Corporate Law Reporter - The Daily Journal

Customs : Ban on export of Cotton (Tariff Code 5201 and 5203)

Circular No. 07/2012-Customs F. No. 524/19/2012-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 229-A, North Block, New Delhi, the 9th March, 2012. To All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE, All Directors General of CBEC, All Commissioners of Customs / Customs (Prev.) / C&CE All Commissioners of Customs & Central… Read More

General Circular No. 4/2012 – Extension of time for filing of DIN 4 upto 30th April, 2012

General Circular No. 4/2012 No 2/1/2011-CL.V Government of India Ministry of Corporate Affairs 5th floor, ˜A™ Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated the 9th March, 2012 To All Regional Directors All Registrar of Companies. Sub: Allotment of Director™s Identification Number (DIN) under Companies Act, 1956 Sir, In continuation of General Circular… Read More

Procedure for introduction of a Share Capital Clause in yhe Memorandum of a Company Limited by Guarantee

PROCEDURE FOR INTRODUCTION OF A SHARE CAPITAL CLAUSE IN THE MEMORANDUM OF A COMPANY LIMITED BY GUARANTEE Ishita Chatterjee Lecturer, Faculty of Law, UniversityofAllahabad, Allahabad(U.P.),India Introduction For the formation of a company, the Memorandum of Association is regarded as a fundamental document of a company. In the view of Palmer[1]- It is a document of… Read More

Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives

RBI/2011-12/433 FMD.MSRG.No.67/02.05.002/2011-12 All Category I Authorised Dealer Banks and Primary Dealers Madam/Sir, Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives As you are aware, the Reserve Bank of India has taken several steps in the past to improve the transparency of the OTC derivatives market in India. It may be recalled that in… Read More

DFIA: applicability of provisions contained in paragraph 4.32.2 of HBP v1 regarding declaration of technical characteristics, quality and specifications at the time of exports

Government of India; Department of Commerce; Directorate General of Foreign Trade Policy Circular No. 57 /2009-14 (RE 2011) Dated: 6th March, 2012 Subject: DFIA: applicability of provisions contained in paragraph 4.32.2 of HBP v1 regarding declaration of technical characteristics, quality and specifications at the time of exports. Attention is invited to the conditions imposed under… Read More

MCA- Constitution of a Committee to formulate a Policy Document on Corporate Governance

General Circular No. 3/ 2012; No.17/46/2012-CL.V Government of India; Ministry of Corporate Affairs' Dated :07th March, 2012 OFFICE MEMORANDUM Subject:-Constitution of a Committee to formulate a Policy Document on Corporate Governance. The undersigned is directed to state as under:- 1. While the issue of how corporates decide to carry on their affairs is largely a matter of… Read More

India and Indonesia set to reach their target of trade worth US$25 billion by 2015

India and Indonesia are set to reach their target of trade worth US$25 billion by 2015 ahead of schedule. The Union Minister for Commerce Industry and Textiles, Shri Anand Sharma reviewed the business ties between the two countries with his counterparts in Jakarta yesterday. We now see ourselves achieving the next target of US$ 25… Read More

Amendment in the subject of Notification No. 99 (RE-2010)/2009-14 dated 23.02.2012

(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. 103 (RE-2010)/2009-2014 Dated, the 5th March, 2012 Subject:- Amendment in the subject of Notification No. 99 (RE-2010)/2009-14 dated 23.02.2012. S.O.(E) In exercise of the powers conferred by… Read More

Exemption of Bhutan from the application of export bans by India on export of Milk Powder, Wheat, Edible Oils, Pulses and Non Basmati Rice.

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 104 (RE 2010)/2009-2014 Dated: 5th March, 2012 Subject:- Exemption of Bhutan from the application of export bans by India on export of Milk Powder, Wheat, Edible Oils,… Read More

Grant of export benefits / incentives to export proceeds realized even in Indian rupees Exports to Iran regarding

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.105 (RE-2010)/2009-2014 Dated the 5th March, 2012 Subject: Grant of export benefits / incentives to export proceeds realized even in Indian rupees Exports to Iran regarding. S.O.(E) In exercise of… Read More

Set up of Infrastructure Debt Fund through public private partnership would meet the long term need of infrastructure sector funding- Fin Min

The Union Finance Minister Shri Pranab Mukherjee said that setting up of Infrastructure Debt Fund through public private partnership would meet the long term need of infrastructure sector funding. The Finance Minister Shri Mukherjee said that he is confident that the establishment of Infrastructure Debt Fund through PPP model would be a guiding principle for… Read More

SEBI- Clearing and Settlement of OTC trades in Commercial Paper (CPs) & Certificates of Deposit (CDs)

Cir. /IMD/DF/8/2012 March 05, 2012 All Intermediaries registered with SEBI under Section 12 of the SEBI Act. (Through the stock exchanges for stock brokers, sub brokers, depositories for depository participants, custodians for FIIs and FVCIs, AMFI for Asset Management Companies.) Dear Sir/ Madam, Sub: Clearing and Settlement of OTC trades in Commercial Paper (CPs) & Certificates… Read More

Grievance Redressal Mechanism in Banks Display of Names of Nodal Officers

RBI/2011-12/426 DBOD.No. Leg.BC.83/ 09.07.005/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grievance Redressal Mechanism in Banks Display of Names of Nodal Officers Please refer to our Circular DBOD.No.Leg.BC.24 /09.07.005/2009-10 dated July 21, 2009 wherein banks were, inter alia, advised to display the names and other details of the officials at their Head Office / Zonal Offices… Read More