Corporate Law Reporter - The Daily Journal

ASSOCHAM wants correction as FM begins pre-budget consultations

Showing a grave concern over the fact that notices for reopening of assessments by the tax authorities are being issued in thousands in recent times, ASSOCHAM today said returns should not be re-opened beyond three years. As Finance Minister P Chidambaram has started his pre-budget consultations with different stakeholders, the ASSOCHAM has submitted a detailed… Read More

Revised Reporting System for Priority Sector Lending

RBI/2012-13/364 RPCD.CO.Plan. BC 56/04.09.01/2012-13 January 07, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Madam/Dear Sir, Priority Sector Lending - Revised Reporting System Please refer to the revised priority sector guidelines issued vide circular RPCD.CO. Plan. BC.13/04.09.01/2012-13 dated July 20, 2012 wherein it was advised that separate guidelines relating… Read More

Revised Guidelines on Credit Default Swaps (CDS) for Corporate Bonds

RBI/2012-13/366 IDMD.PCD.No.10 /14.03.04/2012-13 January 7, 2013 All Market Participants Dear Sir/Madam, Revised Guidelines on Credit Default Swaps (CDS) for Corporate Bonds A reference is invited to the guidelines on CDS issued vide circular IDMD.PCD.No. 5053 /14.03.04/2010-11 dated May 23, 2011. 2. Based on the feedback received from the market and suggestions of the Technical Advisory Committee… Read More

External Commercial Borrowings Policy on Infrastructure Finance

RBI/2012-13/367 A.P. (DIR Series) Circular No. 69 January 07, 2013 To, All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Non-Banking Financial Company Infrastructure Finance Companies (NBFC-IFCs) Attention of Authorized Dealer Category-I banks is invited to A. P. (DIR Series) Circular No. 51 dated May 11, 2010 relating to External Commercial… Read More

Revised Guidelines on Ready Forward Contracts in Corporate Debt Securities

RBI/2012-13/365 IDMD.PCD.09/14.03.02/2012-13 January 7, 2013 To All Market Participants Dear Sir/Madam, Revised Guidelines on Ready Forward Contracts in Corporate Debt Securities As part of the measures to develop the corporate bond market, repo transactions were permitted in corporate debt securities vide the Directions issued through the notification no IDMD.DOD. 04/11.08.38/ 2009-10 dated January 8, 2010… Read More

Poll@CLR – What is the best time to receive the CLR Daily Mail?

Corporate Law Reporter has been sending Daily Law Journals to all our subscribers for roughly the past one year. We at Corporate Law Reporter would like to know from all our subscribers, what they think about the time of the day they receive this email. Please participate in a small poll to allow us determine this.… Read More

DGFT makes modifications of SIONs

(To be published in the Gazette of India Extraordinary) (Part-I- Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 43 (RE: 2012)/2009-2014 New Delhi: Dated: 2nd January, 2013 Subject: Modification of SIONs at Sl No.C-1188,1206,1207,1208,1209,1314,1702 and 1971 In exercise of the powers conferred under Paragraph… Read More

Inclusion of Chapter Offices of FIEO

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1, SECTION-1 GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Public Notice No. 44 (RE 2012)/2009-2014 NEW DELHI, DATED THE 2nd JANUARY, 2013 Subject: - Inclusion of Chapter Offices of FIEO in Appendix-2 of Handbook of Procedures Vol.1.… Read More

DGFT makes amendments in Reward/Incentive Schemes

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1 SECTION-1 GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Public Notice No. 42(RE2012)/2009-14 Dated: 31st December, 2012 Subject: Amendments in the Reward/Incentive Schemes of Chapter 3 of Foreign Trade Policy 2009-14 - Appendix 37A, Appendix 37C and Appendix 37D… Read More

Annual Report on Banking Ombudsman Scheme, 2011-12

The Reserve Bank of India in the month of January 2013 has set up a working group in order to evaluate and make improvements in the current grievance redressal mechanism for bank customers. The working group has been constituted by the RBI to review, update, and revise the Banking Ombudsman Scheme (BOS), 2006. As per the… Read More

ICSI Announces 17th Residential Management Skills Orientation Program

ICSI - Centre for Corporate Governance, Research & Training (CCGRT) is organizing its 17 thResidential Management Skills Orientation Program (MSOP) from Wednesday, January 16, 2013 to Thursday, January 31, 2013. All the final passed candidates from anywhere in India and having completed TOP and Management Training or been exempted from training are eligible to attend. For… Read More

DVAT – Submission of information in Form T-2 to come into force from the 01st February, 2013.

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT/2012/1079-1090 … Read More

Changes in Foreign Currency rate-of-exchange from 4th January, 2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 01/2013-CUSTOMS (N.T.) DATED THE 3rd January, 2013 13 Pausa, 1934(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52… Read More