Corporate Law Reporter - The Daily Journal

Regulation for Financial Consumer Protection: Present Status and Future Directions

(Opening Remarks by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Conference of Principal Code Compliance Officers 2013, organized by the BCSBI at the College of Agricultural Banking, Pune on April 29, 2013) Shri A.C. Mahajan, Chairman, BCSBI; Shri C.K Krishnan and Shri M. M. Chitale, Members of BCSBI Governing Council;… Read More

Setting up of Special Courts for speedy trials of SC/ST offences under the Act

The Scheduled Castes (SCs) and the Scheduled Tribes (STs) (Prevention of Atrocities) {PoA} Act, 1989, extends to the whole of India except Jammu and Kashmir, and responsibility for its implementation rests with State Governments/Union Territory Administrations. Section 14 of the PoA Act, stipulates specification for each district, a Court of Session to be a Special… Read More

FDI In Power Sector

As per information available with Central Electricity Authority, details of private sector investment from 2009-10 to 2012-13 is as under: Thermal Power Plant (Rs. in crores) Private Investment 2009-10 2010-11 (P) 2011-12 (P) 2012-13 (P) Thermal projects 36764 70028 90551 52511 Hydro projects 5517 5855 3436 1622 Transmission 2965 3602 2294 - Distribution 2815 2103… Read More

CBDT Circular on conditions relevant to identify development centres engaged in contract R&D services with insignificant risk

F No. 500/139/2012 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax and Tax Research-I Division) New Delhi, the 26th day of March, 2013 Circular No. 03 /2013 Subject: Circular on conditions relevant to identify development centres engaged in contract R&D services with insignificant risk It has been… Read More

Review of SC/ST (Prevention of Atrocities) Act, 1989

The Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) {PoA} Act, 1989, extends to the whole of India except Jammu and Kashmir, and responsibility for its implementation rests with State Governments/Union Territory Administrations. The States/Union Territories are provided due Central assistance under a Centrally Sponsored Scheme, for effective implementation of the PoA Act. They… Read More

FSSAI issues New Guidelines

Food Safety and Standards Authority of India (FSSAI) has issued a new advisory on 11th December, 2012 relating to sale of new or existing proprietary food products. As per Section- 22 of the Food Safety and Standards Act, 2006 (FSSA), no person shall manufacture, distribute, sell or import any novel food, genetically modified articles of… Read More

Census 2011: Abstract- Primary Data Released

Shri Sushil Kumar Shinde, Union Home Minister released the Primary Census Abstract-Data Highlights of Census 2011 in a function organized by the Office of the Registrar General & Census Commissioner, India here today. On this occasion Union Home Minister congratulated all stake holders for completing the 2011 Census and said that the results of efforts… Read More

Nuclear And Radiation Safety Policy of Atomic Energy Regulatory Board (AERB)

In accordance with the Presidential orders dated 15 November 1983, constituting the AERB, the functions of AERB include, as per clause 2(i), development of safety policies in both radiation and industrial safety areas, and further, as per clause 2(vi), evolving major safety policies based on safety criteria, recommended by IAEA and other international bodies, adopted… Read More

Regulatory Mechanism for Ayurvedic, Unani and Homoeopathic Medicines

Ayurvedic Treatment Procedures Ayurvedic, Unani and Homoeopathic medicines are regulated in the country under the provisions of Drugs & Cosmetics Act, 1940 and the Rules thereunder. For this purpose, the Licensing Authorities are appointed by the State Government to grant license for manufacturing of Ayurveda, Unani and Homeopathic medicines and enforce the legal provisions for… Read More

CBDT Circular on application of profit split method

F No. 500/139/2012 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax and Tax Research-I Division) New Delhi, the 26th day of March, 2013 Circular No. 02 /2013 Sub: Circular on application of profit split method It has been brought to the notice of CBDT that clarification is… Read More

International Labour Day – Government Message

Union Labour & Employment Minister Shri Mallikarjuna Kharge has greeted the Labour Fraternity on the eve of International Labour Day for their well being in all walks of life. On this occasion he has reiterated the Governments resolve to continuously pursue its efforts to promote the welfare of workers. Following is the text of Ministers… Read More

CLR Urgent :: New Norms for XBRL Filing

New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question… Read More

Unclaimed Money Lying With Companies

The Ministry of Corporate Affairs has decided to analyse the data uploaded on the MCA 21 portal by companies regarding unpaid and unclaimed money lying with such companies. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that it has also been decided… Read More