Corporate Law Reporter - The Daily Journal

IBBI Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulation notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 7th November, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG019.—In exercise of the powers conferred by clause (t) of sub-section (1) of Section 196 read with section 240 of the Insolvency and Bankruptcy, Code,… Read More

IBBI Fast Track Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulation notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 7th November, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG020.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and… Read More

RBI includes Utkarsh Small Finance Bank Limited in Schedule II of the Act

RESERVE BANK OF INDIA (Department of Banking Regulation) NOTIFICATION Mumbai, the 4th October, 2017 No. DBR.NBD. (SFB–UMFL).No. 2689/16.13.216/2017-2018.—In pursuance of clause (a) of sub- section (6) of Section 42 of Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India directs the inclusion in the Second Schedule to the said Act… Read More

Direct Tax Collections for F.Y. 2017-2018 shows Growth of 15.2% up to October, 2017

Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017 at Rs. 4.39 lakh crore The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2% higher than the net collections for the corresponding period of last year. Net Direct Tax collections… Read More

IBBI strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India (IBBI) strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016 Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for… Read More

Procedure of procurement of supplies of goods from DTA by EOU / EHTP / STP / BTP units under deemed export benefits

Circular No. 14/14 /2017 - GST F. No. 349/21/2016 GST (Policy Wing) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated the 6th November, 2017 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The… Read More

MCA to soon introduce ‘Early Warning System’ to strengthen the Regulatory Mechanism

Press Information Bureau Government of India Ministry of Corporate Affairs 05-November-2017 16:17 IST Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual… Read More

Exchange rate for conversion of ‘Qatari Riyal’ revised effective from 07.11.2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 104/2017-Customs (N.T.) Dated the 6th November, 2017 15 Kartika, 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the… Read More

Due date for generation of FORM GSTR-2A and FORM GSTR-1A :CBEC

Circular No.15 /15/2017 - GST F.No. 349/164/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 6th November, 2017 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Director Generals / Director… Read More

MCA designates special court in chennai for speedy trial of offences

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 03rd November, 2017 S.0………… (E).- In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence… Read More

CBEC imposes Anti Dumping Duty on import of “Sodium Chlorate” from Canada, China PR and EU

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 53/2017-Customs (ADD) New Delhi, the 2 nd November, 2017 G.S.R. (E).- Whereas in the matter of “Sodium Chlorate” (hereinafter referred to as ‘the subject goods’) falling under tariff item… Read More

Govt. of India and Govt. of NZ signs Third Protocol to the Convention for the avoidance of double taxation and the prevention of fiscal evasion

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd November, 2017 S.O. 3512(E).—Whereas, the Third Protocol to the Convention between the Government of the Republic of India and the Government of New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (hereinafter referred… Read More

Online Registration Mechanism and Filing System for Clearing Corporations: SEBI

CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2017/119 November 03, 2017 To, All Recognised Clearing Corporations Dear Sir / Madam, Subject: Online Registration Mechanism and Filing System for Clearing Corporations 1. In order to ease the process of application for recognition / renewal, reporting and other filings in terms Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and other… Read More