Corporate Law Reporter - The Daily Journal

Implementation of bar coding on export consignments of pharmaceuticals and drugs with effect from 01.10.2011- Clarification regarding export of bulk drugs

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi. Policy Circular No. 48 (RE-2010)/2009-14 Dated the 28th November, 2011 To All Customs Authorities / All Regional Authorities / Members of Trade. Subject:- Implementation of bar coding on export consignments of pharmaceuticals and drugs… Read More

Minimum Export Price of Onions.

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 86 (RE 2010)/2009-2014 New Delhi, Dated: 28th November, 2011 Subject:- Minimum Export Price of Onions. S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with… Read More

Rate of exchange of conversion of each of the foreign currency with effect from 1st December, 2011

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.82/2011 - Customs (N.T.) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department… Read More

Social Responsibility Initiative Launched at IFFI

For the first time International Film Festival of India will include social responsibility and inclusivity as part of the festival. On Nov 27, parents of children with special needs would give film makers, media and delegates, a glimpse into the lives of these special people and families, through 3 small films that have been made… Read More

Tax payable on services received from abroad – Tax can be paid from CENVAT Credit: HC

IN the instant case, though he is the recipient of service tax, the service provider is outside the country. In law, he is treated as a service provider and is levied tax. In other words, the liability to pay tax on the service, which he has received, is foisted on him under law. It is… Read More

Companies Bill

The Union Cabinet on Thursday approved the long-awaited Companies Bill that will completely recast the key provisions of the decades-old Companies Act 1956. It will bring in a new corporate responsibility framework, a rigorous regime and greater role for independent directors, more responsibility on independent directors and introduces new concepts like one person company, class… Read More

India and Nepal to Sign Revised Double Taxation Avoidance Agreement; Finance Minister to Leave for a Day™s Visit to Nepal Tomorrow

Double Taxation Avoidance Agreement (DTAA) between India and Nepal will be signed tomorrow by the Finance Ministers of both the countries in Kathmandu. This Agreement (DTAA) would replace an earlier Agreement between two countries which was signed way back in 1987. The Union Finance Minister Shri Pranab Mukherjee will be visiting Nepal on a day™s… Read More

RBI Advices Banks to set up a Special Sub-Committee of DLCC to draw Moniterable Action Plans for Improving CDR

Reserve Bank of India has advised Banks to set up a Special Sub-Committee (SSC) of District Level Consultative Committee (DLCC) for those districts having CDR less than 40 per cent to draw up Monitorable Action Plans (MAPs), monitor such action plan on a regular basis and initiate necessary action for improving CDR. Accordingly, CDR is… Read More

Comprehensive Competition Reforms at Centre State and Sub-State Levels will be Defining Moment in India: Moily

The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering second generation of reforms. This was stated by the Minister for Corporate… Read More

Deregulation of Savings Bank Deposit Interest Rate

RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3, 2011 enclosing a Directive UBD.BPD.DIR. No.3/13.01.00/2010-11 dated May 3, 2011 on interest rates on deposits. 2. As indicated in the Second Quarter Review of Monetary Policy announced on… Read More

Amendment to Senior Citizens Savings Rule, 2004 (SCSS, 2004) To allow verification of Affidavits by Notary Public along with Oath Commissioner in SCSS, 2004.

RBI/2011-12/282 DGBA.CDD. No. H- 3341/15.15.001/2011-12 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/Dena… Read More

Companies Bill cleared by Cabinet – to be taken up in ongoing Winter Session

The Cabinet on Thursday approved the Companies Bill, 2011, which aims to update corporate laws in the country and introduce modern concepts like mandatory corporate social responsibility (CSR) and class action suits. Following Cabinet clearance, it is now likely to be taken up for consideration and passage in the ongoing Winter Session of Parliament. The Bill, which was originally introduced in… Read More

Cabinet clears FDI in Multi brand retail upto 51% and upto 100% in Single Brand Retail

Despite political resistance from alliance and opposition, the Union Cabinet - at a two-hour meeting chaired by Prime Minister Manmohan Singh - on Thursday allowed 51% foreign direct investment (FDI) in multi-brand retail as well as 100% FDI in single brand retail. The FDI clearance in Multi Brand retail comes with several caveats,… Read More