Corporate Law Reporter - The Daily Journal

RBI includes Import of Services, Technical know-how and License Fees within the ECB Policy

RBI/2012-13/552 A.P. (DIR Series) Circular No.119 June 26, 2013 To All Authorised Dealer Category - I Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Import of Services, Technical know-how and License Fees Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations,… Read More

Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)

RBI/2012-13/551 IDMD.PCD. 12/14.03.02/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs) Please refer to our Notification IDMD.PCD.No.20/14.01.02/2011-12 dated March 05, 2012 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is… Read More

RBI Guidelines on Securities Transactions to be followed by Primary Dealers

RBI/2012-13/549 IDMD.PCD.13/14.03.07/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Guidelines on Securities Transactions to be followed by Primary Dealers Please refer to our Notifications IDMC.PDRS.PDS.No.2/03.64.00/2000-01 dated November 13, 2000 and IDMC. No. PDRS/2049A/03.64.00/99-2000 dated December 31, 1999 on the captioned subject. 2. The above directions have been reviewed and it has been decided that Primary Dealers are… Read More

Settlement of OTC transactions in Corporate Bonds on DvP-I basis

RBI/2012-13/550 IDMD.PCD. 11 /14.03.06/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Corporate Bonds on DvP-I basis Please refer to our Notification IDMD. No.1764/11.08.38/2009-10 dated October 16, 2009 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also… Read More

RBI Notification on Project and Services Export

RBI/2012-13/548 A.P. (DIR Series) Circular No.118 June 26, 2013 To All Authorised Dealer Category - I Banks Madam / Sir, Export of Goods and Services Project Exports Attention of Authorized Dealers is invited to Para B.7 (i) and C.5 (i) of Memorandum of Instructions on Project and Service Exports (PEM), enclosed to A.P.(DIR Series) Circular No.32… Read More

Standardizing the process of filing application under section 10(46) of the Income Tax Act, 1961

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES New Delhi the 24 June 2013 Subject : Standardizing the process of filing application under section 10(46) of the Income Tax Act, 1961. Under section 10(46) of the Income-tax Act, specified income arising to a body or authority or Board or Trust or Commission,… Read More

Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security

RBI/2012-13/547 DIT.CO(Policy)No. 2636/09.63.025/2012-13 June 26, 2013 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security Please refer paragraph 102 of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order… Read More

Anti Dumping Duty on product from Chinese Taipei – extended till 27th April 2014

[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. 13/2013-Customs (ADD) New Delhi, dated the 25th June, 2013 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/19/2012-DGAD, dated the 25th April, 2013, published in Part I, Section 1… Read More

Group ‘A’ Transfer and posting of Deputy/Asstt. Commissioners of Income-tax

T&P-DCs/ACsIT F. No. P -328/T&P /DC- ACIT /2013 -14/ 3466 OFFICE OF THE CHIEF COMMISSIONER OF INCOME TAX DELHI-I, NEW DELHI Dated : 18th June, 2013 ORDER NO. 39 /G.O./ 2013-14 Sub:- Estt. Group 'A' - Transfer and posting of Deputy/Asstt. Commissioners of Income-tax - Reg. The following transfers and postings in the grade of Deputy/Assistont.… Read More

Anti Dumping Duty on product from Korea RP – to remain in force till 9th June 2014

[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-Customs (ADD) New Delhi, dated the 25th June, 2013 G.S.R. (E).- Whereas, the designated authority vide notification No. 15/30/2013-DGAD, dated the 6th June, 2013, published in Part I, Section 1… Read More

Customs Tariff Notification – Amendments to Notification No. 36/2001-Customs (N.T.) dated the 3rd August , 2001

[TO BE PUBLISHED IN PART II, SECTION -3, SUB-SECTION (II)] THE GAZETTE OF INDIA, EXTRAORDINERY GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSOTMS) Notification No. 67/2013-Customs (N.T.) New Delhi, 25th June, 2013 4 Ashadha, 1935 (SAKA) S.O¦(E)- In exercise of the powers conferred by Sub section (2) of section 14 of… Read More

Karnataka Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Karnataka was finalised today at a meeting between Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission and Shri. Siddaramaiah, Chief Minister of Karnataka. The Plan size has been agreed at Rs. 47,000 crore which includes the central assistance to the State Plan of about Rs. 3,549 crore.… Read More

Direct Benefit Transfer for LPG (DBTL) Scheme hits a MILLION TRANSACTIONS!

The Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on 1.6.2013, has thus far been a great success with more than 1 million (10 lakh) direct cash transfers to consumers™ bank accounts. A sum of Rs. 41 Crore has been transferred in the hands of LPG Consumers in these districts. *The District-wise details are provided in the… Read More