Corporate Law Reporter - The Daily Journal

DGFT- Amendment of SION E-125 under Food Product Group

(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. 05 (RE:2012)/2009-2014 NEW DELHI DATED 14.06.2012 Subject: Amendment of SION E-125 under Food Product Group. In exercise of the powers conferred under Paragraph 2.4 of… Read More

Gross Direct Tax collections during April-May of the F.Y. 2012-13 up by 3.62%

Gross Direct Tax collections during April-May of the F.Y. 2012-13 was up by 3.62 percent at Rs. 52,232 Crore as against Rs. 50,407 Crore in the same period in F.Y.2011-12. While Gross Collection of Corporate Taxes showed a decline of (-) 2.82 percent during April-May of the F.Y. 2012-13 and stood at Rs. 24,329 Crore… Read More

Rashtriya Swasthya Bima Yojana to cover the domestic workers

The Ministry of Labour & Employment has extended the Rashtriya Swasthya Bima Yojana (RSBY) to domestic workers. The main objective of this strategy is to inform the beneficiaries regarding enrolment procedures and benefits of the scheme. In addition, State Government also undertakes communication activities aimed at improving the utilization of the scheme. Under the scheme,… Read More

New LLP portal- Guidelines for stakeholders

USER REGISTRATION & LOGIN Any user willing to avail any LLP related service for which payment of fees is required need to register on MCA21 system. For registration, users have been categorised into following two categories: a) Registered User b) Business User - these are further categorised into following roles: - Designated partner - Practicing Professional - Authorised… Read More

Amendments in the Vishesh Krishi and Gram Udyog Yojana of Chapter 3 of Foreign Trade Policy 2009-14

Government of India; Ministry of Commerce & Industry; Department of Commerce; Directorate General of Foreign Trade Public Notice No. 4 (RE-2012)/2009-14 Dated: 8 June, 2012 Subject: Amendments in the Vishesh Krishi and Gram Udyog Yojana (VKGUY) of Chapter 3 of Foreign Trade Policy 2009-14 - Appendix 37A of Handbook of Procedure (Vol. I). In exercise… Read More

India invites Brazilian investment in infrastructure sector

Shri Anand Sharma, Minister of Commerce, Industry and Textiles had a Ministerial Dialogue with his counterpart Mr. Fernando Pimentel, Brazilian Minister of Development, Industry and Foreign Trade in Brasilia on 11th June 2012. The Minister™s visit to Brazil was in pursuance to the invitations extended to him by his counterpart Mr. Pimentel, Minister of Development,… Read More

MCAICSI webcast on Limited Liability Partnership

The Ministry of Corporate affairs has started the process of decentralization of the functions of the Registrar LLP by authorizing respective ROCs to discharge the functions of Registrar of LLP also and issued the Limited Liability Partnership(Amendment) Rules, 2012 vide its notification dated 05-06-2012. As desired by MCA, The ICSI is organizing MCA ICSI Webcast… Read More

Fin Min confident about the turnaround in the growth prospects in coming months

The Union Finance Minister Shri Pranab Mukherjee said that the Government is fully seized of the current situation and he is confident that there will be a turnaround in our growth prospects in the coming months. The Finance Minister Shri Mukherjee was reacting to the S&P recent report suggesting that India could be the first… Read More

Achievements of the Ministry of Corporate Affairs

Union Corporate Affairs Minister Dr. M. Veerappa Moily has emphasized upon creating an environment that would enable the corporate community meet the multifarious global challenges while enhancing their competitiveness. Dr. Moily was addressing a Press Conference to highlight the achievements of his Ministry here in New Delhi today. The minister said a systematic plan has… Read More

Amendment in policy for export of Skimmed Milk Powders

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 2 (RE 2012)/2009-2014 New Delhi, Dated : 8 June, 2012 Subject:- Amendment in policy for export of Skimmed Milk Powders. S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act,… Read More

New LLP Portal Guidelines for Stakeholders

No eForm filing will be allowed to the LLP without verifying and updating the designated partners™ and partners™ details on the new LLP portal. o LLPs incorporated under the earlier LLP system (i.e. prior to 11th June 2012) are mandatorily required to verify the details of their Designated Partners and Partners. o This facility will… Read More

Competition Commission of India to foster competition and protect the markets from anti competitive practices

Corporate Affairs Minister Dr. M.Veerappa Moily had said the Competition Commission of India compliments Sectoral Regulators and there is no question of encroachment on the jurisdiction of Sectoral Regulators. Dr. Moily stated this today while interacting with the Press on the occasion of releasing a compendium titled Innovative March to New Horizon of Corporate Growth… Read More

LLP (Amendment) Rules, 2012

[TO BE PUBLISHED IN THE GAZETTE: OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION Date : 5.6.2012 G.S.R (E)... ..--In exercise of the powers conferred by sub-section (I) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009). the Central Government hereby makes the following rules… Read More