MMTC OFS Divestment – Issue Oversubscribed by 1.55 times
MMTC OFS for Divestment of 9.33% Paid up Equity of the Government of India Shareholding Done; Issue Overscribed by 1.55 Times; Government Expects to Realize Proceeds of Rs. 567.90 Crores. The Minerals and Metal Trading Corporation (MMTC) OFS for divestment of 9.33% paid up equity of the Government of India shareholding in the MMTC was done… Read More
CCEA Approves changes in Delegation of powers for approval and appraisal of National Highways projects
The Cabinet Committee on Economic Affairs (CCEA) approved the proposal for a change in the delegation of powers for appraisal and approval of National Highways projects. This will simplify the appraisal and approval of the National Highway projects. At present, projects of Rs.500 crore or above require investment approval of the CCEA but projects below Rs.… Read More
CLR Snippets | Members Appointed to the 20th Law Commission of India
The Central Government has appointed (i) Dr. Bijai Narain Mani, eminent law author, and (ii) Dr. Gurjeet Singh, Director General of the National Law School & Judicial Academy, Assam, as part-time Members of the 20th Law Commission of India with effect from the forenoon of the 24th May and the 31st May 2013, respectively, and up… Read More
CLR Snippets | MCA Site Maintenance
Important Message on MCA Website: MCA Portal Services will not be available due to maintenance from 0800 Hours to 2000 Hours on 15th June 2013(Saturday). All the stakeholders are requested to plan their MCA portal related activities in advance to avoid inconvenience. Read More
Submission of Report of Committee on Rationalisation of Investment Routes and Monitoring of Foreign Portfolio Investments
SEBI Board in its meeting held on October 06, 2012 decided that it will prepare a draft guideline based on the guidance of the Working Group on Foreign Investment in India (WGFI), for consideration of the Government of India (GoI). To implement the above, SEBI formed a Committee on Rationalization of Investment Routes and Monitoring… Read More
SEBI Circular – Companies eligible for shifting from TFTS to Normal Rolling Settlement
CIRCULAR CIR/MRD/DP/ 19 /2013 June 11, 2013 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed in Annexure… Read More
NBFCs – RBI™s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013
RBI/2012-13/532 DNBS (PD) CC.No.329 /03.10.42/2012-13 June 13, 2013 All NBFCs Dear Sir/Madam, RBI™s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013 Attention is invited to para 3 of Master Circular DNBS.(PD)CC.No.283/03.10.042/2012-13 dated July 2, 2012 on Reporting of Frauds to RBI. 2. The Reserve Bank of India™s Fraud Monitoring Cell attached to Department of… Read More
UCBs – Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013
RBI/2012-13/531 UBD.CO.BPD. (PCB). Cir. No. 55/12.05.001/2012-13 June 13, 2013 Chief Executive Officers All Primary Urban Co-operative Banks Madam/Dear Sir Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013 Please refer to the Press Release No. 2012-2013/2045 dated June 5, 2013 hosted on the RBI website. 2. It would be observed… Read More
Foreign investment in India by SEBI registered Long term investors in Government dated Securities
RBI/2012-13/530 A.P. (DIR Series) Circular No.111 June 12 , 2013 To All Category I Authorised Dealer Banks Madam / Sir, Foreign investment in India by SEBI registered Long term investors in Government dated Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue… Read More
Foreign Direct Investment Reporting of issue / transfer of Shares to/by a FVCI
RBI/2012-13/529 A.P. (DIR Series) Circular No.110 June 12, 2013 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment Reporting of issue / transfer of Shares to/by a FVCI Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Regulations 9 and 10 and para 9 of Schedule… Read More
Amendment in Rule 12 of income Tax Rules 1962
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION No. 42/2013 New Delhi, the 11th day of June, 2013 Income-tax S.O.1513(E).”€ In exercise of the powers conferred by section 295 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules,… Read More
Amendment of Income-tax Rules, 1962 – INSERTION OF RULES rule 10A, rule 10AB, rule 10B, rule 10C, rule 10D, rule 10E
[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 [CENTRAL BOARD OF DIRECT TAXES] Notification No. 41/2013 New Delhi, the 10th June, 2013 INCOME-TAX S.O 1491 (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 92C,section 92D and section 92E read… Read More
Import of live-stock products – Amendment in ITC (HS) 2012, Schedule 1 (Import Policy)
To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 18 (RE2013)/2009-2014 New Delhi, Dated The 11th June, 2013 Subject: Import of live-stock products - Amendment in ITC (HS) 2012, Schedule 1 (Import Policy). S.O.(E) In exercise… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
