Corporate Law Reporter - The Daily Journal

India & Afghanistan signs MOU for public sector capacity development

India and Afghanistan today entered into a Memorandum of Understanding for implementation of a twinning arrangement for public sector capacity development in Afghanistan. Under it both the countries will co-operate in the field of public sector capacity development in accordance with the applicable domestic law in force in the respective countries in which the activities… Read More

Registration of contracts for cotton waste now not required – DGFT

Notification No. 78 (RE-2010)/2009-14; GOI; Ministry of Commerce & Industry; Department of Commerce Dated 10th October, 2011 Subject:- Policy for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] with effect from 1st October,2011. S.O. (E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development &… Read More

Memorandum of Instructions governing money changing activities

BI/2011-12/216 A.P. (DIR Series) Circular No.33 To, All Authorised Persons in Foreign Exchange Madam/ Sir, Attention of Authorised Persons is invited to Parts A and E of the Annex I to the Memorandum of Instructions governing money changing activities, issued vide A. P. (DIR Series) Circular No. 57 [A.P. (FL/RL Series) Circular No. 04] dated March… Read More

Restatement on Legislative Privilege, Contempt of Court and Public Interest Litigation released by Supreme Court

Chief Justice of India, Shri Justice S.H. Kapadia, here today released a set of Restatement of Indian Law in the presence of legal luminaries. These Restatements of Indian Law relate to 3 subjects: Legislative Privilege, Contempt of Court and Public Interest Litigation. Chairman of the Supreme Court Project Committee on Restatement of Indian Law Shri… Read More

India and ADB to celebrate 25 yrs of their partnership at a forum that will be held on 17/10

India and the Asian Development Bank (ADB) will join hands to commemorate 25 years of their partnership at a forum that will discuss Asia™s remarkable economic growth and the challenges it still has to overcome to realize its full potential. Finance Minister Shri Pranab Mukherjee and ADB President Mr. Haruhiko Kuroda will address the Eminent… Read More

Rupee Export Credit Interest Rates

To All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Rupee Export Credit Interest Rates Please refer to our circulars DBOD.Dir.(Exp). BC. No. 94/04.02.001/2009-10 dated April 23, 2010 and DBOD.Dir.(Exp).BC.No.36/04.02.001/2010-11 dated August 9, 2010 extending the scheme of interest subvention of 2% from April 1, 2010 to March 31, 2011 on pre and post shipment rupee export credit for… Read More

FDI for Greenfield investments in the pharma sector continues

PM chaired a high level meeting to discuss the FDI policy in drugs and pharmaceutical sector. The meeting was attended by Finance Minister, Sh Pranab Mukherji, Health Minister Sh Ghulam Nabi Azad, Commerce, Industry and Textile Minister Sh Anand Sharma, Pharmaceutical and Chemical Minister Sh MK Alagiri, Deputy Chairman Planning Commission Dr Montek Singh Ahulwalia,… Read More

Registration of Companies or LLPs which have one of their objectives to do business of architect

General Circular: GOI; MCA; Dated 10.10.2011 All the Regional Directors, All the Registrar of Companies/ Registrar of LLP's Subject: Registration of Companies or LLPs which have one of their objectives to do business of architect Sir, I am directed to say that a number of representations have been received in the Ministry to the effect… Read More

Liberalised Remittance Scheme for Resident Individuals- Revised Application cum Declaration form

To, All Authorised Persons in Foreign Exchange Madam/ Sir, Liberalised Remittance Scheme for Resident Individuals- Revised Application cum Declaration form Attention of Authorised Dealer Category I (AD Category I) banks is invited to the Annex to the A. P. (DIR Series) Circular No. 51 dated May 8, 2007 containing the Application cum Declaration form for purchase of foreign exchange… Read More

Committee to strengthen laws to curb generation of black money in India

F.No.291/15/2011-IT (Inv.I)(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi dated 04th October, 2011 OFFICE MEMORANDUM Sub: Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer abroad and its recovery. It has been decided with the approval of competent authority… Read More

Role of the Company Secretary in Corporate Governance Framework

This is a vitally important period for corporate governance in India. After many false starts and delays, significant progress was made in the reform of company law with the completion of a comprehensive review in 2005 and the laying before the Lok Sabha the Bill. Any satisfaction that might have been felt as a result… Read More

CFC scheme for CWAs for MCA

The Institute is in receipt of letter no. HQ/79/2006-Computerisation dated 27th September, 2011 from Ministry of Corporate Affairs intimating that they have accepted the request of three Institutes to re-open the registration process of Certified Filing Centres (CFCs) and allow enrolment of more CFCs so that the involvement of Professionals in XBRL and peak filing… Read More

AML/CFT Guidelines – Cash Acceptance Threshold

Insurance sector has entered into sixth year of effective AML/CFT regime. In this context, extant AML/CFT guidelines to the insurance sector are being reviewed to assess the need for changes to facilitate Risk Based Approach. Due consideration is placed on the threats posed by the money laundering/terrorist financing vulnerabilities in the insurance sector. The following modifications… Read More