Comments by Shri G. Padmanabhan. ED, RBI at Singapore on July 12, 2013 I am indeed indebted to the organizers, Lee Kuan Yew School of Public Policy, National University of Singapore for providing me this opportunity to share my thoughts… Read More

Customs notifictation on Tiruchirappalli Airport for courier import and export operations

[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) Notification No.74/2013-Customs (N.T.) New Delhi, dated the 12th July, 2013 G.S.R.----- (E). - In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs… Read More

ACC Appointments

The Appointments Committee of the Cabinet has approved the following appointments: (i) Smt.Sujatha Singh, IFS (1976), Ambassador of India to Germany, as Officer on Special Duty in the Ministry of External Affairs in the rank and pay of Secretary with effect from 15.07.2013 and till her assumption of charge as Foreign Secretary. (ii) Shri Anup Wadhawan,… Read More

India™s Foreign Trade: June, 2013

EXPORTS (including re-exports) Exports during June, 2013 were valued at US $ 23785.64 million (Rs. 138901.73 crore) which was 4.56 per cent lower in Dollar terms (0.53 per cent lower in Rupee terms) than the level of US $ 24923.11 million (Rs. 139644.68 crore) during June, 2012. Cumulative value of exports for the period April-June 2013 -14… Read More

India – US to revive Ministerial Trade Policy Forum

Anand Sharma Meets USTR Michael Froman; Both Agree to Revive Ministerial Trade Policy Forum The Union Minister of Commerce & Industry Shri Anand Sharma yesterday held bilateral discussions with the US Trade Representative Mr. Michael Froman in Washington. Shri Sharma and Mr. Froman discussed a range of bilateral issues from the perspective of advancing the agenda of… Read More

Customs Amendment Notification – Entry substitution for tariff item 711302 (Articles of jewellery and parts thereof, made of silver)

[TO BE PUBLISHED IN PART II, SECTION 3, SUB -SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY,] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 71/2013-CUSTOMS (N.T.) New Delhi, the 10th July, 2013 G.S.R. 472 (E). In exercise of the powers conferred by sub-section (2) of section 75 of theCustoms Act, 1962 (52 of 1962), sub-section (2)… Read More

Amount received in the form of grants-in-aid from the Central Government – Gujarat State AIDS Control Society

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 52/2013 DATED 5-7-2013 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Gujarat State AIDS Control Society, a body constituted by the Government… Read More

Customs Amendment notifications – substitution of items

[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. 34 /2013 - Customs New Delhi, the 8th July, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the Central… Read More

Notification relating to DVAT Rules (Second amendment)

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-I) DEPARTMENT DELHI SACHIVALAYA, I. P. ESTATE: NEW DELHI-110002 No.F.3(4)/Fin.(Rev-I)/2013-14/DS-VI/519 Dated the 09.07.2013 NOTIFICATION No.F.3(4)/Fin.(Rev-I)/2013-14 . In exercise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3… Read More

22 Banks authorized for payment of VAT

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONA CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No.F.7(400)/Policy/VAT/2011/383-396 Dated:05/07/2013 NOTIFICATION In exercise of the powers conferred under sub rule (2) of Rule 31 of Delhi Value Added Tax Rules, 2005 (hereinafter referred to… Read More