Corporate Law Reporter - The Daily Journal

Export of Goods and Software Realisation and Repatriation of export proceeds Liberalisation

RBI/2011-12/241 A.P. (DIR Series) Circular No.40 To, All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Software Realisation and Repatriation of export proceeds Liberalisation Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 47 dated March 31, 2011 enhancing the period of realization and repatriation… Read More

Memorandum of Instructions governing money changing activities

RBI/2011-12/242 A.P. (DIR Series) Circular No. 41 To, All Authorised Persons in Foreign Exchange Madam/ Sir, Memorandum of Instructions governing money changing activities Attention of Authorised Persons is invited to Para-3 of Part B of the Annex- I to the Memorandum of Instructions to Authorised Money Changers (AMCs), issued vide A. P. (DIR Series) Circular No.… Read More

Notification for PAN application.

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification INCOME-TAX S.O.2394(E).- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1.… Read More

Exemption for export of excise verified stock of 1053. 625 MTs of casein and casein products manufactured prior to imposition of ban on export of milk products

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 83 (RE 2010)/2009-2014 New Delhi, Dated : 31st October, 2011 Subject:- Exemption for export of excise verified stock of 1053. 625 MTs of casein and casein products manufactured prior to imposition of ban on export of milk products i.e.… Read More

Major changes / amendments carried out in Drawback schedule 2011-12-vide Notification No. 75 / 2011-Cus. (N.T.), dated 28.10.2011

F.No. 609/82/2011-DBK Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs Circular No. - 48/2011-Customs To All Chief Commissioners of Customs / Customs (Preventive). All Chief Commissioners of Customs & Central Excise / Central Excise / Authorized Representative. All Director Generals under CBEC. All Commissioners of Customs / Customs… Read More

Companies (Dematerialization of Certificates) Rules, 201 1

No 17/143/2011 -CL.V Government of India Ministry of Corporate Affairs 5th floor, 'A' Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi All the Regional Directors, All the Registrar of Companies All stakeholders Subject : Companies (Dematerialization of Certificates) Rules, 201 1 Sir, The Ministry of Corporate Affairs was ~onsidering the proposal to issue Companies(Demateria1ization of… Read More

Revision in Limits of Housing Loans and Repayment Period – Second Quarter Review of Monetary Policy 2011-12

RBI/2011-12/238 UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir / Madam, Revision in Limits of Housing Loans and Repayment Period - Second Quarter Review of Monetary Policy 2011-12 Please refer to Circular UBD.PCB.Cir.No.42/09.09.001/08-09 dated May 15, 2008 on Revision of Individual Housing Loan Limits and para 4(iii) of Circular UBD.P&O.108/UB.31-88/89 dated April… Read More

Banks’ Exposure to Capital Market – Issue of Irrevocable Payment Commitments (IPCs)

RBI/2011-12/239 DBOD.Dir.BC. 43 /13.03.00/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.46 /13.03.00/2010-11 dated September 30, 2010 in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock… Read More

Annual Filing with MCA under Companies Act extended till 31st Oct, 2011

Attention Stakeholders!!!! Dear Corporates please note that Companies having last date of Annual Filling as October 30th 2011 can file on October 31, 2011 also without any additional fee, on account of Oct 30th 2011 being a Sunday. File before October 31st Midnight and save additional fee. (Note: Lean time for filing is after 8 P.M. till 9 A.M. next morning.) In case… Read More

Government E-Payment System to be Inaugurated

The Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance has developed a fully secured Government e-payment system for direct credit of dues from the Government of India into the account of beneficiaries using digitally signed electronic advice (e-advice) through the ˜Government e-Payment Gateway™ (GePG). The Union Finance Minister Shri Pranab Mukherjee will… Read More

˜In-person™ verification (IPV) of clients by subsidiaries of stock exchanges, acting as stock brokers

CIR/MIRSD/22/2011 October 25, 2011 To All Recognized Stock Exchanges Dear Sir/Madam, Sub: ˜In-person™ verification (IPV) of clients by subsidiaries of stock exchanges, acting as stock brokers 1) SEBI vide letter No. MIRSD/DPS-III/130466/2008 dated July 02, 2008 (addressed to the stock exchanges), mandated the stock brokers to carry out ˜in-person™ verification of their clients by their staff while registering… Read More

Notification No. – 75 / 2011 – CUSTOMS (N.T.)

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. - 75 / 2011 - CUSTOMS (N.T.) G.S.R. (E). In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962), sub-sections (2) and (2A) of section 37 of the Central Excise Act, 1944 (1 of 1944),… Read More

Implementation of Green Initiatives by NBFCs

RBI/2011-12/237 DNBS(PD).CC. No 248/03.10.01 /2011-12 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Green Initiative of the Government As part of the ˜Green Initiative™ of the Government, the Government of India has suggested that steps be taken by entities in financial sector, including NBFCs to help better utilisation of… Read More