Corporate Law Reporter - The Daily Journal

CBDT- Rules to amend the Income-tax (Dispute Resolution Panel) Rules, 2009

Income-tax (Dispute Resolution Panel)(first amendment) Rules, 2012 - Amendment in Rule 3 Notification No. 33/2012 [F.No.133/13/2012-SO(TPL)]/SO 1967(E), dated 24-8-2012 In exercise of the powers conferred by sub-section (14) of section 144C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules to amend the Income-tax (Dispute… Read More

Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957

CIR/CFD/DIL/11/2012 August 29, 2012 All Stock Exchanges Sub: Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957 1. Please refer to circular Nos. CIR/CFD/DIL/10/2010 and CIR/CFD/DIL/1/2012 dated December 16, 2010 and February 08, 2012 respectively, on the captioned subject. 2. In continuation of the above and with a view to facilitate listed… Read More

Non-resident guarantee for non-fund based facilities entered between two resident entities

RBI/2012-13/179 A. P. (DIR Series) Circular No. 20 August 29, 2012 To All Category-I Authorised Dealer Banks Non-resident guarantee for non-fund based facilities entered between two resident entities Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Notification No. FEMA 29 / 2000-RB dated September 26, 2000 viz. Payment… Read More

Amendment in schedule-I (Imports) of the ITC(HS) Classifications of Export and Import Items, 2009-14,Chapter-90

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 NOTIFICATION NO.15 (RE-2012)/2009-2014; Dated 29th August, 2012 S.O. (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with paragraph… Read More

Amendment in Notification No. 5 dated 02.07.2012 regarding conditions for export of Carpets, Handicraft items and Silk items

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 Notification No. 14 (RE-2012)/2009-2014 Dated, the 28th August, 2012 Subject: Amendment in Notification No. 5 dated 02.07.2012 regarding conditions for export of Carpets, Handicraft items and Silk items.… Read More

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 NOTIFICATION NO. 13 (RE-2012)/2009-2014; Dated: 28th August, 2012 Subject : Amendment in ITC (HS) 2012 Schedule 1 Import Policy. S.O. (E): In exercise of powers conferred under section 5 of the Foreign… Read More

SFIO recommends setting up of a central regulatory agency for implementing the Prize Chit and Money Circulation Scheme (Banning) Act, 1978

On the basis of specific complaints received in the Ministry, Regional Directors (RDs) and Registrar of Companies (RoCs) have been directed to Scrutinize the Balance Sheets and Inspect the books of accounts and other records under sections 234 and 209A respectively of the Companies Act, 1956 in respect of 87 companies, alleged to be carrying… Read More

Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India

General Circular no. 26/2012; No.11/08/2012-CL.V Government of India; Ministry of Corporate Affairs™ Dated: 23rd August, 2012 OFFICE MEMORANDUM Subject:- Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India. The undersigned is directed to state as under:- 1. The report of The World Bank and the International Finance Corporation, entitled Doing… Read More

Union Minister of Commerce, Industry and Textiles Shri Anand Sharma to meet Chinese Commerce Minister Mr. Chen Deming for the 9th session of India-China Joint Economic Group

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma, will meet Chinese Commerce Minister Mr. Chen Deming here on Monday for the 9th session of India-China Joint Economic Group (JEG). The Indian side led by Minister Shri Sharma is likely to raise the issue of growing trade deficit. The issues related to market… Read More

Repayment of Term/Fixed Deposits with ‘Either or Survivor’ or ‘Former or Survivor’ Mandate

RBI/2012-13/176 RPCD.CO.RRB.RCB.BC./03.05.33/2012-13 August 23, 2012 All Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Repayment of Term/Fixed Deposits with 'Either or Survivor' or 'Former or Survivor' Mandate It has come to our notice that some Regional Rural Banks (RRBs) / State and Central Co-operative Banks (StCBs/DCCBs) insist on the signatures of both… Read More

SEBI-Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

CIRCULAR CIR/CFD/DIL/ 9 /2012 August 22, 2012 To All Registered Merchant Bankers Dear Sir / Madam, Sub: Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. Please refer to circular No. SEBI CIR/CFD/DIL/5/2012 dated May 03, 2012 on the captioned subject. 2. In partial modification of the above referred circular, it is… Read More

Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)

RBI/2012-13/175 A. P. (DIR Series) Circular No. 18 August 23, 2012 To All Authorised Persons, who are Indian agents under Money Transfer Service Scheme Madam / Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS) Please refer to our A.P. (DIR Series)… Read More

Foreign Direct Investment by citizen / entity incorporated in Pakistan

RBI/2012-13/173 A. P. (DIR Series) Circular No. 16 August 22, 2012 To All Category I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment by citizen / entity incorporated in Pakistan Attention of Authorised Dealer (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More