CCI is Monitoring Critical and High Investment projects
The Cabinet Committee on Investment today reviewed the status of twenty projects with investment of Rs.1000 crore or more which were pending for different types of approvals and clearances with a view to expediting decisions on approvals and clearances. The projects were identified in transmission, hydro and thermal sector where various clearances are pending mostly… Read More
SEBI invites comments on discussion paper – Risk Management – Safer Markets for Investors
Securities and Exchange Board of India (SEBI) has from time to time put in place various risk containment measures to address the risks involved in the cash and derivatives market. But as the market is always in a dynamic state, the risk management system cannot remain static and has to constantly address the changing risk… Read More
CLR Important :: Redress of investor grievances through SEBI Complaints Redress System (SCORES)
CIRCULAR C I R/OIAE/1 /2013 April 17, 2013 All Companies whose securities are listed on Stock Exchanges (through Stock Exchanges), All recognized Stock Exchanges Dear Sir/Madam, Sub: Redress of investor grievances through SEBI Complaints Redress System (SCORES) 1. Pursuant to the provisions of Section 15C SEBI Act, 1992, all listed companies are hereby called… Read More
In order to recover foreign arbitration award, a Company’s name can be restored
Ratio of the Case: Merely because a financial loss would be suffered by the appellant qua the arbitration Awards which had been passed against him would not entitle him to come under the exception seeking a refusal of the restoration of the company. CLR Editorial Note: The appellant was aggrieved by an order wherein an… Read More
Business advances also need to be benchmarked on Libor ALP
CLR Editorial Note: The assessee, an Indian company, had given loans of Rs. 15.65 crores to its Associated Enterprises s in USA, Singapore and Bahrain. In its assessment report, it claimed that the said loans were working capital advances given for commercial consideration to secure the business and that no interest was recoverable on it.… Read More
PDS Consumers to Get Sugar at Existing Rate
The Central Government has considered the recommendations of Dr. C. Rangarajan Committee on deregulation of sugar sector and has, inter-alia, decided to do away with the levy obligation on sugar mills for sugar produced after September 2012. However, to make sugar available in the Targeted Public Distribution System (TPDS) at the existing retail issue price… Read More
FAQ on “Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2012”
1. The Compulsory Registration order will be effective based on manufacturing date or import date? The order will come into forces on 03 July 2013 and would apply equally to goods manufactured locally or imported from foreign. 2. What would be the status of goods already in stock and in the market? The products… Read More
Extension of effective date of “Electronics and IT Goods (Requirement of Compulsory Registration) Order, 2012”
GAZETTE OF THE INDIA, EXTRAORDINARY [Part II, Section 3, Sub-section (ii) J MINISTRY OF COMMUNICATIONS AND INFORMATON TECHNOLOGY (DEPARTMENT OF ELECTRONICS AND INFORMATION TECHNOLOGY) New Delhi, the 20th March 2013 NOTIFICATION Concerning Implementation of "Electronics and IT Goods (Requirement of Compulsory Registration) Order, 2012". SUBJECT: Extension in date of coming into effect of the "Electronics… Read More
Clarification on The Information Technology (Intermediary Guidelines) Rules, 2011
Government of India Ministry of Communications and Information Technology Department of Electronics & Information Technology Date : 18.03.2013 Clarification on The Information Technology (Intermediary Guidelines) Rules, 2011 under section 79 of the Information Technology Act, 2000 The Department of Electronics and Information Technology had notified Information Technology (Intermediary Guidelines) Rules, 2011 under section 79 of… Read More
Speakers at the ASSOCHAM Seminar on Corporate Compliance Management
Speakers List The following are the list of speakers who will value add at the ASSOCHAM's National Seminar on Corporate Compliance Management. Mr. Arun Maira, Member, Planning Commission Mr. M.J. Joseph, Add.Secy. & CVO, MCA Mr. Bhasker Chatterjee, DG & CEO, IICA Mr. M. S. Sahoo, Secretary, ICSI Ms. Preeti Malhotra, Chairperson, ASSOCHAM Council for Corporate… Read More
CLR Snippets :: Contractors Under EPFO
The Employees™ Provident Funds & Miscellaneous Provisions Act, 1952 applies to such classes of establishments which are notified by Government of India employing 20 or more employees in accordance with provision under Section 1(3) (b) of the Act. By virtue of the above provision, the Act applies to contractors engaged in Government establishments in eligible… Read More
National Urban Health Mission
To address healthcare needs of urban population, particularly urban poor, the Ministry of Health & Family Welfare has formulated National Urban Health Mission (NUHM) as a Sub-Mission under an over-arching National Health Mission (NHM) to be launched during the 12th Five Year Plan. It may be recalled that NUHM was a listed scheme under 11th… Read More
National Food Security Bill to Ensure Heavily Subsidised Foodgrains
The National Food Security Bill, 2011 (NFSB), as introduced in the Lok Sabha on 22.12.2011, provides for coverage of up to 75% of the rural population, with at least 46% belonging to priority households, and up to 50% of the urban population, with at least 28% belonging to priority households, for subsidized foodgrains under Targeted… Read More
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