Corporate Law Reporter - The Daily Journal

Statement on Developmental and Regulatory Policies – February 2018

Statement on Developmental and Regulatory Policies – February 2018 Relief for MSME Borrowers who have registered under Goods and Services Tax 1. The formalisation of business through registration under Goods and Services Tax (GST) adversely impacted cash flows of the smaller entities during the transition phase with consequent difficulties in meeting their repayment obligations to… Read More

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 6th February, 2018 Insolvency And Bankruptcy Board Of India (Insolvency Resolution Process For Corporate Persons) (Amendment) Regulations, 2018 No. IBBI/2017-18/GN/REG024.— In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code,… Read More

Total Expense Ratio – change and disclosure :SEBI

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/18 February 05, 2018 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Total Expense Ratio – change and disclosure 1. It is observed that there are frequent changes carried out in Total Expense Ratio (TER) and such changes are not prominently disclosed to investors. In order… Read More

Charging of additional expenses of upto 0.20% in terms of SEBI (Mutual Funds) Regulations, 1996

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/15 February 02, 2018 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds Sir/Madam, Sub: Charging of additional expenses of upto 0.20% in terms of Regulation 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996 1. Regulation 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996, allows an… Read More

Review of additional expenses of up to 0.30% towards inflows from beyond top 15 cities: SEBI

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/16 February 02, 2018 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Review of additional expenses of up to 0.30% towards inflows from beyond top 15 cities (B15) 1. Presently, in terms of para A(1) of SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, additional TER can… Read More

Goods and Services Tax Settlement of Funds (Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 6th February, 2018 G.S.R. 145(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), sections 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)… Read More

MCA exempts Govt. Company from complying with Ind AS 12 for 7 years w.e.f April 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th February, 2018 S.O. 529(E).— In exercise of the powers conferred by sub-section (6) of Section 129 of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that the provisions of Accounting Standard 22 or Indian Accounting Standard 12… Read More

MCA designates Special Courts in Kerala, Orissa and Guwahati for speedy Trial of offences

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th February, 2018 S.O. 528(E).—In exercise of the powers conferred by sub-section (1) of Section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justices of the High Courts of Kerala, Orissa and Gauhati, hereby designates the following… Read More

Govt. exempts Integrated tax GST compensation cess on imported goods from levy of Social Welfare Surcharge

[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.13/2018- Customs New Delhi, the 2 nd February, 2018 G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More

CBEC rescinds Not. 28/2007-Customs dated 01.03.2007 exempting specified goods from the levy of SHE Cess

[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.10 /2018-Customs New Delhi, the 2nd February, 2018 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)… Read More

CBEC rescinds Not. 69/2004-Customs dt. 09.07.2004 exempting specified goods from the levy of Education Cess

[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.9/2018-Customs New Delhi, the 2 nd February, 2018 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)… Read More

Govt. exempts all goods from levy of SHE cess specified in the First Schedule to the Customs Tariff Act, 1975

[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.8/2018- Customs New Delhi, the 2 nd February, 2018 G.S.R…….(E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of… Read More

CBEC exempts all goods from levy of Education Cess specified in First Schedule Customs Tariff Act, 1975

[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.7/2018- Customs New Delhi, the 2 nd February, 2018 G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More